CITY TYRES & EXHAUSTS LIMITED

💤Zombieactive
SC186944 · ltd · incorporated 1998-06-19
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 Nov 2024
Net worth
£193.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 80-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 80). 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

2 live charges · oldest 26.2y

45/100
under pressure

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

  • · Oldest live charge is 26.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 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
69 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 £192,954
Net assets shrinking
Down £8,907 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£193k
↓ 4.4% YoY
Current Assets
£37k
↓ 8.0% YoY
Current Liabilities
—
£0£40k£81k£121k£161k£202kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£190.9k£110.8k
Current assets£36.8k£40.0k
Net assets£193.0k£201.9k

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

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 (23 events)Click to expand
  1. 2025-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-09-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-08-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2019-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-08-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-08-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-07-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-03-06
    🔓
    Charge satisfied #1
  18. 2012-11-01
    🔓
    Charge satisfied #2
  19. 2002-05-09
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  20. 2000-02-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 1998-06-19
    🏢
    Company incorporated
    As CITY TYRES & EXHAUSTS LIMITED
  22. 1998-06-19
    ➕
    ALLAUN, Elizabeth Ann appointed
    secretary
  23. 1998-06-19
    ➕
    ALLAUN, Derek Roy appointed
    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 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.
  • +No director turnover: Company is 28 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

100/100
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 80 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Derek Roy Allaun
Individual · British · DOB 06/1946 · age 80
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

8 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
Incorporated1998-06-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1-7 Old Irvine Road
Kilmarnock
Ayrshire
KA1 2BD

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (2 active · 0 resigned)

ALLAUN, Elizabeth Ann→
secretary · appointed 1998-06-19
View their other companies + combined net worth →
Active
ALLAUN, Derek Roy→
director · ~80y · appointed 1998-06-19
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/05/200201/11/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property24/02/200006/03/2013

Recent filings (69 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-24
gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
gazette-notice-compulsory
gazette · GAZ1
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-08-05