WESTFIELD MOTORS (PETERHEAD) LIMITED

🌳Matureactive

SC234665 · ltd · incorporated 2002-07-29

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

£600.4k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Sale of new cars and light motor vehicles

Sector: Wholesale & retail

ALSO REGISTERED FOR

45200SIC 45200

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 23.4y

65/100

clean up first

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

· Oldest live charge is 23.4 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: high (80/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (5 active, 8 linked, 7 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £600,422

Cash YoY

+18%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£297k

↑ 18% YoY

Net Worth

£600k

↑ 15% YoY

Current Assets

£699k

↑ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-08-31	2024-08-31
Total assets	£633.5k	£574.0k
Current assets	£699.4k	£622.4k
Cash	£297.2k	£252.1k
Debtors	£398.7k	£367.3k
Net assets	£600.4k	£522.7k

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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-02-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-23
➕
GRUGEON, Grace Strachan appointed
director
2026-01-23
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-05-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-11-25
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2016-04-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-10-12
➖
GRUGEON, Lorna resigned
director
2010-02-25
➖
GRUGEON, Kenneth Hubert resigned
director
2010-02-25
➕
GRUGEON, Lorna appointed
director
2002-11-28
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2002-11-21
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2002-08-30
➕
GRUGEON, Isobel Cordiner appointed
director
2002-08-30
➕
GRUGEON, Kenneth appointed
director
2002-08-30
➕
GRUGEON, Ronald appointed
director
2002-08-30
➕
GRUGEON, Kenneth Hubert appointed
director
2002-08-30
➖
MILTON, Bruce resigned
nominee-director
2002-07-29
🏢
Company incorporated
As WESTFIELD MOTORS (PETERHEAD) LIMITED
2002-07-29
➕
MASSON GLENNIE LLP appointed
corporate-secretary
2002-07-29
➕
MILTON, Bruce appointed
nominee-director

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 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Kenneth Grugeon Individual · British · DOB 10/1963 · age 63	25–50%	—	25-50% shares	06/04/2016
Mr Ronald Grugeon Individual · Scottish · DOB 02/1967 · age 59	25–50%	—	25-50% shares	06/04/2016

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 →

Similar companies

Active · Automotive · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
COLIN LAWSON TRANSPORT LIMITED→ SC268596 · est 2004	£1.64M £1.31M–£1.97M	£8.74M	—	7300	21y	87	59y
BREAKING POINT LIMITED→ SC167411 · est 1996	—	—	£22.6k	—	29y	83	61y
CARS RECOVERY LIMITED→ SC334403 · est 2007	—	—	£186.5k	—	18y	83	68y
MACDUFF DIESELS LTD.→ SC177616 · est 1997	—	—	£909.3k	—	28y	83	70y
A. W. AUTOTECH LIMITED→ SC172396 · est 1997	—	—	£527.7k	—	29y	82	59y
ALAN J. ROSS MOTOR ENGINEERS LTD.→ SC178820 · est 1997	—	—	£382.8k	—	28y	82	72y
BRIDGE OF DON GARAGE LIMITED→ SC285473 · est 2005	—	—	£163.5k	—	20y	82	65y
CAMERON AUTOTECH LIMITED→ SC241160 · est 2002	—	—	£1.27M	—	23y	82	65y
CITYVOE LIMITED→ SC274365 · est 2004	—	—	—	700	21y	82	63y
COTTAGE CARS (ABERDEEN) LTD.→ SC350432 · est 2008	—	—	—	—	17y	82	65y
CROWN MOTORS (A & I) LIMITED→ SC128540 · est 1990	—	—	£2.41M	—	35y	82	66y
DUNECHT GARAGE LTD.→ SC148143 · est 1993	—	—	—	—	32y	82	71y

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

🔒Tailored diligence questions

7 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

Incorporated2002-07-29

Jurisdictionscotland

Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

Broad House

Broad Street

Peterhead

Aberdeenshire

AB42 1HY

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-08-12

Last: 2025-07-29

Officers (5 active · 3 resigned)

MASSON GLENNIE LLP→

corporate-secretary · appointed 2002-07-29

View their other companies + combined net worth →

Active

GRUGEON, Grace Strachan→

director · ~64y · appointed 2026-01-23

View their other companies + combined net worth →

Active

GRUGEON, Isobel Cordiner→

director · ~84y · appointed 2002-08-30

View their other companies + combined net worth →

Active

GRUGEON, Kenneth→

director · ~63y · appointed 2002-08-30

View their other companies + combined net worth →

Active

GRUGEON, Ronald→

director · ~59y · appointed 2002-08-30

View their other companies + combined net worth →

Active

GRUGEON, Kenneth Hubert→

director · ~84y · appointed 2002-08-30 · resigned 2010-02-25

Resigned

GRUGEON, Lorna→

director · ~61y · appointed 2010-02-25 · resigned 2013-10-12

Resigned

MILTON, Bruce→

nominee-director · ~69y · appointed 2002-07-29 · resigned 2002-08-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	28/11/2002	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	21/11/2002	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

appoint-person-director-company-with-name-date

officers · AP01

2026-02-27

change-person-director-company-with-change-date

officers · CH01

2026-01-23