AB RACE CRUISERS LIMITED
- 45190SIC 45190
- 49410Freight transport by road
Opportunity 73/100 (strong), bankability 80/100. 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 (58/100).
Refinance opportunity
1 live charge · oldest 7.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (73/100)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
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 |
|---|---|
| Total assets | £759.6k |
| Current assets | £677.4k |
| Cash | £303.3k |
| Debtors | £138.9k |
| Net assets | £759.6k |
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 confirmation-statement
Corporate timeline (19 events)Click to expand
- 2025-06-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-11-18📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-07-02📄change-person-director-company-with-change-dateofficers · CH01
- 2021-07-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-06📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-17📄change-person-director-company-with-change-dateofficers · CH01
- 2019-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-04-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-07-03🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2017-07-05🏢Company incorporatedAs AB RACE CRUISERS LIMITED
- 2017-07-05➕BIRKS, Jonathan 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.
- +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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jonathan Birks Individual · British · DOB 07/1988 · age 38 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · trust interest · firm interest | 05/07/2017 |
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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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 03/07/2018 | — |