L.T.NICOL HAULAGE CONTRACTOR LIMITED

💤Zombieactive

SC527490 · ltd · incorporated 2016-02-22

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 Jun 2025

Net worth

£109.5k

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Freight transport by road

Sector: Transportation & storage

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

21 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £109,495

Net assets shrinking

Down £15,299 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£109k

↓ 12% YoY

Current Assets

£72k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£174.7k	£216.2k
Current assets	£72.1k	£71.9k
Net assets	£109.5k	£124.8k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (13 events)Click to expand

2026-03-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-03-08
📄
change-account-reference-date-company-current-extended
accounts · AA01
2016-02-22
🏢
Company incorporated
As L.T.NICOL HAULAGE CONTRACTOR LIMITED
2016-02-22
➕
NICOL, Lee Thomas appointed
director
2016-02-22
📄
incorporation-company
incorporation · NEWINC

Owner dependency

95/100

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 "NICOL" — strong identity link between founder and business.
+No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Lee Thomas Nicol Individual · Scottish · DOB 08/1977 · age 49	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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

Similar companies

Active · Transport & logistics · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PLM DOLLAR GROUP LIMITED→ SC157532 · est 1995	£9.10M £6.82M–£11.37M	—	—	8400	31y	81	67y
CRESTMOUNT LIMITED→ SC210376 · est 2000	—	—	£99.3k	—	25y	83	62y
INVERNESS MARINA LIMITED→ SC325102 · est 2007	—	—	£432.6k	—	18y	83	69y
ISLE OF SKYE FERRY COMMUNITY INTEREST COMPANY→ SC297537 · est 2006 · no financials extracted	—	—	—	—	20y	83	76y
ORD STORAGE SERVICES LTD.→ SC223112 · est 2001 · no financials extracted	—	—	—	—	24y	83	70y
SCOTLINE MARINE HOLDINGS LIMITED→ SC161473 · est 1995 · no financials extracted	—	—	—	—	30y	83	87y
B CORMACK & SON LIMITED→ SC236297 · est 2002	—	—	£222.4k	—	23y	82	62y
CHAUFFEURS INVERNESS LIMITED→ SC350202 · est 2008	—	—	£48.2k	—	17y	82	74y
EURO COACH SERVICES LIMITED→ SC133208 · est 1991	—	—	—	0	34y	82	65y
GLENFOLD LTD.→ SC377452 · est 2010	—	—	£752.2k	—	16y	82	62y
JAMES PATERSON HAULAGE LIMITED→ SC277313 · est 2004	—	—	—	12	21y	82	77y
MACKENZIE HAULAGE (HIGHLAND) LTD.→ SC253688 · est 2003	—	—	£51.6k	—	22y	82	58y

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

Incorporated2016-02-22

Jurisdictionscotland

Primary SIC49410 — Freight transport by road

Registered office

11 Ulladale Crescent

Strathpeffer

Ross-Shire

IV14 9AQ

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-03-07

Last: 2026-02-21

Officers (1 active · 0 resigned)

NICOL, Lee Thomas→

director · ~49y · appointed 2016-02-22

View their other companies + combined net worth →

Active

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