AUTOROUTE PASS PAIEMENT LTD

🌱Startupactive
16370046 · ltd · incorporated 2025-04-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47910Retail sale via mail order houses or via Internet
  • 62012Business and domestic software development
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), 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: 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: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 confirmation-statement
  • 1 change-of-name
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 change-of-name
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-03-03
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2025-09-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  3. 2025-09-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-04-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-04-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-04-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-04-07
    🏢
    Company incorporated
    As AUTOROUTE PASS PAIEMENT LTD
  8. 2025-04-07
    MISHEV, Raycho Asenov appointed
    director
  9. 2025-04-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Young company: Only 1.1 years old — management layer unlikely to be developed.

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

1 med · 1 low
Name changed 2 times
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-03-03: certificate-change-of-name-company; 2025-09-17: certificate-change-of-name-company

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Raycho Asenov Mishev
Individual · Bulgarian · DOB 07/1964 · age 62
75100%
75–100%board control75-100% shares · 75-100% voting · board control07/04/2025

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2025-04-07
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

55 Beverley Close
Gillingham
ME8 9HQ
England

Filing status

Accounts
Next due: 2027-01-07
Last made up to:
Confirmation statement
Next due: 2027-05-09
Last: 2026-04-25

Officers (1 active · 0 resigned)

MISHEV, Raycho Asenov
director · ~62y · appointed 2025-04-07
View their other companies + combined net worth →
Active

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

Recent filings (9 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
certificate-change-of-name-company
change-of-name · CERTNM
2026-03-03
certificate-change-of-name-company
change-of-name · CERTNM
2025-09-17
change-person-director-company-with-change-date
officers · CH01
2025-09-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-23
incorporation-company
incorporation · NEWINC
2025-04-07