NORTH EAST TRUCK & VAN LIMITED

🌳Matureactive

02786349 · ltd · incorporated 1993-02-03

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

£59.91M

year to Jan 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Sale of new cars and light motor vehicles

Sector: Wholesale & retail

ALSO REGISTERED FOR

45190SIC 45190
45200SIC 45200
45320Retail trade of motor vehicle parts and accessories

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 14 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

19 live charges · 10 lenders · oldest 34.3y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 34.3 years old — likely at or near maturity.
· 10 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

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, 4 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

19 charges (19/19 with lender, 19/19 with type)

Directors & officers

29 officers (7 active, 29 linked, 24 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

191 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £106,000

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31
Turnover	£59.91M
Gross profit	£10.17M
Operating profit	£297.0k
Profit before tax	£106.0k
Average employees	23100

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

🔒Filing-note intelligence

3 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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (107 events)Click to expand

2026-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-05-31
➖
CHAFER, Nigel John resigned
director
2025-10-30
📄
accounts-with-accounts-type-full
accounts · AA
2025-10-08
➕
ALETE, Christopher Uchegbu appointed
secretary
2025-10-08
➕
ALETE, Christopher Uchegbu appointed
director
2025-10-08
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-21
🔓
Charge satisfied #17
2025-01-08
➕
CHAFER, Nigel John appointed
director
2025-01-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-07-25
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-28
➖
JACKSON, David Alistair, Brooke resigned
director
2023-08-10
📄
accounts-with-accounts-type-full
accounts · AA
2023-02-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-28
➖
LARRY, Mark resigned
director
2023-01-26
📄
second-filing-notification-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC02
2022-08-31
📄
accounts-with-accounts-type-full
accounts · AA
2022-08-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-03
🔓
Charge satisfied #16
2022-08-03
🔓
Charge satisfied #15
2022-08-03
🔓
Charge satisfied #14
2022-07-29
🔒
Charge registered #19
Lender: National Westminster Bank PLC
2022-07-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-18
🔒
Charge registered #18
Lender: National Westminster Bank PLC
2021-09-04
📄
accounts-with-accounts-type-full
accounts · AA
2020-10-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-08-10
➖
WHITTAKER, Norman resigned
director
2020-07-24
➕
LARRY, Mark appointed
director
2016-08-01
➕
KNIGHT, Paula Marie appointed
director
2016-08-01
➕
MCDONALD, John William appointed
director
2015-02-06
➖
WELCH, Martin resigned
secretary
2015-02-06
➖
WELCH, Martin resigned
director
2015-01-23
🔒
Charge registered #17
Lender: Alexander William Mcdonald as Security Trustee for and on Behalf of the Noteholders (As Defined in the Debenture)
2015-01-20
🔒
Charge registered #16
Lender: Lloyds Bank PLC
2013-03-07
➕
HOPKINS, Ian Thomas appointed
director
2012-02-29
➖
KIDD, Alistair Douglas resigned
director
2012-01-04
➕
WELCH, Martin appointed
director
2011-09-01
🔓
Charge satisfied #13
2011-09-01
🔓
Charge satisfied #12
2011-08-30
➖
BEADNELL, William resigned
director
2011-07-06
➕
WELCH, Martin appointed
secretary
2011-06-27
➕
JACKSON, David Alistair, Brooke appointed
director
2010-12-24
➖
CARRICK, Cedric resigned
director
2010-03-31
➖
NICHOLSON, Andrew William resigned
secretary
2010-03-31
➖
NICHOLSON, Andrew William resigned
director

Showing most recent 50 of 107 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

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

North East Truck & Van Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

North East Truck & Van Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

NORTH EAST TRUCK & VAN LIMITED

This company · 02786349

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%

Name	Shares	Voting rights	Nature of control	Notified
North East Truck & Van Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Automotive · TS postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A & M AUTOS LTD→ 13531427 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
A1 VEHICLE SOLUTIONS NORTHEAST LIMITED→ 15781706 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
A66 TYRES LIMITED→ 04185528 · est 2001 · no financials extracted	—	—	—	—	25y	—	—
AA MOTORS (NORTH EAST) LIMITED→ 10424074 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ACE AUTOS NE LTD→ 16702421 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ACKLAM CAR CENTRE LIMITED→ 04172442 · est 2001 · no financials extracted	—	—	—	—	25y	—	—
ADVANCED CLUTCH LTD→ 16359066 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AERIAL ACCESS HIRE LIMITED→ 10603517 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
AFMX LTD→ 16149314 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ALD CAR AND COMMERCIAL LTD→ 13881714 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AM26 LTD→ 17017211 · est 2026 · no financials extracted	—	—	—	—	—	—	—
AMBRO TRANSPORT & RECOVERY LTD→ 10660446 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

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

Incorporated1993-02-03

Jurisdictionengland-wales

Primary SIC45111 — Sale of new cars and light motor vehicles

Registered office

Cowpen Bewley Road

Haverton Hill

Billingham

Cleveland

TS23 4EX

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-02-14

Last: 2026-01-31