CARBAY LIMITED
💤Zombieactive
05509357 · ltd · incorporated 2005-07-15
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 17.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
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 (45 events)Click to expand
- 2025-12-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-01➖JONES, Robert Anthony resigneddirector
- 2025-11-24📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-18➕ROBINSON, Mark Allan appointeddirector
- 2025-10-11📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-11📄legacyaccounts · PARENT_ACC
- 2025-10-11📄legacyother · GUARANTEE2
- 2025-10-11📄legacyother · AGREEMENT2
- 2025-09-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-17📄legacyother · GUARANTEE2
- 2025-09-17📄legacyother · AGREEMENT2
- 2025-09-09➖ARMITAGE, Edward resigneddirector
- 2025-09-09➕JONES, Robert Anthony appointeddirector
- 2024-11-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31🔒Charge registered #5Lender: Endless LLP as Security Trustee
- 2024-08-23📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-08-23📄legacyaccounts · PARENT_ACC
- 2024-08-23📄legacyother · AGREEMENT2
- 2024-08-23📄legacyother · GUARANTEE2
- 2024-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-31➕ARMITAGE, Edward appointeddirector
- 2024-01-31➖BEHRENS, Scott Andrew Hardy resigneddirector
- 2024-01-31➖VAUGHAN, Laurence Edward William resigneddirector
- 2023-12-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-29🔓Charge satisfied #2
- 2023-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-21🔒Charge registered #4Lender: Endless LLP
- 2023-10-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-05🔒Charge registered #3Lender: Df Capital Bank Limited
- 2022-02-11➖CHEETHAM, Tracey resignedsecretary
- 2022-02-11➕BEHRENS, Scott Andrew Hardy appointeddirector
- 2022-02-11➖CHEETHAM, Gary resigneddirector
- 2022-02-11➕VAUGHAN, Laurence Edward William appointeddirector
- 2022-02-11🔒Charge registered #2Lender: National Westminster Bank PLC
- 2021-11-23🔓Charge satisfied #1
- 2009-05-12🔒Charge registered #1Lender: National Westminster Bank PLC
- 2006-06-19➖BOOTH, James resigneddirector
- 2005-07-15🏢Company incorporatedAs CARBAY LIMITED
- 2005-07-15➕CHEETHAM, Tracey appointedsecretary
- 2005-07-15➕BOOTH, James appointeddirector
- 2005-07-15➕CHEETHAM, Gary appointeddirector
Owner dependency
83/100
Critical — business is the founderThe 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.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: ARMITAGE, Edward resigned 2025-09-09; JONES, Robert Anthony resigned 2025-12-01
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Superbike Factory Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Superbike Factory Limited
Corporate parent · holds 75-100% shares · board control
⬇
CARBAY LIMITED
This company · 05509357
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 |
|---|---|---|---|---|
Superbike Factory Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 11/02/2022 |
2 historic (ceased) PSCs
- Mr Gary Cheethamceased 11/02/2022· 25-50% shares · 25-50% voting
- Ms Tracie Cheethamceased 11/02/2022· 25-50% shares · 25-50% voting
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 →Similar companies
Active · Automotive · SK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLUE EDGE TRADING LIMITED→ 15737943 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BUS 2 HGV LTD→ 12357722 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BUYSELL CAR GLOBALLY LTD→ 12137749 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CAPITAL AND GENERAL OMNIBUS COMPANY LIMITED(THE)→ 00955340 · est 1969 · no financials extracted | — | — | — | — | 56y | — | — |
| CAR DONOR LIMITED→ 15669527 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| CAR SEARCH 2020 LIMITED→ 12405563 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| CAR SURGERY CONSULTANCY LTD→ 07840952 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| CARBON PRESTIGE LTD→ 13261954 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CARBON-JL LTD→ 11979701 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CARDRIVE LTD→ 17040667 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CARFIRST LTD→ 07045796 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| CARFLEETER LTD→ 16761308 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2005-07-15
Jurisdictionengland-wales
Primary SIC45112 — SIC 45112
Registered office
C/O Superbike Factory Limited
Snape Road
Macclesfield
Cheshire
SK10 2NZ
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16
Officers (1 active · 7 resigned)
ROBINSON, Mark Allan→
Activedirector · ~61y · appointed 2025-11-18
View their other companies + combined net worth →
CHEETHAM, Tracey→
Resignedsecretary · appointed 2005-07-15 · resigned 2022-02-11
ARMITAGE, Edward→
Resigneddirector · ~52y · appointed 2024-01-31 · resigned 2025-09-09
BEHRENS, Scott Andrew Hardy→
Resigneddirector · ~45y · appointed 2022-02-11 · resigned 2024-01-31
BOOTH, James→
Resigneddirector · ~61y · appointed 2005-07-15 · resigned 2006-06-19
CHEETHAM, Gary→
Resigneddirector · ~53y · appointed 2005-07-15 · resigned 2022-02-11
JONES, Robert Anthony→
Resigneddirector · ~50y · appointed 2025-09-09 · resigned 2025-12-01
VAUGHAN, Laurence Edward William→
Resigneddirector · ~63y · appointed 2022-02-11 · resigned 2024-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Endless as Security Trustee Endless LLP as Security Trustee | A registered charge | — | 31/10/2024 | — | |
| outstanding | Endless Endless LLP | A registered charge | — | 21/12/2023 | — | |
| outstanding | Df Capital Bank Df Capital Bank Limited | A registered charge | — | 05/12/2022 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 11/02/2022 | 29/12/2023 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 12/05/2009 | 23/11/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
change-person-director-company-with-change-date
officers · CH01
2025-11-24
appoint-person-director-company-with-name-date
officers · AP01
2025-11-20
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-11
legacy
accounts · PARENT_ACC
2025-10-11
legacy
other · GUARANTEE2
2025-10-11
legacy
other · AGREEMENT2
2025-10-11
appoint-person-director-company-with-name-date
officers · AP01
2025-09-23
termination-director-company-with-name-termination-date
officers · TM01
2025-09-23
legacy
other · GUARANTEE2
2025-09-17
legacy
other · AGREEMENT2
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-04
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-08-23
legacy
accounts · PARENT_ACC
2024-08-23