F & F TRANSPORT LTD

💤Zombieactive
SC700092 · ltd · incorporated 2021-05-27
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 May 2025
Net worth
£184.1k
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 49410Freight transport by road
Investor take
Pursue
Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £184,147
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£19k
↓ 73% YoY
Net Worth
£184k
↑ 31% YoY
Current Assets
£250k
↑ 39% YoY
Current Liabilities
£0£50k£100k£150k£200k£250kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£184.1k£140.8k
Current assets£249.9k£179.7k
Cash£19.1k£71.2k
Debtors£230.8k£108.5k
Net assets£184.1k£140.8k

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

🔒Filing-note intelligence

1 signal 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
4
filings
  • 2 persons-with-significant-control
  • 2 officers
Last 180 days
4
filings
  • 2 persons-with-significant-control
  • 2 officers
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-02-17
    STEAD, Thomas John Mcneil appointed
    director
  2. 2026-02-17
    KHALIQ, Arfan resigned
    director
  3. 2026-02-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2026-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2026-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-02-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2025-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-06-04
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2023-08-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-07-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2022-10-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2022-08-16
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2021-05-27
    🏢
    Company incorporated
    As F & F TRANSPORT LTD
  17. 2021-05-27
    KHALIQ, Arfan appointed
    director
  18. 2021-05-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
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.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-06-04: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Thomas John Mcneil Stead
Individual · British · DOB 06/1987 · age 39
75100%
75–100%board control75-100% shares · 75-100% voting · board control17/02/2026
1 historic (ceased) PSC
  • Mr Arfan Khaliqceased 17/02/2026· 75-100% shares · 75-100% voting · board control

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 →
🔒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
Incorporated2021-05-27
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

James Young House Drumshoreland Road
Pumpherston
Livingston
EH53 0LQ
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-17
Last: 2025-06-03

Officers (1 active · 1 resigned)

STEAD, Thomas John Mcneil
director · ~39y · appointed 2026-02-17
View their other companies + combined net worth →
Active
KHALIQ, Arfan
director · ~49y · appointed 2021-05-27 · resigned 2026-02-17
Resigned

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

Recent filings (19 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-17
appoint-person-director-company-with-name-date
officers · AP01
2026-02-17
termination-director-company-with-name-termination-date
officers · TM01
2026-02-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
certificate-change-of-name-company
change-of-name · CERTNM
2024-06-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
gazette-notice-compulsory
gazette · GAZ1
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09