TAS RACING LTD

🌳Matureactive

NI040312 · ltd · incorporated 2001-02-28

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 18.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£715.2k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other sports activities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 18.5y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 18.5 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (3 active, 4 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

65 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £715,151

Cash YoY

-1%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£156k

↓ 1.4% YoY

Net Worth

£715k

↑ 30% YoY

Current Assets

£709k

↑ 30% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£726.9k	£569.5k
Current assets	£709.4k	£546.8k
Cash	£156.4k	£158.7k
Debtors	£531.0k	£355.6k
Net assets	£715.2k	£548.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-08
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2019-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-09-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-09-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-11-15
🔒
Charge registered #1
Lender: Ulster Bank Limited
2001-02-28
🏢
Company incorporated
As TAS RACING LTD
2001-02-28
➕
NEILL, Phillip appointed
secretary
2001-02-28
➕
NEILL, Phillip appointed
director
2001-02-28
➕
NEILL, Robert James appointed
director
2001-02-28
➕
PALMER, Robert Desmond appointed
director
2001-02-28
➖
PALMER, Robert Desmond resigned
director

Owner dependency

91/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Philip Neill Individual · British · DOB 02/1968 · age 58	25–50%	—	25-50% shares	01/01/2017

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.

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Similar companies

Active · Leisure & entertainment · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OASIS TRAVEL (N.I.) LIMITED→ NI017848 · est 1984	£2.17M £1.69M–£2.65M	£37.79M	—	6200	41y	84	67y
HIGHPOINT ADVENTURE MANAGEMENT LTD→ NI055451 · est 2005	£231.4k £180.0k–£282.9k	£147.0k	—	200	20y	100	53y
ARAS CHOLMCILLE TRUST→ NI047957 · est 2003 · no financials extracted	—	—	—	—	22y	83	77y
BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION→ NI056389 · est 2005 · no financials extracted	—	—	—	—	20y	83	77y
BELFAST CITY SIGHTSEEING LIMITED→ NI601088 · est 2009	—	—	—	—	16y	83	58y
BLOODY SUNDAY TRUST - THE→ NI038789 · est 2000	—	—	—	6	25y	83	79y
BREADY & DISTRICT ULSTER-SCOTS DEVELOPMENT ASSOCIATION→ NI046528 · est 2003 · no financials extracted	—	—	—	—	23y	83	66y
CLOGHER VALLEY COMMUNITY CENTRE→ NI060131 · est 2006 · no financials extracted	—	—	—	—	19y	83	70y
COACHING FOR CHRIST LTD.→ NI058166 · est 2006 · no financials extracted	—	—	—	—	20y	83	69y
DERRY THEATRE TRUST→ NI031527 · est 1996 · no financials extracted	—	—	—	—	29y	83	79y
DRUMDUFF & DRUMNAKILLY COMMUNITY ASSOCIATION→ NI041624 · est 2001 · no financials extracted	—	—	—	—	24y	83	80y
EGLINTON COMMUNITY→ NI033183 · est 1997	—	—	—	3	28y	83	82y

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.

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Company details

Statusactive

Typeltd

Incorporated2001-02-28

Jurisdictionnorthern-ireland

Primary SIC93199 — Other sports activities

Registered office

31a Moneyhaw Road

Moneymore

Co Londonderry

BT45 7XL

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-09

Last: 2026-02-23

Officers (3 active · 1 resigned)

NEILL, Phillip→

secretary · appointed 2001-02-28

View their other companies + combined net worth →

Active

NEILL, Phillip→

director · ~58y · appointed 2001-02-28

View their other companies + combined net worth →

Active

NEILL, Robert James→

director · ~84y · appointed 2001-02-28

View their other companies + combined net worth →

Active

PALMER, Robert Desmond→

director · ~85y · appointed 2001-02-28 · resigned 2001-02-28

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	NatWest Group Ulster Bank Limited	Debenture	1 property	15/11/2007	—

Click column headers to sort. Use filters above to narrow by status and lender.