ADVANCE CAR SPECIALISTS LTD
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. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (72/100)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 | 2024-11-30 |
|---|---|
| Total assets | £953.6k |
| Current assets | £1.20M |
| Cash | £464.4k |
| Debtors | £740.0k |
| Net assets | £817.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (26 events)Click to expand
- 2026-02-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-25➖MEGHJI, Nilesh resigneddirector
- 2025-11-12📄accounts-amended-with-made-up-dateaccounts · AAMD
- 2025-08-29📄accounts-amended-with-made-up-dateaccounts · AAMD
- 2025-05-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-03-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-12📄capital-allotment-sharescapital · SH01
- 2025-03-12📄capital-allotment-sharescapital · SH01
- 2025-03-11📄gazette-notice-compulsorygazette · GAZ1
- 2024-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-11-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-11-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-19➕MEGHJI, Darshna Rajesh appointeddirector
- 2023-08-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-16📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-01➕MEGHJI, Minal Nilesh appointeddirector
- 2017-11-27🏢Company incorporatedAs ADVANCE CAR SPECIALISTS LTD
- 2017-11-27➕MEGHJI, Nilesh appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Nilesh Meghji Individual · British · DOB 05/1991 · age 35 | 25–50% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/11/2017 |
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.
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6 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 (2 active · 1 resigned)
Click a director name to see their full track record across all companies.