WEST MERCIA FORK TRUCK SERVICE LIMITED

🌳Matureactive
SC051867 · ltd · incorporated 1972-11-23
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
£11.04M
year to Apr 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

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

45/100
clean up first

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.

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
11 officers (3 active, 11 linked, 10 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
132 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
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
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 £884,131

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Turnover£11.04M
Gross profit£4.71M
Profit before tax£884.1k
Average employees57005200

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-03-31
    PATRICK, Arthur resigned
    director
  5. 2024-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2021-11-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2021-11-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2021-11-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-11-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2021-11-01
    PATRICK, Arthur appointed
    director
  16. 2021-10-26
    PUGH, Dean Kerry resigned
    secretary
  17. 2021-10-26
    PUGH, Dean Kerry resigned
    director
  18. 2021-10-26
    PUGH, Elaine Michele resigned
    director
  19. 2021-08-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2021-08-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2021-06-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2021-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-05-01
    PUGH, David Jonathan appointed
    director
  24. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2020-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2017-07-01
    DRAPER, Glenn appointed
    director
  27. 2017-04-30
    PUGH, Keith Anthony resigned
    director
  28. 2016-04-11
    🔒
    Charge registered #7
    Lender: The Co-Operative Bank P.L.C.
  29. 2015-11-30
    PUGH, Kim David resigned
    director
  30. 2015-11-30
    PUGH, Melanie Ann resigned
    director
  31. 2012-07-20
    PUGH, Mark Anthony appointed
    director
  32. 2010-06-08
    🔓
    Charge satisfied #4
  33. 2008-02-13
    🔓
    Charge satisfied #3
  34. 2008-02-13
    🔓
    Charge satisfied #2
  35. 1998-06-17
    PUGH, Elaine Michele appointed
    director
  36. 1994-07-27
    🔓
    Charge satisfied #6
  37. 1992-08-04
    PUERH, Kathryn resigned
    director
  38. 1992-06-29
    🔒
    Charge registered #6
    Lender: Co-Operative Bank Public Limited Company
  39. 1990-08-02
    🔒
    Charge registered #4
    Lender: The Co-Operative Bank Public Limited Company
  40. 1989-10-01
    PUGH, Keith Anthony appointed
    director
  41. 1984-08-01
    🔒
    Charge registered #3
    Lender: Co-Operative Public Limited Company
  42. 1984-02-10
    🔒
    Charge registered #2
    Lender: Co-Operative Bank Public Limited Company
  43. 1982-03-31
    🔒
    Charge registered #1
    Lender: The Co-Operative Bank PLC
  44. 1972-11-23
    🏢
    Company incorporated
    As WEST MERCIA FORK TRUCK SERVICE LIMITED

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +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

63/100
Strong succession signal

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

SIGNALS
  • 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 ·
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

West Mercia Fork Truck Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
West Mercia Fork Truck Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
WEST MERCIA FORK TRUCK SERVICE LIMITED
This company · SC051867

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
West Mercia Fork Truck Holdings Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting26/10/2021
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.

🔒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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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
Incorporated1972-11-23
Jurisdictionscotland
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

302 St Vincent Street
Glasgow
G2 5RZ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05

Officers (3 active · 8 resigned)

DRAPER, Glenn
director · ~59y · appointed 2017-07-01
View their other companies + combined net worth →
Active
PUGH, David Jonathan
director · ~38y · appointed 2021-05-01
View their other companies + combined net worth →
Active
PUGH, Mark Anthony
director · ~49y · appointed 2012-07-20
View their other companies + combined net worth →
Active
PUGH, Dean Kerry
secretary · resigned 2021-10-26
Resigned
PATRICK, Arthur
director · ~73y · appointed 2021-11-01 · resigned 2024-03-31
Resigned
PUERH, Kathryn
director · ~68y · resigned 1992-08-04
Resigned
PUGH, Dean Kerry
director · ~68y · resigned 2021-10-26
Resigned
PUGH, Elaine Michele
director · ~62y · appointed 1998-06-17 · resigned 2021-10-26
Resigned
PUGH, Keith Anthony
director · ~75y · appointed 1989-10-01 · resigned 2017-04-30
Resigned
PUGH, Kim David
director · ~72y · resigned 2015-11-30
Resigned
PUGH, Melanie Ann
director · ~69y · resigned 2015-11-30
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Co-operative Bank
The Co-Operative Bank P.L.C.
A registered charge1 property11/04/2016
satisfied
Co-operative Bank
Co-Operative Bank Public Limited Company
Legal charge1 property29/06/199227/07/1994
satisfied
Co-operative Bank
The Co-Operative Bank Public Limited Company
Legal charge1 property02/08/199008/06/2010
satisfied
Co-Operative Public Company
Co-Operative Public Limited Company
Legal charge1 property01/08/198413/02/2008
satisfied
Co-operative Bank
Co-Operative Bank Public Limited Company
Legal charge1 property10/02/198413/02/2008
outstanding
Co-operative Bank
The Co-Operative Bank PLC
Floating charge1 property31/03/1982
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

accounts-with-accounts-type-full
accounts · AA
2026-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
termination-director-company-with-name-termination-date
officers · TM01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-10
appoint-person-director-company-with-name-date
officers · AP01
2021-11-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-11-02
termination-director-company-with-name-termination-date
officers · TM01
2021-11-02
termination-secretary-company-with-name-termination-date
officers · TM02
2021-11-02
termination-director-company-with-name-termination-date
officers · TM01
2021-11-02