1ST PERFORMANCE & EXHAUSTS LIMITED

💤Zombieactive

10226027 · ltd · incorporated 2016-06-10

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

—

year to Mar 2025

Net worth

£-4.7k

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 45200

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (69/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

8 officers (2 active, 8 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

44 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £4,701

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

-£5k

Current Assets

£90k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-03-31
Total assets	£-2.9k
Current assets	£90.4k
Net assets	£-4.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-01-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-27
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2022-07-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-04-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-30
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-08-05
➕
BAXTER, Emma Jane appointed
secretary
2019-08-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-05-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-31
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-08-08
➖
CARTER, Robert Anthony resigned
director
2018-08-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-06-29
➕
CARTER, Robert Anthony appointed
director
2018-06-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-06-22
➖
CARTER, Robert Anthony resigned
director
2018-06-22
➖
CARTER, Valerie Ann resigned
director
2018-02-21
➕
RASHED, Sahkar appointed
director
2018-01-13
➖
JACKSON, Emma Jane resigned
secretary
2017-02-01
➕
CARTER, Robert Anthony appointed
director
2017-02-01
➕
CARTER, Valerie Ann appointed
director
2017-02-01
➖
HALE-SUTTON, Adam William resigned
director
2016-09-05
➕
JACKSON, Emma Jane appointed
secretary
2016-06-15
➖
CARTER, Robert Anthony resigned
director
2016-06-10
🏢
Company incorporated
As 1ST PERFORMANCE & EXHAUSTS LIMITED
2016-06-10
➕
CARTER, Robert Anthony appointed
director
2016-06-10
➕
HALE-SUTTON, Adam William appointed
director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Sahkar Rashed Individual · Iraqi · DOB 01/1978 · age 48	75–100%	75–100%	75-100% shares · 75-100% voting	01/04/2018

2 historic (ceased) PSCs

Mr Robert Anthony Carterceased 01/04/2018· 25-50% shares · 25-50% voting
Mrs Valerie Ann Carterceased 01/04/2018· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Automotive · NR postcode area

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100-106 BER STREET NORWICH LIMITED→ 15841683 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
1ST CHOICE SPARES UK LIMITED→ 05867409 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
1ST CLASS CARS LIMITED→ 11433533 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
4K WRAPS LIMITED→ 17024511 · est 2026 · no financials extracted	—	—	—	—	—	—	—
A & I CAR WASH LTD→ 13732884 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
A AND X AUTO GARAGE LIMITED→ 09520033 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
A D NICHOLSON LTD→ 16384272 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
A&A MINI SPECIALIST LTD→ 13315496 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
A1 ADAS SOLUTIONS LIMITED→ 13554603 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AAA MOTOR SERVICES LIMITED→ 11151902 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
AB MOBILE MECHANICS LTD→ 15296937 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AB MOTORS CAR SALE LTD→ 16447950 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2016-06-10

Jurisdictionengland-wales

Primary SIC45200 — SIC 45200

Registered office

Unit 5 Aylsham Way

Norwich

Norfolk

NR3 2RF

United Kingdom

Filing status

Accounts

Next due: 2026-12-29

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-01

Last: 2025-07-18

Officers (2 active · 6 resigned)

BAXTER, Emma Jane→

secretary · appointed 2019-08-05

View their other companies + combined net worth →

Active

RASHED, Sahkar→

director · ~48y · appointed 2018-02-21

View their other companies + combined net worth →

Active

JACKSON, Emma Jane→

secretary · appointed 2016-09-05 · resigned 2018-01-13

Resigned

CARTER, Robert Anthony→

director · ~66y · appointed 2018-06-29 · resigned 2018-08-08

Resigned

CARTER, Robert Anthony→

director · ~66y · appointed 2017-02-01 · resigned 2018-06-22

Resigned

CARTER, Robert Anthony→

director · ~66y · appointed 2016-06-10 · resigned 2016-06-15

Resigned

CARTER, Valerie Ann→

director · ~76y · appointed 2017-02-01 · resigned 2018-06-22

Resigned

HALE-SUTTON, Adam William→

director · ~47y · appointed 2016-06-10 · resigned 2017-02-01

Resigned

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

Recent filings (44 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-01-29

change-account-reference-date-company-previous-shortened

accounts · AA01

2025-12-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-07

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-08-23

accounts-with-accounts-type-micro-entity

accounts · AA

2024-03-28

change-account-reference-date-company-previous-shortened

accounts · AA01

2023-12-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-08-29

accounts-with-accounts-type-micro-entity

accounts · AA

2023-03-29

change-account-reference-date-company-previous-extended

accounts · AA01

2023-03-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-08-07

change-person-secretary-company-with-change-date

officers · CH03

2022-07-13

accounts-with-accounts-type-micro-entity

accounts · AA

2022-04-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-08-12

accounts-with-accounts-type-micro-entity

accounts · AA

2021-03-29