2EXCEL LOGISTICS LIMITED
📉Decliningactive
06939313 · ltd · incorporated 2009-06-19
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
£20.50M
year to Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
ALSO REGISTERED FOR
- 52103SIC 52103
Investor take
PursueConservative operator with a 67-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 12.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 12.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
8 officers (5 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £225,781
Turnover YoY
+6%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Turnover | £20.50M | £19.31M |
| Gross profit | £9.68M | £9.67M |
| Operating profit | £484.2k | £654.0k |
| Profit before tax | £225.8k | £410.3k |
| Average employees | 8600 | 8500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
- 2025-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-17📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-01➕LITTLEWOOD, Andrew Michael appointeddirector
- 2024-12-31➖FARROW, Martin Lewis resigneddirector
- 2024-08-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-06-13📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-15📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-20➕WOOD, Christopher Edmund Michael appointeddirector
- 2023-12-15📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-09-05📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-03-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-07-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-14🔓Charge satisfied #5
- 2022-07-14🔓Charge satisfied #4
- 2022-06-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-27📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-23🔒Charge registered #6Lender: Investec Capital Solutions No.1 Limited
- 2020-11-01➕HADDOCK, Ian David appointeddirector
- 2019-07-31🔓Charge satisfied #3
- 2019-05-09🔒Charge registered #5Lender: Siemens Financial Services Limited
- 2018-03-29🔒Charge registered #4Lender: Siemens Financial Services Limited
- 2018-03-19🔓Charge satisfied #1
- 2018-01-29➕FARROW, Martin Lewis appointeddirector
- 2016-08-02🔒Charge registered #3Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2016-07-04🔓Charge satisfied #2
- 2016-06-27🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2013-11-29➕JONES, Graham appointedsecretary
- 2013-11-29➕WILKIE, Justin appointeddirector
- 2013-11-29➖BOLAND, Stephen Nicholas John resigneddirector
- 2013-11-29🔒Charge registered #1Lender: Abn Amro Commercial Finance PLC
- 2009-06-19🏢Company incorporatedAs 2EXCEL LOGISTICS LIMITED
- 2009-06-19➕BOLAND, Stephen Nicholas John appointeddirector
- 2009-06-19➕HICKFORD, Robert Alan appointeddirector
- 2009-06-19➖HICKFORD, Robert Alan resigneddirector
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Blackjay Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Blackjay Ltd
Corporate parent · holds 75-100% shares · board control
⬇
2EXCEL LOGISTICS LIMITED
This company · 06939313
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Blackjay Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/09/2023 |
1 historic (ceased) PSC
- Mr Justin Wilkieceased 01/09/2023· significant influence
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 →Similar companies
Active · Transport & logistics · MK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 18PRODELIVERY LTD→ 15737497 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST 4 FREIGHT LIMITED→ 10613800 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| 24/7 LOGISTIC SOLUTIONS LIMITED→ 15456364 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 247 TAXI LINE LIMITED→ 11306969 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 254 LOGISTICS LTD→ 15716366 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 2B TOURED LTD→ 12422608 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 2B&C LOGISTICS LTD→ 14359040 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 2H TRANSPORT LTD→ 16774979 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 335 TRANSPORT LTD→ 16608505 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 5ROV LTD→ 16145895 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 6K TRANSPORT LTD→ 15542350 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 7 & T LIMITED→ 15626369 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2009-06-19
Jurisdictionengland-wales
Primary SIC49410 — Freight transport by road
Registered office
Unit 31 Wilstead Industrial Park
Kenneth Way
Wilstead
Bedford
MK45 3PD
United Kingdom
Filing status
Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-10
Last: 2025-06-26
Officers (5 active · 3 resigned)
Active
HADDOCK, Ian David→
Activedirector · ~67y · appointed 2020-11-01
View their other companies + combined net worth →
LITTLEWOOD, Andrew Michael→
Activedirector · ~60y · appointed 2025-01-01
View their other companies + combined net worth →
WILKIE, Justin→
Activedirector · ~51y · appointed 2013-11-29
View their other companies + combined net worth →
WOOD, Christopher Edmund Michael→
Activedirector · ~38y · appointed 2023-12-20
View their other companies + combined net worth →
BOLAND, Stephen Nicholas John→
Resigneddirector · ~66y · appointed 2009-06-19 · resigned 2013-11-29
FARROW, Martin Lewis→
Resigneddirector · ~42y · appointed 2018-01-29 · resigned 2024-12-31
HICKFORD, Robert Alan→
Resigneddirector · ~62y · appointed 2009-06-19 · resigned 2009-06-19
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Investec Capital Solutions No.1 Investec Capital Solutions No.1 Limited | A registered charge | 2 properties | 23/08/2021 | — | |
| satisfied | Siemens Financial Services Siemens Financial Services Limited | A registered charge | — | 09/05/2019 | 14/07/2022 | |
| satisfied | Siemens Financial Services Siemens Financial Services Limited | A registered charge | — | 29/03/2018 | 14/07/2022 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 02/08/2016 | 31/07/2019 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 27/06/2016 | 04/07/2016 | |
| satisfied | Abn Amro Commercial Finance Abn Amro Commercial Finance PLC | A registered charge | 1 property | 29/11/2013 | 19/03/2018 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
accounts-with-accounts-type-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-12
change-person-director-company-with-change-date
officers · CH01
2025-01-17
appoint-person-director-company-with-name-date
officers · AP01
2025-01-17
appoint-person-director-company-with-name-date
officers · AP01
2025-01-17
termination-director-company-with-name-termination-date
officers · TM01
2025-01-16
accounts-with-accounts-type-full
accounts · AA
2024-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-14
change-person-director-company-with-change-date
officers · CH01
2024-06-13
accounts-with-accounts-type-full
accounts · AA
2024-03-15
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-15
change-person-director-company-with-change-date
officers · CH01
2023-09-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-01