TURNER HIRE DRIVE LIMITED

⚰️Wound downdissolved
SC092995 · ltd · incorporated 1985-04-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
🔔
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What this business does
Primary activity: Renting and leasing of cars and light motor vehicles
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (88/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (30/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 38.9y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 38.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (52 events)Click to expand
  1. 2024-11-07
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2024-11-07
    🏁
    Company dissolved
  3. 2024-08-07
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting-scotland
    insolvency · LIQ13(Scot)
  4. 2023-10-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-10-13
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-06-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-05-31
    ➖
    KNOX, Graham Bruce resigned
    director
  8. 2023-02-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2021-12-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2021-10-18
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  11. 2021-10-18
    📄
    legacy
    capital · SH20
  12. 2021-10-18
    ⚠️
    legacy
    insolvency · CAP-SS
  13. 2021-10-18
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2021-07-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2021-06-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-03-30
    🔓
    Charge satisfied #5
  19. 2021-03-30
    🔓
    Charge satisfied #4
  20. 2020-09-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-09-21
    ➖
    WINTER, Paul resigned
    director
  22. 2019-12-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2019-10-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2019-10-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2019-10-16
    🔒
    Charge registered #5
    Lender: Lombard North Central PLC
  26. 2019-10-15
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  27. 2019-07-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  28. 2019-07-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  29. 2018-12-01
    ➕
    WINTER, Paul appointed
    director
  30. 2018-08-01
    ➕
    TURNER, Alexander Gordon appointed
    director
  31. 2017-10-26
    ➕
    CARMICHAEL, Alan Gordon appointed
    secretary
  32. 2017-10-26
    ➖
    PARRACK, Ian resigned
    secretary
  33. 2017-08-14
    ➖
    CLARK, Margaret Davis resigned
    director
  34. 2016-03-04
    ➖
    BOYCE, Michael resigned
    director
  35. 2014-01-01
    ➕
    PARRACK, Ian appointed
    secretary
  36. 2014-01-01
    ➖
    SHARP, William Stuart resigned
    secretary
  37. 2014-01-01
    ➕
    KNOX, Graham Bruce appointed
    director
  38. 2014-01-01
    ➖
    TURNER, Alexander Gordon resigned
    director
  39. 2009-12-30
    🔓
    Charge satisfied #3
  40. 2002-07-11
    ➕
    TURNER, Alan Gerard appointed
    director
  41. 2002-07-11
    ➖
    RUSSELL, James Dunn resigned
    director
  42. 1994-07-11
    🔓
    Charge satisfied #1
  43. 1993-11-03
    ➕
    CLARK, Margaret Davis appointed
    director
  44. 1990-10-01
    ➖
    MACDONALD, Brian Duke resigned
    director
  45. 1989-11-17
    ➖
    DREW, Frederic Shaw resigned
    director
  46. 1989-06-16
    ➖
    RUSSELL, James Dunn resigned
    secretary
  47. 1989-06-16
    ➕
    SHARP, William Stuart appointed
    secretary
  48. 1989-06-16
    ➕
    TURNER, Alexander Gordon appointed
    director
  49. 1989-06-16
    ➖
    TURNER, Alexander Gordon resigned
    director
  50. 1987-06-11
    🔒
    Charge registered #3
    Lender: Investors in Industry PLC
Showing most recent 50 of 52 events

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "TURNER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 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

2 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2024-11-07

3 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-11-07: gazette-dissolved-liquidation; 2024-08-07: liquidation-voluntary-members-return-of-final-meeting-scotland

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

Turner Vehicle Rental Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Turner Vehicle Rental Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
TURNER HIRE DRIVE LIMITED
This company · SC092995

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
Turner Vehicle Rental Holdings Limited
Corporate entity
75–100%
—75-100% shares30/04/2019
1 historic (ceased) PSC
  • Turner & Co (Glasgow) Ltdceased 30/04/2019· 75-100% 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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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

Statusdissolved
Typeltd
Incorporated1985-04-24
Jurisdictionscotland
Primary SIC77110 — Renting and leasing of cars and light motor vehicles

Registered office

130 St. Vincent Street
Glasgow
G2 5HF

Filing status

Accounts
Next due: —
Last made up to: 2022-03-31
Confirmation statement
Next due: —
Last: 2022-11-13

Officers (0 active · 12 resigned)

CARMICHAEL, Alan Gordon→
secretary · appointed 2017-10-26
View their other companies + combined net worth →
Active
TURNER, Alan Gerard→
director · ~61y · appointed 2002-07-11
View their other companies + combined net worth →
Active
TURNER, Alexander Gordon→
director · ~65y · appointed 2018-08-01
View their other companies + combined net worth →
Active
PARRACK, Ian→
secretary · appointed 2014-01-01 · resigned 2017-10-26
Resigned
RUSSELL, James Dunn→
secretary · resigned 1989-06-16
Resigned
SHARP, William Stuart→
secretary · appointed 1989-06-16 · resigned 2014-01-01
Resigned
BOYCE, Michael→
director · ~80y · resigned 2016-03-04
Resigned
CLARK, Margaret Davis→
director · ~70y · appointed 1993-11-03 · resigned 2017-08-14
Resigned
DREW, Frederic Shaw→
director · ~100y · resigned 1989-11-17
Resigned
KNOX, Graham Bruce→
director · ~59y · appointed 2014-01-01 · resigned 2023-05-31
Resigned
MACDONALD, Brian Duke→
director · ~87y · resigned 1990-10-01
Resigned
RUSSELL, James Dunn→
director · ~84y · resigned 2002-07-11
Resigned
TURNER, Alexander Gordon→
director · ~65y · appointed 1989-06-16 · resigned 2014-01-01
Resigned
TURNER, Alexander Gordon→
director · ~65y · resigned 1989-06-16
Resigned
WINTER, Paul→
director · ~70y · appointed 2018-12-01 · resigned 2020-09-21
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lombard North Central
Lombard North Central PLC
A registered charge—16/10/201930/03/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—15/10/201930/03/2021
satisfied
Investors in Industry
Investors in Industry PLC
Bond & floating charge1 property11/06/198730/12/2009
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/06/198711/07/1994

Recent filings (124 total)

gazette-dissolved-liquidation
gazette · GAZ2
2024-11-07
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2024-08-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-27
resolution
resolution · RESOLUTIONS
2023-10-13
termination-director-company-with-name-termination-date
officers · TM01
2023-06-05
accounts-with-accounts-type-full
accounts · AA
2023-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-full
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-16
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2021-10-18
legacy
capital · SH20
2021-10-18
legacy
insolvency · CAP-SS
2021-10-18
resolution
resolution · RESOLUTIONS
2021-10-18
accounts-with-accounts-type-full
accounts · AA
2021-07-01
change-person-director-company-with-change-date
officers · CH01
2021-06-03