LONDON TAXIS DIRECT LTD.
- · Oldest live charge 23.0y old — refinance window within 12 months
- 45200SIC 45200
- 45320Retail trade of motor vehicle parts and accessories
Opportunity 39/100 (watch), bankability 25/100. Strong seller-intent signal (65/100, director aged 63). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on immediate intervention.
Refinance opportunity
2 live charges · oldest 23.0y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 23.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2020-07-30 | 2019-07-31 |
|---|---|---|
| Total assets | £76.1k | £116.2k |
| Current assets | £329.3k | £400.9k |
| Cash | — | £5.3k |
| Debtors | — | £210.6k |
| Net assets | £9.9k | £30.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (30 events)Click to expand
- 2025-05-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-13⚠️liquidation-compulsory-notice-winding-up-order-court-scotlandinsolvency · WU01(Scot)
- 2025-02-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-02-11📄gazette-notice-compulsorygazette · GAZ1
- 2024-08-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-08-13📄gazette-notice-compulsorygazette · GAZ1
- 2023-10-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-10-03📄gazette-notice-compulsorygazette · GAZ1
- 2023-04-26📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-04-25📄gazette-notice-compulsorygazette · GAZ1
- 2022-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-24📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-10-20📄gazette-notice-compulsorygazette · GAZ1
- 2020-04-30📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-29📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-12-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-12-21🔓Charge satisfied #2
- 2018-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2006-05-10🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2003-05-07🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-02-04🏢Company incorporatedAs LONDON TAXIS DIRECT LTD.
- 2003-02-04➕COWE, John Peoples appointedsecretary
- 2003-02-04➕COWE, John Peoples appointeddirector
- 2003-02-04➕COWE, Margaret appointeddirector
- 2003-02-04➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-02-04➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-02-04➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2003-02-04➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-07-30
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2024-02-18
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-05-13: liquidation-compulsory-notice-winding-up-order-court-scotland
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Margaret Cowe Individual · British · DOB 01/1963 · age 63 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr John Peoples Cowe Individual · British · DOB 12/1963 · age 63 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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11 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 →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
Registered office
Filing status
Officers (3 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 10/05/2006 | 21/12/2018 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/05/2003 | — |