BORDER TYRES LIMITED
💤Zombieactive
04744576 · ltd · incorporated 2003-04-25
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 Feb 2025
Net worth
£801.8k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Retail trade of motor vehicle parts and accessories
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). 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 (73/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 12.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 declaredPositive net assets
Net assets £801,769
Cash YoY
+3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£519k
↑ 2.5% YoY
Net Worth
£802k
↑ 10% YoY
Current Assets
£612k
↓ 3.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £951.2k | £920.7k |
| Current assets | £611.9k | £631.5k |
| Cash | £519.3k | £506.4k |
| Debtors | £59.1k | £91.3k |
| Net assets | £801.8k | £728.2k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-08-18📄capital-cancellation-sharescapital · SH06
- 2025-08-18📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-05-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-05📄capital-cancellation-sharescapital · SH06
- 2024-11-05📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-09📄capital-cancellation-sharescapital · SH06
- 2022-11-09📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2022-07-18📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-24➖MEAKIN, George Alwin resignedsecretary
- 2022-03-24➖MEAKIN, George Alwin resigneddirector
- 2021-08-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-06🔒Charge registered #4Lender: Barclays Security Trustee Limited
- 2021-07-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-07-26🔓Charge satisfied #2
- 2021-07-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-20🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2021-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-12-21🔒Charge registered #2Lender: Barclays Security Trustee Limited
- 2020-07-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2013-12-09🔒Charge registered #1Lender: Bank of Scotland PLC
- 2003-04-25🏢Company incorporatedAs BORDER TYRES LIMITED
- 2003-04-25➕MEAKIN, David appointeddirector
- 2003-04-25➕MEAKIN, George Alwin appointedsecretary
- 2003-04-25➕TEMPLE SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-04-25➖TEMPLE SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2003-04-25➕MEAKIN, George Alwin appointeddirector
- 2003-04-25➕COMPANY DIRECTORS LIMITED appointedcorporate-nominee-director
- 2003-04-25➖COMPANY DIRECTORS LIMITED resignedcorporate-nominee-director
Owner dependency
93/100
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.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr. David Meakin Individual · British · DOB 10/1963 · age 63 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Automotive · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A P MECHANICAL SPARES LTD→ SC869959 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADAM PURVES GALASHIELS LIMITED→ SC194613 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| ALLIED TRUCK & TRAILER COMPONENTS LIMITED→ SC818724 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| B.H.P. (NORHAM) LIMITED→ 04459674 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| BANKHEAD MOT AND REPAIR CENTRE LIMITED→ 14788792 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BILLY COWE (COMMERCIALS) LTD→ SC447508 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| BONJEDWARD GARAGE LTD→ SC877995 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BORDER AUTOCARE & TYRE SERVICES LIMITED→ SC217592 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| BORDERS ENGINEERING SERVICES LTD→ SC517164 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| C & R TYRES LIMITED→ SC159954 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| CARPARTS 4U LIMITED→ SC135254 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| CARRICKS (BORDERS) LIMITED→ SC403619 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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
Incorporated2003-04-25
Jurisdictionengland-wales
Primary SIC45320 — Retail trade of motor vehicle parts and accessories
Registered office
Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-09
Last: 2025-04-25
Officers (1 active · 4 resigned)
MEAKIN, David→
Activedirector · ~63y · appointed 2003-04-25
View their other companies + combined net worth →
MEAKIN, George Alwin→
Resignedsecretary · appointed 2003-04-25 · resigned 2022-03-24
TEMPLE SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-04-25 · resigned 2003-04-25
MEAKIN, George Alwin→
Resigneddirector · ~73y · appointed 2003-04-25 · resigned 2022-03-24
COMPANY DIRECTORS LIMITED→
Resignedcorporate-nominee-director · appointed 2003-04-25 · resigned 2003-04-25
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | 1 property | 06/08/2021 | — | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 20/07/2021 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 21/12/2020 | 26/07/2021 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 09/12/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
capital-cancellation-shares
capital · SH06
2025-08-18
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2025-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-02
capital-cancellation-shares
capital · SH06
2024-11-05
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
capital-cancellation-shares
capital · SH06
2022-11-09
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2022-11-09
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-18
termination-director-company-with-name-termination-date
officers · TM01
2022-07-18
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-06