ELITE CARS (SCOTLAND) LTD
🏛️Establishedactive
SC675172 · ltd · incorporated 2020-09-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
£428.9k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 45200SIC 45200
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 75/100. 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 (58/100).
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £428,913
Cash YoY
+117%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£165k
↑ 117% YoY
Net Worth
£429k
↑ 13% YoY
Current Assets
£713k
↑ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Total assets | £534.3k | £410.4k |
| Current assets | £712.6k | £621.7k |
| Cash | £164.7k | £75.8k |
| Debtors | £1.1k | £2.7k |
| Net assets | £428.9k | £380.6k |
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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
- 2026-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-21➕MCGHEE, Lynne appointeddirector
- 2023-03-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-04📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2020-09-22🏢Company incorporatedAs ELITE CARS (SCOTLAND) LTD
- 2020-09-22➕MCGHEE, John Edward appointeddirector
- 2020-09-22📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Edward Mcghee Individual · British · DOB 06/1970 · age 56 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/09/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Automotive · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DOMINIUM VERITAS LTD→ SC828237 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| DOYEN AUTO SERVICES LTD→ SC756561 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DRIVE GROUP LTD→ SC333359 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| DUMILES LTD→ SC844247 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DUST SCOTLAND LTD→ SC588766 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| DYNA GARAGE SERVICES LTD→ SC499030 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| EASY PEASY PRIZES LTD→ SC747746 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ECOSSE COACHWORKS LTD→ SC803663 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EHD COMMERCIALS LTD→ SC849997 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ELDERS OF KIRKINTILLOCH LIMITED→ SC122696 · est 1990 · no financials extracted | — | — | — | — | 36y | — | — |
| ELITE CUSTOM EXHAUSTS LTD→ SC398402 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ELITE MOT SERVICE & REPAIR LTD→ SC439261 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
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
Incorporated2020-09-22
Jurisdictionscotland
Primary SIC45112 — SIC 45112
Registered office
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH
United Kingdom
Filing status
Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09
Officers (2 active · 0 resigned)
MCGHEE, John Edward→
Activedirector · ~56y · appointed 2020-09-22
View their other companies + combined net worth →
MCGHEE, Lynne→
Activedirector · ~55y · appointed 2023-03-21
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (14 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-06
appoint-person-director-company-with-name-date
officers · AP01
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
change-account-reference-date-company-current-extended
accounts · AA01
2021-06-04
incorporation-company
incorporation · NEWINC
2020-09-22