1ST DIRECT VEHICLE RENTALS LTD

🏛️Establishedactive
11023015 · ltd · incorporated 2017-10-20
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 4.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£22.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Renting and leasing of cars and light motor vehicles
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 4.6y

75/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Charge age ~4.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
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
4 connected companies via shared directors
57
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 declared
Positive net assets
Net assets £22,692

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£23k
↑ 52% YoY
Current Assets
£120k
↓ 76% YoY
Current Liabilities
—
£0£100k£199k£299k£398k£498kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£22.7k£14.9k
Current assets£120.0k£497.8k
Cash—£27
Debtors£120.0k£497.8k
Net assets£22.7k£14.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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 (15 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2021-09-16
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  8. 2021-08-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-10-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-11-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-10-20
    🏢
    Company incorporated
    As 1ST DIRECT VEHICLE RENTALS LTD
  13. 2017-10-20
    ➕
    BATES, Karen appointed
    director
  14. 2017-10-20
    ➕
    BATES, Simon appointed
    director
  15. 2017-10-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Khalemmric Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Khalemmric Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
1ST DIRECT VEHICLE RENTALS LTD
This company · 11023015

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Khalemmric Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting20/10/2017

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
Incorporated2017-10-20
Jurisdictionengland-wales
Primary SIC77110 — Renting and leasing of cars and light motor vehicles

Registered office

6 St Georges Square
Portsmouth
PO1 3EY
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-02
Last: 2025-10-19

Officers (2 active · 0 resigned)

BATES, Karen→
director · ~66y · appointed 2017-10-20
View their other companies + combined net worth →
Active
BATES, Simon→
director · ~66y · appointed 2017-10-20
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property16/09/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-17
accounts-with-accounts-type-dormant
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-23
accounts-with-accounts-type-dormant
accounts · AA
2020-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04