FIRST MOTOR COMPANY LIMITED

⚰️Wound downreceivership

SC193270 · ltd · incorporated 1999-02-09

Investment thesis

Company receivership — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

40/100

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What this business does

Primary activity: SIC 5010

Sector: Transportation & storage

Investor take

Pass (distressed without resilience)

Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 40/100 (watch), bankability 2/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (70/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 26.6y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 26.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 55/100 (high).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

13 officers (5 active, 13 linked, 9 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

8 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

40/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2014-01-29
⚠️
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2007-01-18
⚠️
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2006-08-18
📄
legacy
officers · 288b
2003-02-24
⚠️
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2002-11-21
📍
legacy
address · 287
2002-11-19
⚠️
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2002-11-12
⚠️
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2002-11-01
➖
GRANT, Peter Alexander resigned
director
2002-09-17
📄
legacy
annual-return · 363s
2002-09-04
📄
legacy
officers · 288b
2002-08-26
➖
PHILLIPS, Anthony Ian resigned
director
2002-05-26
📄
legacy
officers · 288b
2002-03-27
➖
HOLLINS, Philip James resigned
director
2002-03-14
📄
legacy
annual-return · 363s
2001-12-04
📄
legacy
officers · 288a
2001-12-04
📄
accounts-with-accounts-type-group
accounts · AA
2001-11-21
📄
legacy
officers · 288b
2001-11-12
➖
CARLAW, Ian Alexander resigned
director
2001-06-18
📄
legacy
capital · 88(3)
2001-06-18
📄
legacy
capital · 88(2)R
2001-06-08
📄
legacy
annual-return · 363s
2001-06-08
📄
legacy
officers · 288a
2001-06-08
📄
legacy
officers · 288b
2001-05-23
➕
PHILLIPS, Anthony Ian appointed
director
2001-01-25
➕
MACKENZIE, Alan Lovat appointed
secretary
2001-01-25
➕
MACKENZIE, Alan Lovat appointed
director
2000-12-18
➖
STEVENSON, Thomas Tennant resigned
secretary
2000-12-18
➖
STEVENSON, Thomas Tennant resigned
director
2000-11-02
📄
accounts-with-accounts-type-full
accounts · AA
2000-10-25
📄
legacy
capital · 88(2)R
2000-09-28
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2000-09-27
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2000-09-21
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2000-09-21
📄
mortgage-alter-floating-charge
mortgage · 466(Scot)
2000-09-06
🔓
Charge satisfied #1
2000-08-31
➕
FRASER, Duncan Grant appointed
director
2000-08-31
➕
FRASER, Scott Charles appointed
director
2000-08-31
➕
HOLLINS, Philip James appointed
director
2000-08-31
🔒
Charge registered #5
Lender: The Governor and Company of the Bank of Scotland
2000-08-31
🔒
Charge registered #4
Lender: Fce Bank PLC
2000-08-31
🔒
Charge registered #3
Lender: Fce Bank PLC
2000-08-31
🔒
Charge registered #2
Lender: Wylies (Automotive Services) Limited
1999-09-28
➕
CARLAW, David Jackson appointed
director
1999-09-28
➕
STEVENSON, Thomas Tennant appointed
secretary
1999-09-28
➖
DALGLEN SECRETARIES LIMITED resigned
corporate-nominee-secretary
1999-09-28
➕
CARLAW, Ian Alexander appointed
director
1999-09-28
➕
GRANT, Peter Alexander appointed
director
1999-09-28
➕
STEVENSON, Thomas Tennant appointed
director
1999-09-28
➖
DALGLEN DIRECTORS LIMITED resigned
corporate-nominee-director
1999-09-28
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company

Showing most recent 50 of 53 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100

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 79 years old. Natural succession window is now.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2003-10-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2017-02-23

Company status: receivership

high

Company is in a formal insolvency or administration process. Treat accordingly.

5 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2014-01-29: liquidation-receiver-ceasing-to-act-scotland; 2007-01-18: liquidation-receiver-ceasing-to-act-scotland

🔒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 →

Similar companies

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FALCON TECH EXPORT LTD→ SC812312 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
FAST AND FAIR TRANSPORT LTD→ SC866865 · est 2025 · no financials extracted	—	—	—	—	—	—	—
FAST TRACK AIRPORT TRANSFER LTD→ SC821251 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
FERGUSON’S MAN & VAN + FURNITURE LTD→ SC668085 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
FIRST GLASGOW (NO.2) LIMITED→ SC127012 · est 1990 · no financials extracted	—	—	—	—	35y	—	—
FISHERS COOPERAGE (STORE) LIMITED→ SC658965 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
FIVE STAR FORWARDING & LOGISTICS LTD.→ SC197922 · est 1999 · no financials extracted	—	—	—	—	26y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

13 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.

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Company details

Statusreceivership

Typeltd

Incorporated1999-02-09

Jurisdictionscotland

Primary SIC5010 — SIC 5010

Registered office

Grant Thornton

95 Bothwell Street

Glasgow

G2 7JZ

Filing status

Accounts

Next due: 2003-10-31OVERDUE

Last made up to: —

Confirmation statement

Next due: 2017-02-23OVERDUE

Last: —