FULLTHROTTLECARS LTD

💤Zombieactive
04657332 · ltd · incorporated 2003-02-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£35.2k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 6 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 21.7y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 21.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
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 £35,247
Net assets shrinking
Down £20,573 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£35k
↓ 37% YoY
Current Assets
£502
↓ 24% YoY
Current Liabilities
—
£0£11k£22k£33k£45k£56kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£780.6k£801.2k
Current assets£502£664
Net assets£35.2k£55.8k

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

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 (28 events)Click to expand
  1. 2025-08-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-07-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-11-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-15
    📄
    capital-allotment-shares
    capital · SH01
  8. 2022-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-07-21
    🔒
    Charge registered #7
    Lender: The Mortgage Lender Limited
  10. 2022-07-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-05-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2009-03-24
    ➖
    MCPHERSON & PARTNERS (HASTINGS) LLP resigned
    corporate-secretary
  18. 2007-05-09
    ➕
    MCPHERSON & PARTNERS (HASTINGS) LLP appointed
    corporate-secretary
  19. 2006-10-09
    ➖
    NILSSON, Geoffrey John resigned
    secretary
  20. 2006-09-21
    🔒
    Charge registered #6
    Lender: Capital Home Loans Limited
  21. 2006-09-21
    🔒
    Charge registered #5
    Lender: Capital Home Loans Limited
  22. 2004-10-08
    🔒
    Charge registered #4
    Lender: Capital Home Loans Limited
  23. 2004-10-08
    🔒
    Charge registered #3
    Lender: Capital Home Loans Limited
  24. 2004-10-08
    🔒
    Charge registered #2
    Lender: Capital Home Loans Limited
  25. 2004-10-08
    🔒
    Charge registered #1
    Lender: Capital Home Loans Limited
  26. 2003-02-05
    🏢
    Company incorporated
    As FULLTHROTTLECARS LTD
  27. 2003-02-05
    ➕
    GRIFFITHS, John Richard appointed
    director
  28. 2003-02-05
    ➕
    NILSSON, Geoffrey John appointed
    secretary

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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 low
7 live charges
low

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Richard Griffiths
Individual · British · DOB 06/1961 · age 65
75–100%
—75-100% 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 →

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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
Incorporated2003-02-05
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

Fordshill
Broxmead Lane
Bolney
RH17 5RJ
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (1 active · 2 resigned)

GRIFFITHS, John Richard→
director · ~65y · appointed 2003-02-05
View their other companies + combined net worth →
Active
NILSSON, Geoffrey John→
secretary · appointed 2003-02-05 · resigned 2006-10-09
Resigned
MCPHERSON & PARTNERS (HASTINGS) LLP→
corporate-secretary · appointed 2007-05-09 · resigned 2009-03-24
Resigned

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

Mortgages & charges

7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
The Mortgage Lender
The Mortgage Lender Limited
A registered charge1 property21/07/2022—
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge/legal charge1 property21/09/2006—
outstanding
Capital Home Loans / Capital Home Loans
Capital Home Loans Limited / Capital Home Loans Limited
Deed of charge1 property21/09/2006—
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge1 property08/10/2004—
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge1 property08/10/2004—
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge2 properties08/10/2004—
outstanding
Capital Home Loans
Capital Home Loans Limited
Deed of charge1 property08/10/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-15
capital-allotment-shares
capital · SH01
2022-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01