LEASK MOTOR GARAGE (LERWICK) LIMITED

💤Zombieactive
SC053883 · ltd · incorporated 1973-08-27
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Sale of new cars and light motor vehicles
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (65/100, director aged 58). 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).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 51.4y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 51.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees700600

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-03-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-04
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2025-07-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-01-29
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2025-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-03-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-04-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-03-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-07-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2017-01-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2016-12-20
    ➕
    LEASK, Linda appointed
    secretary
  17. 2015-12-23
    ➖
    TULLOCH, Alexis resigned
    director
  18. 2009-10-26
    ➖
    LEASK, Thomas Alan resigned
    secretary
  19. 2009-10-26
    ➖
    LEASK, Thomas Alan resigned
    director
  20. 2008-08-16
    🔓
    Charge satisfied #4
  21. 2008-08-16
    🔓
    Charge satisfied #1
  22. 2005-06-18
    🔓
    Charge satisfied #3
  23. 2001-07-16
    🔒
    Charge registered #4
    Lender: Fce Bank PLC
  24. 1993-11-22
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  25. 1993-07-26
    🔓
    Charge satisfied #2
  26. 1991-12-31
    ➖
    LEASK, Judith L resigned
    director
  27. 1977-03-17
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  28. 1975-01-16
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  29. 1973-08-27
    🏢
    Company incorporated
    As LEASK MOTOR GARAGE (LERWICK) LIMITED

Owner dependency

98/100
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.
  • +Founder name in company name: Company name contains director surname "LEASK" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 53 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Leask
Individual · British · DOB 10/1968 · age 58
75–100%
—75-100% shares06/04/2016

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

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BIXTER GARAGE LIMITED→
SC362464 · est 2009
———416y8269y
BRAE GARAGE (SHETLAND) LIMITED→
SC181649 · est 1997
——£742.5k—28y8265y
BURGESS GARAGE (SHETLAND) UNLIMITED→
SC376444 · est 2010 · no financials extracted
————16y8288y
J.R.J. SHETLAND LIMITED→
SC219234 · est 2001
———1125y8261y
AITH GARAGE LIMITED→
SC367818 · est 2009
——£154.9k—16y8065y
LERWICK AUTOBODY LIMITED→
SC428384 · est 2012
———613y8067y
M.R. GAIR LTD→
SC493942 · est 2014
———811y7966y
BESPOKE MOTOR CLASSICS LIMITED→
SC804983 · est 2024
——£186—2y7559y
BURRA MOTOR REPAIRS LIMITED→
SC442953 · est 2013
———50013y7553y
JIM'S GARAGE(SHETLAND) LIMITED→
SC083633 · est 1983 · no financials extracted
————42y7571y
R ROBERTSON & SON LTD→
SC492471 · est 2014
——£639.8k—11y7445y
JOHNSTON MATERIALS LTD→
SC458675 · est 2013
————12y7343y
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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1973-08-27
Jurisdictionscotland
Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

Lower Blackhill Industrial Estate
Gremista
Lerwick
Shetland
ZE1 0DG
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (2 active · 4 resigned)

LEASK, Linda→
secretary · appointed 2016-12-20
View their other companies + combined net worth →
Active
LEASK, Andrew→
director · ~58y
View their other companies + combined net worth →
Active
LEASK, Thomas Alan→
secretary · resigned 2009-10-26
Resigned
LEASK, Judith L→
director · resigned 1991-12-31
Resigned
LEASK, Thomas Alan→
director · ~98y · resigned 2009-10-26
Resigned
TULLOCH, Alexis→
director · ~83y · resigned 2015-12-23
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Fce Bank
Fce Bank PLC
Bond & floating charge1 property16/07/200116/08/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/11/199318/06/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property17/03/197726/07/1993
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
G r s (orkney & zetland) standard security1 property16/01/197516/08/2008

Recent filings (113 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-04
change-person-secretary-company-with-change-date
officers · CH03
2026-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
change-person-secretary-company-with-change-date
officers · CH03
2025-01-29
change-person-director-company-with-change-date
officers · CH01
2025-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03