HI-TRUCKS (BIRMINGHAM) LIMITED
- · Oldest live charge 15.9y old — refinance window within 12 months
Opportunity 64/100 (worth a look), bankability 70/100. Strong seller-intent signal (65/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 15.9y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 15.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (52 events)Click to expand
- 2018-11-20📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2018-11-20🏁Company dissolved
- 2018-09-04📄gazette-notice-voluntarygazette · GAZ1(A)
- 2018-08-28📄dissolution-application-strike-off-companydissolution · DS01
- 2018-06-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-05-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-05-10📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-05-03➖FLETCHER, Andrew Richard resignedsecretary
- 2018-05-03➖FLETCHER, Andrew Richard resigneddirector
- 2017-08-14📄change-person-director-company-with-change-dateofficers · CH01
- 2017-08-14📄change-person-director-company-with-change-dateofficers · CH01
- 2017-06-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-07-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-08-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-08-28📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-01-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-01-22🔓Charge satisfied #1
- 2013-09-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-06-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-11-12📄auditors-resignation-companyauditors · AUD
- 2012-09-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-05-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2011-09-07📄accounts-with-accounts-type-fullaccounts · AA
- 2011-09-06📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-07-30➕CRONIN, Martin James appointeddirector
- 2010-07-30➕FLETCHER, Andrew Richard appointedsecretary
- 2010-07-30➖MASON, Ian James resignedsecretary
- 2010-07-30➖BACHELOR, David Michael resigneddirector
- 2010-07-30➖BAKER, Mark Charles resigneddirector
- 2010-07-30➕FLETCHER, Andrew Richard appointeddirector
- 2010-07-30➖FRANKHAM, John Samuel resigneddirector
- 2010-07-30➖MASON, Ian James resigneddirector
- 2010-07-30➖MASON, James Bryan resigneddirector
- 2010-07-30🔒Charge registered #2Lender: Hsbc Bank PLC (The "Lender")
- 2010-07-30🔒Charge registered #1Lender: Crossroads Group Limited
- 2008-12-31➖GOODE, John Frederick resigneddirector
- 2008-06-12➖BACHELOR, Brian Edward resigneddirector
- 2006-08-25🏢Company incorporatedAs HI-TRUCKS (BIRMINGHAM) LIMITED
- 2006-08-25➕MASON, Ian James appointedsecretary
- 2006-08-25➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2006-08-25➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2006-08-25➕BACHELOR, Brian Edward appointeddirector
- 2006-08-25➕BACHELOR, David Michael appointeddirector
- 2006-08-25➕BAKER, Mark Charles appointeddirector
- 2006-08-25➕FRANKHAM, John Samuel appointeddirector
- 2006-08-25➕GOODE, John Frederick appointeddirector
- 2006-08-25➕MASON, Ian James appointeddirector
- 2006-08-25➕MASON, James Bryan appointeddirector
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.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 20 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
1 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2018-11-20
Group structure
Hartshorne Motor Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Hartshorne Motor Services Limited Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence | 06/04/2016 |
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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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 →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 (0 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC (The "Lender") | Debenture | 1 property | 30/07/2010 | — | |
| satisfied | Crossroads Group Crossroads Group Limited | Debenture | 1 property | 30/07/2010 | 22/01/2014 |