LERWICK AUTOBODY LIMITED

🌳Matureactive

SC428384 · ltd · incorporated 2012-07-16

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 Jul 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 45200

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · 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 (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

30 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-07-31	2024-07-31
Average employees	6	700

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

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2025-11-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-25
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2016-11-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-17
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-02
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2012-07-16
🏢
Company incorporated
As LERWICK AUTOBODY LIMITED
2012-07-16
➕
MANSON, Shirley appointed
secretary
2012-07-16
➕
HENRY, John David appointed
director
2012-07-16
➕
MANSON, Neil Alexander appointed
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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

69/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 14 years.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr John David Henry Individual · British · DOB 02/1963 · age 63	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence	22/07/2016

1 historic (ceased) PSC

Mr Neil Alexander Mansonceased 30/09/2016· 25-50% shares · 25-50% voting · board control · significant influence

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

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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

Incorporated2012-07-16

Jurisdictionscotland

Primary SIC45200 — SIC 45200

Registered office

8 Gremista Industrial Estate

Gremista

Lerwick

Shetland

ZE1 0PX

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-07-30

Last: 2025-07-16

Officers (3 active · 0 resigned)

MANSON, Shirley→

secretary · appointed 2012-07-16

View their other companies + combined net worth →

Active

HENRY, John David→

director · ~63y · appointed 2012-07-16

View their other companies + combined net worth →

Active

MANSON, Neil Alexander→

director · ~67y · appointed 2012-07-16

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	02/12/2013	—

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