SOUTHBAR TRANSPORT LIMITED

💤Zombieactive
SC299464 · ltd · incorporated 2006-03-23
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 Jan 2025
Net worth
£623.5k
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
Special-situation opportunity
Distressed transport with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 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
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £623,485
Cash YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£113k
~ YoY
Net Worth
£623k
↑ 7.1% YoY
Current Assets
£607k
~ YoY
Current Liabilities
—
£0£125k£249k£374k£499k£623kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Total assets£1.18M£1.11M
Current assets£606.9k£612.5k
Cash£112.7k£112.1k
Debtors£473.3k£479.6k
Net assets£623.5k£582.4k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-10-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-10-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-05-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2020-09-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2019-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2017-11-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2016-10-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-03-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-03-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-07-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-03-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-10-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2006-12-01
    ➖
    DUNLOP, Allan Stirling resigned
    director
  18. 2006-03-23
    🏢
    Company incorporated
    As SOUTHBAR TRANSPORT LIMITED
  19. 2006-03-23
    ➕
    DUNLOP, Elise appointed
    secretary
  20. 2006-03-23
    ➕
    DUNLOP, Robert Millar appointed
    director
  21. 2006-03-23
    ➕
    DUNLOP, Allan Stirling appointed
    director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

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 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Robert Miller Dunlop
Individual · British · DOB 06/1961 · age 65
75–100%
—75-100% shares20/03/2017

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

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——3310052y8882y
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——930020y8780y
MAXI WAREHOUSING LIMITED→
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£164.8k
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——048y8382y
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——£322.8k—19y8368y
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——£279.5k—18y8359y
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————29y8277y
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———————
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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2006-03-23
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

1 Seaford Street
Kilmarnock
Ayrshire
KA1 2BZ

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-04-03OVERDUE
Last: 2025-03-20

Officers (2 active · 1 resigned)

DUNLOP, Elise→
secretary · appointed 2006-03-23
View their other companies + combined net worth →
Active
DUNLOP, Robert Millar→
director · ~65y · appointed 2006-03-23
View their other companies + combined net worth →
Active
DUNLOP, Allan Stirling→
director · ~96y · appointed 2006-03-23 · resigned 2006-12-01
Resigned

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

Recent filings (45 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-10-30