BLUEBIRD BUSES LIMITED

🌳Matureactive
SC019039 · ltd · incorporated 1936-04-03
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 49319
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 77/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

26 live charges · 6 lenders · oldest 35.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 35.1 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
26 charges (26/26 with lender, 26/26 with type)
90
Directors & officers
55 officers (4 active, 55 linked, 49 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
24 connected companies via shared directors
90
Filing history
301 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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.

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
3
filings
  • 2 accounts
  • 1 confirmation-statement
Last 180 days
5
filings
  • 2 accounts
  • 2 other
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (173 events)Click to expand
  1. 2026-01-23
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2026-01-23
    📄
    legacy
    accounts · PARENT_ACC
  3. 2026-01-20
    📄
    legacy
    other · GUARANTEE2
  4. 2026-01-20
    📄
    legacy
    other · AGREEMENT2
  5. 2025-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-01-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2024-10-14
    📄
    memorandum-articles
    incorporation · MA
  8. 2024-09-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-09-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2024-09-20
    🔒
    Charge registered #26
    Lender: Kroll Trustee Services Limited as Security Agent
  11. 2024-09-20
    🔒
    Charge registered #25
    Lender: Kroll Trustee Services Limited (As Security Agent)
  12. 2024-09-12
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2024-08-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2024-08-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  15. 2024-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2024-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2024-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2024-08-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2024-08-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  20. 2024-07-30
    BRADLEY, Sarah Jane appointed
    secretary
  21. 2024-07-30
    VAUX, Michael John resigned
    secretary
  22. 2024-07-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  23. 2024-03-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2024-02-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2023-07-03
    STOCKTON-JONES, Carla Lucy resigned
    director
  26. 2023-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2023-02-20
    BEATON, David Malcolm appointed
    director
  28. 2023-02-20
    FRENZ, David Alan resigned
    director
  29. 2023-01-04
    FRENZ, David Alan appointed
    director
  30. 2023-01-04
    KNIGHT, Peter Alan resigned
    director
  31. 2022-02-18
    🔓
    Charge satisfied #1
  32. 2021-11-23
    🔓
    Charge satisfied #24
  33. 2020-07-01
    STOCKTON-JONES, Carla Lucy appointed
    director
  34. 2020-06-30
    THREAPLETON, Arnold Mark resigned
    director
  35. 2020-03-23
    THREAPLETON, Arnold Mark appointed
    director
  36. 2020-02-24
    GREER, Samuel Derek appointed
    director
  37. 2020-02-24
    ANDREW, Robert Gervase resigned
    director
  38. 2019-11-18
    KNIGHT, Peter Alan appointed
    director
  39. 2019-09-20
    LISTON, David Alexander resigned
    director
  40. 2019-05-31
    DINGWALL, Bruce Maxwell appointed
    director
  41. 2019-05-31
    BROWN, Colin resigned
    director
  42. 2019-05-22
    OAKEY, Jonathan Charles resigned
    director
  43. 2019-04-01
    OAKEY, Jonathan Charles appointed
    director
  44. 2018-07-01
    LISTON, David Alexander appointed
    director
  45. 2018-07-01
    WHITELOCKS, Mark Thomas resigned
    director
  46. 2017-03-22
    MONTGOMERY, Robert resigned
    director
  47. 2016-12-28
    GREER, Samuel Derek resigned
    director
  48. 2016-12-28
    NOLAN, Gary James resigned
    director
  49. 2016-12-28
    VAUX, Michael John resigned
    director
  50. 2016-12-28
    WALKER, Steven resigned
    director
Showing most recent 50 of 173 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Stagecoach Bus Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Stagecoach Bus Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BLUEBIRD BUSES LIMITED
This company · SC019039

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%
NameSharesVoting rightsNature of controlNotified
Stagecoach Bus Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1936-04-03
Jurisdictionscotland
Primary SIC49319 — SIC 49319

Registered office

10 Dunkeld Road
Perth
Perthshire
PH1 5TW
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-05-03
Confirmation statement
Next due: 2027-05-03
Last: 2026-04-19

Officers (4 active · 51 resigned)

BRADLEY, Sarah Jane
secretary · appointed 2024-07-30
View their other companies + combined net worth →
Active
BEATON, David Malcolm
director · ~59y · appointed 2023-02-20
View their other companies + combined net worth →
Active
DINGWALL, Bruce Maxwell
director · ~43y · appointed 2019-05-31
View their other companies + combined net worth →
Active
GREER, Samuel Derek
director · ~58y · appointed 2020-02-24
View their other companies + combined net worth →
Active
HARVEY, Robert John
secretary · appointed 1989-09-30 · resigned 1991-03-27
Resigned
REAY, David
secretary · appointed 1999-08-30 · resigned 2002-08-19
Resigned
STRACHAN, Norman James
secretary · appointed 1992-04-27 · resigned 1999-08-31
Resigned
VAUX, Michael John
secretary · appointed 2009-05-29 · resigned 2024-07-30
Resigned
WHITNALL, Alan Leonard
secretary · appointed 2002-08-19 · resigned 2009-05-29
Resigned
ANDREW, Robert Gervase
director · ~63y · appointed 2010-05-20 · resigned 2020-02-24
Resigned
ANDREW, Robert Gervase
director · ~63y · appointed 2000-09-22 · resigned 2008-11-01
Resigned
ANDREW, Robert Gervase
director · ~63y · appointed 1995-05-01 · resigned 1998-11-02
Resigned
BROWN, Colin
director · ~58y · appointed 2003-05-02 · resigned 2019-05-31
Resigned
COX, Brian John
director · ~79y · appointed 2000-08-01 · resigned 2002-07-03
Resigned
DEVLIN, William
director · ~70y · appointed 1994-05-01 · resigned 1999-04-08
Resigned
DOUGLAS, Archibald
director · ~90y · resigned 1991-03-27
Resigned
EDMOND, John Macfarlane
director · ~95y · resigned 1991-03-27
Resigned
FRENZ, David Alan
director · ~41y · appointed 2023-01-04 · resigned 2023-02-20
Resigned
GLEN, Ian William
director · ~81y · appointed 1995-09-18 · resigned 1996-07-31
Resigned
GLOAG, Ann Heron
director · ~84y · appointed 1991-03-27 · resigned 1996-04-01
Resigned

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

Mortgages & charges

26
Total charges
2
Outstanding
2
Active lenders
Status:Lender:26 of 26 shown
TypeProperties
outstanding
Kroll Trustee Services as Security Agent
Kroll Trustee Services Limited as Security Agent
A registered charge20/09/2024
outstanding
Kroll Trustee Services (As Security Agent)
Kroll Trustee Services Limited (As Security Agent)
A registered charge20/09/2024
satisfied
Union Square Developments
Union Square Developments Limited
Standard security1 property02/11/200023/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland for Itself and as Agent and Security Trustee
Bond & floating charge1 property30/09/199624/08/2001
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland for Itself and as Agent and Security Trustee
Bond & floating charge1 property02/02/199609/09/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/07/199508/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/07/199308/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/07/199308/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/07/199308/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/07/199308/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/07/199308/02/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/07/199314/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property22/05/199309/09/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/199114/08/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/04/199124/08/2001
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/04/199124/08/2001
satisfied
S T G Properties
S T G Properties Limited
Standard security1 property26/03/199114/08/2000
satisfied
S T G Properties
S T G Properties Limited
Standard security1 property22/03/199114/08/2000
satisfied
S T G Properties
S T G Properties Limited
Standard security1 property22/03/199114/08/2000
satisfied
S T G Properties
S T G Properties Limited
Standard security1 property22/03/199118/02/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (301 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-20
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-23
legacy
accounts · PARENT_ACC
2026-01-23
legacy
other · GUARANTEE2
2026-01-20
legacy
other · AGREEMENT2
2026-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-24
change-person-director-company-with-change-date
officers · CH01
2025-03-05
accounts-with-accounts-type-full
accounts · AA
2025-01-28
memorandum-articles
incorporation · MA
2024-10-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-30
resolution
resolution · RESOLUTIONS
2024-09-12
change-person-secretary-company-with-change-date
officers · CH03
2024-08-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-08-22
change-person-director-company-with-change-date
officers · CH01
2024-08-22