1ST TIME SCHOOL OF MOTORING LTD
Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (78/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £233.4k | £222.0k |
| Current assets | £360.8k | £316.9k |
| Cash | £360.8k | £316.8k |
| Debtors | — | £101 |
| Net assets | £233.4k | £222.0k |
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
- • 2 gazette
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (23 events)Click to expand
- 2026-04-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-20📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-01-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-01-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-01-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-01-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-12-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-11-22➕HARRIS, Karen Lorraine appointeddirector
- 2018-11-22➖BARKLEY, Christopher resigneddirector
- 2018-11-22➕HARRIS, Karen Lorraine appointeddirector
- 2018-11-22➖HARRIS, Karen Lorraine resigneddirector
- 2018-11-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2014-10-24🏢Company incorporatedAs 1ST TIME SCHOOL OF MOTORING LTD
- 2014-10-24➕BARKLEY, Christopher 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.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Karen Lorraine Harris Individual · British · DOB 06/1963 · age 63 | 75–100% | — | 75-100% shares | 11/12/2018 |
2 historic (ceased) PSCs
- Mrs Karen Lorraine Harrisceased 11/12/2018· significant influence
- Mr Christopher Barkleyceased 22/11/2018· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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 · 2 resigned)
Click a director name to see their full track record across all companies.