EMMEX FREIGHT SERVICES LTD.
🌳Matureactive
03424463 · ltd · incorporated 1997-08-26
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 May 2024
Net worth
£24.8k
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Special-situation opportunityDistressed transport with salvageable qualities — special-situations priority.
Opportunity 68/100 (strong), bankability 47/100. Strong seller-intent signal (60/100, director aged 62). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 24.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £24,773
Net assets shrinking
Down £162,841 YoY
Cash YoY
+399%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£72k
↑ 399% YoY
Net Worth
£25k
↓ 87% YoY
Current Assets
£989k
↑ 17% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £986.5k | £1.23M |
| Current assets | £988.5k | £845.2k |
| Cash | £72.3k | £14.5k |
| Debtors | £895.1k | £810.9k |
| Net assets | £24.8k | £187.6k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2025-06-13📄accounts-with-accounts-type-smallaccounts · AA
- 2024-11-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-15🔓Charge satisfied #2
- 2024-07-12📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-28🔒Charge registered #3Lender: Bibby Financial Services LTD (As Security Trustee)
- 2022-12-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-14📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2022-11-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-11-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-11-09➕HEADS, Nick appointeddirector
- 2022-11-09➕HICKEY, Thomas Anthony appointeddirector
- 2022-11-09➖HARE, Sandra Denise resignedsecretary
- 2022-11-09➖HARE, Raymond Malcolm resigneddirector
- 2022-09-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-09-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-05🔓Charge satisfied #1
- 2022-07-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2010-03-17➖HARE, Malcolm Thomas resignedsecretary
- 2010-03-17➕HARE, Sandra Denise appointedsecretary
- 2007-08-28🔒Charge registered #2Lender: Barclays Bank PLC
- 2001-10-05🔒Charge registered #1Lender: Close Asset Finance Limited
- 1997-09-30➖HARE, Malcolm Thomas resigneddirector
- 1997-08-26🏢Company incorporatedAs EMMEX FREIGHT SERVICES LTD.
- 1997-08-26➕HARE, Malcolm Thomas appointedsecretary
- 1997-08-26➕CHANCERY BUSINESS COMMUNICATIONS LIMITED appointedcorporate-nominee-secretary
- 1997-08-26➖CHANCERY BUSINESS COMMUNICATIONS LIMITED resignedcorporate-nominee-secretary
- 1997-08-26➕COWAN, Stanford Russell appointednominee-director
- 1997-08-26➖COWAN, Stanford Russell resignednominee-director
- 1997-08-26➕HARE, Malcolm Thomas appointeddirector
- 1997-08-26➕HARE, Raymond Malcolm appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-05-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
R. Thornton & Co. Ltd. is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
R. Thornton & Co. Ltd.
Corporate parent · holds 75-100% shares · board control
⬇
EMMEX FREIGHT SERVICES LTD.
This company · 03424463
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 |
|---|---|---|---|---|
R. Thornton & Co. Ltd. Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 09/11/2022 |
2 historic (ceased) PSCs
- Mr Raymond Malcolm Hareceased 09/11/2022· 25-50% shares · 25-50% voting
- Mrs Sandra Hareceased 09/11/2022· 25-50% shares · 25-50% 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 →Similar companies
Active · Transport & logistics · NE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AR ROBSON LOGISTICS LTD→ 16494861 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARTHUR DELIVERS LTD→ 17035470 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AUTOBEST MD LTD→ 13573674 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AVIANCE UK LIMITED→ 01036291 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| AVM (NEWCASTLE) LIMITED→ 09142742 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| BAKERBOYCOURIERS LTD→ 16711081 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BAMBURGH MOTORS LTD→ 16624946 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BARRIE LOW LTD→ 16867912 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BELLS (GROUP SERVICES) LIMITED→ 01576533 · est 1981 · no financials extracted | — | — | — | — | 44y | — | — |
| BEN ORMSBY LOGISTICS LIMITED→ 16430797 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BENCHMARK 365 LTD→ 12547971 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| BENEDETTI LOGISTICS LTD→ 16275831 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1997-08-26
Jurisdictionengland-wales
Primary SIC49410 — Freight transport by road
Registered office
Emmex Freight Services Limited
Lynefield Park
Ashington
Northumberland
NE63 9YH
United Kingdom
Filing status
Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-09-03
Last: 2025-08-20
Officers (2 active · 6 resigned)
Active
HICKEY, Thomas Anthony→
Activedirector · ~62y · appointed 2022-11-09
View their other companies + combined net worth →
HARE, Malcolm Thomas→
Resignedsecretary · appointed 1997-08-26 · resigned 2010-03-17
HARE, Sandra Denise→
Resignedsecretary · appointed 2010-03-17 · resigned 2022-11-09
CHANCERY BUSINESS COMMUNICATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-08-26 · resigned 1997-08-26
COWAN, Stanford Russell→
Resignednominee-director · ~90y · appointed 1997-08-26 · resigned 1997-08-26
HARE, Malcolm Thomas→
Resigneddirector · ~85y · appointed 1997-08-26 · resigned 1997-09-30
HARE, Raymond Malcolm→
Resigneddirector · ~64y · appointed 1997-08-26 · resigned 2022-11-09
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Financial Services LTD (As Security Trustee) | A registered charge | 4 properties | 28/06/2024 | — | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 28/08/2007 | 15/11/2024 | |
| satisfied | Close Asset Finance Close Asset Finance Limited | Deed of legal charge | 1 property | 05/10/2001 | 05/08/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (90 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-27
accounts-with-accounts-type-small
accounts · AA
2025-06-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-29
accounts-with-accounts-type-small
accounts · AA
2024-07-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-06
change-account-reference-date-company-current-extended
accounts · AA01
2022-11-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-11-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-11-10
termination-director-company-with-name-termination-date
officers · TM01
2022-11-10
appoint-person-director-company-with-name-date
officers · AP01
2022-11-10