STERLING TRUCKS LIMITED

🌳Matureactive
SC197651 · ltd · incorporated 1999-06-24
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
£2.25M
year to Jun 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Renting and leasing of trucks and other heavy vehicles
Sector: Administrative & support services
Investor take
Pursue
Leverage-led grower with a 64-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 64). 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: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 21.3y

45/100
clean up first

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

  • · Oldest live charge is 21.3 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: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £180,366

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£142k£284k£426k£568k£710kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Turnover£2.25M—
Gross profit£695.7k—
Operating profit£365.2k—
Profit before tax£180.4k—
Total assets—£1.91M
Current assets—£261.4k
Debtors—£261.4k
Net assets—£709.5k
Average employees500—

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-11-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-15
    ➖
    BUCHANAN, John Edward resigned
    secretary
  4. 2025-05-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-05-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-04-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-04-03
    🔒
    Charge registered #8
    Lender: Aldermore Bank PLC
  8. 2025-03-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-04-23
    🔓
    Charge satisfied #1
  11. 2024-02-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2024-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2024-01-24
    🔒
    Charge registered #7
    Lender: Aldermore Bank PLC
  14. 2023-03-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2022-08-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2022-08-02
    🔒
    Charge registered #6
    Lender: Aldermore Bank PLC
  17. 2022-06-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-06-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-06-15
    🔒
    Charge registered #5
    Lender: Walbrook Asset Finance Limited
  20. 2022-06-15
    🔒
    Charge registered #4
    Lender: Walbrook Asset Finance Limited
  21. 2022-01-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2020-09-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2020-03-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  24. 2020-02-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2020-02-10
    🔒
    Charge registered #3
    Lender: Shawbrook Bank Limited
  26. 2019-03-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  27. 2005-11-17
    🔒
    Charge registered #2
    Lender: Paccar Financial Limited
  28. 2005-01-28
    🔒
    Charge registered #1
    Lender: Daimlerchrysler Services UK Limited
  29. 1999-06-24
    🏢
    Company incorporated
    As STERLING TRUCKS LIMITED
  30. 1999-06-24
    ➕
    DUFF, Andrew Stewart Macgregor appointed
    director
  31. 1999-06-24
    ➕
    BUCHANAN, John Edward appointed
    secretary
  32. 1999-06-24
    ➕
    GLEN, Jeremy Stewart appointed
    secretary
  33. 1999-06-24
    ➖
    GLEN, Jeremy Stewart resigned
    secretary
  34. 1999-06-24
    ➕
    MACGREGOR, Alexander Stephen appointed
    director
  35. 1999-06-24
    ➖
    MACGREGOR, Alexander Stephen resigned
    director

Owner dependency

93/100
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 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Stewart Macgregor Duff
Individual · British · DOB 12/1962 · age 64
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1999-06-24
Jurisdictionscotland
Primary SIC77120 — Renting and leasing of trucks and other heavy vehicles

Registered office

Woodside
Buchlyvie
Stirling
FK8 3PB
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-08
Last: 2025-06-24

Officers (1 active · 3 resigned)

DUFF, Andrew Stewart Macgregor→
director · ~64y · appointed 1999-06-24
View their other companies + combined net worth →
Active
BUCHANAN, John Edward→
secretary · appointed 1999-06-24 · resigned 2025-05-15
Resigned
GLEN, Jeremy Stewart→
secretary · appointed 1999-06-24 · resigned 1999-06-24
Resigned
MACGREGOR, Alexander Stephen→
director · ~67y · appointed 1999-06-24 · resigned 1999-06-24
Resigned

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

Mortgages & charges

8
Total charges
7
Outstanding
4
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge—03/04/2025—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge2 properties24/01/2024—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge2 properties02/08/2022—
outstanding
Walbrook Asset Finance
Walbrook Asset Finance Limited
A registered charge1 property15/06/2022—
outstanding
Walbrook Asset Finance
Walbrook Asset Finance Limited
A registered charge1 property15/06/2022—
outstanding
Shawbrook
Shawbrook Bank Limited
A registered charge—10/02/2020—
outstanding
Paccar Financial
Paccar Financial Limited
Floating charge1 property17/11/2005—
satisfied
Daimlerchrysler Services UK
Daimlerchrysler Services UK Limited
Floating charge1 property28/01/200523/04/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-15
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-14