I. CUMMING LTD.

🌳Matureactive
SC280363 · ltd · incorporated 2005-02-22
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 12.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£370.1k
book net assets
Opportunity
82/100
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
  • 45112SIC 45112
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 12.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
62 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 · accounting standard not declared
Positive net assets
Net assets £370,110
Net assets shrinking
Down £17,907 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£370k
↓ 4.6% YoY
Current Assets
£800k
↓ 15% YoY
Current Liabilities
—
£0£188k£377k£565k£753k£942kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£649.3k£433.1k
Current assets£799.9k£941.8k
Cash—£1.9k
Debtors£427.7k£487.7k
Net assets£370.1k£388.0k

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
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-03-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-02-01
    ➕
    CUMMING, Linda Margaret appointed
    director
  3. 2025-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-01-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-12-21
    ➖
    ORD, Colin Andrew resigned
    director
  7. 2024-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-03-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-03-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-09-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-04-09
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2020-04-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-04-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2019-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-03-16
    ➕
    ORD, Colin Andrew appointed
    director
  21. 2014-10-09
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  22. 2013-10-18
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  23. 2005-02-22
    🏢
    Company incorporated
    As I. CUMMING LTD.
  24. 2005-02-22
    ➕
    CUMMING, Linda Margaret appointed
    secretary
  25. 2005-02-22
    ➕
    CUMMING, Ivor John appointed
    director
  26. 2005-02-22
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  27. 2005-02-22
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  28. 2005-02-22
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  29. 2005-02-22
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

99/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "CUMMING" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ivor John Cumming
Individual · British · DOB 10/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Colin Andrew Ordceased 21/12/2024· 25-50% shares · 25-50% voting

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 →

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————3y——
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SC882029 · est 2026 · no financials extracted
———————
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2005-02-22
Jurisdictionscotland
Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (3 active · 3 resigned)

CUMMING, Linda Margaret→
secretary · appointed 2005-02-22
View their other companies + combined net worth →
Active
CUMMING, Ivor John→
director · ~58y · appointed 2005-02-22
View their other companies + combined net worth →
Active
CUMMING, Linda Margaret→
director · ~58y · appointed 2026-02-01
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-02-22 · resigned 2005-02-22
Resigned
ORD, Colin Andrew→
director · ~57y · appointed 2015-03-16 · resigned 2024-12-21
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-02-22 · resigned 2005-02-22
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property09/10/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property18/10/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-08
termination-director-company-with-name-termination-date
officers · TM01
2025-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-28