MGS AUTOMOTIVE & RALLY LIMITED

💤Zombieactive
SC534443 · ltd · incorporated 2016-05-04
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
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£345.2k
book net assets
Opportunity
74/100
Strong
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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 74/100 (strong), bankability 80/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 6.8y

45/100
under pressure

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

  • · Oldest live charge is 6.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 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 · accounting standard not declared
Positive net assets
Net assets £345,202

Key financials

2 years extracted from filed iXBRL accounts
Cash
£127k
Net Worth
£345k
↑ 15% YoY
Current Assets
£224k
↑ 22% YoY
Current Liabilities
—
£0£69k£138k£207k£276k£345kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£396.0k£538.4k
Current assets£223.5k£183.9k
Cash£126.9k—
Debtors£91.6k—
Net assets£345.2k£301.4k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-02-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-05-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2023-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-09-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-08-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2019-08-15
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  13. 2019-08-14
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  14. 2019-07-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2019-07-24
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  16. 2019-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-01-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2016-05-04
    🏢
    Company incorporated
    As MGS AUTOMOTIVE & RALLY LIMITED
  20. 2016-05-04
    ➕
    CUNNINGHAM, Gordon appointed
    director
  21. 2016-05-04
    📄
    incorporation-company
    incorporation · NEWINC

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 10 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 Gordon Cunningham
Individual · Scottish · DOB 05/1978 · age 48
75–100%
75–100%board control75-100% shares · 75-100% voting · board control04/05/2016
1 historic (ceased) PSC
  • Mr Gordon Cunninghamceased 04/05/2016· 75-100% shares

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

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——340038y8462y
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———40035y8265y
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———622y8278y
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———1328y8281y
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——£1.75M—25y8260y
MAYBANK MOTORS LIMITED→
SC164609 · est 1996 · no financials extracted
————30y8267y
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——£109.0k—62y8259y
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————23y8261y
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————21y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2016-05-04
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

The Yard
Hurlford Road
Galston
Ayrshire
KA4 8LB
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-17
Last: 2025-05-03

Officers (1 active · 0 resigned)

CUNNINGHAM, Gordon→
director · ~46y · appointed 2016-05-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property15/08/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property14/08/2019—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—24/07/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-27