I & K MOTORS LTD.

⚰️Wound downliquidation

SC243121 · ltd · incorporated 2003-01-30

Investment thesis

Company liquidation — not a live target.

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

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.57M

book net assets

Opportunity

56/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 45112

Sector: Wholesale & retail

ALSO REGISTERED FOR

45200SIC 45200

Investor take

Special-situation opportunity

Distressed automotive with salvageable qualities — special-situations priority.

Opportunity 56/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 66). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 22.3y

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 22.3 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

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, 2 SIC codes, incorporation date

100

Financials

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

11 officers (2 active, 11 linked, 5 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

101 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

56/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £1,572,857

Cash YoY

-6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£472k

↓ 5.6% YoY

Net Worth

£1.6m

↑ 2.4% YoY

Current Assets

£1.9m

↑ 4.4% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.58M	£1.55M
Current assets	£1.90M	£1.82M
Cash	£472.1k	£500.1k
Debtors	£659.2k	£480.5k
Net assets	£1.57M	£1.54M

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

• 1 address
• 1 resolution

Last 90 days

filings

• 3 mortgage
• 1 address
• 1 resolution

Last 180 days

filings

• 3 mortgage
• 1 address
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (53 events)Click to expand

2026-04-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-02
📄
resolution
resolution · RESOLUTIONS
2026-03-26
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-26
🔓
Charge satisfied #3
2026-03-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
🔓
Charge satisfied #6
2026-03-25
🔓
Charge satisfied #4
2026-03-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-27
➖
SMITH, Andrew Malcolm resigned
director
2025-12-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-03
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-02-03
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-09
➕
LOGIE, Danielle Jane appointed
secretary
2024-02-09
➖
OGG, Karen Isabella resigned
secretary
2024-01-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-04-01
➕
SMITH, Andrew Malcolm appointed
director
2023-02-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-13
📄
change-person-director-company-with-change-date
officers · CH01
2023-02-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-28
🔓
Charge satisfied #5
2021-05-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-05-17
🔓
Charge satisfied #2
2021-03-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-08
➖
DUNCAN, William Grant resigned
secretary
2020-10-08
➕
OGG, Karen Isabella appointed
secretary
2020-10-08
➖
DUNCAN, William Grant resigned
director
2018-04-18
➕
DUNCAN, William Grant appointed
secretary
2018-04-05
➖
INNES, Lorna Jane resigned
secretary
2018-04-05
➖
INNES, Lorna Jane resigned
director
2016-04-18
🔒
Charge registered #6
Lender: Volkswagen Financial Services (UK) Limited
2010-06-01
➕
DUNCAN, William Grant appointed
director
2009-11-30
🔒
Charge registered #5
Lender: Santander Consumer (UK) PLC
2006-01-05
🔓
Charge satisfied #1
2005-12-28
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2005-12-02
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2004-12-20
➖
MAIR, Philip Cowie resigned
director
2004-06-01
➕
MAIR, Philip Cowie appointed
director
2004-03-12
🔒
Charge registered #2
Lender: Capital Bank PLC
2004-01-21
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2003-01-30
🏢
Company incorporated
As I & K MOTORS LTD.
2003-01-30
➕
INNES, Stephen appointed
director
2003-01-30
➕
INNES, Lorna Jane appointed
secretary
2003-01-30
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-01-30
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary

Showing most recent 50 of 53 events

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 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

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 63+: Senior director is approximately 66. 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 23 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

1 high · 1 med ·

Company in liquidation

high

Company is actively being wound up. Not a going concern.

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen Innes Individual · British · DOB 01/1960 · age 66	75–100%	—	75-100% shares	06/04/2016

1 historic (ceased) PSC

Mrs Lorna Jane Innesceased 05/04/2018· 25-50% shares

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

Similar companies

Active · Automotive · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FARBURN MOTORS LTD→ SC806661 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
FRASERBURGH MOTORS LTD→ SC732725 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
GDV AUTOS LTD→ SC808667 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GEANY MOTORS LTD→ SC391333 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
GIBSON BROTHERS LTD→ SC794964 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
GT AUTOBODY LIMITED→ SC718518 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
GTS SCOTLAND LTD→ SC606863 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
HAT PAINTERS (SCOTLAND) LIMITED→ SC022027 · est 1942 · no financials extracted	—	—	—	—	84y	—	—
HUNTLY VEHICLE CARE CENTRE LIMITED→ SC235442 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
HYDRAMECH ABERDEEN LTD→ SC597772 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
HYPO TUNE LTD→ SC695789 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
I. CUMMING LTD.→ SC280363 · est 2005 · no financials extracted	—	—	—	—	21y	—	—

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

🔒Tailored diligence questions

10 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

Statusliquidation

Typeltd

Incorporated2003-01-30

Jurisdictionscotland

Primary SIC45112 — SIC 45112

Registered office

C/O Btg Begbies Traynor (Central) Llp Woodburn House

4/5 Golden Square

Aberdeen

AB10 1RD

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-13

Last: 2026-01-30

Officers (2 active · 9 resigned)

LOGIE, Danielle Jane→

secretary · appointed 2024-02-09

View their other companies + combined net worth →

Active

INNES, Stephen→

director · ~66y · appointed 2003-01-30

View their other companies + combined net worth →

Active

DUNCAN, William Grant→

secretary · appointed 2018-04-18 · resigned 2020-10-08

Resigned

INNES, Lorna Jane→

secretary · appointed 2003-01-30 · resigned 2018-04-05

Resigned

OGG, Karen Isabella→

secretary · appointed 2020-10-08 · resigned 2024-02-09

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-01-30 · resigned 2003-01-30

Resigned

DUNCAN, William Grant→

director · ~60y · appointed 2010-06-01 · resigned 2020-10-08

Resigned

INNES, Lorna Jane→

director · ~67y · appointed 2003-01-30 · resigned 2018-04-05

Resigned

MAIR, Philip Cowie→

director · ~55y · appointed 2004-06-01 · resigned 2004-12-20

Resigned

SMITH, Andrew Malcolm→

director · ~63y · appointed 2023-04-01 · resigned 2025-12-27

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-01-30 · resigned 2003-01-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
satisfied	Volkswagen Financial Services (UK) Volkswagen Financial Services (UK) Limited	A registered charge	—	18/04/2016	25/03/2026
satisfied	Santander Santander Consumer (UK) PLC	Bond & floating charge	1 property	30/11/2009	28/07/2021
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	28/12/2005	25/03/2026
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	02/12/2005	26/03/2026
satisfied	Capital Bank Capital Bank PLC	Bond & floating charge	1 property	12/03/2004	17/05/2021
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	21/01/2004	05/01/2006

Recent filings (101 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-04-09

resolution

resolution · RESOLUTIONS

2026-04-02

mortgage-satisfy-charge-full

mortgage · MR04

2026-03-26

mortgage-satisfy-charge-full

mortgage · MR04

2026-03-25

mortgage-satisfy-charge-full

mortgage · MR04

2026-03-25

termination-director-company-with-name-termination-date

officers · TM01

2026-03-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-03

appoint-person-secretary-company-with-name-date

officers · AP03

2025-02-03

termination-secretary-company-with-name-termination-date

officers · TM02

2025-02-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-31

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-01-09

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

officers · AP01

2023-05-29