GRAYLINE TRANSPORT LIMITED

💤Zombieactive
SC353537 · ltd · incorporated 2009-01-15
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
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 15.5y

45/100
under pressure

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

  • · Oldest live charge is 15.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (54/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 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
47 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.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-08-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-08-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-08-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-11-04
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  17. 2010-01-31
    ➖
    PURVIS, Morag Ann resigned
    secretary
  18. 2009-01-16
    ➖
    MABBOTT, Stephen George resigned
    director
  19. 2009-01-15
    🏢
    Company incorporated
    As GRAYLINE TRANSPORT LIMITED
  20. 2009-01-15
    ➕
    PURVIS, Morag Ann appointed
    director
  21. 2009-01-15
    ➕
    PURVIS, Morag Ann appointed
    secretary
  22. 2009-01-15
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  23. 2009-01-15
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  24. 2009-01-15
    ➕
    MABBOTT, Stephen George 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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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
Ms Morag Purvis
Individual · British · DOB 11/1959 · age 67
75–100%
—75-100% shares15/01/2017

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

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2009-01-15
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

2 Langmuir Way
Bargeddie
Glasgow
G69 7RW

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-29
Last: 2026-01-15

Officers (1 active · 3 resigned)

PURVIS, Morag Ann→
director · ~67y · appointed 2009-01-15
View their other companies + combined net worth →
Active
PURVIS, Morag Ann→
secretary · appointed 2009-01-15 · resigned 2010-01-31
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2009-01-15 · resigned 2009-01-15
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2009-01-15 · resigned 2009-01-16
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property04/11/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (47 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-14
change-person-director-company-with-change-date
officers · CH01
2024-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-15