ATLAS GARAGES (MORPETH) LIMITED

🌳Matureactive
02499081 · ltd · incorporated 1990-05-04
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
£28.35M
year to Jun 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
  • 45320Retail trade of motor vehicle parts and accessories
Investor take
Pursue
Leverage-led grower with a 74-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).

🏦

Refinance opportunity

15 live charges · 9 lenders · oldest 34.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 34.0 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (72/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £104,792

Key financials

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

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-30
Turnover£28.35M
Gross profit£2.88M
Operating profit£147.4k
Profit before tax£104.8k
Average employees5600

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

🔒Filing-note intelligence

5 signals 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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-04-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-04-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2022-03-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2021-01-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2020-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2020-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2020-02-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2020-02-05
    🔓
    Charge satisfied #12
  11. 2020-02-05
    🔓
    Charge satisfied #11
  12. 2020-02-05
    🔓
    Charge satisfied #10
  13. 2020-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2020-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2020-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2020-01-17
    🔒
    Charge registered #15
    Lender: Handelsbanken PLC
  17. 2020-01-17
    🔒
    Charge registered #14
    Lender: Handelsbanken PLC
  18. 2020-01-17
    🔒
    Charge registered #13
    Lender: Handelsbanken PLC
  19. 2019-12-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2019-02-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2018-01-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2013-03-28
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  23. 2011-12-15
    🔓
    Charge satisfied #7
  24. 2011-12-15
    🔓
    Charge satisfied #5
  25. 2011-12-15
    🔓
    Charge satisfied #2
  26. 2011-08-09
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  27. 2011-04-26
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  28. 2009-01-28
    🔒
    Charge registered #9
    Lender: Gmac UK PLC
  29. 2008-09-06
    🔓
    Charge satisfied #8
  30. 2008-05-07
    🔓
    Charge satisfied #6
  31. 2007-12-12
    🔒
    Charge registered #8
    Lender: Peter Edward Davidson, Colin Henry Davidson, Colin Davidson, Faye Davidson and Portsokentrustees Limited as Trustees Fr the Time Being of Atlas Garages (Morpeth) Limited Directors Pension Scheme
  32. 2007-11-09
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  33. 2005-04-06
    ➕
    HUDSPITH, Mark Edward appointed
    secretary
  34. 2005-04-06
    ➖
    WALTERS, Raymond resigned
    secretary
  35. 2000-07-27
    🔒
    Charge registered #6
    Lender: General Guarantee Finance Limited
  36. 1999-01-23
    🔓
    Charge satisfied #4
  37. 1999-01-11
    🔓
    Charge satisfied #1
  38. 1995-08-15
    🔒
    Charge registered #5
    Lender: National Westminster Bank PLC
  39. 1995-08-15
    🔒
    Charge registered #4
    Lender: Mobil Oil Company Limited
  40. 1995-07-28
    🔒
    Charge registered #3
    Lender: General Motors Acceptance Corporation (UK) PLC
  41. 1995-07-03
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  42. 1992-07-16
    ➖
    MITCHELL, Christine resigned
    secretary
  43. 1992-07-16
    ➕
    WALTERS, Raymond appointed
    secretary
  44. 1992-07-15
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  45. 1990-05-04
    🏢
    Company incorporated
    As ATLAS GARAGES (MORPETH) LIMITED

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Peter Edward Davidson
Individual · British · DOB 10/1956 · age 70
25–50%
—25-50% shares06/04/2016
Mr Colin Henry Davidson
Individual · British · DOB 01/1952 · age 74
25–50%
—25-50% shares06/04/2016

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 →

Similar companies

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ABRA MOT CENTRE LIMITED→
05800471 · est 2006 · no financials extracted
————19y——
ALYN BREWIS LIMITED→
14690140 · est 2023 · no financials extracted
————3y——
APEXX MOTORS LTD→
16365184 · est 2025 · no financials extracted
————1y——
ARMSTRONG ENGINEERING (NE) LIMITED→
04881448 · est 2003 · no financials extracted
————22y——
ASTON WORKSHOP RESTORATIONS LIMITED→
15825185 · est 2024 · no financials extracted
————1y——
AUSTRIN GEARBOX SPECIALIST LTD→
08265665 · est 2012 · no financials extracted
————13y——
AUTO SOLUTIONS & MOT LTD→
16571121 · est 2025 · no financials extracted
———————
AUTOBAHN (HEXHAM) LIMITED→
05988119 · est 2006 · no financials extracted
————19y——
AUTOCARE (NORTH EAST) LIMITED→
05862096 · est 2006 · no financials extracted
————19y——
AUTOCARE SERVICES (NS) LIMITED→
06541444 · est 2008 · no financials extracted
————18y——
AUTOFIX (NORTH EAST) LIMITED→
06135405 · est 2007 · no financials extracted
————19y——
AUTOKLASS (SOUTH SHIELDS) LIMITED→
00668260 · est 1960 · no financials extracted
————65y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1990-05-04
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112

Registered office

Davidsons Of Morpeth Coopies Way
Morpeth
Northumberland
NE61 6JN

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-18
Last: 2026-05-04

Officers (3 active · 2 resigned)

HUDSPITH, Mark Edward→
secretary · appointed 2005-04-06
View their other companies + combined net worth →
Active
DAVIDSON, Colin Henry→
director · ~74y
View their other companies + combined net worth →
Active
DAVIDSON, Peter Edward→
director · ~70y
View their other companies + combined net worth →
Active
MITCHELL, Christine→
secretary · resigned 1992-07-16
Resigned
WALTERS, Raymond→
secretary · appointed 1992-07-16 · resigned 2005-04-06
Resigned

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

Mortgages & charges

15
Total charges
5
Outstanding
3
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property17/01/2020—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—17/01/2020—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property17/01/2020—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property28/03/201305/02/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property09/08/201105/02/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property26/04/201105/02/2020
outstanding
Gmac UK
Gmac UK PLC
Debenture1 property28/01/2009—
satisfied
Peter Edward Davidson, Colin Henry Davidson, Colin Davidson, Faye Davidson and Portsokentrustees as Trustees Fr the Time Being of Atlas Garages (Morpeth) Directors Pension Scheme
Peter Edward Davidson, Colin Henry Davidson, Colin Davidson, Faye Davidson and Portsokentrustees Limited as Trustees Fr the Time Being of Atlas Garages (Morpeth) Limited Directors Pension Scheme
Legal charge1 property12/12/200706/09/2008
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties09/11/200715/12/2011
satisfied
General Guarantee Finance
General Guarantee Finance Limited
Charge1 property27/07/200007/05/2008
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property15/08/199515/12/2011
satisfied
Mobil Oil Company
Mobil Oil Company Limited
Legal charge1 property15/08/199523/01/1999
outstanding
General Motors Acceptance Corporation (UK)
General Motors Acceptance Corporation (UK) PLC
Legal mortgage1 property28/07/1995—
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property03/07/199515/12/2011
satisfied
Barclays
Barclays Bank PLC
Guarantee and debenture1 property15/07/199211/01/1999
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-full
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-09
accounts-with-accounts-type-full
accounts · AA
2024-04-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-full
accounts · AA
2023-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-04
accounts-with-accounts-type-full
accounts · AA
2022-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-05
accounts-with-accounts-type-full
accounts · AA
2021-01-25
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-05
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-05
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-05