FREIGHT.CO RAPID DESPATCH LIMITED

⚰️Wound downdissolved
SC143525 · ltd · incorporated 1993-03-29
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Distress / opportunity: speculative → avoid
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 30.2y old — refinance window within 12 months
What changed my view
Last 30 days

Mixed signals in the last 30 days — 0 improved, 0 worsened.

  • ·Distress / opportunity: speculative → avoid
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2017
Net worth
£-109.1k
book net assets
Opportunity
53/100
Worth a look
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 50/100. Strong seller-intent signal (78/100, director aged 73). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 30.2y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 30.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 5 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
89 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £109,082

Key financials

1 year extracted from filed iXBRL accounts
Cash
£4k
Net Worth
-£109k
Current Assets
£166k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2017-04-30
Total assets£-109.1k
Current assets£166.5k
Cash£4.3k
Debtors£162.1k
Net assets£-109.1k

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

🔒Filing-note intelligence

1 signal 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
0
filings
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2022-10-27
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2022-10-27
    🏁
    Company dissolved
  3. 2022-07-27
    ⚠️
    liquidation-compulsory-return-final-meeting-court-scotland
    insolvency · WU15(Scot)
  4. 2022-05-12
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  5. 2022-02-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2021-05-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2020-07-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2019-07-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2019-07-18
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  10. 2019-07-01
    ⚠️
    liquidation-appointment-of-provisional-liquidator-court-scotland
    insolvency · WU02(Scot)
  11. 2019-01-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-01-24
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2018-11-30
    ➖
    RAE, Debbie Johnson resigned
    director
  14. 2018-10-01
    ➕
    SHEPHERD & WEDDERBURN SECRETARIES LIMITED appointed
    corporate-secretary
  15. 2018-10-01
    ➖
    RAE, Debbie Johnson resigned
    secretary
  16. 2018-10-01
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  17. 2018-10-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2018-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-02-07
    📄
    accounts-with-made-up-date
    accounts · AA
  20. 2016-03-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2015-12-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  22. 2015-03-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2014-11-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  24. 2014-04-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  25. 2013-11-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  26. 2013-05-16
    📄
    appoint-person-director-company-with-name
    officers · AP01
  27. 2013-04-24
    ➕
    RAE, Debbie Johnson appointed
    director
  28. 2012-05-30
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  29. 2007-04-18
    ➖
    LINTS, William James resigned
    director
  30. 2003-04-11
    🔓
    Charge satisfied #1
  31. 1999-12-01
    ➖
    CARROL, Peter resigned
    director
  32. 1999-05-01
    ➕
    LINTS, William James appointed
    director
  33. 1998-09-01
    ➕
    CARROL, Peter appointed
    director
  34. 1996-09-01
    ➖
    BLUEMEL, Malcolm Edward resigned
    director
  35. 1996-04-04
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  36. 1994-10-01
    ➕
    RIDDOCH, John Milne appointed
    director
  37. 1994-10-01
    ➕
    RAE, Debbie Johnson appointed
    secretary
  38. 1994-10-01
    ➖
    JAMES AND GEORGE COLLIE resigned
    corporate-secretary
  39. 1994-10-01
    ➕
    BLUEMEL, Malcolm Edward appointed
    director
  40. 1994-10-01
    ➖
    BONSQUARE NOMINEES LIMITED resigned
    corporate-director
  41. 1993-05-07
    ➕
    JAMES AND GEORGE COLLIE appointed
    corporate-secretary
  42. 1993-05-07
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  43. 1993-05-07
    ➕
    BONSQUARE NOMINEES LIMITED appointed
    corporate-director
  44. 1993-05-07
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  45. 1993-03-29
    🏢
    Company incorporated
    As FREIGHT.CO RAPID DESPATCH LIMITED
  46. 1993-03-29
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  47. 1993-03-29
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2022-10-27

4 insolvency-related filings on record
high

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

Evidence: 2022-10-27: gazette-dissolved-liquidation; 2022-07-27: liquidation-compulsory-return-final-meeting-court-scotland

Group structure

The Freight.Co Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Freight.Co Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FREIGHT.CO RAPID DESPATCH LIMITED
This company · SC143525

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
The Freight.Co Group Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting12/04/2017

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

11 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
Incorporated1993-03-29
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

C/O Interpath Ltd 5th Floor
130 St Vincent Street
Glasgow
G2 5HF

Filing status

Accounts
Next due: —
Last made up to: 2017-04-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 9 resigned)

SHEPHERD & WEDDERBURN SECRETARIES LIMITED→
corporate-secretary · appointed 2018-10-01
View their other companies + combined net worth →
Active
RIDDOCH, John Milne→
director · ~73y · appointed 1994-10-01
View their other companies + combined net worth →
Active
RAE, Debbie Johnson→
secretary · appointed 1994-10-01 · resigned 2018-10-01
Resigned
JAMES AND GEORGE COLLIE→
corporate-secretary · appointed 1993-05-07 · resigned 1994-10-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1993-03-29 · resigned 1993-05-07
Resigned
BLUEMEL, Malcolm Edward→
director · ~74y · appointed 1994-10-01 · resigned 1996-09-01
Resigned
CARROL, Peter→
director · ~72y · appointed 1998-09-01 · resigned 1999-12-01
Resigned
LINTS, William James→
director · ~78y · appointed 1999-05-01 · resigned 2007-04-18
Resigned
RAE, Debbie Johnson→
director · ~61y · appointed 2013-04-24 · resigned 2018-11-30
Resigned
BONSQUARE NOMINEES LIMITED→
corporate-director · appointed 1993-05-07 · resigned 1994-10-01
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1993-03-29 · resigned 1993-05-07
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property30/05/2012—
satisfied
National Westminster Bank
National Westminster Bank PLC
Floating charge debenture1 property04/04/199611/04/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (89 total)

gazette-dissolved-liquidation
gazette · GAZ2
2022-10-27
liquidation-compulsory-return-final-meeting-court-scotland
insolvency · WU15(Scot)
2022-07-27
change-corporate-secretary-company-with-change-date
officers · CH04
2022-05-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-18
liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2019-07-18
liquidation-appointment-of-provisional-liquidator-court-scotland
insolvency · WU02(Scot)
2019-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2019-04-23
termination-director-company-with-name-termination-date
officers · TM01
2019-01-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-01-24
appoint-corporate-secretary-company-with-name-date
officers · AP04
2018-10-01
termination-secretary-company-with-name-termination-date
officers · TM02
2018-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2018-04-12