EURO CITY EXPRESS LIMITED

🌳Matureactive
06907945 · ltd · incorporated 2009-05-18
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 2025
Net worth
£-8.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 49319
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 49390SIC 49390
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £8,831
Net assets shrinking
Down £28,415 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£9k
↓ 145% YoY
Current Assets
£99k
↑ 56% YoY
Current Liabilities
-£9k£13k£34k£56k£77k£99kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£-8.8k£19.6k
Current assets£98.9k£63.4k
Cash£39.9k
Debtors£23.5k
Net assets£-8.8k£19.6k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-12
    📄
    capital-allotment-shares
    capital · SH01
  5. 2023-09-12
    📄
    capital-allotment-shares
    capital · SH01
  6. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-11-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-05-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2022-05-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2020-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-11-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2012-01-16
    ROBERTSON, David John appointed
    director
  17. 2009-05-18
    🏢
    Company incorporated
    As EURO CITY EXPRESS LIMITED
  18. 2009-05-18
    MANLEY, David appointed
    director

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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

Adventure Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Adventure Holdings Limited
Corporate parent · holds 25-50% shares
significant stake
EURO CITY EXPRESS LIMITED
This company · 06907945

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Adventure Holdings Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting10/05/2022
Mr David Manley
Individual · British · DOB 10/1968 · age 58
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr David John Robertsonceased 10/05/2022· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2009-05-18
Jurisdictionengland-wales
Primary SIC49319 — SIC 49319

Registered office

45 Redwood Glade
Leighton Buzzard
LU7 3JT

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29

Officers (2 active · 0 resigned)

MANLEY, David
director · ~58y · appointed 2009-05-18
View their other companies + combined net worth →
Active
ROBERTSON, David John
director · ~56y · appointed 2012-01-16
View their other companies + combined net worth →
Active

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

Recent filings (44 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-13
capital-allotment-shares
capital · SH01
2023-09-12
capital-allotment-shares
capital · SH01
2023-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
change-person-director-company-with-change-date
officers · CH01
2022-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-05-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27