LOGISTICS (TEESSIDE) LIMITED
Opportunity 34/100 (pass), bankability 12/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (80/100). Current lenders should be on immediate intervention.
Refinance opportunity
5 live charges · 5 lenders · oldest 24.3y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 24.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2020-09-30 |
|---|---|
| Average employees | 7800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 insolvency
- • 1 insolvency
- • 1 insolvency
Corporate timeline (58 events)Click to expand
- 2026-05-22⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2025-05-13⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-05-11⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2023-03-29⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2023-03-29⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2023-03-28📄resolutionresolution · RESOLUTIONS
- 2023-03-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-28⚠️liquidation-voluntary-arrangement-completioninsolvency · CVA4
- 2022-11-14⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · CVA3
- 2021-11-23⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · CVA3
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-12-11⚠️liquidation-cva-supervisors-abstract-of-receipts-payments-with-brought-down-dateinsolvency · CVA3
- 2020-11-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-13🔒Charge registered #5Lender: Advantedge Commercial Finance (North) Limited
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-24⚠️liquidation-voluntary-arrangement-meeting-approving-companies-voluntary-arrangementinsolvency · CVA1
- 2019-08-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-10-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-09-28🔒Charge registered #4Lender: Close Brothers Limited
- 2018-09-21➖LAWSON, David Bryan resigneddirector
- 2018-09-21➖MCLAREN, Paul resigneddirector
- 2018-09-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-09-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2018-09-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-09-21🔓Charge satisfied #3
- 2018-09-17🔓Charge satisfied #2
- 2018-09-07➕SIMPSON, Graham Patrick appointeddirector
- 2018-09-06➖WILBY, Andrew resigneddirector
- 2017-02-22➕MCLAREN, Paul appointeddirector
- 2016-07-03➖WILSON, Donna Louise resignedsecretary
- 2016-07-03➖WILSON, Donna Louise resigneddirector
- 2015-10-02➕LAWSON, David Bryan appointeddirector
- 2015-10-02➕WILBY, Andrew appointeddirector
- 2015-05-31➖BARKER, Helen resigneddirector
- 2015-05-31➖ROBINSON, David Richard resigneddirector
- 2014-05-15➖WILSON, Kevin Edward resigneddirector
- 2012-06-01➕BARKER, Helen appointeddirector
- 2012-06-01➕ROBINSON, David Richard appointeddirector
- 2010-01-14🔓Charge satisfied #1
- 2009-04-30🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2009-04-23🔒Charge registered #2Lender: National Westminster Bank PLC
- 2002-05-01➕WILSON, Donna Louise appointeddirector
- 2002-03-04🔒Charge registered #1Lender: Barclays Bank PLC
- 2001-12-01➖FAIRGRIEVE, Ian David resignedsecretary
- 2001-12-01➕WILSON, Donna Louise appointedsecretary
- 2001-05-24➕FAIRGRIEVE, Ian David appointedsecretary
- 2001-05-24➖MITCHELL, Olive resignedsecretary
- 2001-05-24➖CONWAY, Steven Robert resigneddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
4 high · 1 med ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2022-09-29
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2021-10-05
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-22: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date; 2025-05-13: liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-date
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graham Patrick Simpson Individual · British · DOB 03/1968 · age 58 | 75–100% | — | 75-100% shares | 21/09/2018 |
1 historic (ceased) PSC
- Classic Carriers Ltdceased 21/09/2018· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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12 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 →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
Registered office
Filing status
Officers (1 active · 13 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Advantedge Commercial Finance (North) Advantedge Commercial Finance (North) Limited | A registered charge | 1 property | 13/11/2020 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | — | 28/09/2018 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Debenture | 1 property | 30/04/2009 | 21/09/2018 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 23/04/2009 | 17/09/2018 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 04/03/2002 | 14/01/2010 |