CADGER'S GARAGES LTD.
💤Zombieactive
SC240132 · ltd · incorporated 2002-11-26
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 Nov 2024
Net worth
£273.2k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 75-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 75). 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).
Data confidence
Overall: medium (75/100)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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
2 active PSC(s) of 2 total, 2 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
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £273,218
Cash YoY
+12%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£225k
↑ 12% YoY
Net Worth
£273k
↑ 4.1% YoY
Current Assets
£296k
↑ 4.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £275.4k | £265.0k |
| Current assets | £296.0k | £284.1k |
| Cash | £224.5k | £200.2k |
| Debtors | £66.3k | £78.8k |
| Net assets | £273.2k | £262.5k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-23📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-12-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-08-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2017-07-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-08-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-12-29➕CADGER, Winifreda Jozefa appointedsecretary
- 2006-12-29➖MORRICE, Graeme Charles resignedsecretary
- 2002-12-02➕CADGER, Graham William appointeddirector
- 2002-12-02➕MORRICE, Graeme Charles appointedsecretary
- 2002-11-26🏢Company incorporatedAs CADGER'S GARAGES LTD.
- 2002-11-26➕COSEC LIMITED appointedcorporate-nominee-secretary
- 2002-11-26➖COSEC LIMITED resignedcorporate-nominee-secretary
- 2002-11-26➕CODIR LIMITED appointedcorporate-nominee-director
- 2002-11-26➖CODIR LIMITED resignedcorporate-nominee-director
- 2002-11-26➕COSEC LIMITED appointedcorporate-nominee-director
- 2002-11-26➖COSEC LIMITED resignedcorporate-nominee-director
Owner dependency
100/100
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.
- +Founder name in company name: Company name contains director surname "CADGER" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 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 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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graham William Cadger Individual · British · DOB 06/1951 · age 75 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/11/2016 |
Mrs Winifreda Jozefa Cadger Individual · British · DOB 08/1949 · age 77 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 26/11/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| AUTO LOUNGE MOT & SERVICE CENTRE LIMITED→ SC865778 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AUTOMASTERS INVERURIE LTD→ SC570730 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AUTOVATION LTD→ SC734034 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BIC MOBILE CAR WASH LTD→ SC836611 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BLACKBURN GARAGE LIMITED→ SC455822 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| BOTHIEBRIG GARAGE SERVICES LIMITED→ SC625563 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BRIAN HENDERSON CAR SALES LTD→ SC745274 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BRICKFIELD MOTORS LTD.→ SC264264 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| BRUCKLAY GARAGE LTD.→ SC378787 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| C&P PHILLIPS LTD→ SC746736 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CALDWELL & DEMPSTER LIMITED→ SC691994 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CAMY'S CAR CARE LTD→ SC773333 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2002-11-26
Jurisdictionscotland
Primary SIC45200 — SIC 45200
Registered office
4 West Craibstone Street
Bon-Accord Square
Aberdeen
AB11 6YL
United Kingdom
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12
Officers (2 active · 4 resigned)
CADGER, Winifreda Jozefa→
Activesecretary · appointed 2006-12-29
View their other companies + combined net worth →
CADGER, Graham William→
Activedirector · ~75y · appointed 2002-12-02
View their other companies + combined net worth →
MORRICE, Graeme Charles→
Resignedsecretary · appointed 2002-12-02 · resigned 2006-12-29
COSEC LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-11-26 · resigned 2002-11-26
CODIR LIMITED→
Resignedcorporate-nominee-director · appointed 2002-11-26 · resigned 2002-11-26
COSEC LIMITED→
Resignedcorporate-nominee-director · appointed 2002-11-26 · resigned 2002-11-26
Click a director name to see their full track record across all companies.
Recent filings (69 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-23
change-person-secretary-company-with-change-date
officers · CH03
2023-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-12