CITY TYRES & EXHAUSTS LIMITED

💤Zombieactive
SC186944 · ltd · incorporated 1998-06-19
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£193.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 80-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 80). 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

2 live charges · oldest 26.3y

45/100
under pressure

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

  • · Oldest live charge is 26.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 declared
Positive net assets
Net assets £192,954
Net assets shrinking
Down £8,907 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£193k
↓ 4.4% YoY
Current Assets
£37k
↓ 8.0% YoY
Current Liabilities
—
£0£40k£81k£121k£161k£202kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£190.9k£110.8k
Current assets£36.8k£40.0k
Net assets£193.0k£201.9k

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

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 (23 events)Click to expand
  1. 2025-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-04
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-09-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-08-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2019-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-08-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-08-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-08-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-07-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-03-06
    🔓
    Charge satisfied #1
  18. 2012-11-01
    🔓
    Charge satisfied #2
  19. 2002-05-09
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  20. 2000-02-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 1998-06-19
    🏢
    Company incorporated
    As CITY TYRES & EXHAUSTS LIMITED
  22. 1998-06-19
    ➕
    ALLAUN, Elizabeth Ann appointed
    secretary
  23. 1998-06-19
    ➕
    ALLAUN, Derek Roy appointed
    director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.
  • +No director turnover: Company is 28 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

100/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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

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 Derek Roy Allaun
Individual · British · DOB 06/1946 · age 80
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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—£83.5k—29y8278y
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SC281879 · est 2005
£79.4k
£67.5k–£91.3k
—£79.4k—21y8270y
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
Incorporated1998-06-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

1-7 Old Irvine Road
Kilmarnock
Ayrshire
KA1 2BD

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (2 active · 0 resigned)

ALLAUN, Elizabeth Ann→
secretary · appointed 1998-06-19
View their other companies + combined net worth →
Active
ALLAUN, Derek Roy→
director · ~80y · appointed 1998-06-19
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/05/200201/11/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property24/02/200006/03/2013

Recent filings (69 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-24
gazette-filings-brought-up-to-date
gazette · DISS40
2025-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
gazette-notice-compulsory
gazette · GAZ1
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-08-05