NORTH EAST TYRE & AUTO LIMITED

⚰️Wound downdissolved
SC165410 · ltd · incorporated 1996-05-07
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2023
Net worth
£14.4k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45320Retail trade of motor vehicle parts and accessories
Investor take
Special-situation opportunity
Distressed automotive with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 29.5y

65/100
clean up first

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

  • · Oldest live charge is 29.5 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: medium (69/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £14,420

Key financials

1 year extracted from filed iXBRL accounts
Cash
£6k
Net Worth
£14k
Current Assets
£21k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-02-28
Total assets£14.4k
Current assets£21.2k
Cash£6.3k
Debtors£14.8k
Net assets£14.4k

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 (35 events)Click to expand
  1. 2023-10-10
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2023-10-10
    🏁
    Company dissolved
  3. 2023-07-25
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2023-07-13
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-02-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-02
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  12. 2019-08-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2019-08-01
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE LLP appointed
    corporate-secretary
  14. 2019-07-31
    ➖
    RAEBURN CHRISTIE CLARK & WALLACE resigned
    corporate-secretary
  15. 2019-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-02-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2016-02-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2015-05-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2015-02-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  22. 2011-03-02
    ➖
    JAMES AND GEORGE COLLIE resigned
    corporate-secretary
  23. 2011-03-02
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE appointed
    corporate-secretary
  24. 2004-12-13
    ➖
    HUGHES, Robert resigned
    director
  25. 2003-07-11
    ➖
    BARRON, Adrian John resigned
    director
  26. 2002-09-12
    ➕
    BARRON, Adrian John appointed
    director
  27. 1997-11-26
    ➖
    REID, Leslie Joseph resigned
    director
  28. 1996-11-25
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  29. 1996-05-07
    🏢
    Company incorporated
    As NORTH EAST TYRE & AUTO LIMITED
  30. 1996-05-07
    ➕
    LAING, Ian James appointed
    director
  31. 1996-05-07
    ➕
    JAMES AND GEORGE COLLIE appointed
    corporate-secretary
  32. 1996-05-07
    ➕
    HUGHES, Robert appointed
    director
  33. 1996-05-07
    ➕
    REID, Leslie Joseph appointed
    director
  34. 1996-05-07
    ➕
    BONSQUARE NOMINEES LIMITED appointed
    corporate-director
  35. 1996-05-07
    ➖
    BONSQUARE NOMINEES LIMITED resigned
    corporate-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-10-10

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Jan Laing
Individual · British · DOB 10/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Ian James Laing
Individual · British · DOB 09/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

9 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

Statusdissolved
Typeltd
Incorporated1996-05-07
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

12-16 Albyn Place
Aberdeen
AB10 1PS

Filing status

Accounts
Next due: —
Last made up to: 2023-02-28
Confirmation statement
Next due: —
Last: —

Officers (0 active · 6 resigned)

RAEBURN CHRISTIE CLARK & WALLACE LLP→
corporate-secretary · appointed 2019-08-01
View their other companies + combined net worth →
Active
LAING, Ian James→
director · ~67y · appointed 1996-05-07
View their other companies + combined net worth →
Active
JAMES AND GEORGE COLLIE→
corporate-secretary · appointed 1996-05-07 · resigned 2011-03-02
Resigned
RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 2011-03-02 · resigned 2019-07-31
Resigned
BARRON, Adrian John→
director · ~62y · appointed 2002-09-12 · resigned 2003-07-11
Resigned
HUGHES, Robert→
director · ~73y · appointed 1996-05-07 · resigned 2004-12-13
Resigned
REID, Leslie Joseph→
director · ~67y · appointed 1996-05-07 · resigned 1997-11-26
Resigned
BONSQUARE NOMINEES LIMITED→
corporate-director · appointed 1996-05-07 · resigned 1996-05-07
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
Floating charge1 property25/11/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (87 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2023-10-10
gazette-notice-voluntary
gazette · GAZ1(A)
2023-07-25
dissolution-application-strike-off-company
dissolution · DS01
2023-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-12
appoint-corporate-secretary-company-with-name-date
officers · AP04
2019-08-02
termination-secretary-company-with-name-termination-date
officers · TM02
2019-08-02