ELIX OUTSOURCING LTD

🌿Early-stageactive
SC783118 · ltd · incorporated 2023-09-19
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Temporary employment agency activities
Sector: Administrative & support services
ALSO REGISTERED FOR
  • 78300Human resources provision and management of human resources functions
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 2.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 2.1 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 2 gazette
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-01-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-12-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2025-05-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-31
    YUSEF, Mehmet Theo resigned
    director
  6. 2024-05-14
    YUSEF, Mehmet Theo appointed
    director
  7. 2024-05-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  8. 2024-05-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-03-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-03-26
    🔒
    Charge registered #1
    Lender: Ifs - Debt LP
  11. 2023-09-19
    🏢
    Company incorporated
    As ELIX OUTSOURCING LTD
  12. 2023-09-19
    CLARK, Austin Alexander appointed
    director
  13. 2023-09-19
    WATSON, Ryan Robert appointed
    director
  14. 2023-09-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.6 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-05-14: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Austin Alexander Clark
Individual · Scottish · DOB 11/1978 · age 48
2550%
25–50%board control25-50% shares · 25-50% voting · board control19/09/2023
Mr Ryan Robert Watson
Individual · South African · DOB 11/1976 · age 50
2550%
25–50%board control25-50% shares · 25-50% voting · board control19/09/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2023-09-19
Jurisdictionscotland
Primary SIC78200 — Temporary employment agency activities

Registered office

River Court
5 West Victoria Dock Road
Dundee
DD1 3JT
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (2 active · 1 resigned)

CLARK, Austin Alexander
director · ~48y · appointed 2023-09-19
View their other companies + combined net worth →
Active
WATSON, Ryan Robert
director · ~50y · appointed 2023-09-19
View their other companies + combined net worth →
Active
YUSEF, Mehmet Theo
director · ~39y · appointed 2024-05-14 · resigned 2024-12-31
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Ifs - Debt LP
A registered charge26/03/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (10 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
gazette-notice-compulsory
gazette · GAZ1
2025-12-09
accounts-with-accounts-type-dormant
accounts · AA
2025-05-12
termination-director-company-with-name-termination-date
officers · TM01
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-14
appoint-person-director-company-with-name-date
officers · AP01
2024-05-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
incorporation-company
incorporation · NEWINC
2023-09-19