INSTITUTION OF HIGHWAYS AND TRANSPORTATION(THE)

🌳Matureactive
00252735 · private-limited-guarant-nsc · incorporated 1930-12-13
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 31.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 31.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 31.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (73/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
100 officers (3 active, 100 linked, 97 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
335 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31

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

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 (194 events)Click to expand
  1. 2025-07-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-08-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-08-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-10-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-08-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-08-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-07-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-07-23
    ➕
    BAKER, Gordon James appointed
    director
  10. 2021-08-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-07-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2019-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2019-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-09-11
    ➕
    JOHNSTONE, Neil appointed
    director
  17. 2019-09-11
    ➖
    BROWN, Peter Martin Charles resigned
    director
  18. 2019-05-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2018-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2017-09-06
    ➕
    PERCY, Sue appointed
    secretary
  22. 2017-09-06
    ➖
    ALLISTER, Geoffrey Wilfred resigned
    director
  23. 2017-09-06
    ➖
    ANDERSON, David resigned
    director
  24. 2017-09-06
    ➕
    BROWN, Peter Martin Charles appointed
    director
  25. 2017-09-06
    ➖
    ELPHICK, Roger Ian resigned
    director
  26. 2017-09-06
    ➖
    GILLHAM, David George Allan resigned
    director
  27. 2017-09-06
    ➖
    JACKSON, Christopher Paul resigned
    director
  28. 2012-02-20
    ➖
    LEWIS, Mary resigned
    secretary
  29. 2011-08-02
    ➖
    BAILIE, Herbert John Hastings resigned
    director
  30. 2011-08-02
    ➖
    CHILD, Stephen Mccarron resigned
    director
  31. 2011-08-02
    ➖
    HUGILL, Andrew John resigned
    director
  32. 2009-06-24
    ➕
    ANDERSON, David appointed
    director
  33. 2008-08-28
    🔒
    Charge registered #2
    Lender: Unity Trust Bank PLC
  34. 2008-06-25
    ➕
    CHILD, Stephen Mccarron appointed
    director
  35. 2008-06-25
    ➖
    HAYDOCK, David Alistair resigned
    director
  36. 2007-06-26
    ➕
    ALLISTER, Geoffrey Wilfred appointed
    director
  37. 2007-06-26
    ➕
    BAILIE, Herbert John Hastings appointed
    director
  38. 2007-06-26
    ➖
    BORDISS, Michael Kendrick resigned
    director
  39. 2007-06-26
    ➖
    FRASER, Duncan Murray resigned
    director
  40. 2007-06-26
    ➕
    GILLHAM, David George Allan appointed
    director
  41. 2007-06-26
    ➖
    HUTCHINSON, David Anthony resigned
    director
  42. 2006-06-27
    ➖
    ALLISTER, Geoffrey Wilfred resigned
    director
  43. 2006-06-27
    ➖
    ATTWOOD, Richard John resigned
    director
  44. 2006-06-27
    ➖
    BAILIE, Herbert John Hastings resigned
    director
  45. 2006-06-27
    ➖
    BEATTIE, John Mathieson resigned
    director
  46. 2006-06-27
    ➖
    BICZYSKO, Stephen John resigned
    director
  47. 2006-06-27
    ➖
    CARPENTER, Katherine Mary resigned
    director
  48. 2006-06-27
    ➖
    CHILD, Stephen Mccarron resigned
    director
  49. 2006-06-27
    ➖
    COULTAS, David Joseph resigned
    director
  50. 2006-06-27
    ➖
    CROSSLEY, Richard resigned
    director
Showing most recent 50 of 194 events

Owner dependency

73/100
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.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 96 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →
🔒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
Typeprivate-limited-guarant-nsc
Incorporated1930-12-13
Jurisdictionengland-wales
Primary SIC74990 — Non-trading company

Registered office

119 Britannia Walk
London
N1 7JE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-16
Last: 2025-08-02

Officers (3 active · 182 resigned)

PERCY, Sue→
secretary · appointed 2017-09-06
View their other companies + combined net worth →
Active
BAKER, Gordon James→
director · ~69y · appointed 2022-07-23
View their other companies + combined net worth →
Active
JOHNSTONE, Neil→
director · ~70y · appointed 2019-09-11
View their other companies + combined net worth →
Active
CRAGG, Martin Robert, Dr→
secretary · resigned 2001-12-10
Resigned
LEWIS, Mary→
secretary · appointed 2001-12-10 · resigned 2012-02-20
Resigned
ALLISTER, Geoffrey Wilfred→
director · ~74y · appointed 2007-06-26 · resigned 2017-09-06
Resigned
ALLISTER, Geoffrey Wilfred→
director · ~74y · appointed 2004-06-29 · resigned 2006-06-27
Resigned
ALLSOP, Richard Edward→
director · ~86y · resigned 1996-07-02
Resigned
ANDERSON, David→
director · ~61y · appointed 2009-06-24 · resigned 2017-09-06
Resigned
ATTWOOD, Richard John→
director · ~72y · appointed 2003-06-24 · resigned 2006-06-27
Resigned
BAILES, Alan→
director · ~75y · appointed 1999-07-01 · resigned 2005-06-28
Resigned
BAILIE, Herbert John Hastings→
director · ~79y · appointed 2007-06-26 · resigned 2011-08-02
Resigned
BAILIE, Herbert John Hastings→
director · ~79y · appointed 2005-07-28 · resigned 2006-06-27
Resigned
BAILIE, Herbert John Hastings→
director · ~79y · appointed 1999-07-01 · resigned 2004-06-29
Resigned
BASKEYFIELD, Keith→
director · ~76y · appointed 1997-07-01 · resigned 2000-07-04
Resigned
BAYLISS, David→
director · ~88y · appointed 1992-07-07 · resigned 1994-07-05
Resigned
BEATTIE, John Mathieson→
director · ~87y · appointed 2003-06-24 · resigned 2006-06-27
Resigned
BEATTIE, John Mathieson→
director · ~87y · appointed 1994-07-05 · resigned 1997-07-01
Resigned
BICZYSKO, Stephen John→
director · ~79y · appointed 2003-06-25 · resigned 2006-06-27
Resigned
BILL, James Ingram→
director · ~94y · appointed 1992-07-07 · resigned 1995-07-04
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Unity Trust Bank
Unity Trust Bank PLC
Legal charge1 property28/08/2008—
satisfied
Norwich Union Mortgage Finance
Norwich Union Mortgage Finance Limited
Deed of legal charge and mortgage1 property12/06/199506/09/2001
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (335 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-13
accounts-with-accounts-type-dormant
accounts · AA
2025-07-03
accounts-with-accounts-type-dormant
accounts · AA
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
termination-director-company-with-name-termination-date
officers · TM01
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-dormant
accounts · AA
2023-05-31
termination-director-company-with-name-termination-date
officers · TM01
2022-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
appoint-person-director-company-with-name-date
officers · AP01
2022-08-02
termination-director-company-with-name-termination-date
officers · TM01
2022-08-02
accounts-with-accounts-type-dormant
accounts · AA
2022-07-28
accounts-with-accounts-type-dormant
accounts · AA
2021-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-03