1ST GEAR MOTORS NORTH EAST LTD
Opportunity 63/100 (worth a look), 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 (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £437.4k | £337.0k |
| Current assets | £499.3k | £400.1k |
| Cash | £208.4k | £178.2k |
| Debtors | £2.8k | £3.3k |
| Net assets | £67.7k | £58.6k |
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
Corporate timeline (15 events)Click to expand
- 2025-11-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2017-05-04🏢Company incorporatedAs 1ST GEAR MOTORS NORTH EAST LTD
- 2017-05-04➕MIAH, Foysol appointeddirector
- 2017-05-04📄incorporation-companyincorporation · NEWINC
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.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-16
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Foysol Miah Individual · British · DOB 01/1976 · age 50 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/05/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| 5 STAR TYRES AND SERVICES LIMITED→ 16672196 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| A.M EXECUTIVE CARS LIMITED→ 15954686 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A14 TYRES LIMITED→ 03768991 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| AARON'S MOBILE VEHICLE REPAIRS LTD→ 10474840 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ABRA MOT CENTRE LIMITED→ 05800471 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ABS CAR SALES LTD→ 15353317 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACS SERVICES N.E LTD→ 15750904 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADAIR AUTOMOTIVE LTD→ 16648128 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFFORDABLE CARS NORTH EAST LTD→ 14660203 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| AJ CARS NE LTD→ 16368174 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AJC CAR SALES LTD→ 12224878 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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)
Click a director name to see their full track record across all companies.