TST TRANSPORT LTD

🌳Matureactive
NI617002 · ltd · incorporated 2013-02-25
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 Nov 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒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
ALSO REGISTERED FOR
  • 52290Other transportation support activities
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).

🏦

Refinance opportunity

6 live charges · 6 lenders · oldest 13.2y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 13.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
58 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
73/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £132,429

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£1.2m£2.3m£3.5m£4.6m£5.8mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Profit before tax£132.4k—
Total assets—£5.95M
Current assets—£5.78M
Cash—£419.4k
Debtors—£5.21M
Net assets—£774.4k
Average employees93—

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

🔒Filing-note intelligence

5 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 (35 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-05-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-01-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-01-01
    ➕
    SCULLION, Thomas James appointed
    director
  6. 2024-01-01
    ➖
    SCULLION, Thomas James resigned
    director
  7. 2023-12-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-12-21
    🔒
    Charge registered #6
    Lender: Growth Finance Fund General Partner Limited as General Partner for and on Behalf of Growth Finance Fund LP
  9. 2023-08-15
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  10. 2023-08-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-12-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-11-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-12-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2021-12-03
    🔒
    Charge registered #5
    Lender: NI Growth Loan Fund Ii LP
  15. 2021-02-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2020-12-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2019-04-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2019-04-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2019-04-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  20. 2019-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2019-01-28
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2019-01-23
    🔒
    Charge registered #4
    Lender: NI Growth Loan Fund Ii General Partner Limited in Its Capacity as General Partner for and on Behalf of NI Growth Loan Fund Ii LP
  23. 2017-02-06
    🔓
    Charge satisfied #2
  24. 2017-02-06
    🔓
    Charge satisfied #1
  25. 2016-11-10
    🔒
    Charge registered #3
    Lender: Close Brothers Limited (The "Security Trustee")
  26. 2015-09-17
    ➖
    REID, John resigned
    director
  27. 2015-06-25
    ➕
    REID, Maire-Claire appointed
    director
  28. 2015-06-25
    ➖
    CONNOLLY, Clifford resigned
    director
  29. 2015-01-15
    🔒
    Charge registered #2
    Lender: NI Growth Fund LP Acting by and Through Its General Partner NI Growth Loan Fund General Partner Limited
  30. 2014-05-23
    ➕
    CONNOLLY, Clifford appointed
    director
  31. 2013-06-01
    ➖
    REID, Liam resigned
    director
  32. 2013-03-22
    🔒
    Charge registered #1
    Lender: Keys Commercial Finance LTD
  33. 2013-02-25
    🏢
    Company incorporated
    As TST TRANSPORT LTD
  34. 2013-02-25
    ➕
    REID, John appointed
    director
  35. 2013-02-25
    ➕
    REID, Liam 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

50/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Tst Holdings (Ni) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Tst Holdings (Ni) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
TST TRANSPORT LTD
This company · NI617002

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%
NameSharesVoting rightsNature of controlNotified
Tst Holdings (Ni) Limited
Corporate entity
75–100%
—75-100% shares20/09/2018
2 historic (ceased) PSCs
  • Robert Graham Fergusonceased 20/09/2018· 25-50% shares · 25-50% voting
  • Miss Maire Claire Reidceased 20/09/2018· 50-75% shares · 50-75% voting · board control

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
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
PATMOND ENERGY LIMITED→
NI030470 · est 1996
£10.68M
£8.01M–£13.35M
£40.12M—40030y8776y
ARDBOE COLDSTORE LTD→
NI049805 · est 2004
£8.82M
£6.62M–£11.03M
£15.26M—1220022y9267y
MOTIS IRELAND LIMITED→
NI043780 · est 2002
£8.42M
£6.31M–£10.52M
£57.92M—590023y8459y
MM FREIGHT LTD→
NI614252 · est 2012
£6.21M
£4.65M–£7.76M
£41.54M—20013y8853y
LOANE TRANSPORT LIMITED→
NI016810 · est 1983
£6.20M
£4.65M–£7.75M
£25.10M—1350042y8771y
ASAP CARGO LTD→
NI064810 · est 2007
£5.50M
£4.12M–£6.87M
£16.92M—500019y9153y
MCCONAGHY REFRIGERATED DISTRIBUTION LIMITED→
NI626237 · est 2014
£4.96M
£3.72M–£6.21M
£12.21M—610011y8458y
B.P. MCKEEFRY LIMITED→
NI028403 · est 1994
£4.62M
£3.47M–£5.78M
£23.77M—1100032y8861y
EXPRESS DISTRIBUTION SERVICES LTD→
NI033129 · est 1997
£3.52M
£2.64M–£4.40M
£9.88M—600028y8765y
R BARKLEY & SONS LIMITED→
NI038757 · est 2000
£2.00M
£1.50M–£2.50M
£14.06M—870025y8772y
MULGREW HAULAGE LIMITED→
NI038151 · est 2000
£1.89M
£1.41M–£2.36M
——33226y8781y
WILL FREIGHT SERVICES LIMITED→
NI013381 · est 1979
£639.5k
£479.6k–£799.4k
£786.2k—40047y8763y
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
Incorporated2013-02-25
Jurisdictionnorthern-ireland
Primary SIC49410 — Freight transport by road

Registered office

The John Reid Logistics Park
190 Raceview Road
Ballymena
BT42 4HZ
Northern Ireland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (1 active · 4 resigned)

REID, Maire-Claire→
director · ~34y · appointed 2015-06-25
View their other companies + combined net worth →
Active
CONNOLLY, Clifford→
director · ~70y · appointed 2014-05-23 · resigned 2015-06-25
Resigned
REID, John→
director · ~32y · appointed 2013-02-25 · resigned 2015-09-17
Resigned
REID, Liam→
director · ~56y · appointed 2013-02-25 · resigned 2013-06-01
Resigned
SCULLION, Thomas James→
director · ~50y · appointed 2024-01-01 · resigned 2024-01-01
Resigned

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

Mortgages & charges

6
Total charges
4
Outstanding
4
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Growth Finance Fund General Partner as General Partner for and on Behalf of Growth Finance Fund LP
Growth Finance Fund General Partner Limited as General Partner for and on Behalf of Growth Finance Fund LP
A registered charge—21/12/2023—
outstanding
NI Growth Loan Fund Ii LP
A registered charge—03/12/2021—
outstanding
NI Growth Loan Fund Ii General Partner in Its Capacity as General Partner for and on Behalf of NI Growth Loan Fund Ii LP
NI Growth Loan Fund Ii General Partner Limited in Its Capacity as General Partner for and on Behalf of NI Growth Loan Fund Ii LP
A registered charge—23/01/2019—
outstanding
Close Brothers
Close Brothers Limited (The "Security Trustee")
A registered charge—10/11/2016—
satisfied
NI Growth Fund LP Acting by and Through Its General Partner NI Growth Loan Fund General Partner
NI Growth Fund LP Acting by and Through Its General Partner NI Growth Loan Fund General Partner Limited
A registered charge—15/01/201506/02/2017
satisfied
Keys Commercial Finance
Keys Commercial Finance LTD
All assets debenture1 property22/03/201306/02/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-03
accounts-with-accounts-type-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-10
termination-director-company-with-name-termination-date
officers · TM01
2024-03-13
appoint-person-director-company-with-name-date
officers · AP01
2024-01-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-13
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-08-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-02
change-person-director-company-with-change-date
officers · CH01
2022-12-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-12-08