SIX MILE FUELS LTD
Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 200 | 200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (11 events)Click to expand
- 2026-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-10-19📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-11-26🏢Company incorporatedAs SIX MILE FUELS LTD
- 2019-11-26➕STEELE, Daniel Joseph appointeddirector
- 2019-11-26➕STEELE, Martin Archibald appointeddirector
- 2019-11-26📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Daniel Joseph Steele Individual · British · DOB 10/1959 · age 67 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 26/11/2019 |
Martin Archibald Steele Individual · British · DOB 09/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 26/11/2019 |
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
Active · Wholesale & distribution · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CTEC (NI) LIMITED→ NI055929 · est 2005 | £17.92M £13.44M–£22.40M | £21.25M | — | 1300 | 20y | 87 | 66y |
| R. THOMPSON & SON (ARMAGH) LIMITED→ NI007069 · est 1967 | £9.87M £7.40M–£12.34M | — | — | 55 | 58y | 87 | 89y |
| TAILORED IMAGE LTD→ NI034580 · est 1998 | £5.64M £4.23M–£7.05M | £20.80M | — | 11400 | 27y | 93 | 63y |
| W.A.C. MCCANDLESS (ENGINEERS) LIMITED→ NI005177 · est 1962 | £5.13M £3.85M–£6.42M | — | — | 30 | 64y | 88 | 68y |
| FORESTWOOD AGENCIES LIMITED→ NI029479 · est 1995 | £4.47M £3.35M–£5.59M | — | — | 1400 | 31y | 87 | 62y |
| TAYLORS (FYFIN) LIMITED→ NI012103 · est 1977 | £3.11M £2.33M–£3.89M | — | — | 21 | 48y | 87 | 72y |
| EUROCABLES (BELFAST) LIMITED→ NI031739 · est 1996 | £2.29M £1.72M–£2.86M | — | — | 3100 | 29y | 86 | 64y |
| ERWIN AGRI-CARE LIMITED→ NI605964 · est 2011 | £2.00M £1.50M–£2.50M | — | — | 3700 | 15y | 87 | 66y |
| IAN A KERNOHAN (NI) LIMITED→ NI019120 · est 1986 | £370.7k £278.0k–£463.4k | £12.44M | — | 3500 | 40y | 93 | 69y |
| VANDEN RECYCLING LIMITED→ NI611544 · est 2012 | £75.8k £56.8k–£94.7k | — | — | 59 | 14y | 89 | 49y |
| GORTRUSH TRADING LIMITED→ NI602780 · est 2010 | £35.3k £26.5k–£44.2k | — | — | 0 | 16y | 95 | 59y |
| HANNAN MEATS LIMITED→ NI022775 · est 1989 | — | — | — | 2800 | 36y | 87 | 66y |
7 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 (2 active · 0 resigned)
Click a director name to see their full track record across all companies.