FIRST NATIONAL VEHICLES LIMITED
🌳Matureactive
04451016 · ltd · incorporated 2002-05-29
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
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 13.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 13.5 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (74/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
17 officers (2 active, 17 linked, 11 with DOB)
83
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-02 |
|---|---|
| Average employees | 20 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
3
filings
- • 2 mortgage
- • 1 accounts
Last 180 days
11
filings
- • 4 mortgage
- • 2 accounts
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
- 2026-04-28📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2026-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-08🔒Charge registered #6Lender: Tc Loans Limited
- 2026-04-08🔒Charge registered #5Lender: Tc Loans Limited
- 2026-03-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-15📄statement-of-companys-objectschange-of-constitution · CC04
- 2026-01-12📄resolutionresolution · RESOLUTIONS
- 2026-01-12📄memorandum-articlesincorporation · MA
- 2026-01-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-01-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-05🔓Charge satisfied #2
- 2026-01-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-23➕HILL, James Robert appointeddirector
- 2025-12-23➖VELLA, Karl Brian resigneddirector
- 2025-12-23🔒Charge registered #4Lender: Ama Capital LLP
- 2025-12-11📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-02-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-10📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2025-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-02-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-02-03➕HOLDING, Marc appointeddirector
- 2025-02-03➖JOHNSON, Stephanie resigneddirector
- 2025-02-03➕VELLA, Karl Brian appointeddirector
- 2024-06-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-07➖ARNOLD, Christopher Michael resigneddirector
- 2024-06-07➖ARNOLD, Louise Anne resigneddirector
- 2024-03-12🔓Charge satisfied #3
- 2023-10-24➕JOHNSON, Stephanie appointeddirector
- 2020-07-28🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2019-07-22➕ARNOLD, Louise Anne appointeddirector
- 2019-01-02➖ROBERTS, Darren resigneddirector
- 2017-08-30➕ROBERTS, Darren appointeddirector
- 2017-08-21➖VICKERS REYNOLDS & CO (STOURBRIDGE) LTD resignedcorporate-secretary
- 2017-03-09➖ARNOLD, Christopher Michael resignedsecretary
- 2017-03-09➕VICKERS REYNOLDS & CO (STOURBRIDGE) LTD appointedcorporate-secretary
- 2017-03-09➖ROBERTS, Darren resigneddirector
- 2016-02-23🔓Charge satisfied #1
- 2015-03-03➖ARNOLD, Michael resigneddirector
- 2014-08-29🔒Charge registered #2Lender: Icf Finance Limited
- 2014-06-02➕ROBERTS, Darren appointeddirector
- 2012-11-29🔒Charge registered #1Lender: Black Country Reinvestment Society Limited
- 2012-04-05➖BRYANT, Peter resigneddirector
- 2012-01-27➕ARNOLD, Christopher Michael appointedsecretary
Showing most recent 50 of 64 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
2 med ·3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-04-08: A registered charge; 2026-04-08: A registered charge; 2025-12-23: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Karl Vella Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Karl Vella Group Limited
Corporate parent · holds 75-100% shares · board control
⬇
FIRST NATIONAL VEHICLES LIMITED
This company · 04451016
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Karl Vella Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 03/02/2025 |
4 historic (ceased) PSCs
- Miss Stephanie Johnsonceased 03/02/2025· 50-75% shares · 50-75% voting
- Mrs Louise Anne Arnoldceased 23/10/2023· 25-50% shares · 25-50% voting · board control
- Mr Christopher Michael Arnoldceased 18/08/2020· 50-75% shares · 50-75% voting · board control
- Mr Christopher Michael Arnoldceased 23/10/2023· 25-50% shares
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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| F & J HALLIWELL (KITT GREEN) LIMITED→ 01006150 · est 1971 · no financials extracted | — | — | — | — | 55y | — | — |
| FAULKNER MOTORSPORT LTD→ 16921127 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FINESSE SMART REPAIRS LIMITED→ 17093507 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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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
Incorporated2002-05-29
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200
Registered office
Karl Vella Group Gillibrands Road
Gilibrands
Skelmersdale
Lancashire
WN8 9TA
England
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-02-02
Confirmation statement
Next due: 2026-06-25
Last: 2025-06-11
Officers (2 active · 15 resigned)
HILL, James Robert→
Activedirector · ~48y · appointed 2025-12-23
View their other companies + combined net worth →
HOLDING, Marc→
Activedirector · ~45y · appointed 2025-02-03
View their other companies + combined net worth →
ARNOLD, Christopher Michael→
Resignedsecretary · appointed 2012-01-27 · resigned 2017-03-09
GAMBLE, Robert→
Resignedsecretary · appointed 2002-05-29 · resigned 2012-01-27
TINSLEY, Trevor→
Resignedsecretary · appointed 2002-06-17 · resigned 2002-07-16
PARAMOUNT COMPANY SEARCHES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-05-29 · resigned 2002-05-29
VICKERS REYNOLDS & CO (STOURBRIDGE) LTD→
Resignedcorporate-secretary · appointed 2017-03-09 · resigned 2017-08-21
ARNOLD, Christopher Michael→
Resigneddirector · ~61y · appointed 2012-01-27 · resigned 2024-06-07
ARNOLD, Louise Anne→
Resigneddirector · ~56y · appointed 2019-07-22 · resigned 2024-06-07
ARNOLD, Michael→
Resigneddirector · ~83y · appointed 2010-09-06 · resigned 2015-03-03
BRYANT, Peter→
Resigneddirector · ~69y · appointed 2004-11-22 · resigned 2012-04-05
JOHNSON, Stephanie→
Resigneddirector · ~44y · appointed 2023-10-24 · resigned 2025-02-03
ROBERTS, Darren→
Resigneddirector · ~54y · appointed 2017-08-30 · resigned 2019-01-02
ROBERTS, Darren→
Resigneddirector · ~54y · appointed 2014-06-02 · resigned 2017-03-09
VELLA, Karl Brian→
Resigneddirector · ~67y · appointed 2025-02-03 · resigned 2025-12-23
YATES, Elaine→
Resigneddirector · ~69y · appointed 2002-05-29 · resigned 2003-10-14
PARAMOUNT PROPERTIES (UK) LIMITED→
Resignedcorporate-nominee-director · appointed 2002-05-29 · resigned 2002-05-29
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tc Loans Tc Loans Limited | A registered charge | — | 08/04/2026 | — | |
| outstanding | Tc Loans Tc Loans Limited | A registered charge | — | 08/04/2026 | — | |
| outstanding | Ama Capital Ama Capital LLP | A registered charge | 2 properties | 23/12/2025 | — | |
| satisfied | HSBC Hsbc UK Bank PLC | A registered charge | — | 28/07/2020 | 12/03/2024 | |
| satisfied | Icf Finance Icf Finance Limited | A registered charge | — | 29/08/2014 | 05/01/2026 | |
| satisfied | Black Country Reinvestment Society Black Country Reinvestment Society Limited | Debenture | 1 property | 29/11/2012 | 23/02/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (124 total)
change-account-reference-date-company-current-extended
accounts · AA01
2026-04-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-10
statement-of-companys-objects
change-of-constitution · CC04
2026-01-15
resolution
resolution · RESOLUTIONS
2026-01-12
memorandum-articles
incorporation · MA
2026-01-12
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-05
termination-director-company-with-name-termination-date
officers · TM01
2026-01-02
appoint-person-director-company-with-name-date
officers · AP01
2026-01-02
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-10