1ST CLASS TYRES & AUTOCARE LIMITED

🌳Matureactive
05412364 · ltd · incorporated 2005-04-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£48.7k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). 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

1 live charge · oldest 20.6y

65/100
clean up first

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

  • · Oldest live charge is 20.6 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £48,732
Net assets shrinking
Down £15,323 YoY
Cash YoY
-4%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£96k
↓ 4.4% YoY
Net Worth
£49k
↓ 24% YoY
Current Assets
£135k
↓ 3.9% YoY
Current Liabilities
—
£0£28k£56k£85k£113k£141kJun 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
Total assets£48.7k£64.1k
Current assets£135.4k£140.8k
Cash£95.8k£100.2k
Debtors£15.1k£16.1k
Net assets£48.7k£64.1k

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
2
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-04-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2025-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-10-07
    ➕
    EVANS, Richard John appointed
    director
  4. 2025-10-07
    ➖
    EVANS, Jill resigned
    secretary
  5. 2025-10-07
    ➖
    EVANS, Jill resigned
    director
  6. 2025-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-10-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2025-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2018-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-02-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2007-04-16
    ➕
    EVANS, Jill appointed
    secretary
  20. 2007-04-16
    ➖
    MOORE, Lisa Marie resigned
    secretary
  21. 2007-04-16
    ➕
    EVANS, Jill appointed
    director
  22. 2006-03-13
    ➖
    EVANS, Richard John resigned
    secretary
  23. 2006-03-13
    ➕
    MOORE, Lisa Marie appointed
    secretary
  24. 2005-09-02
    🔒
    Charge registered #1
    Lender: Frank Arthur Simms and Patricia Ann Simms
  25. 2005-04-04
    🏢
    Company incorporated
    As 1ST CLASS TYRES & AUTOCARE LIMITED
  26. 2005-04-04
    ➕
    ERRINGTON, Russell Leigh appointed
    director
  27. 2005-04-04
    ➕
    EVANS, Richard John appointed
    secretary
  28. 2005-04-04
    ➕
    SWIFT INCORPORATIONS LIMITED appointed
    corporate-nominee-secretary
  29. 2005-04-04
    ➖
    SWIFT INCORPORATIONS LIMITED resigned
    corporate-nominee-secretary
  30. 2005-04-04
    ➕
    INSTANT COMPANIES LIMITED appointed
    corporate-nominee-director
  31. 2005-04-04
    ➖
    INSTANT COMPANIES LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

76/100
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 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: EVANS, Jill resigned 2025-10-07; EVANS, Jill resigned 2025-10-07

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Richard John Evans
Individual · English · DOB 03/1958 · age 68
25–50%
—25-50% shares07/10/2025
Mr Russell Leigh Errington
Individual · English · DOB 05/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting01/06/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2005-04-04
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

The Old Sorting Office
Misterton Way
Lutterworth
Leicestershire
LE17 4AB

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (2 active · 6 resigned)

ERRINGTON, Russell Leigh→
director · ~57y · appointed 2005-04-04
View their other companies + combined net worth →
Active
EVANS, Richard John→
director · ~68y · appointed 2025-10-07
View their other companies + combined net worth →
Active
EVANS, Jill→
secretary · appointed 2007-04-16 · resigned 2025-10-07
Resigned
EVANS, Richard John→
secretary · appointed 2005-04-04 · resigned 2006-03-13
Resigned
MOORE, Lisa Marie→
secretary · appointed 2006-03-13 · resigned 2007-04-16
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 2005-04-04 · resigned 2005-04-04
Resigned
EVANS, Jill→
director · ~68y · appointed 2007-04-16 · resigned 2025-10-07
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 2005-04-04 · resigned 2005-04-04
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Frank Arthur Simms and Patricia Ann Simms
Rent deposit deed1 property02/09/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-20
termination-director-company-with-name-termination-date
officers · TM01
2025-10-07
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-07
appoint-person-director-company-with-name-date
officers · AP01
2025-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-05