MM FREIGHT LTD

📉Decliningactive
NI614252 · ltd · incorporated 2012-08-30
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£41.54M
year to Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: strategic trade sale (70/100).

🏦

Refinance opportunity

1 live charge · oldest 3.5y

75/100
ready

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

  • · Charge age ~3.5 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,320,730
Strong revenue growth
Turnover up 22% YoY
Turnover YoY
+22%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Turnover£41.54M£34.08M
Gross profit£3.60M£3.64M
Operating profit£1.55M£2.17M
Profit before tax£1.32M£1.96M
Average employees200400

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 (21 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-09-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-11-16
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  8. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-08-21
    ➖
    O REILLY, Mark resigned
    director
  12. 2019-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-12-06
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  16. 2017-09-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2017-06-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2017-04-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2012-08-30
    🏢
    Company incorporated
    As MM FREIGHT LTD
  20. 2012-08-30
    ➕
    MCLERNON, Michael appointed
    director
  21. 2012-08-30
    ➕
    O REILLY, Mark appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Mclernon
Individual · Irish · DOB 06/1973 · age 53
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mark O Reillyceased 26/04/2017· 25-50% 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 →

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——33226y8781y
WILL FREIGHT SERVICES LIMITED→
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——7716y9458y
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———60031y8774y
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
Incorporated2012-08-30
Jurisdictionnorthern-ireland
Primary SIC49410 — Freight transport by road

Registered office

3 Annesborough Industrial Estate
Lurgan
BT67 9JD
Northern Ireland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30

Officers (1 active · 1 resigned)

MCLERNON, Michael→
director · ~53y · appointed 2012-08-30
View their other companies + combined net worth →
Active
O REILLY, Mark→
director · ~63y · appointed 2012-08-30 · resigned 2020-08-21
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Northern Bank
Northern Bank Limited
A registered charge—16/11/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

accounts-with-accounts-type-full
accounts · AA
2025-09-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-12
termination-director-company-with-name-termination-date
officers · TM01
2020-09-11