WEST MERCIA FORK TRUCK SERVICE LIMITED
- 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Opportunity 78/100 (strong), bankability 67/100. 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. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
6 live charges · 5 lenders · oldest 44.2y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 44.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Turnover | £11.04M | — |
| Gross profit | £4.71M | — |
| Profit before tax | £884.1k | — |
| Average employees | 5700 | 5200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 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
Corporate timeline (44 events)Click to expand
- 2026-01-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-03-31➖PATRICK, Arthur resigneddirector
- 2024-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-11-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-01➕PATRICK, Arthur appointeddirector
- 2021-10-26➖PUGH, Dean Kerry resignedsecretary
- 2021-10-26➖PUGH, Dean Kerry resigneddirector
- 2021-10-26➖PUGH, Elaine Michele resigneddirector
- 2021-08-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-08-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-01➕PUGH, David Jonathan appointeddirector
- 2020-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-01➕DRAPER, Glenn appointeddirector
- 2017-04-30➖PUGH, Keith Anthony resigneddirector
- 2016-04-11🔒Charge registered #7Lender: The Co-Operative Bank P.L.C.
- 2015-11-30➖PUGH, Kim David resigneddirector
- 2015-11-30➖PUGH, Melanie Ann resigneddirector
- 2012-07-20➕PUGH, Mark Anthony appointeddirector
- 2010-06-08🔓Charge satisfied #4
- 2008-02-13🔓Charge satisfied #3
- 2008-02-13🔓Charge satisfied #2
- 1998-06-17➕PUGH, Elaine Michele appointeddirector
- 1994-07-27🔓Charge satisfied #6
- 1992-08-04➖PUERH, Kathryn resigneddirector
- 1992-06-29🔒Charge registered #6Lender: Co-Operative Bank Public Limited Company
- 1990-08-02🔒Charge registered #4Lender: The Co-Operative Bank Public Limited Company
- 1989-10-01➕PUGH, Keith Anthony appointeddirector
- 1984-08-01🔒Charge registered #3Lender: Co-Operative Public Limited Company
- 1984-02-10🔒Charge registered #2Lender: Co-Operative Bank Public Limited Company
- 1982-03-31🔒Charge registered #1Lender: The Co-Operative Bank PLC
- 1972-11-23🏢Company incorporatedAs WEST MERCIA FORK TRUCK SERVICE LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 54 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
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
West Mercia Fork Truck Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
West Mercia Fork Truck Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 26/10/2021 |
2 historic (ceased) PSCs
- Mrs Elaine Michele Pughceased 26/10/2021· 25-50% shares · 25-50% voting
- Mr Dean Kerry Pughceased 26/10/2021· 25-50% shares · 25-50% voting
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
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|---|---|---|---|---|---|---|---|
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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 →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 (3 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Co-operative Bank The Co-Operative Bank P.L.C. | A registered charge | 1 property | 11/04/2016 | — | |
| satisfied | Co-operative Bank Co-Operative Bank Public Limited Company | Legal charge | 1 property | 29/06/1992 | 27/07/1994 | |
| satisfied | Co-operative Bank The Co-Operative Bank Public Limited Company | Legal charge | 1 property | 02/08/1990 | 08/06/2010 | |
| satisfied | Co-Operative Public Company Co-Operative Public Limited Company | Legal charge | 1 property | 01/08/1984 | 13/02/2008 | |
| satisfied | Co-operative Bank Co-Operative Bank Public Limited Company | Legal charge | 1 property | 10/02/1984 | 13/02/2008 | |
| outstanding | Co-operative Bank The Co-Operative Bank PLC | Floating charge | 1 property | 31/03/1982 | — |