KERR AND SMITH (CUMNOCK) LIMITED

🌳Matureactive
SC106800 · ltd · incorporated 1987-09-22
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
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Sale of new cars and light motor vehicles
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45112SIC 45112
  • 45200SIC 45200
  • 45320Retail trade of motor vehicle parts and accessories
Investor take
Pursue
Conservative operator with a 62-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

10 live charges · 8 lenders · oldest 37.2y

45/100
clean up first

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

  • · Oldest live charge is 37.2 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 8 with DOB)
88
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
162 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 102
Profitable
Profit before tax £252,505

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31
Profit before tax£252.5k—
Average employees34003200

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

🔒Filing-note intelligence

3 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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-28
    ➖
    SMITH, James Taylor resigned
    secretary
  6. 2022-04-28
    ➖
    SMITH, Audrey resigned
    director
  7. 2022-04-28
    ➖
    SMITH, James Taylor resigned
    director
  8. 2022-04-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2022-04-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2022-04-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-04-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2022-04-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-04-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-28
    📄
    accounts-with-accounts-type-group
    accounts · AA
  17. 2018-07-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2018-07-20
    🔓
    Charge satisfied #1
  19. 2018-05-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2018-05-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2018-05-17
    🔓
    Charge satisfied #12
  22. 2018-05-17
    🔓
    Charge satisfied #11
  23. 2018-04-18
    📄
    accounts-with-accounts-type-group
    accounts · AA
  24. 2018-02-09
    ➖
    KERR, Jeanette resigned
    director
  25. 2018-02-09
    ➖
    KERR, William resigned
    director
  26. 2017-05-22
    ➖
    KERR, Paul resigned
    director
  27. 2017-05-22
    ➖
    SMITH, Chester resigned
    director
  28. 2012-12-07
    🔓
    Charge satisfied #8
  29. 2012-11-06
    🔒
    Charge registered #12
    Lender: Rbs Invoice Finance Limited
  30. 2012-10-11
    🔒
    Charge registered #11
    Lender: James Taylor Smith as Trustee & Others
  31. 2008-04-01
    ➕
    KERR, Paul appointed
    director
  32. 2008-04-01
    ➕
    SMITH, Chester appointed
    director
  33. 2007-10-01
    ➕
    MCCLURE, Donna Elizabeth appointed
    director
  34. 2007-10-01
    ➕
    SMITH, William appointed
    director
  35. 2005-09-30
    🔓
    Charge satisfied #10
  36. 2005-09-30
    🔓
    Charge satisfied #7
  37. 2005-09-30
    🔓
    Charge satisfied #6
  38. 2005-09-30
    🔓
    Charge satisfied #5
  39. 2004-06-02
    🔒
    Charge registered #10
    Lender: East Ayrshire Council
  40. 2002-08-23
    🔓
    Charge satisfied #9
  41. 2000-02-11
    🔓
    Charge satisfied #2
  42. 1999-11-12
    🔒
    Charge registered #9
    Lender: General Motors Acceptance Corporation (UK) PLC
  43. 1998-07-14
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  44. 1997-05-28
    🔒
    Charge registered #7
    Lender: Texaco Limited
  45. 1992-07-07
    🔒
    Charge registered #6
    Lender: Texaco Limited
  46. 1991-05-10
    🔒
    Charge registered #5
    Lender: Cumnock and Doon Valley District Council
  47. 1989-12-02
    🔒
    Charge registered #2
    Lender: Lombard North Central PLC
  48. 1989-02-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  49. 1988-10-26
    ➕
    SMITH, Audrey appointed
    director
  50. 1987-09-22
    🏢
    Company incorporated
    As KERR AND SMITH (CUMNOCK) LIMITED

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.
  • +Founder name in company name: Company name contains director surname "SMITH" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

69/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 39 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

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.

Group structure

W & J Smith Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
W & J Smith Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
KERR AND SMITH (CUMNOCK) LIMITED
This company · SC106800

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
W & J Smith Holdings Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control22/07/2021
Mr William Smith
Individual · British · DOB 04/1974 · age 52
——sig. influencesignificant influence28/04/2022
2 historic (ceased) PSCs
  • Mr James Taylor Smithceased 28/04/2022· 25-50% shares
  • Mr William Kerrceased 09/02/2018· 25-50% shares

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.

See pricing →

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

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 →
🔒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
Incorporated1987-09-22
Jurisdictionscotland
Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

Riverside Garage
Ayr Road
Cumnock
Ayrshire
KA18 1BJ

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-05-12
Last: 2025-04-28

Officers (2 active · 7 resigned)

MCCLURE, Donna Elizabeth→
director · ~62y · appointed 2007-10-01
View their other companies + combined net worth →
Active
SMITH, William→
director · ~52y · appointed 2007-10-01
View their other companies + combined net worth →
Active
SMITH, James Taylor→
secretary · resigned 2022-04-28
Resigned
KERR, Jeanette→
director · ~79y · resigned 2018-02-09
Resigned
KERR, Paul→
director · ~54y · appointed 2008-04-01 · resigned 2017-05-22
Resigned
KERR, William→
director · ~81y · resigned 2018-02-09
Resigned
SMITH, Audrey→
director · ~71y · appointed 1988-10-26 · resigned 2022-04-28
Resigned
SMITH, Chester→
director · ~56y · appointed 2008-04-01 · resigned 2017-05-22
Resigned
SMITH, James Taylor→
director · ~72y · resigned 2022-04-28
Resigned

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

Mortgages & charges

10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property06/11/201217/05/2018
satisfied
James Taylor Smith as Trustee & Others
Standard security1 property11/10/201217/05/2018
satisfied
East Ayrshire Council
Floating charge1 property02/06/200430/09/2005
satisfied
General Motors Acceptance Corporation (UK)
General Motors Acceptance Corporation (UK) PLC
Bond & floating charge1 property12/11/199923/08/2002
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/07/199807/12/2012
satisfied
Texaco
Texaco Limited
Standard security1 property28/05/199730/09/2005
satisfied
Texaco
Texaco Limited
Standard security1 property07/07/199230/09/2005
satisfied
Cumnock and Doon Valley District Council
Standard security1 property10/05/199130/09/2005
satisfied
Lombard North Central
Lombard North Central PLC
Bond & floating charge1 property02/12/198911/02/2000
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property24/02/198920/07/2018

Recent filings (162 total)

accounts-with-accounts-type-full
accounts · AA
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-28
termination-director-company-with-name-termination-date
officers · TM01
2022-04-28
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-28
termination-director-company-with-name-termination-date
officers · TM01
2022-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-05