PEGASUS COURIERS SCOTLAND LIMITED
💤Zombieactive
SC236246 · ltd · incorporated 2002-09-02
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
74/100
Strong
What this business does
Primary activity: Unlicenced Carrier
Sector: Transportation & storage
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 14.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £48,049
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 |
|---|---|---|
| Profit before tax | £-48.0k | £-168.5k |
| Average employees | 28 | 13900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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 (38 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-fullaccounts · AA
- 2025-05-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-10-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-09📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-09-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-09-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-09-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-20📄capital-name-of-class-of-sharescapital · SH08
- 2023-11-15➖SMITH, Martin John resigneddirector
- 2023-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-14🔒Charge registered #3Lender: Martin John Smith and Sandra Mary Smith
- 2023-11-12➖SMITH, Sandra Mary resigneddirector
- 2023-05-25➕WEST, Phillip Edward appointeddirector
- 2022-06-03➕SMITH, Sandra Mary appointeddirector
- 2022-01-21🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2021-09-21🔓Charge satisfied #1
- 2013-03-31➖LEASK, Judith Lynn resignedsecretary
- 2012-04-23🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 2011-09-30➕LEASK, Judith Lynn appointedsecretary
- 2011-09-30➖MARTIN, Edmund Marshall resignedsecretary
- 2002-09-02🏢Company incorporatedAs PEGASUS COURIERS SCOTLAND LIMITED
- 2002-09-02➕MARTIN, Edmund Marshall appointedsecretary
- 2002-09-02➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2002-09-02➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2002-09-02➕SMITH, Martin John appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Pegasus Couriers Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Pegasus Couriers Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
PEGASUS COURIERS SCOTLAND LIMITED
This company · SC236246
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 |
|---|---|---|---|---|
Pegasus Couriers Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/11/2023 |
4 historic (ceased) PSCs
- Phillip Edward Westceased 15/11/2023· 75-100% shares · 75-100% voting · board control
- Pegasus Couriers Holdings Ltdceased 15/11/2023· 75-100% shares · 75-100% voting · board control
- Mrs Sandra Mary Smithceased 13/11/2023· 25-50% shares · 25-50% voting
- Mr Martin John Smithceased 13/11/2023· significant influence
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MPC GLOBAL SERVICES LTD→ SC743788 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| MR.CLAIM RECOVERY LTD→ SC785985 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MWAMBAO STORE LTD→ SC842421 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| N.T.F. (TAXI) LIMITED→ SC247147 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| NARJES LTD→ SC717000 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| OLDFIELD COURIERS LTD→ SC874587 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| OMER CARS LIMITED→ SC479479 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| OPTRAVEL LTD→ SC808777 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| OVERSHIEL STORAGE LIMITED→ SC858523 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PENICUIK CABS LTD→ SC858228 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PENICUIK PRIVATE HIRE LTD→ SC671558 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PENICUIK TAXIS LIMITED→ SC789602 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2002-09-02
Jurisdictionscotland
Primary SIC53202 — Unlicenced Carrier
Registered office
5 South Gyle Crescent Lane
Edinburgh
EH12 9EG
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26
Officers (1 active · 5 resigned)
WEST, Phillip Edward→
Activedirector · ~55y · appointed 2023-05-25
View their other companies + combined net worth →
LEASK, Judith Lynn→
Resignedsecretary · appointed 2011-09-30 · resigned 2013-03-31
MARTIN, Edmund Marshall→
Resignedsecretary · appointed 2002-09-02 · resigned 2011-09-30
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-09-02 · resigned 2002-09-02
SMITH, Martin John→
Resigneddirector · ~61y · appointed 2002-09-02 · resigned 2023-11-15
SMITH, Sandra Mary→
Resigneddirector · ~55y · appointed 2022-06-03 · resigned 2023-11-12
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Martin John Smith and Sandra Mary Smith | A registered charge | — | 14/11/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 21/01/2022 | — | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 23/04/2012 | 21/09/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (97 total)
accounts-with-accounts-type-full
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-09
change-person-director-company-with-change-date
officers · CH01
2024-10-09
termination-director-company-with-name-termination-date
officers · TM01
2024-10-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-09-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-18
change-person-director-company-with-change-date
officers · CH01
2024-08-22