BORDER TRANSPORT SERVICES LTD

🌳Matureactive
SC476493 · ltd · incorporated 2014-04-30
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.27M
book net assets
Opportunity
80/100
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 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -73% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.7y

45/100
under pressure

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

  • · Oldest live charge is 5.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (73/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 · FRS 102
Positive net assets
Net assets £1,265,206
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£73k
↓ 73% YoY
Net Worth
£1.3m
↑ 10.0% YoY
Current Assets
£1.8m
↓ 7.8% YoY
Current Liabilities
—
£0£397k£795k£1.2m£1.6m£2.0mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£1.55M£1.52M
Current assets£1.83M£1.99M
Cash£73.0k£272.6k
Debtors£1.55M£1.50M
Net assets£1.27M£1.15M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

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 (22 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-06-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-07-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-09-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-08-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2020-08-21
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  9. 2019-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-09-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-05-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-09-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-04-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-04-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2014-04-30
    🏢
    Company incorporated
    As BORDER TRANSPORT SERVICES LTD
  18. 2014-04-30
    ➕
    KINCAID, David John appointed
    director
  19. 2014-04-30
    ➕
    KINCAID, Joan appointed
    director
  20. 2014-04-30
    ➕
    KINCAID, Richard John appointed
    director
  21. 2014-04-30
    ➕
    KINCAID, Ross appointed
    director
  22. 2014-04-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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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 →
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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
Incorporated2014-04-30
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Slacks
Lochmaben
Lockerbie
Dumfresshire
DG11 1RY

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-03
Last: 2025-04-19

Officers (4 active · 0 resigned)

KINCAID, David John→
director · ~66y · appointed 2014-04-30
View their other companies + combined net worth →
Active
KINCAID, Joan→
director · ~66y · appointed 2014-04-30
View their other companies + combined net worth →
Active
KINCAID, Richard John→
director · ~38y · appointed 2014-04-30
View their other companies + combined net worth →
Active
KINCAID, Ross→
director · ~41y · appointed 2014-04-30
View their other companies + combined net worth →
Active

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
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property21/08/2020—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-25