NORTHERN ISLES FREIGHTWAYS LIMITED

🌳Matureactive

SC076352 · ltd · incorporated 1981-10-21

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

—

year to Dec 2025

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 50200

Sector: Transportation & storage

ALSO REGISTERED FOR

52103SIC 52103
52290Other transportation support activities

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 30.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 30.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — 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, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

15 officers (8 active, 15 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

8 connected companies via shared directors

Filing history

142 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-12-31	2024-12-31
Average employees	0	0

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-03-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-10-04
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-10-04
📄
legacy
capital · SH20
2024-10-04
⚠️
legacy
insolvency · CAP-SS
2024-10-04
📄
resolution
resolution · RESOLUTIONS
2024-09-26
📄
accounts-with-accounts-type-full
accounts · AA
2024-09-24
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-09-23
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-08-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-31
📄
accounts-with-accounts-type-full
accounts · AA
2023-02-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-02-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-09-06
📄
change-person-director-company-with-change-date
officers · CH01
2022-08-18
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-09-01
➕
OCKENDON, Evan appointed
director
2021-09-01
📄
accounts-with-accounts-type-full
accounts · AA
2021-08-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-08-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-14
📄
change-person-director-company-with-change-date
officers · CH01
2021-03-10
➖
MITCHELL, Alan resigned
director
2020-08-12
➖
MCSPORRAN, James resigned
director
2019-05-01
➖
CRICHTON, Gareth Logie resigned
director
2019-05-01
➕
MCSPORRAN, James appointed
director
2019-01-29
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2017-10-27
➕
DENTONS SECRETARIES LIMITED appointed
corporate-secretary
2017-10-27
➖
MACLAY MURRAY & SPENS LLP resigned
corporate-secretary
2015-08-24
➖
BREMNER, Philip Seymour resigned
director
2013-09-15
➕
ROBERTS, Edward Alexander Thornill appointed
director
2011-04-01
➕
CRICHTON, Gareth Logie appointed
director
2010-10-01
➕
ROBERTS, Stuart James Thornill appointed
director
2010-01-25
🔒
Charge registered #3
Lender: Lloyds Tsb Commercial Finance Limited
2008-12-31
➖
MONKMAN, Harry James David resigned
director
2007-09-18
➖
IAIN SMITH & COMPANY resigned
corporate-nominee-secretary
2007-09-18
➕
MACLAY MURRAY & SPENS LLP appointed
corporate-secretary
2002-11-05
➕
GRAY, Douglas Cowan appointed
director
2002-11-05
➕
MONKMAN, Harry James David appointed
director
1999-01-01
➕
BREMNER, Philip Seymour appointed
director
1998-01-01
➕
ADAM, Ian appointed
director
1995-09-04
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1991-07-03
➕
MITCHELL, Alan appointed
director
1981-10-21
🏢
Company incorporated
As NORTHERN ISLES FREIGHTWAYS LIMITED

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 45 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-10-04: legacy

Group structure

Streamline Shipping Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Streamline Shipping Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

NORTHERN ISLES FREIGHTWAYS LIMITED

This company · SC076352

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
Streamline Shipping Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	31/12/2022

2 historic (ceased) PSCs

Streamline Shipping Group Limitedceased 31/12/2022· 75-100% shares · 75-100% voting · board control
Streamline Shipping Agencies Limitedceased 29/11/2018· 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.

🔒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

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EDDA SUPPLY SHIPS III LIMITED→ SC666249 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ELAINE'S TAXIS PETERHEAD LTD→ SC782430 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ELECTRIC SCRIBE 2000 LIMITED→ SC214214 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
ESSEX INTERNATIONAL TRANSPORT LTD→ SC525271 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ESWL LIMITED→ SC374888 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
EXCEL MAINTENANCE WESTHILL LTD→ SC401191 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
EXCELLENCE LOGISTICS LTD→ SC705661 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated1981-10-21

Jurisdictionscotland

Primary SIC50200 — SIC 50200

Registered office

Streamline Terminal

Blaikies Quay

Aberdeen

AB11 5PU

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-02-14

Last: 2026-01-31