PLUS MOTORS LTD
🌱Startupactive
SC817738 · ltd · incorporated 2024-07-29
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 Jul 2025
Net worth
£2.4k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
- 33190SIC 33190
- 45200SIC 45200
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 65/100. 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).
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £2,405
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£2k
Current Assets
£11k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-07-31 |
|---|---|
| Total assets | £4.1k |
| Current assets | £10.7k |
| Net assets | £2.4k |
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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
6
filings
- • 3 persons-with-significant-control
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2026-04-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-01-09📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-31📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-11-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-31➕KACHCHI, Foumeen, Mr. appointeddirector
- 2025-10-31➖KANDIAH, Rasadurai resigneddirector
- 2025-10-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-07-29🏢Company incorporatedAs PLUS MOTORS LTD
- 2024-07-29➕KANDIAH, Rasadurai appointeddirector
- 2024-07-29📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
Critical — business is the founderThe 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.
- +Young company: Only 1.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
45/100
Moderate signalSome 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.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr. Foumeen Kachchi Individual · Sri Lankan · DOB 09/1977 · age 49 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 31/10/2025 |
Mr Areej Aiman Mohamed Foumeen Individual · Sri Lankan · DOB 12/2003 · age 23 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 13/02/2025 |
1 historic (ceased) PSC
- Mr Rasadurai Kandiahceased 31/10/2025· 75-100% shares · 75-100% voting · board control
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
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
Incorporated2024-07-29
Jurisdictionscotland
Primary SIC33120 — Repair of machinery
Registered office
1 Anderson Avenue
Aberdeen
AB24 4LR
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23
Officers (1 active · 1 resigned)
KACHCHI, Foumeen, Mr.→
Activedirector · ~49y · appointed 2025-10-31
View their other companies + combined net worth →
KANDIAH, Rasadurai→
Resigneddirector · ~65y · appointed 2024-07-29 · resigned 2025-10-31
Click a director name to see their full track record across all companies.
Recent filings (13 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-23
change-person-director-company-with-change-date
officers · CH01
2026-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-01
termination-director-company-with-name-termination-date
officers · TM01
2025-11-01
appoint-person-director-company-with-name-date
officers · AP01
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-02-13
incorporation-company
incorporation · NEWINC
2024-07-29