M & H LOGISTICS (GLASGOW) LIMITED
📈Growthactive
SC300196 · ltd · incorporated 2006-04-04
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueStrong opportunity: leverage-led grower with strong profile and acceptable with review structure.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
9 live charges · 4 lenders · oldest 17.5y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 17.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £1,185,751
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 | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Profit before tax | £1.19M | £63.6k |
| Average employees | 70 | 6700 |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-fullaccounts · AA
- 2025-05-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-08🔒Charge registered #9Lender: Tracey Investments LTD
- 2024-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-05-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-10🔓Charge satisfied #7
- 2023-01-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-08-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-29📄accounts-with-accounts-type-fullaccounts · AA
- 2022-04-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-05📄change-person-director-company-with-change-dateofficers · CH01
- 2022-04-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-06-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-16🔒Charge registered #8Lender: Barclays Bank PLC
- 2018-06-22🔒Charge registered #7Lender: Aldermore Bank PLC
- 2017-12-20🔓Charge satisfied #3
- 2017-12-20🔓Charge satisfied #2
- 2017-12-20🔓Charge satisfied #1
- 2017-12-18🔒Charge registered #6Lender: Barclays Bank PLC
- 2017-12-15🔒Charge registered #5Lender: Barclays Bank PLC
- 2017-12-07🔒Charge registered #4Lender: Barclays Bank PLC
- 2012-07-01➖SLATER, Magnus William resigneddirector
- 2011-06-14🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2009-01-12🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2008-11-26🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2008-09-12➕WOTHERSPOON, Thomas Brown appointeddirector
- 2008-09-12➖MAULE, James resigneddirector
- 2007-08-06➕MAULE, James appointeddirector
- 2007-06-01➕MARLEY, Tracey Marie appointedsecretary
- 2007-06-01➕MARLEY, Tracey Marie appointeddirector
- 2007-06-01➖FINDLAY, Allan resignedsecretary
- 2007-06-01➕SLATER, Magnus William appointeddirector
- 2006-04-04🏢Company incorporatedAs M & H LOGISTICS (GLASGOW) LIMITED
- 2006-04-04➕FINDLAY, Allan appointedsecretary
- 2006-04-04➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2006-04-04➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2006-04-04➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2006-04-04➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 20 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
M & H Logistics Solutions Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
M & H Logistics Solutions Ltd
Corporate parent · holds 75-100% shares · board control
⬇
M & H LOGISTICS (GLASGOW) LIMITED
This company · SC300196
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 |
|---|---|---|---|---|
M & H Logistics Solutions Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/04/2025 |
2 historic (ceased) PSCs
- Ms Tracey Marie Marleyceased 01/04/2025· 25-50% shares · 25-50% voting
- Mr Thomas Brown Wotherspoonceased 01/04/2025· 50-75% shares · 50-75% voting · board control
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CARNTYNE TRANSPORT COMPANY LIMITED→ SC032077 · est 1957 | £18.37M £13.78M–£22.96M | — | — | 342 | 69y | 88 | 89y |
| STEDER GROUP (UK) LIMITED→ SC514277 · est 2015 | £13.09M £9.82M–£16.37M | — | — | 64 | 10y | 85 | 59y |
| TBR GLOBAL LIMITED→ SC466687 · est 2014 | £7.53M £5.65M–£9.42M | — | — | 23 | 12y | 83 | 63y |
| ACCIDON'T LIMITED→ SC196265 · est 1999 | £1.85M £1.38M–£2.31M | — | — | 8 | 27y | 82 | 61y |
| AIR CHARTER SCOTLAND LIMITED→ SC303971 · est 2006 | — | — | £574.2k | — | 19y | 83 | 65y |
| B & G CONTRACTS LIMITED→ SC254571 · est 2003 | — | — | £600.0k | — | 22y | 83 | 71y |
| GARELOCHHEAD MINIBUSES & COACHES LTD.→ SC203633 · est 2000 | — | — | — | 3400 | 26y | 83 | 60y |
| ABBEY COACHES LTD.→ SC215576 · est 2001 | — | — | — | 2000 | 25y | 82 | 73y |
| ALBATRANS (UK) LIMITED→ SC250946 · est 2003 | — | — | £3.84M | — | 22y | 82 | 69y |
| ALEXANDER MARITIME LTD.→ SC276276 · est 2004 | — | — | £3.8k | — | 21y | 82 | 71y |
| AMS SCOTLAND LIMITED→ SC312105 · est 2006 | — | — | — | 1100 | 19y | 82 | 78y |
| AVIATION WEST LIMITED→ SC130129 · est 1991 | — | — | £74.5k | — | 35y | 82 | 73y |
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
Incorporated2006-04-04
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
130 Cambuslang Road
Glasgow
Lanarkshire
G32 8NB
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-05-27
Last: 2025-05-13
Officers (3 active · 5 resigned)
MARLEY, Tracey Marie→
Activesecretary · appointed 2007-06-01
View their other companies + combined net worth →
MARLEY, Tracey Marie→
Activedirector · ~54y · appointed 2007-06-01
View their other companies + combined net worth →
WOTHERSPOON, Thomas Brown→
Activedirector · ~58y · appointed 2008-09-12
View their other companies + combined net worth →
FINDLAY, Allan→
Resignedsecretary · appointed 2006-04-04 · resigned 2007-06-01
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2006-04-04 · resigned 2006-04-04
MAULE, James→
Resigneddirector · ~51y · appointed 2007-08-06 · resigned 2008-09-12
SLATER, Magnus William→
Resigneddirector · ~71y · appointed 2007-06-01 · resigned 2012-07-01
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2006-04-04 · resigned 2006-04-04
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
5
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Tracey Investments Tracey Investments LTD | A registered charge | 1 property | 08/05/2024 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 16/10/2018 | — | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 22/06/2018 | 10/05/2023 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 18/12/2017 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 15/12/2017 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 07/12/2017 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 14/06/2011 | 20/12/2017 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 12/01/2009 | 20/12/2017 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 26/11/2008 | 20/12/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (85 total)
accounts-with-accounts-type-full
accounts · AA
2026-01-30
change-person-director-company-with-change-date
officers · CH01
2025-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-11
accounts-with-accounts-type-full
accounts · AA
2025-01-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-28
accounts-with-accounts-type-full
accounts · AA
2024-01-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-10
accounts-with-accounts-type-full
accounts · AA
2023-01-31