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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£1.01M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
PursueStrong 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 20.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.6 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 (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
68 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 £1,007,485
Cash YoY
+6%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£250k
↑ 6.0% YoY
Net Worth
£1.0m
↑ 31% YoY
Current Assets
£1.9m
↑ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £1.11M | £881.4k |
| Current assets | £1.90M | £1.70M |
| Cash | £249.7k | £235.5k |
| Debtors | £648.0k | £567.5k |
| Net assets | £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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-15📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2022-07-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-03-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-06-24📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-10-14➖NEILL, Marjory resignedsecretary
- 2006-03-27🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2006-02-14🔒Charge registered #2Lender: East Ayrshire Council
- 2005-09-22🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2005-05-27➖BARNES, James resignedsecretary
- 2005-05-27➕NEILL, Marjory appointedsecretary
- 2005-05-27➖MCCONNELL, Tracey resigneddirector
- 2005-05-26➕CUNNINGHAM, Ian George appointeddirector
- 2005-05-24🏢Company incorporatedAs CUNNINGHAM TRUCK PARTS LIMITED
- 2005-05-24➕BARNES, James appointedsecretary
- 2005-05-24➕MCCONNELL, Tracey appointeddirector
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
- +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 candidateStrong 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
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ian George Cunningham Individual · British · DOB 09/1968 · age 58 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| RASPUTIN LEISURE LTD→ SC424636 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| RIVERBANK ELECTRICAL WHOLESALERS LIMITED→ SC071107 · est 1980 · no financials extracted | — | — | — | — | 46y | — | — |
| ROBERT SHEARLAW LIMITED→ SC453670 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| RST SALTCOATS LTD→ SC807879 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SA GOLF SALES LIMITED→ SC835985 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| SALT AND GRIT SOLUTIONS LTD→ SC385185 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| SB OPHTHALMIC LENS TECHNOLOGIES UK LIMITED→ SC537860 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SBOX MUSIC LIMITED→ SC876979 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SMS OIL & GAS LIMITED→ SC263131 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| SPOTLIGHT LED CO. LTD→ SC881315 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SR. LEON LTD→ SC645404 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TAYLOR INDUSTRIAL SUPPLIES LTD→ SC373935 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-07
Last: 2025-05-24
Officers (1 active · 3 resigned)
CUNNINGHAM, Ian George→
Activedirector · ~58y · appointed 2005-05-26
View their other companies + combined net worth →
BARNES, James→
Resignedsecretary · appointed 2005-05-24 · resigned 2005-05-27
NEILL, Marjory→
Resignedsecretary · appointed 2005-05-27 · resigned 2011-10-14
MCCONNELL, Tracey→
Resigneddirector · ~56y · appointed 2005-05-24 · resigned 2005-05-27
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 27/03/2006 | — | |
| outstanding | East Ayrshire Council | Floating charge | 1 property | 14/02/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 22/09/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (68 total)
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
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-03