CORKILLS VOLKSWAGEN LIMITED
📉Decliningactive
02863409 · ltd · incorporated 1993-10-13
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Sale of new cars and light motor vehicles
Sector: Wholesale & retail
Investor take
PursueLeverage-led grower with a 80-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 80). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).
🏦
Refinance opportunity
16 live charges · 7 lenders · oldest 32.5y
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 32.5 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 55/100 (high).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
22 officers (5 active, 22 linked, 16 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
154 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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
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 102Profitable
Profit before tax £20,057
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £20.1k | £247.0k |
| Average employees | 66 | 6400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (80 events)Click to expand
- 2025-11-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-18📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-01➕CHISNALL, Jason appointeddirector
- 2022-10-11📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-23📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-04📄accounts-with-accounts-type-fullaccounts · AA
- 2020-08-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-08-10➖FYFFE, Sally Victoria Wykeham resigneddirector
- 2020-02-03📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-03📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2018-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2017-09-19🔒Charge registered #16Lender: National Westminster Bank PLC
- 2017-06-25➕WORRALL, Timothy appointeddirector
- 2017-06-25➕FYFFE, Sally Victoria Wykeham appointeddirector
- 2015-05-07➖KAYE, Jacqueline Ann resigneddirector
- 2013-06-21🔒Charge registered #15Lender: Volkswagen Financial Services (UK) Limited
- 2013-06-21🔒Charge registered #14Lender: Volkswagen Bank Gmbh Trading as Volkswagen Bank United Kingdom Branch
- 2012-07-10➕COTTON, Angela appointedsecretary
- 2012-07-10➕COTTON, Angela appointeddirector
- 2012-07-10➖HAZLETON, Carl Desmond resigneddirector
- 2012-07-10➕KAYE, Jacqueline Ann appointeddirector
- 2012-04-20➖INGHAM, Erica Jane resignedsecretary
- 2012-04-20➖INGHAM, Erica Jane resigneddirector
- 2010-05-06🔓Charge satisfied #8
- 2010-03-03➕INGHAM, Erica Jane appointedsecretary
- 2010-03-03➕INGHAM, Erica Jane appointeddirector
- 2010-03-02➕HAZLETON, Carl Desmond appointeddirector
- 2010-02-01🔒Charge registered #13Lender: Volkswagen Bank Gmbh Trading as Volkswagen Bank United Kingdom Branch
- 2010-01-06➖WILLIAMS, Karen Jayne resignedsecretary
- 2008-02-27➖GRAHAM, Sarah Louise resigneddirector
- 2005-11-05🔓Charge satisfied #2
- 2005-11-05🔓Charge satisfied #1
- 2004-06-28➖ROBERTS, Stephen Hugh resigneddirector
- 2004-01-15➕GRAHAM, Sarah Louise appointeddirector
- 2002-04-23🔒Charge registered #12Lender: National Westminster Bank PLC
- 2001-08-12➖FELL, John Michael resigneddirector
- 2000-09-13➖SOHAL, Thomas Gurnam resigneddirector
- 2000-09-13➖THOMSON, Alexander resigneddirector
- 1999-09-22➕FELL, John Michael appointeddirector
- 1998-12-10🔒Charge registered #11Lender: National Westminster Bank PLC
- 1998-08-05🔒Charge registered #10Lender: Volkswagen Financial Services (UK) Limited
- 1998-03-25➖THOMSON, Alexander resignedsecretary
Showing most recent 50 of 80 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 80 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 33 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
9 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adrian Kermode Individual · British · DOB 11/1958 · age 68 | — | — | board controlboard control | 01/09/2016 |
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
Active · Automotive · WN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J SHAW & SONS LIMITED→ 07398056 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| A6 BODYSHOP LTD→ 07395240 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ADVANCED AUDIO & SECURITY SOLUTIONS LIMITED→ 15434569 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| APOSTLE MOTORS LTD→ 16508349 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ASPULL MOTOR VEHICLES LIMITED→ 04970493 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ASPULL VANS LTD→ 17058184 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AUTOMOTIVE CLIMATE SOLUTIONS LIMITED→ 15480054 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| BASE RECOVERY AND SERVICE LIMITED→ 07893097 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BDS AUTOMOTIVE LTD→ 11929572 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BROCKSFORD MOTORS LIMITED→ 01741661 · est 1983 · no financials extracted | — | — | — | — | 42y | — | — |
| C&E BROADLEY LTD→ 14371820 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CAR 4 YOU WIGAN LTD→ 15597096 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1993-10-13
Jurisdictionengland-wales
Primary SIC45111 — Sale of new cars and light motor vehicles
Registered office
Corkills Wigan
Pennyhurst Street
Wigan
Lancashire
WN3 4AS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01
Officers (5 active · 17 resigned)
Active
CHISNALL, Jason→
Activedirector · ~55y · appointed 2022-11-01
View their other companies + combined net worth →
COTTON, Angela→
Activedirector · ~60y · appointed 2012-07-10
View their other companies + combined net worth →
MCGRATH-KERMODE, Adrian Brian→
Activedirector · ~68y · appointed 1993-10-13
View their other companies + combined net worth →
WORRALL, Timothy→
Activedirector · ~80y · appointed 2017-06-25
View their other companies + combined net worth →
INGHAM, Erica Jane→
Resignedsecretary · appointed 2010-03-03 · resigned 2012-04-20
THOMSON, Alexander→
Resignedsecretary · appointed 1993-10-13 · resigned 1998-03-25
WILLIAMS, Karen Jayne→
Resignedsecretary · appointed 1998-03-25 · resigned 2010-01-06
ELK COMPANY SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1993-10-13 · resigned 1993-10-13
FELL, John Michael→
Resigneddirector · ~80y · appointed 1999-09-22 · resigned 2001-08-12
FELL, John Michael→
Resigneddirector · ~80y · appointed 1993-11-06 · resigned 1994-07-08
FYFFE, Sally Victoria Wykeham→
Resigneddirector · ~53y · appointed 2017-06-25 · resigned 2020-08-10
GRAHAM, Sarah Louise→
Resigneddirector · ~61y · appointed 2004-01-15 · resigned 2008-02-27
HAZLETON, Carl Desmond→
Resigneddirector · ~61y · appointed 2010-03-02 · resigned 2012-07-10
ICETON, Ian Gordon→
Resigneddirector · ~60y · appointed 1994-07-08 · resigned 1995-12-20
INGHAM, Erica Jane→
Resigneddirector · ~54y · appointed 2010-03-03 · resigned 2012-04-20
KAYE, Jacqueline Ann→
Resigneddirector · ~62y · appointed 2012-07-10 · resigned 2015-05-07
KILMURRAY, Kathy Joan, Dr→
Resigneddirector · ~74y · appointed 1993-11-06 · resigned 1997-06-12
ROBERTS, Stephen Hugh→
Resigneddirector · ~66y · appointed 1995-12-20 · resigned 2004-06-28
SOHAL, Thomas Gurnam→
Resigneddirector · ~66y · appointed 1995-12-20 · resigned 2000-09-13
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
9
Outstanding
3
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 19/09/2017 | — | |
| outstanding | Volkswagen Financial Services (UK) Volkswagen Financial Services (UK) Limited | A registered charge | 2 properties | 21/06/2013 | — | |
| outstanding | Volkswagen Bank Gmbh Trading as Volkswagen Bank United Kingdom Branch | A registered charge | 2 properties | 21/06/2013 | — | |
| outstanding | Volkswagen Bank Gmbh Trading as Volkswagen Bank United Kingdom Branch | General charge | 1 property | 01/02/2010 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 3 properties | 23/04/2002 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 10/12/1998 | — | |
| outstanding | Volkswagen Financial Services (UK) Volkswagen Financial Services (UK) Limited | Charge | 1 property | 05/08/1998 | — | |
| outstanding | Volkswagen Financial Services (UK) Volkswagen Financial Services (UK) Limited | General charge | 1 property | 06/10/1994 | — | |
| satisfied | Volkswagen Financial Services (UK) Volkswagen Financial Services (UK) Limited | Debenture | 1 property | 23/03/1994 | 06/05/2010 | |
| satisfied | V.A.G.Finance V.A.G.Finance Limited | Debenture | 1 property | 03/03/1994 | 15/02/1995 | |
| satisfied | V.A.G. Finance V.A.G. Finance Limited | General charge | 1 property | 01/03/1994 | 15/02/1995 | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | General charge | 1 property | 01/03/1994 | 15/02/1995 | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 11/01/1994 | — | |
| satisfied | Lloyds Banking Group Lloyds Bowmaker Limited | Debenture | 1 property | 15/12/1993 | 15/02/1995 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 18/11/1993 | 05/11/2005 | |
| satisfied | V.A.G. (United Kingdom) V.A.G. (United Kingdom) Limited | Debenture | 3 properties | 18/11/1993 | 05/11/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (154 total)
change-person-director-company-with-change-date
officers · CH01
2025-11-05
change-person-director-company-with-change-date
officers · CH01
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
accounts-with-accounts-type-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
change-person-director-company-with-change-date
officers · CH01
2023-10-05
accounts-with-accounts-type-full
accounts · AA
2023-07-18
appoint-person-director-company-with-name-date
officers · AP01
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-11
change-person-director-company-with-change-date
officers · CH01
2022-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-11
accounts-with-accounts-type-full
accounts · AA
2022-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-08