ASAP CARGO LTD

📈Growthactive

NI064810 · ltd · incorporated 2007-05-22

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 7.7y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

£16.92M

year to May 2025

Net worth

—

book net assets

Opportunity

78/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Freight transport by road

Sector: Transportation & storage

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

2 live charges · oldest 7.7y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 7.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (4 active, 7 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

64 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

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

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 £1,353,542

Strong revenue growth

Turnover up 16% YoY

Turnover YoY

+16%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-05-31	2024-05-31
Turnover	£16.92M	£14.63M
Gross profit	£5.14M	£4.84M
Operating profit	£1.37M	£1.49M
Profit before tax	£1.35M	£1.49M
Average employees	5000	4700

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2025-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2025-11-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-21
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-02
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-02
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-02
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-24
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-22
📄
change-person-secretary-company-with-change-date
officers · CH03
2024-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-26
📄
accounts-with-accounts-type-full
accounts · AA
2023-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-18
➕
GILBERT, Chris appointed
director
2023-12-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-08-16
➖
VIERA, Michael resigned
director
2018-10-18
🔒
Charge registered #2
Lender: Northern Bank Limited
2018-10-18
🔒
Charge registered #1
Lender: Northern Bank Limited
2017-12-07
➕
VIERA, Michael appointed
director
2013-07-25
➕
DAVIDSON, Stephen appointed
director
2007-05-25
➕
ADAMSON, Judith appointed
secretary
2007-05-25
➖
MCCONVILLE, Malachi resigned
secretary
2007-05-22
🏢
Company incorporated
As ASAP CARGO LTD
2007-05-22
➕
ADAMSON, Mark James appointed
director
2007-05-22
➕
KANE, Dorothy May appointed
secretary
2007-05-22
➖
KANE, Dorothy May resigned
secretary
2007-05-22
➕
MCCONVILLE, Malachi appointed
secretary

Owner dependency

60/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

43/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondary12+ year tenure: Director in role 19 years.
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

Adamson Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Adamson Holdings Limited

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

ultimate parent

⬇

ASAP CARGO LTD

This company · NI064810

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
Adamson Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/11/2025

1 historic (ceased) PSC

Mr Mark James Adamsonceased 20/11/2025· 75-100% shares

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 · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PATMOND ENERGY LIMITED→ NI030470 · est 1996	£10.68M £8.01M–£13.35M	£40.12M	—	400	30y	87	76y
ARDBOE COLDSTORE LTD→ NI049805 · est 2004	£8.82M £6.62M–£11.03M	£15.26M	—	12200	22y	92	67y
MOTIS IRELAND LIMITED→ NI043780 · est 2002	£8.42M £6.31M–£10.52M	£57.92M	—	5900	23y	84	59y
MM FREIGHT LTD→ NI614252 · est 2012	£6.21M £4.65M–£7.76M	£41.54M	—	200	13y	88	53y
LOANE TRANSPORT LIMITED→ NI016810 · est 1983	£6.20M £4.65M–£7.75M	£25.10M	—	13500	42y	87	71y
MCCONAGHY REFRIGERATED DISTRIBUTION LIMITED→ NI626237 · est 2014	£4.96M £3.72M–£6.21M	£12.21M	—	6100	11y	84	58y
B.P. MCKEEFRY LIMITED→ NI028403 · est 1994	£4.62M £3.47M–£5.78M	£23.77M	—	11000	32y	88	61y
EXPRESS DISTRIBUTION SERVICES LTD→ NI033129 · est 1997	£3.52M £2.64M–£4.40M	£9.88M	—	6000	28y	87	65y
R BARKLEY & SONS LIMITED→ NI038757 · est 2000	£2.00M £1.50M–£2.50M	£14.06M	—	8700	25y	87	72y
MULGREW HAULAGE LIMITED→ NI038151 · est 2000	£1.89M £1.41M–£2.36M	—	—	332	26y	87	81y
WILL FREIGHT SERVICES LIMITED→ NI013381 · est 1979	£639.5k £479.6k–£799.4k	£786.2k	—	400	47y	87	63y
A1 TRANSPORT (NI) LTD→ NI073250 · est 2009	£301.3k £226.0k–£376.6k	—	—	77	16y	94	58y

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

Incorporated2007-05-22

Jurisdictionnorthern-ireland

Primary SIC49410 — Freight transport by road

Registered office

Larne Logistics Park Drumahoe Road

Millbrook

Larne

BT40 2SN

Northern Ireland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-18

Last: 2025-06-04

Officers (4 active · 3 resigned)

ADAMSON, Judith→

secretary · appointed 2007-05-25

View their other companies + combined net worth →

Active

ADAMSON, Mark James→

director · ~49y · appointed 2007-05-22

View their other companies + combined net worth →

Active

DAVIDSON, Stephen→

director · ~53y · appointed 2013-07-25

View their other companies + combined net worth →

Active

GILBERT, Chris→

director · ~42y · appointed 2023-12-18

View their other companies + combined net worth →

Active

KANE, Dorothy May→

secretary · appointed 2007-05-22 · resigned 2007-05-22

Resigned

MCCONVILLE, Malachi→

secretary · appointed 2007-05-22 · resigned 2007-05-25

Resigned

VIERA, Michael→

director · ~54y · appointed 2017-12-07 · resigned 2019-08-16

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Northern Bank Northern Bank Limited	A registered charge	2 properties	18/10/2018	—
	outstanding	Northern Bank Northern Bank Limited	A registered charge	2 properties	18/10/2018	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-full

accounts · AA

2025-12-23

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-11-21

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-11-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-04

change-person-director-company-with-change-date

officers · CH01

2025-06-02

change-person-director-company-with-change-date

officers · CH01

2025-06-02

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-06-02

accounts-with-accounts-type-full

accounts · AA

2025-02-24

confirmation-statement-with-updates

confirmation-statement · CS01

2024-07-22

change-person-director-company-with-change-date

officers · CH01

2024-07-22

change-person-director-company-with-change-date

officers · CH01

2024-07-22

change-person-secretary-company-with-change-date

officers · CH03

2024-07-22

change-person-director-company-with-change-date

officers · CH01

2024-07-22

change-person-director-company-with-change-date

officers · CH01

2024-07-22

change-person-director-company-with-change-date

officers · CH01

2024-07-22