RELY MOTORS LTD

🏛️Establishedactive
SC645238 · ltd · incorporated 2019-10-23
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£163.5k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £163,523

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£164k
↑ 71% YoY
Current Assets
£267k
↑ 26% YoY
Current Liabilities
—
£0£53k£107k£160k£214k£267kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-052024-04-05
Total assets£170.8k£125.6k
Current assets£267.1k£211.6k
Net assets£163.5k£95.7k

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 (24 events)Click to expand
  1. 2025-08-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-08-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-08-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-08-28
    📄
    capital-allotment-shares
    capital · SH01
  5. 2025-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-06-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-04-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-12-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-12-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-12-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-12-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2021-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2021-06-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2021-04-01
    ➖
    POVILAITIS, Egidijus resigned
    director
  20. 2020-12-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2020-07-01
    ➕
    POVILAITIS, Kestutis appointed
    director
  22. 2019-12-09
    ➕
    POVILAITIS, Egidijus appointed
    director
  23. 2019-10-23
    🏢
    Company incorporated
    As RELY MOTORS LTD
  24. 2019-10-23
    ➕
    POVILAITIS, Mindaugas appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Diana Douris
Individual · Lithuanian · DOB 08/1967 · age 59
75–100%
75–100%75-100% shares · 75-100% voting09/12/2019
Mr Kestutis Povilaitis
Individual · Lithuanian · DOB 10/1988 · age 38
——sig. influencesignificant influence01/07/2020
Mr Mindaugas Povilaitis
Individual · Lithuanian · DOB 02/1994 · age 32
——sig. influencesignificant influence23/10/2019
1 historic (ceased) PSC
  • Mr Egidijus Povilaitisceased 01/04/2021· significant influence

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2019-10-23
Jurisdictionscotland
Primary SIC45112 — SIC 45112

Registered office

Bankhead Buildings
Kinglassie
Lochgelly
Fife
KY5 0UH
Scotland

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09

Officers (2 active · 1 resigned)

POVILAITIS, Kestutis→
director · ~38y · appointed 2020-07-01
View their other companies + combined net worth →
Active
POVILAITIS, Mindaugas→
director · ~32y · appointed 2019-10-23
View their other companies + combined net worth →
Active
POVILAITIS, Egidijus→
director · ~59y · appointed 2019-12-09 · resigned 2021-04-01
Resigned

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

Recent filings (39 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-28
capital-allotment-shares
capital · SH01
2025-08-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-09
change-person-director-company-with-change-date
officers · CH01
2023-12-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-09