INVERCARS LIMITED

🌳Matureactive
SC104054 · ltd · incorporated 1987-04-08
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 38.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-50.9k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 38.5y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 38.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (76/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
101 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £50,862

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£51k
↑ 17% YoY
Current Assets
£243k
~ YoY
Current Liabilities
—
-£61k-£590£60k£121k£182k£243kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-50.9k£-61.4k
Current assets£242.6k£240.6k
Net assets£-50.9k£-61.4k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-01-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2020-01-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2020-01-30
    🔓
    Charge satisfied #3
  10. 2020-01-30
    🔓
    Charge satisfied #1
  11. 2019-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-13
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2018-01-13
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  15. 2018-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-12-15
    ➕
    WELL ACCOUNTS LTD appointed
    corporate-secretary
  17. 2017-12-15
    ➖
    MONAGHAN, Louise resigned
    secretary
  18. 2017-01-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2016-02-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2002-05-01
    ➖
    BOYD, William Thomson resigned
    secretary
  21. 2002-05-01
    ➕
    MONAGHAN, Louise appointed
    secretary
  22. 1996-06-20
    🔓
    Charge satisfied #4
  23. 1990-11-27
    🔒
    Charge registered #4
    Lender: N W S Trust LTD
  24. 1990-08-06
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  25. 1987-11-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 1987-04-08
    🏢
    Company incorporated
    As INVERCARS LIMITED

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
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 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 39 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
NameSharesVoting rightsNature of controlNotified
Mr Ronald Alexander Ewart
Individual · British · DOB 08/1950 · age 76
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence06/04/2016

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

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
Incorporated1987-04-08
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

9 Trentham Court
Westhill
Inverness
IV2 5DF

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-28
Last: 2025-08-14

Officers (3 active · 2 resigned)

WELL ACCOUNTS LTD→
corporate-secretary · appointed 2017-12-15
View their other companies + combined net worth →
Active
EWART, Patricia Margaret→
director · ~77y
View their other companies + combined net worth →
Active
EWART, Ronald Alexander→
director · ~76y
View their other companies + combined net worth →
Active
BOYD, William Thomson→
secretary · resigned 2002-05-01
Resigned
MONAGHAN, Louise→
secretary · appointed 2002-05-01 · resigned 2017-12-15
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
N W S Trust
N W S Trust LTD
Bond & floating charge1 property27/11/199020/06/1996
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/08/199030/01/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/11/198730/01/2020

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-14
mortgage-satisfy-charge-full
mortgage · MR04
2020-01-30
mortgage-satisfy-charge-full
mortgage · MR04
2020-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2019-09-18