MITCHELLS MOTORCYCLES LTD.

🌳Matureactive

SC312712 · ltd · incorporated 2006-11-29

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

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Turnover

—

year to Oct 2024

Net worth

£604.5k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 45400

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -39% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 18.4y

45/100

under pressure

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

· Oldest live charge is 18.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

54 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £604,503

Net assets shrinking

Down £35,999 YoY

Cash YoY

-39%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£145k

↓ 39% YoY

Net Worth

£605k

↓ 5.6% YoY

Current Assets

£879k

↓ 14% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£651.4k	£681.6k
Current assets	£878.9k	£1.02M
Cash	£145.2k	£239.9k
Debtors	£6.0k	£5.7k
Net assets	£604.5k	£640.5k

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

filings

Last 90 days

filings

Last 180 days

filings

• 2 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-04-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-14
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-07-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-03-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-07-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-07-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-06-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-11-15
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2006-11-29
🏢
Company incorporated
As MITCHELLS MOTORCYCLES LTD.
2006-11-29
➕
MATHESON, Heather appointed
secretary
2006-11-29
➕
MATHESON, Heather Jackson appointed
director
2006-11-29
➕
MATHESON, Kevin appointed
director
2006-11-29
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2006-11-29
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2006-11-29
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2006-11-29
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

84/100

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.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Heather Jackson Matheson Individual · British · DOB 05/1968 · age 58	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	29/11/2016
Mr Kevin Matheson Individual · British · DOB 03/1965 · age 61	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	29/11/2016

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

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CULLODEN CAR SALES LTD.→ SC222206 · est 2001	—	—	£2.10M	—	24y	83	58y
SEVILLE 2011 LIMITED→ SC389852 · est 2010	—	—	£83.0k	—	15y	83	58y
SGM CARS LTD→ SC384911 · est 2010 · no financials extracted	—	—	—	—	15y	83	59y
AUTOCARE (INVERNESS) LIMITED→ SC203216 · est 2000	—	—	£178.1k	—	26y	82	65y
DANZAN LIMITED→ SC248100 · est 2003	—	—	—	2	23y	82	72y
DINGWALL PANEL BEATERS LIMITED→ SC214001 · est 2000	—	—	£108.0k	—	25y	82	62y
DUNLOPS MOTOR FACTORS (HIGHLAND) LTD.→ SC216519 · est 2001	—	—	£86.9k	—	25y	82	72y
EWEN MACRAE(WEST END GARAGE)LIMITED→ SC060381 · est 1976	—	—	£1.84M	—	49y	82	80y
FLEET MANAGEMENT SERVICES (UK) LIMITED→ SC211499 · est 2000	—	—	—	900	25y	82	69y
GODSMAN TYRES & EXHAUSTS LIMITED→ SC252460 · est 2003	—	—	£122.5k	—	22y	82	64y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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.

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Company details

Statusactive

Typeltd

Incorporated2006-11-29

Jurisdictionscotland

Primary SIC45400 — SIC 45400

Registered office

Mitchells Motorcycles Ltd

Delmore

Inverness

IV3 8RG

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-01-01

Last: 2025-12-18

Officers (3 active · 2 resigned)

MATHESON, Heather→

secretary · appointed 2006-11-29

View their other companies + combined net worth →

Active

MATHESON, Heather Jackson→

director · ~58y · appointed 2006-11-29

View their other companies + combined net worth →

Active

MATHESON, Kevin→

director · ~61y · appointed 2006-11-29

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2006-11-29 · resigned 2006-11-29

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2006-11-29 · resigned 2006-11-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	15/11/2007	—

Click column headers to sort. Use filters above to narrow by status and lender.