I & G MOTORS LTD.

💤Zombieactive
SC224868 · ltd · incorporated 2001-11-02
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 2025
Net worth
£10.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 24.4y

45/100
under pressure

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

  • · Oldest live charge is 24.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 · FRS 105 (micro)
Positive net assets
Net assets £10,136

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£10k
↑ 32% YoY
Current Assets
£31k
↑ 5.7% YoY
Current Liabilities
—
£0£6k£12k£18k£25k£31kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-11-302024-11-30
Total assets£10.1k£7.7k
Current assets£30.7k£29.0k
Net assets£10.1k£7.7k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-05-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-03-31
    ➖
    SPENCE, Grant Scott resigned
    director
  5. 2025-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-11-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-11-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-10-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-11-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2001-12-07
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2001-11-02
    🏢
    Company incorporated
    As I & G MOTORS LTD.
  20. 2001-11-02
    ➕
    REID, Ian Wilson appointed
    secretary
  21. 2001-11-02
    ➕
    REID, Ian Wilson appointed
    director
  22. 2001-11-02
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  23. 2001-11-02
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  24. 2001-11-02
    ➕
    SPENCE, Grant Scott appointed
    director
  25. 2001-11-02
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  26. 2001-11-02
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-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 25 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 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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
NameSharesVoting rightsNature of controlNotified
Mr Ian Wilson Reid
Individual · Scottish · DOB 08/1959 · age 67
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Grant Scott Spenceceased 31/03/2025· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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ANGUS TYRES LIMITED→
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———3516y8386y
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———120023y8270y
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——£152.5k—15y8258y
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———————
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————4y——
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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
Incorporated2001-11-02
Jurisdictionscotland
Primary SIC45112 — SIC 45112

Registered office

2 Brown Street
Carnoustie
Angus
DD7 7EZ

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-10-19
Last: 2025-10-05

Officers (2 active · 3 resigned)

REID, Ian Wilson→
secretary · appointed 2001-11-02
View their other companies + combined net worth →
Active
REID, Ian Wilson→
director · ~67y · appointed 2001-11-02
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2001-11-02 · resigned 2001-11-02
Resigned
SPENCE, Grant Scott→
director · ~70y · appointed 2001-11-02 · resigned 2025-03-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2001-11-02 · resigned 2001-11-02
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property07/12/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-16
termination-director-company-with-name-termination-date
officers · TM01
2025-05-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
change-person-director-company-with-change-date
officers · CH01
2023-10-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-11