CORRA GARAGES LIMITED

🌳Matureactive
SC460646 · ltd · incorporated 2013-10-03
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£128.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 82-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 10.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 10.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
80/100Exceptional
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
75
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 £128,800
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£11k
↓ 62% YoY
Net Worth
£129k
↑ 4.6% YoY
Current Assets
£20k
↓ 47% YoY
Current Liabilities
—
£0£26k£52k£77k£103k£129kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£141.0k£137.3k
Current assets£19.6k£37.2k
Cash£11.2k£29.3k
Debtors£8.3k£7.9k
Net assets£128.8k£123.1k

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-06-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-04-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2015-10-23
    🔒
    Charge registered #1
    Lender: Margaret Kimm Smith
  14. 2015-10-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-10-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-10-03
    🏢
    Company incorporated
    As CORRA GARAGES LIMITED
  18. 2013-10-03
    ➕
    SMITH, Alexander James appointed
    director
  19. 2013-10-03
    ➕
    SMITH, Christine appointed
    director
  20. 2013-10-03
    ➕
    SMITH, Philip James 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
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Philip James Smith
Individual · British · DOB 10/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2013-10-03
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Kenmuir House
Kenmuir House
Dalbeattie
DG5 4PL
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (3 active · 0 resigned)

SMITH, Alexander James→
director · ~82y · appointed 2013-10-03
View their other companies + combined net worth →
Active
SMITH, Christine→
director · ~79y · appointed 2013-10-03
View their other companies + combined net worth →
Active
SMITH, Philip James→
director · ~57y · appointed 2013-10-03
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Margaret Kimm Smith
A registered charge1 property23/10/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-31