ASK CAR SALES LTD
Opportunity 67/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-06-30 |
|---|---|
| Average employees | 0 |
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
- • 1 accounts
- • 1 accounts
Corporate timeline (17 events)Click to expand
- 2026-03-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-04-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-03-31🏢Company incorporatedAs ASK CAR SALES LTD
- 2011-03-31➕MATHARU, Kulvinder appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-19
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kulvinder Matharu Individual · British · DOB 04/1973 · age 53 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 0 resigned)
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