TRANSPAN (SCOTLAND) LIMITED
📈Growthactive
SC124530 · ltd · incorporated 1990-04-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueStrong 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 35.6y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 35.6 years old — likely at or near maturity.
- · 3 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 (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
131 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
85
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £44,000
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Profit before tax | £44.0k | £12.0k |
| Average employees | 71 | 6600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2026-03-11📄accounts-with-accounts-type-fullaccounts · AA
- 2025-08-06➖BAXTER, Graham James resigneddirector
- 2025-08-06➖BAXTER, Greig Graham resigneddirector
- 2025-08-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-28📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-03-12📄memorandum-articlesincorporation · MA
- 2025-03-12📄resolutionresolution · RESOLUTIONS
- 2025-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-03🔒Charge registered #7Lender: Kroll Trustee Services Limited
- 2025-02-03🔒Charge registered #6Lender: Kroll Trustee Services Limited
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-01-27🔓Charge satisfied #5
- 2025-01-27🔓Charge satisfied #4
- 2025-01-27🔓Charge satisfied #1
- 2024-04-10📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2024-04-04📄accounts-with-accounts-type-smallaccounts · AA
- 2023-04-14📄accounts-with-accounts-type-smallaccounts · AA
- 2022-07-05📄accounts-with-accounts-type-smallaccounts · AA
- 2021-04-06📄accounts-with-accounts-type-smallaccounts · AA
- 2020-06-01📄accounts-with-accounts-type-smallaccounts · AA
- 2019-04-01➕MCTAVISH, William Duncan appointeddirector
- 2018-06-01➕BAXTER, Ross James appointeddirector
- 2018-05-08🔒Charge registered #5Lender: Bank of Scotland PLC
- 2016-12-19➕BAXTER, Greig Graham appointeddirector
- 2016-03-01🔓Charge satisfied #3
- 2015-12-08🔓Charge satisfied #2
- 2013-10-31➖HARPER, Harold Alexander resigneddirector
- 2008-09-26➕LC SECRETARIES LIMITED appointedcorporate-secretary
- 2008-09-26➖ALEXANDER, Gordon James resignedsecretary
- 2007-10-31➖ALEXANDER, Gordon James resigneddirector
- 2007-10-01➕BAXTER, Chris Jasper appointeddirector
- 2004-10-13🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1991-01-11🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1991-01-11🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1990-10-31➕ALEXANDER, Gordon James appointeddirector
- 1990-09-14🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1990-07-23➕ALEXANDER, Gordon James appointedsecretary
- 1990-07-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1990-07-23➕BAXTER, Graham James appointeddirector
- 1990-07-23➕HARPER, Harold Alexander appointeddirector
- 1990-07-23➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1990-04-23🏢Company incorporatedAs TRANSPAN (SCOTLAND) LIMITED
- 1990-04-23➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1990-04-23➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 36 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 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BAXTER, Graham James resigned 2025-08-06; BAXTER, Greig Graham resigned 2025-08-06
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Kroll Trustee Services Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Kroll Trustee Services Limited
Corporate parent · holds 75-100% shares
⬇
TRANSPAN (SCOTLAND) LIMITED
This company · SC124530
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 |
|---|---|---|---|---|
Kroll Trustee Services Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/01/2025 |
1 historic (ceased) PSC
- The Harbro Group Ltd.ceased 30/01/2025· 75-100% shares · 75-100% 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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MCPHERSON LIMITED→ SC218508 · est 2001 | £12.64M £9.48M–£15.81M | — | — | 46800 | 25y | 84 | 71y |
| STREAMLINE SHIPPING AGENCIES LIMITED→ SC073938 · est 1981 | £5.76M £4.32M–£7.20M | £41.24M | — | 24500 | 45y | 85 | 74y |
| ALP (SCOTLAND) LIMITED→ SC261031 · est 2003 | — | — | £246.4k | — | 22y | 83 | 61y |
| BOX POOL SOLUTIONS LIMITED→ SC286718 · est 2005 | — | — | £2.66M | — | 20y | 83 | 77y |
| CALEY COLD STORE LIMITED→ SC270634 · est 2004 | — | — | £3.28M | — | 21y | 83 | 73y |
| ENLIM (SCOTLAND) LTD.→ SC248672 · est 2003 | — | — | — | 500 | 22y | 83 | 62y |
| HARBOUR HAULAGE LIMITED→ SC202822 · est 2000 | — | — | £951.9k | — | 26y | 83 | 62y |
| KEITH & DUFFTOWN RAILWAY ASSOCIATION→ SC157099 · est 1995 · no financials extracted | — | — | — | — | 31y | 83 | 82y |
| SHETLAND LINE 1984 LIMITED→ SC088013 · est 1984 | — | — | — | 0 | 41y | 83 | 74y |
| PREMIER COACHES (KINTORE) LIMITED→ SC364464 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| SEA-CARGO ABERDEEN LIMITED→ SC310601 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| TRABAZ DELIVERY LTD→ SC755597 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated1990-04-23
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
The Harbro Group Ltd.
Markethill Road
Turriff
Aberdeenshire
AB53 4PA
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-26
Last: 2026-04-12
Officers (4 active · 7 resigned)
LC SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2008-09-26
View their other companies + combined net worth →
BAXTER, Chris Jasper→
Activedirector · ~50y · appointed 2007-10-01
View their other companies + combined net worth →
BAXTER, Ross James→
Activedirector · ~53y · appointed 2018-06-01
View their other companies + combined net worth →
MCTAVISH, William Duncan→
Activedirector · ~58y · appointed 2019-04-01
View their other companies + combined net worth →
ALEXANDER, Gordon James→
Resignedsecretary · appointed 1990-07-23 · resigned 2008-09-26
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1990-04-23 · resigned 1990-07-23
ALEXANDER, Gordon James→
Resigneddirector · ~73y · appointed 1990-10-31 · resigned 2007-10-31
BAXTER, Graham James→
Resigneddirector · ~77y · appointed 1990-07-23 · resigned 2025-08-06
BAXTER, Greig Graham→
Resigneddirector · ~46y · appointed 2016-12-19 · resigned 2025-08-06
HARPER, Harold Alexander→
Resigneddirector · ~73y · appointed 1990-07-23 · resigned 2013-10-31
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1990-04-23 · resigned 1990-07-23
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kroll Trustee Services Kroll Trustee Services Limited | A registered charge | 1 property | 03/02/2025 | — | |
| outstanding | Kroll Trustee Services Kroll Trustee Services Limited | A registered charge | 1 property | 03/02/2025 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 08/05/2018 | 27/01/2025 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 13/10/2004 | 27/01/2025 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/01/1991 | 01/03/2016 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/01/1991 | 08/12/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/09/1990 | 27/01/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (131 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-13
accounts-with-accounts-type-full
accounts · AA
2026-03-11
termination-director-company-with-name-termination-date
officers · TM01
2025-08-06
termination-director-company-with-name-termination-date
officers · TM01
2025-08-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-full
accounts · AA
2025-03-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-03-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-25
memorandum-articles
incorporation · MA
2025-03-12
resolution
resolution · RESOLUTIONS
2025-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-27