ARRAN HAULAGE SERVICES LIMITED

🌳Matureactive
SC109578 · ltd · incorporated 1988-03-01
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 Mar 2025
Net worth
£1.47M
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (63/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 37.9y

35/100
too messy

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

  • · Oldest live charge is 37.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 9 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
131 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,465,260
Cash YoY
+37%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£289k
↑ 37% YoY
Net Worth
£1.5m
↑ 7.2% YoY
Current Assets
£805k
↑ 1.4% YoY
Current Liabilities
—
£0£293k£586k£879k£1.2m£1.5mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.71M£1.64M
Current assets£804.6k£793.9k
Cash£289.1k£211.5k
Debtors£386.8k£444.1k
Net assets£1.47M£1.37M

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2022-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-07-01
    🔓
    Charge satisfied #6
  8. 2022-07-01
    🔓
    Charge satisfied #4
  9. 2021-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-09-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2021-09-27
    🔓
    Charge satisfied #5
  12. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2016-09-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2016-09-08
    🔒
    Charge registered #6
    Lender: Carolyn Susan Warwick
  18. 2016-08-26
    ➕
    ARMITAGE, Rachel Elizabeth appointed
    secretary
  19. 2016-08-26
    ➕
    ARMITAGE, Rachel Elizabeth appointed
    director
  20. 2016-08-26
    ➕
    ARMITAGE, Struan James appointed
    director
  21. 2016-08-26
    ➖
    WARWICK, Carolyn Susan resigned
    secretary
  22. 2016-08-26
    ➖
    BANNATYNE, Donald Sillars resigned
    director
  23. 2016-08-26
    ➖
    WARWICK, Carolyn Susan resigned
    director
  24. 2016-08-26
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  25. 2016-08-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  26. 2016-08-23
    🔓
    Charge satisfied #3
  27. 2005-03-11
    ➖
    COIA, Dominic resigned
    director
  28. 2002-01-03
    ➖
    BANNATYNE, Donald Sillars resigned
    director
  29. 2002-01-03
    ➕
    COIA, Dominic appointed
    director
  30. 1997-12-31
    ➖
    URQUHART, Celia resigned
    director
  31. 1997-11-27
    ➖
    BANNATYNE, Donald Sillars resigned
    secretary
  32. 1997-11-27
    ➕
    WARWICK, Carolyn Susan appointed
    secretary
  33. 1997-11-27
    ➕
    WARWICK, Carolyn Susan appointed
    director
  34. 1996-05-01
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  35. 1995-02-02
    🔓
    Charge satisfied #2
  36. 1994-11-25
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  37. 1994-11-14
    🔓
    Charge satisfied #1
  38. 1994-09-29
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  39. 1994-09-05
    ➕
    BANNATYNE, Donald Sillars appointed
    director
  40. 1994-06-15
    ➖
    HADDOW, Robert Frank resigned
    director
  41. 1993-03-19
    ➖
    CASKIE, Craig resigned
    director
  42. 1991-02-14
    ➕
    CASKIE, Craig appointed
    director
  43. 1990-03-28
    ➕
    BANNATYNE, Donald Sillars appointed
    secretary
  44. 1990-03-28
    ➖
    BANNATYNE, Donald Sillars resigned
    secretary
  45. 1990-03-28
    ➕
    BANNATYNE, Donald Sillars appointed
    secretary
  46. 1990-03-28
    ➕
    BANNATYNE, Donald Sillars appointed
    director
  47. 1990-01-15
    ➖
    WARWICK, Cellan David resigned
    secretary
  48. 1990-01-15
    ➖
    WARWICK, Cellan David resigned
    director
  49. 1988-11-21
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  50. 1988-06-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 51 events

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Armitage Holdings (Arran) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Armitage Holdings (Arran) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ARRAN HAULAGE SERVICES LIMITED
This company · SC109578

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
Armitage Holdings (Arran) Limited
Corporate entity
75–100%
—75-100% shares26/08/2016

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

6 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
Incorporated1988-03-01
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Burgoyne Carey Pavilion 2
3 Dava Street
Glasgow
G51 2JA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05

Officers (3 active · 12 resigned)

ARMITAGE, Rachel Elizabeth→
secretary · appointed 2016-08-26
View their other companies + combined net worth →
Active
ARMITAGE, Rachel Elizabeth→
director · ~52y · appointed 2016-08-26
View their other companies + combined net worth →
Active
ARMITAGE, Struan James→
director · ~55y · appointed 2016-08-26
View their other companies + combined net worth →
Active
BANNATYNE, Donald Sillars→
secretary · appointed 1990-03-28 · resigned 1990-03-28
Resigned
BANNATYNE, Donald Sillars→
secretary · appointed 1990-03-28 · resigned 1997-11-27
Resigned
WARWICK, Carolyn Susan→
secretary · appointed 1997-11-27 · resigned 2016-08-26
Resigned
WARWICK, Cellan David→
secretary · resigned 1990-01-15
Resigned
BANNATYNE, Donald Sillars→
director · ~100y · appointed 1994-09-05 · resigned 2002-01-03
Resigned
BANNATYNE, Donald Sillars→
director · ~68y · appointed 1990-03-28 · resigned 2016-08-26
Resigned
CASKIE, Craig→
director · ~82y · appointed 1991-02-14 · resigned 1993-03-19
Resigned
COIA, Dominic→
director · ~63y · appointed 2002-01-03 · resigned 2005-03-11
Resigned
HADDOW, Robert Frank→
director · ~88y · resigned 1994-06-15
Resigned
URQUHART, Celia→
director · ~100y · resigned 1997-12-31
Resigned
WARWICK, Carolyn Susan→
director · ~63y · appointed 1997-11-27 · resigned 2016-08-26
Resigned
WARWICK, Cellan David→
director · resigned 1990-01-15
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Carolyn Susan Warwick / Donald Sillars Bannatyne
A registered charge1 property08/09/201601/07/2022
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property01/05/199627/09/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property25/11/199401/07/2022
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/09/199423/08/2016
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/11/198802/02/1995
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property10/06/198814/11/1994

Recent filings (131 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-26
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-30