C.B. TRANSPORT REFRIGERATION LIMITED

🌳Matureactive
02203868 · ltd · incorporated 1987-12-09
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
Upgrade to see
Turnover
year to Dec 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 33170
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 32.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 32.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
116 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
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
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£0Jun 2025Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312025-06-30
Turnover£11.81M
Gross profit£4.00M
Operating profit£1.86M
Profit before tax£1.79M
Average employees82008200

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
4
filings
  • 3 accounts
  • 1 confirmation-statement
Last 180 days
4
filings
  • 3 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-06-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2026-06-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2025-07-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-06-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-06-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2024-02-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-02-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-10-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2023-10-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2023-10-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2023-09-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2023-09-22
    COLLINS, Robert Sydney resigned
    director
  17. 2023-09-22
    🔒
    Charge registered #5
    Lender: Robert Collins
  18. 2023-09-18
    📄
    capital-cancellation-shares
    capital · SH06
  19. 2023-09-18
    📄
    capital-return-purchase-own-shares
    capital · SH03
  20. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2023-08-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2023-08-08
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  23. 2023-07-31
    COLLINS, Maureen resigned
    secretary
  24. 2023-07-31
    COLLINS, Maureen resigned
    director
  25. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2021-03-19
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  27. 2020-09-09
    🔓
    Charge satisfied #3
  28. 2018-02-05
    COLLINS, Michael resigned
    director
  29. 2015-01-01
    FORREST, John Birkett appointed
    director
  30. 2010-03-04
    COLLINS, Kevin Robert appointed
    director
  31. 2010-03-04
    COLLINS, Michael appointed
    director
  32. 2005-04-29
    🔒
    Charge registered #3
    Lender: Skipton Building Society
  33. 1996-05-31
    MCHUGH, Tracy Ann appointed
    director
  34. 1993-08-24
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  35. 1993-05-31
    MOORE, Graeme James resigned
    secretary
  36. 1991-12-19
    BALDOCK, Stephen James resigned
    secretary
  37. 1991-12-19
    MOORE, Graeme James appointed
    secretary
  38. 1991-12-19
    BALDOCK, Stephen James resigned
    director
  39. 1991-12-19
    COLLINS, Maureen appointed
    director
  40. 1987-12-09
    🏢
    Company incorporated
    As C.B. TRANSPORT REFRIGERATION LIMITED

Owner dependency

60/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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.)

Group structure

Cbtr Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Cbtr Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
C.B. TRANSPORT REFRIGERATION LIMITED
This company · 02203868

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Cbtr Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control22/09/2023
3 historic (ceased) PSCs
  • Mr Kevin Robert Collinsceased 22/09/2023· 25-50% shares · 25-50% voting
  • Mr Kevin Robert Collinsceased 30/05/2025· 75-100% shares
  • Robert Sydney Collinsceased 22/09/2023· 50-75% shares · 50-75% voting

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

🔒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 →

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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
Incorporated1987-12-09
Jurisdictionengland-wales
Primary SIC33170 — SIC 33170

Registered office

Collins House
Overbrook Lane
Knowsley
Merseyside
L34 9FB

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-06-14
Last: 2026-05-31

Officers (3 active · 7 resigned)

COLLINS, Kevin Robert
director · ~50y · appointed 2010-03-04
View their other companies + combined net worth →
Active
FORREST, John Birkett
director · ~52y · appointed 2015-01-01
View their other companies + combined net worth →
Active
MCHUGH, Tracy Ann
director · ~56y · appointed 1996-05-31
View their other companies + combined net worth →
Active
BALDOCK, Stephen James
secretary · resigned 1991-12-19
Resigned
COLLINS, Maureen
secretary · resigned 2023-07-31
Resigned
MOORE, Graeme James
secretary · appointed 1991-12-19 · resigned 1993-05-31
Resigned
BALDOCK, Stephen James
director · ~75y · resigned 1991-12-19
Resigned
COLLINS, Maureen
director · ~76y · appointed 1991-12-19 · resigned 2023-07-31
Resigned
COLLINS, Michael
director · ~46y · appointed 2010-03-04 · resigned 2018-02-05
Resigned
COLLINS, Robert Sydney
director · ~77y · resigned 2023-09-22
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Robert Collins
A registered charge22/09/2023
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property19/03/2021
satisfied
Skipton Building Society
Charge1 property29/04/200509/09/2020
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property24/08/1993
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-30
accounts-with-accounts-type-full
accounts · AA
2026-06-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2026-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-07
change-person-director-company-with-change-date
officers · CH01
2025-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-06
termination-director-company-with-name-termination-date
officers · TM01
2024-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-10-31