CUNNINGHAM TRUCK PARTS LIMITED

💤Zombieactive
SC285268 · ltd · incorporated 2005-05-24
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Sept 2025
Net worth
£1.37M
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 58). 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 20.7y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 20.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
3 charges (3/3 with lender, 3/3 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
70 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 declared
Positive net assets
Net assets £1,366,204
Cash YoY
+21%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£302k
↑ 21% YoY
Net Worth
£1.4m
↑ 36% YoY
Current Assets
£2.1m
↑ 12% YoY
Current Liabilities
—
£0£424k£849k£1.3m£1.7m£2.1mSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£1.48M£1.11M£881.4k
Current assets£2.12M£1.90M£1.70M
Cash£302.4k£249.7k£235.5k
Debtors£701.1k£648.0k£567.5k
Net assets£1.37M£1.01M£769.9k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-15
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2022-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2017-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-03-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-10-14
    ➖
    NEILL, Marjory resigned
    secretary
  17. 2006-03-27
    🔒
    Charge registered #3
    Lender: Rbs Invoice Finance Limited
  18. 2006-02-14
    🔒
    Charge registered #2
    Lender: East Ayrshire Council
  19. 2005-09-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2005-05-27
    ➖
    BARNES, James resigned
    secretary
  21. 2005-05-27
    ➕
    NEILL, Marjory appointed
    secretary
  22. 2005-05-27
    ➖
    MCCONNELL, Tracey resigned
    director
  23. 2005-05-26
    ➕
    CUNNINGHAM, Ian George appointed
    director
  24. 2005-05-24
    🏢
    Company incorporated
    As CUNNINGHAM TRUCK PARTS LIMITED
  25. 2005-05-24
    ➕
    BARNES, James appointed
    secretary
  26. 2005-05-24
    ➕
    MCCONNELL, Tracey appointed
    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.
  • +Founder name in company name: Company name contains director surname "CUNNINGHAM" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

clean
No 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian George Cunningham
Individual · British · DOB 09/1968 · age 58
75–100%
—75-100% shares06/04/2016

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

Similar companies

Active · Wholesale & distribution · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DURACARE LIMITED→
SC550705 · est 2016
£8.14M
£6.11M–£10.18M
——59009y8476y
NOBEL NC EUROPE LIMITED→
SC355464 · est 2009
£5.56M
£4.17M–£6.95M
——917y8581y
NOBEL TRADING LIMITED→
SC245627 · est 2003
£4.40M
£3.30M–£5.50M
——023y8581y
GCBW CATRINE LTD→
SC022403 · est 1943 · no financials extracted
————83y8374y
INTER DEPENDENT PURCHASING LIMITED→
SC290783 · est 2005
——£165.9k—20y8363y
A. DEWAR RATTRAY LIMITED→
SC021038 · est 1939
——£1.02M—87y8287y
IDENTIFICATION TECHNOLOGIES (SCOTLAND) LIMITED→
SC137822 · est 1992
——£94.2k—34y8265y
JOHN DAWSON BUTCHERS LIMITED→
SC245500 · est 2003
———160023y8258y
JOHN H MCNAE LTD.→
SC294906 · est 2005
———160020y8278y
NOVA DOG CHEWS LIMITED→
SC283109 · est 2005 · no financials extracted
————21y8259y
R & L MILLER LIMITED→
SC267227 · est 2004
——£5.53M—22y8268y
RAMSAY & JACKSON LIMITED→
SC298598 · est 2006
——£6.20M—20y8269y
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
Incorporated2005-05-24
Jurisdictionscotland
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Unit 5
Western Industrial Estate,
Crathie Road, Kilmarnock
Ayrshire
KA3 1LU

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-06-07
Last: 2026-05-24

Officers (1 active · 3 resigned)

CUNNINGHAM, Ian George→
director · ~58y · appointed 2005-05-26
View their other companies + combined net worth →
Active
BARNES, James→
secretary · appointed 2005-05-24 · resigned 2005-05-27
Resigned
NEILL, Marjory→
secretary · appointed 2005-05-27 · resigned 2011-10-14
Resigned
MCCONNELL, Tracey→
director · ~56y · appointed 2005-05-24 · resigned 2005-05-27
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property27/03/2006—
outstanding
East Ayrshire Council
Floating charge1 property14/02/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/09/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-08
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-24