GJMC TRANSPORT LTD
Opportunity 41/100 (watch), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
4 live charges · 4 lenders · oldest 8.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 8.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Turnover | £905.9k | £827.1k |
| Gross profit | £458.0k | £398.1k |
| Operating profit | £44.8k | £-67.6k |
| Profit before tax | £-4.4k | £-76.1k |
| Average employees | 600 | 600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 address
- • 1 insolvency
- • 1 address
- • 1 insolvency
- • 1 accounts
- • 1 address
- • 1 insolvency
- • 1 accounts
Corporate timeline (28 events)Click to expand
- 2026-04-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-15⚠️liquidation-compulsory-notice-winding-up-order-court-scotlandinsolvency · WU01(Scot)
- 2026-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-19🔓Charge satisfied #3
- 2025-08-19🔓Charge satisfied #2
- 2025-02-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-23🔒Charge registered #4Lender: Ecapital Commercial Finance(North) Limited
- 2022-06-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-03-30🔓Charge satisfied #1
- 2020-03-27🔒Charge registered #3Lender: Bibby Factors Scotland Limited
- 2019-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-07-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-05🔒Charge registered #2Lender: Bibby Factors Northeast Limited
- 2017-06-26🔒Charge registered #1Lender: Bibby Factors Manchester Limited (As Security Trustee)
- 2017-05-13🏢Company incorporatedAs GJMC TRANSPORT LTD
- 2017-05-13➕MCCUBBIN, Gary James John appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 high · 1 med ·Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-04-15: liquidation-compulsory-notice-winding-up-order-court-scotland
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gary James John Mccubbin Individual · British · DOB 08/1987 · age 39 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 13/05/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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11 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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ecapital Commercial Finance(North) Ecapital Commercial Finance(North) Limited | A registered charge | — | 23/12/2022 | — | |
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | A registered charge | — | 27/03/2020 | 19/08/2025 | |
| satisfied | Bibby Financial Services Bibby Factors Northeast Limited | A registered charge | — | 05/07/2019 | 19/08/2025 | |
| satisfied | Bibby Financial Services Bibby Factors Manchester Limited (As Security Trustee) | A registered charge | — | 26/06/2017 | 30/03/2020 |