ARMSTRONGS GARAGE LIMITED

🌳Matureactive

SC444588 · ltd · incorporated 2013-03-08

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 11.1y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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

What this business does

Primary activity: SIC 45200

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.1y

85/100

ready

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

· Oldest live charge is 11.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

34 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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 · accounting standard unknown

Metric	2025-04-30	2024-04-30
Average employees	600	600

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-01-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-07-05
🔓
Charge satisfied #1
2018-03-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-03-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-03-08
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-01-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-08
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2013-03-08
🏢
Company incorporated
As ARMSTRONGS GARAGE LIMITED
2013-03-08
➕
ARMSTRONG, Michael appointed
director
2013-03-08
➕
ARMSTRONG, Walter appointed
director
2013-03-08
➕
LOWRIE, Brian appointed
director

Owner dependency

81/100

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

+Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondary12+ year tenure: Director in role 13 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

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Armstrong Individual · British · DOB 06/1970 · age 56	25–50%	—	25-50% shares	16/06/2016
Mr Walter Armstrong Individual · British · DOB 11/1967 · age 59	25–50%	—	25-50% shares	16/06/2016
Mr Brian Lowrie Individual · British · DOB 04/1970 · age 56	25–50%	—	25-50% shares	16/06/2016

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

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

Incorporated2013-03-08

Jurisdictionscotland

Primary SIC45200 — SIC 45200

Registered office

Mansfield Road

Hawick

Roxburghshire

TD9 8AG

Scotland

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-03-22

Last: 2026-03-08

Officers (3 active · 0 resigned)

ARMSTRONG, Michael→

director · ~56y · appointed 2013-03-08

View their other companies + combined net worth →

Active

ARMSTRONG, Walter→

director · ~59y · appointed 2013-03-08

View their other companies + combined net worth →

Active

LOWRIE, Brian→

director · ~56y · appointed 2013-03-08

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
	satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	08/07/2015	05/07/2018