1ST CITY FLEET LIMITED

🌳Matureactive
04237444 · ltd · incorporated 2001-06-19
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Renting and leasing of cars and light motor vehicles
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. 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 (65/100).

🏦

Refinance opportunity

3 live charges · oldest 14.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 14.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (5 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees5500

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
3
filings
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-11-24
    ➖
    MCCULLOUGH, Derek resigned
    director
  5. 2025-06-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2025-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-07-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-02-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-02-23
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  11. 2023-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-08-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2018-08-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2015-04-20
    ➕
    MCCULLOUGH, Declan Bartholomew appointed
    director
  22. 2011-08-08
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 2011-07-29
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 2007-04-06
    ➕
    MCCULLOUGH, Aaron Philip appointed
    director
  25. 2007-04-06
    ➕
    MCCULLOUGH, Connor Ronald appointed
    director
  26. 2004-06-21
    ➕
    MCCULLOUGH, Aaron Philip appointed
    secretary
  27. 2004-06-21
    ➖
    MCCULLOUGH, Derek resigned
    secretary
  28. 2004-06-21
    ➕
    MCCULLOUGH, Derek appointed
    director
  29. 2002-09-24
    ➖
    CLARKE, Ronald resigned
    director
  30. 2001-10-01
    ➕
    MCCULLOUGH, Susan Rose appointed
    director
  31. 2001-10-01
    ➖
    CLARKE, Susan Rose resigned
    secretary
  32. 2001-10-01
    ➕
    MCCULLOUGH, Derek appointed
    secretary
  33. 2001-10-01
    ➖
    MCCULLOUGH, Derek resigned
    director
  34. 2001-06-27
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  35. 2001-06-27
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  36. 2001-06-19
    🏢
    Company incorporated
    As 1ST CITY FLEET LIMITED
  37. 2001-06-19
    ➕
    CLARKE, Susan Rose appointed
    secretary
  38. 2001-06-19
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  39. 2001-06-19
    ➕
    CLARKE, Ronald appointed
    director
  40. 2001-06-19
    ➕
    MCCULLOUGH, Derek appointed
    director
  41. 2001-06-19
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

1st City Partnership Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
1st City Partnership Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
1ST CITY FLEET LIMITED
This company · 04237444

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
1st City Partnership Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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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
Incorporated2001-06-19
Jurisdictionengland-wales
Primary SIC77110 — Renting and leasing of cars and light motor vehicles

Registered office

Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (5 active · 7 resigned)

MCCULLOUGH, Aaron Philip→
secretary · appointed 2004-06-21
View their other companies + combined net worth →
Active
MCCULLOUGH, Aaron Philip→
director · ~41y · appointed 2007-04-06
View their other companies + combined net worth →
Active
MCCULLOUGH, Connor Ronald→
director · ~38y · appointed 2007-04-06
View their other companies + combined net worth →
Active
MCCULLOUGH, Declan Bartholomew→
director · ~33y · appointed 2015-04-20
View their other companies + combined net worth →
Active
MCCULLOUGH, Susan Rose→
director · ~59y · appointed 2001-10-01
View their other companies + combined net worth →
Active
CLARKE, Susan Rose→
secretary · appointed 2001-06-19 · resigned 2001-10-01
Resigned
MCCULLOUGH, Derek→
secretary · appointed 2001-10-01 · resigned 2004-06-21
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2001-06-19 · resigned 2001-06-27
Resigned
CLARKE, Ronald→
director · ~90y · appointed 2001-06-19 · resigned 2002-09-24
Resigned
MCCULLOUGH, Derek→
director · ~65y · appointed 2004-06-21 · resigned 2025-11-24
Resigned
MCCULLOUGH, Derek→
director · ~65y · appointed 2001-06-19 · resigned 2001-10-01
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2001-06-19 · resigned 2001-06-27
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property23/02/2024—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property08/08/2011—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property29/07/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
change-person-director-company-with-change-date
officers · CH01
2026-01-21
termination-director-company-with-name-termination-date
officers · TM01
2026-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-04
change-person-director-company-with-change-date
officers · CH01
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-19