AUTO ELITE RETAIL LTD

💤Zombieactive
SC639965 · ltd · incorporated 2019-08-28
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
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Turnover
year to Dec 2024
Net worth
£-44.1k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 3.4y

35/100
under pressure

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

  • · Charge age ~3.4 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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
Negative net assets
Liabilities exceed assets by £44,123
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£188
↓ 96% YoY
Net Worth
-£44k
↓ 149% YoY
Current Assets
£57k
↓ 20% YoY
Current Liabilities
-£44k-£21k£2k£25k£49k£72kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-44.1k£-17.7k
Current assets£57.3k£71.7k
Cash£188£4.6k
Debtors£589£931
Net assets£-44.1k£-17.7k

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-12-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2022-11-23
    🔒
    Charge registered #1
    Lender: Gregory Francis Mcphail
  6. 2022-01-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-01-18
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  8. 2022-01-18
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2021-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-04-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2021-03-30
    MCPHAIL, Catherine resigned
    director
  12. 2020-10-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-10-27
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  14. 2019-08-28
    🏢
    Company incorporated
    As AUTO ELITE RETAIL LTD
  15. 2019-08-28
    MCPHAIL, Gregory appointed
    director
  16. 2019-08-28
    MCPHAIL, Catherine appointed
    director
  17. 2019-08-28
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
NameSharesVoting rightsNature of controlNotified
Mr Greg Mcphail
Individual · British · DOB 02/1962 · age 64
5075%
50-75% shares28/08/2019

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2019-08-28
Jurisdictionscotland
Primary SIC45112 — SIC 45112

Registered office

6 Miller Road
Ayr
KA7 2AY
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27

Officers (1 active · 1 resigned)

MCPHAIL, Gregory
director · ~64y · appointed 2019-08-28
View their other companies + combined net worth →
Active
MCPHAIL, Catherine
director · ~61y · appointed 2019-08-28 · resigned 2021-03-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Gregory Francis Mcphail
A registered charge23/11/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (18 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-05
accounts-with-accounts-type-dormant
accounts · AA
2022-01-18
change-account-reference-date-company-previous-extended
accounts · AA01
2022-01-18
certificate-change-of-name-company
change-of-name · CERTNM
2022-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-02
accounts-with-accounts-type-dormant
accounts · AA
2021-05-20
termination-director-company-with-name-termination-date
officers · TM01
2021-04-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-10-27