AUTOSPRAY BODY REPAIRS (CORNWALL) LIMITED

💤Zombieactive
04770643 · ltd · incorporated 2003-05-20
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 Jun 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). 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 (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.7y

30/100
under pressure

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

  • · Oldest live charge is 22.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
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
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 employees13001500

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-05-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-05-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-05-22
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  15. 2015-05-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2007-01-11
    🔓
    Charge satisfied #1
  17. 2006-09-08
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  18. 2003-09-19
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  19. 2003-06-13
    ➕
    CONWAY-BAKER, Stephanie appointed
    secretary
  20. 2003-06-13
    ➕
    BOULTON, David appointed
    director
  21. 2003-06-13
    ➖
    MANTEL SECRETARIES LIMITED resigned
    corporate-secretary
  22. 2003-06-13
    ➖
    MANTEL NOMINEES LIMITED resigned
    corporate-director
  23. 2003-05-20
    🏢
    Company incorporated
    As AUTOSPRAY BODY REPAIRS (CORNWALL) LIMITED
  24. 2003-05-20
    ➕
    MANTEL SECRETARIES LIMITED appointed
    corporate-secretary
  25. 2003-05-20
    ➕
    MANTEL NOMINEES LIMITED appointed
    corporate-director

Owner dependency

93/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Boulton
Individual · British · DOB 06/1967 · age 59
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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A & T VAN SALES LTD→
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————7y——
A.L.T INDUSTRIES LIMITED→
15015377 · est 2023 · no financials extracted
————2y——
A1CARSOFCORNWALL. LTD→
11504448 · est 2018 · no financials extracted
————7y——
ADEHAWK LTD→
16782745 · est 2025 · no financials extracted
———————
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15286931 · est 2023 · no financials extracted
————2y——
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16363637 · est 2025 · no financials extracted
————1y——
AJP TYRES LTD→
15789554 · est 2024 · no financials extracted
————1y——
ANTON PARRIS (MOTOR CYCLES) LIMITED→
01498934 · est 1980 · no financials extracted
————45y——
AP AUTO REPAIRS CORNWALL LTD→
16227135 · est 2025 · no financials extracted
————1y——
ATKINSON GROUP (HELSTON) LIMITED→
04817286 · est 2003 · no financials extracted
————22y——
ATLANTIC CAR SALES LTD→
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————2y——
AVS SERVICE CENTRE LTD→
09212698 · est 2014 · no financials extracted
————11y——
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
Incorporated2003-05-20
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

Parkengue
Kernick Industrial Estate
Penryn
Cornwall
TR10 9EP

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-06-03
Last: 2026-05-20

Officers (2 active · 2 resigned)

CONWAY-BAKER, Stephanie→
secretary · appointed 2003-06-13
View their other companies + combined net worth →
Active
BOULTON, David→
director · ~59y · appointed 2003-06-13
View their other companies + combined net worth →
Active
MANTEL SECRETARIES LIMITED→
corporate-secretary · appointed 2003-05-20 · resigned 2003-06-13
Resigned
MANTEL NOMINEES LIMITED→
corporate-director · appointed 2003-05-20 · resigned 2003-06-13
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property08/09/2006—
satisfied
HSBC
Hsbc Bank PLC
Debenture1 property19/09/200311/01/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-27