COASTAL AND COUNTRY COACHES LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
8 live charges · 4 lenders · oldest 60.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 60.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 1300 | 1300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Corporate timeline (34 events)Click to expand
- 2025-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-09-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-15🔒Charge registered #8Lender: Lloyds Bank PLC
- 2021-03-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-02🔒Charge registered #7Lender: Lloyds Bank PLC
- 2020-10-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-07-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-07-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-07-21🔓Charge satisfied #6
- 2016-07-21🔓Charge satisfied #5
- 2016-07-21🔓Charge satisfied #4
- 2016-07-21🔓Charge satisfied #2
- 2006-01-23🔒Charge registered #6Lender: The Governor and Company of the Bank of Scotland
- 1999-08-28➕VASEY, Christopher James appointeddirector
- 1994-12-21➕VASEY, Christopher James appointedsecretary
- 1994-10-06➖VASEY, Colin Eric Nigel resignedsecretary
- 1994-10-06➖VASEY, Colin Eric Nigel resigneddirector
- 1993-08-26🔒Charge registered #5Lender: Close Brothers Limited
- 1993-02-19🔓Charge satisfied #1
- 1992-04-16🔓Charge satisfied #3
- 1992-04-06🔒Charge registered #4Lender: Barclays Bank PLC
- 1990-02-05🔒Charge registered #3Lender: Barclays Bank PLC
- 1989-12-21🔒Charge registered #2Lender: Barclays Bank PLC
- 1965-11-05🔒Charge registered #1Lender: Barclays Bank PLC
- 1947-12-01🏢Company incorporatedAs COASTAL AND COUNTRY COACHES LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 79 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Christopher James Vasey Individual · British · DOB 05/1975 · age 51 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 16/10/2020 |
1 historic (ceased) PSC
- Mrs Judith Anne Vaseyceased 16/10/2020· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 15/03/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 02/03/2021 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Chattel mortgage | 1 property | 23/01/2006 | 21/07/2016 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 26/08/1993 | 21/07/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 06/04/1992 | 21/07/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 05/02/1990 | 16/04/1992 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 21/12/1989 | 21/07/2016 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 05/11/1965 | 19/02/1993 |