CARS RECOVERY LIMITED
- · Oldest live charge 18.2y old — refinance window within 12 months
Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 18.2y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 18.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-10-31 | 2024-10-31 |
|---|---|---|
| Total assets | £688.3k | — |
| Current assets | £459.7k | — |
| Cash | £231.6k | — |
| Debtors | £228.0k | — |
| Net assets | £186.5k | — |
| Average employees | — | 2000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 accounts
Corporate timeline (30 events)Click to expand
- 2026-04-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-30📄change-person-director-company-with-change-dateofficers · CH01
- 2020-05-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-09-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-08-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2018-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-08📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2017-10-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-06-21➕PATTERSON, Philip Alexander Crofts appointeddirector
- 2014-05-13🔒Charge registered #2Lender: Mw Trustees Limited
- 2013-04-04🔓Charge satisfied #1
- 2008-05-13➕STRONACHS SECRETARIES LIMITED appointedcorporate-secretary
- 2008-05-13➖STRONACHS resignedcorporate-nominee-secretary
- 2008-02-09🔒Charge registered #1Lender: Bank of Scotland PLC
- 2007-12-21➕PATTERSON, Harry Mark Crofts appointeddirector
- 2007-12-21➕PATTERSON, Mark Alexander Pirie appointeddirector
- 2007-12-21➕PATTERSON, Sally-Anne appointeddirector
- 2007-12-21➖NEILSON, Ewan Craig resignednominee-director
- 2007-11-23🏢Company incorporatedAs CARS RECOVERY LIMITED
- 2007-11-23➕STRONACHS appointedcorporate-nominee-secretary
- 2007-11-23➕NEILSON, Ewan Craig appointednominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Harry Mark Crofts Patterson Individual · British · DOB 09/1987 · age 39 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 14/08/2018 |
3 historic (ceased) PSCs
- Mr Philip Alexander Crofts Pattersonceased 12/09/2019· 25-50% shares · 25-50% voting
- Ms Sally-Anne Miller Pattersonceased 14/08/2018· 25-50% shares · 25-50% voting
- Mr Harry Mark Crofts Pattersonceased 21/07/2017· 25-50% shares · 25-50% voting
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.
See pricing →Similar companies
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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 →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 (5 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Mw Trustees Mw Trustees Limited | A registered charge | 1 property | 13/05/2014 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 09/02/2008 | 04/04/2013 |