GHC TRANSPORT LIMITED
💤Zombieactive
SC211191 · ltd · incorporated 2000-09-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueActive trading company with a 60-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 60). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 23.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (2 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
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 600 | 500 |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-04🔓Charge satisfied #3
- 2024-06-04🔓Charge satisfied #2
- 2023-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-07-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-04-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-29➖CHEESEMAN, George Herbert resigneddirector
- 2015-10-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-05-28🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2007-06-30🔓Charge satisfied #1
- 2007-05-31🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-05-01➕CHEESEMAN, Graham Thomas appointeddirector
- 2002-09-23🔒Charge registered #1Lender: Bibby Factors Scotland Limited
- 2000-09-20🏢Company incorporatedAs GHC TRANSPORT LIMITED
- 2000-09-20➕MCKINNELL, Christine Evelyn appointedsecretary
- 2000-09-20➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2000-09-20➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2000-09-20➕CHEESEMAN, George Herbert appointeddirector
Owner dependency
93/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
78/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 26 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Graham Thomas Cheeseman Individual · British · DOB 03/1966 · age 60 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Transport & logistics · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| D L HAULAGE LTD→ SC496666 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| D.JANKIEWICZ LTD→ SC702710 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| DELIVERUP LIMITED→ SC777369 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DELIVRA LIMITED→ SC854850 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DYNAMIC FREIGHT SOLUTIONS LTD→ SC805583 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| EXPRESS DAIRY LTD→ SC758157 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| FAMADE UK LTD→ SC747585 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FEELEY LOGISTICS LTD→ SC879784 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FJX LTD→ SC850258 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| G & B CARS LIMITED→ SC216160 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| GG DELIVERY LIMITED→ SC594749 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| GHIA LOGISTICS LTD→ SC395815 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
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
Incorporated2000-09-20
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
Newbridge Yard Strawfrank Road
Carstairs Junction
Lanark
Lanarkshire
ML11 8RE
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20
Officers (2 active · 2 resigned)
MCKINNELL, Christine Evelyn→
Activesecretary · appointed 2000-09-20
View their other companies + combined net worth →
CHEESEMAN, Graham Thomas→
Activedirector · ~60y · appointed 2006-05-01
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-09-20 · resigned 2000-09-20
CHEESEMAN, George Herbert→
Resigneddirector · ~98y · appointed 2000-09-20 · resigned 2016-03-29
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 28/05/2014 | 04/06/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 31/05/2007 | 04/06/2024 | |
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | Floating charge | 1 property | 23/09/2002 | 30/06/2007 |
Recent filings (64 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-27
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-04