R F MARTIN MOTOR ENGINEERS LTD.

💤Zombieactive
SC485420 · ltd · incorporated 2014-08-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
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Turnover
year to Aug 2024
Net worth
£-12.3k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 11.5y

30/100
under pressure

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

  • · Oldest live charge is 11.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £12,325

Key financials

2 years extracted from filed iXBRL accounts
Cash
£45k
Net Worth
-£12k
Current Assets
£81k
Current Liabilities
-£12k£6k£25k£44k£63k£81kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Total assets£33.8k
Current assets£81.5k
Cash£45.2k
Debtors£36.2k
Net assets£-12.3k
Average employees300

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. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-03-21
    🔓
    Charge satisfied #2
  5. 2023-11-15
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2023-11-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-11-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2019-11-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  13. 2019-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-11-18
    🔒
    Charge registered #2
    Lender: West of Scotland Loan Fund
  18. 2014-10-29
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2014-08-29
    🏢
    Company incorporated
    As R F MARTIN MOTOR ENGINEERS LTD.
  20. 2014-08-29
    HOLMES, Barry William appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Barry William Holmes
Individual · Scottish · DOB 05/1976 · age 50
75100%
75-100% shares29/08/2016

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
Incorporated2014-08-29
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

Unit 1 Corsehill Mount Road
Dreghorn
Irvine
Ayrshire
KA11 4JZ

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29

Officers (1 active · 0 resigned)

HOLMES, Barry William
director · ~50y · appointed 2014-08-29
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
West of Scotland Loan Fund
A registered charge18/11/201421/03/2024
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge29/10/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-21
gazette-filings-brought-up-to-date
gazette · DISS40
2023-11-15
gazette-notice-compulsory
gazette · GAZ1
2023-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31