SRN LOGISTICS LIMITED

💤Zombieactive
SC736380 · ltd · incorporated 2022-06-23
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 Sept 2025
Net worth
£1.6k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (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).

🏦

Refinance opportunity

1 live charge · oldest 3.2y

35/100
under pressure

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

  • · Charge age ~3.2 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,559

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£2k
↑ 9.3% YoY
Current Assets
£275k
↑ 64% YoY
Current Liabilities
£0£55k£110k£165k£220k£275kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-30
Total assets£1.6k£1.4k
Current assets£274.8k£167.3k
Net assets£1.6k£1.4k

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
0
filings
Last 180 days
3
filings
  • 1 accounts
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-01-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-16
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  4. 2025-12-15
    NICOL, Derek James resigned
    director
  5. 2025-03-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-05
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2024-01-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-10-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2023-03-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-03-20
    NICOL, Derek James appointed
    director
  12. 2023-02-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2023-02-23
    🔒
    Charge registered #1
    Lender: Lloyds Bank Commercial Finance LTD
  14. 2022-06-23
    🏢
    Company incorporated
    As SRN LOGISTICS LIMITED
  15. 2022-06-23
    NICOL, Angela Hamilton appointed
    director
  16. 2022-06-23
    📄
    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

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
Mrs Angela Hamilton Nicol
Individual · British · DOB 11/1976 · age 50
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/06/2022

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

🔒Co-director network graph

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

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2022-06-23
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

23 Dimsdale Road
Wishaw
North Lanarkshire
ML2 8DN
United Kingdom

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-07-06
Last: 2025-06-22

Officers (1 active · 1 resigned)

NICOL, Angela Hamilton
director · ~50y · appointed 2022-06-23
View their other companies + combined net worth →
Active
NICOL, Derek James
director · ~41y · appointed 2023-03-20 · resigned 2025-12-15
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
Lloyds Banking Group
Lloyds Bank Commercial Finance LTD
A registered charge23/02/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (14 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-06
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2025-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-05
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-11
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
appoint-person-director-company-with-name-date
officers · AP01
2023-03-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-27
incorporation-company
incorporation · NEWINC
2022-06-23