READS MOTOR REPAIRS LIMITED

🌳Matureactive

04497735 · ltd · incorporated 2002-07-29

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 22.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£20.1k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

Investor take

Pursue

Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 22.8y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 22.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £20,053

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£20k

~ YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-09-30	2024-09-30
Total assets	£20.1k	£20.0k
Net assets	£20.1k	£20.0k

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

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-06-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-06-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-08-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-01
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2004-09-01
➕
ZJALIC, Nerys Wyn appointed
secretary
2004-09-01
➕
ZJALIC, Nerys Wyn appointed
director
2004-09-01
➖
MAJOR, Kenneth Richard resigned
secretary
2003-09-04
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2002-07-29
🏢
Company incorporated
As READS MOTOR REPAIRS LIMITED
2002-07-29
➕
ZJALIC, Peter appointed
director
2002-07-29
➕
MAJOR, Kenneth Richard appointed
secretary
2002-07-29
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
2002-07-29
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary

Owner dependency

91/100

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.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 73 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 73 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 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Peter Zjalic Individual · British · DOB 12/1953 · age 73	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Nerys Wyn Zjalic Individual · Welsh · DOB 12/1963 · age 63	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

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Company details

Statusactive

Typeltd

Incorporated2002-07-29

Jurisdictionengland-wales

Primary SIC99999 — SIC 99999

Registered office

The Old Surgery

Spa Road

Llandrindod Wells

Powys

LD1 5EY

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-08-12

Last: 2025-07-29

Officers (3 active · 2 resigned)

ZJALIC, Nerys Wyn→

secretary · appointed 2004-09-01

View their other companies + combined net worth →

Active

ZJALIC, Nerys Wyn→

director · ~63y · appointed 2004-09-01

View their other companies + combined net worth →

Active

ZJALIC, Peter→

director · ~73y · appointed 2002-07-29

View their other companies + combined net worth →

Active

MAJOR, Kenneth Richard→

secretary · appointed 2002-07-29 · resigned 2004-09-01

Resigned

SWIFT INCORPORATIONS LIMITED→

corporate-nominee-secretary · appointed 2002-07-29 · resigned 2002-07-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	HSBC Hsbc Bank PLC	Debenture	1 property	04/09/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.