BAXTERS GARAGE LIMITED
Opportunity 63/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100).
Refinance opportunity
1 live charge · oldest 0.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 0.3 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-09-29 |
|---|---|
| Total assets | £169.6k |
| Current assets | £134.4k |
| Net assets | £162.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 6 officers
- • 3 persons-with-significant-control
- • 1 mortgage
Corporate timeline (30 events)Click to expand
- 2026-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-02📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2026-04-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-04-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-03-26➖THACKWRAY, Julie resignedsecretary
- 2026-03-26➖THACKWRAY, Ian David resigneddirector
- 2026-03-26➖THACKWRAY, Julie resigneddirector
- 2026-03-26🔒Charge registered #1Lender: Atom Bank PLC
- 2026-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-02➕BUNCE, Finlay appointeddirector
- 2026-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-23➕BUNCE, Finlay appointeddirector
- 2026-02-23➖BUNCE, Finlay resigneddirector
- 2025-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-17📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-07-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-30➕THACKWRAY, Julie appointeddirector
- 2023-05-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2003-08-05🏢Company incorporatedAs BAXTERS GARAGE LIMITED
- 2003-08-05➕THACKWRAY, Julie appointedsecretary
- 2003-08-05➕THACKWRAY, Ian David appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-07-02
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: THACKWRAY, Julie resigned 2026-03-26; BUNCE, Finlay resigned 2026-02-23; THACKWRAY, Ian David resigned 2026-03-26
Group structure
Fbc (Yorkshire) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Fbc (Yorkshire) Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/03/2026 |
2 historic (ceased) PSCs
- Mrs Julie Thackwrayceased 26/03/2026· 25-50% shares · 25-50% voting
- Ian David Thackwrayceased 26/03/2026· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Atom Bank Atom Bank PLC | A registered charge | — | 26/03/2026 | — |