TENNANT TRANSPORT (FORTH) LIMITED
🌳Matureactive
SC259593 · ltd · incorporated 2003-11-21
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 22.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£20.0k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueAsset-holding vehicle with a 85-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 85). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 22.1y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £20,000
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£20k
~ YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £1.06M | £1.06M |
| Net assets | £20.0k | £20.0k |
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
4
filings
- • 2 officers
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-01-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-18📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-02-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-01➖SORBIE, Graham resigneddirector
- 2023-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-19📄capital-cancellation-sharescapital · SH06
- 2023-01-19📄capital-return-purchase-own-sharescapital · SH03
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-12-13🔓Charge satisfied #2
- 2021-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-08-07🔓Charge satisfied #1
- 2004-05-01➕TENNANT, Ian Taylor appointeddirector
- 2004-03-18➕SORBIE, Graham appointedsecretary
- 2004-03-18➖LYCIDAS SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2004-03-18🔒Charge registered #2Lender: Ian Taylor Tennant
- 2004-03-18🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2004-01-06➕TENNANT, John Morgan appointeddirector
- 2004-01-06➕SORBIE, Graham appointeddirector
- 2004-01-06➖LYCIDAS NOMINEES LIMITED resignedcorporate-nominee-director
- 2003-11-21🏢Company incorporatedAs TENNANT TRANSPORT (FORTH) LIMITED
- 2003-11-21➕LYCIDAS SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-11-21➕LYCIDAS NOMINEES LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "TENNANT" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 85 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Morgan Tennant Individual · British · DOB 02/1965 · age 61 | 25–50% | — | 25-50% shares | 01/05/2016 |
1 historic (ceased) PSC
- Mr George Graham Sorbieceased 01/02/2023· 25-50% shares
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
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|---|---|---|---|---|---|---|---|
| SCOTT WYLLIE LTD→ SC868652 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SCOTTY TOURS LIMITED→ SC456458 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| SOKO TRANS LTD→ SC547854 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SPEEDY VAN REMOVALS LTD→ SC865658 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| T.GORMAN HAULAGE LIMITED→ SC084949 · est 1900 · no financials extracted | — | — | — | — | 126y | — | — |
| TRAIADICOM LTD→ SC526659 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| UK-EU-VAN LTD→ SC870570 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| UNIQUE RENTAL LTD→ SC597447 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| UPTON COURIERS LTD→ SC829282 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WADHAUL LIMITED→ SC823076 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WANT LOGISTICS LIMITED→ SC721627 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| WDT INTERNATIONAL LTD→ SC785616 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2003-11-21
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
Tennant Transport Ltd Ayr Road
Hyndford Bridge
Lanark
Lanarkshire
ML11 8SG
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-05
Last: 2025-11-21
Officers (3 active · 3 resigned)
Active
TENNANT, Ian Taylor→
Activedirector · ~85y · appointed 2004-05-01
View their other companies + combined net worth →
TENNANT, John Morgan→
Activedirector · ~61y · appointed 2004-01-06
View their other companies + combined net worth →
LYCIDAS SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-11-21 · resigned 2004-03-18
SORBIE, Graham→
Resigneddirector · ~69y · appointed 2004-01-06 · resigned 2023-02-01
LYCIDAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-11-21 · resigned 2004-01-06
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Ian Taylor Tennant | Floating charge | 1 property | 18/03/2004 | 13/12/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 18/03/2004 | 07/08/2013 |
Recent filings (74 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
change-person-director-company-with-change-date
officers · CH01
2026-01-15
change-person-director-company-with-change-date
officers · CH01
2025-12-18
accounts-with-accounts-type-dormant
accounts · AA
2025-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-19
termination-director-company-with-name-termination-date
officers · TM01
2023-02-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-20
capital-cancellation-shares
capital · SH06
2023-01-19
capital-return-purchase-own-shares
capital · SH03
2023-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21