1ST CHOICE CAR AND BODY REPAIRS LIMITED

💤Zombieactive
10464230 · ltd · incorporated 2016-11-07
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
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Turnover
year to Mar 2025
Net worth
£-164.3k
book net assets
Opportunity
76/100
Strong
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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 76/100 (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: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £164,316

Key financials

2 years extracted from filed iXBRL accounts
Cash
£57k
Net Worth
-£164k
Current Assets
Current Liabilities
-£164k-£120k-£76k-£31k£13k£57kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Cash£57.1k
Net assets£-164.3k
Average employees900

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-01
    📄
    withdrawal-of-the-persons-with-significant-control-register-information-from-the-public-register
    persons-with-significant-control · EW04
  3. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-11-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-11-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-25
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2021-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-06-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2021-04-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-03-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-02-15
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  17. 2019-01-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2017-10-16
    NUNN, Bobby resigned
    director
  19. 2016-11-07
    🏢
    Company incorporated
    As 1ST CHOICE CAR AND BODY REPAIRS LIMITED
  20. 2016-11-07
    HORSEY, Sean Robert appointed
    director
  21. 2016-11-07
    NUNN, Bobby appointed
    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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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%
NameSharesVoting rightsNature of controlNotified
Mr Sean Robert Horsey
Individual · British · DOB 09/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/11/2016

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 →

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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
Incorporated2016-11-07
Jurisdictionengland-wales
Primary SIC45200 — SIC 45200

Registered office

Century House
Wargrave Road
Henley-On-Thames
RG9 2LT
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (1 active · 1 resigned)

HORSEY, Sean Robert
director · ~62y · appointed 2016-11-07
View their other companies + combined net worth →
Active
NUNN, Bobby
director · ~64y · appointed 2016-11-07 · resigned 2017-10-16
Resigned

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

Recent filings (32 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-05
withdrawal-of-the-persons-with-significant-control-register-information-from-the-public-register
persons-with-significant-control · EW04
2025-09-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-30
change-person-director-company-with-change-date
officers · CH01
2022-11-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-24
gazette-filings-brought-up-to-date
gazette · DISS40
2021-06-25