EDINBURGH RAIL LIMITED

🌳Matureactive

SC356384 · ltd · incorporated 2009-03-11

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£-40.9k

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: SIC 49100

Sector: Transportation & storage

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (65/100).

Data confidence

Overall: high (82/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

9 officers (5 active, 9 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

15 connected companies via shared directors

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £40,920

Cash YoY

+24%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£10k

↑ 24% YoY

Net Worth

-£41k

↑ 3.8% YoY

Current Assets

£13k

↓ 69% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£-40.9k	£-42.5k
Current assets	£12.8k	£41.7k
Cash	£10.1k	£8.2k
Debtors	£2.6k	£33.5k
Net assets	£-40.9k	£-42.5k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-03-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-12
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2021-04-08
📄
capital-name-of-class-of-shares
capital · SH08
2021-04-08
📄
resolution
resolution · RESOLUTIONS
2021-04-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-04-01
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-15
📄
capital-allotment-shares
capital · SH01
2021-03-11
📄
capital-name-of-class-of-shares
capital · SH08
2020-12-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-08-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-08-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-03-17
📄
change-person-director-company-with-change-date
officers · CH01
2019-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-12
➕
CAHILL, Anthony John appointed
director
2019-06-12
➕
WALTERS, Ian George, Mr. appointed
director
2009-06-03
➕
MCGREGOR, John Alexander Stephen appointed
secretary
2009-06-03
➕
HAZEL, George Mclean appointed
director
2009-06-03
➕
MCGREGOR, John Alexander Stephen appointed
director
2009-06-03
➖
MACLAY MURRAY & SPENS LLP resigned
corporate-nominee-secretary
2009-06-03
➖
VINDEX LIMITED resigned
corporate-director
2009-06-03
➖
VINDEX SERVICES LIMITED resigned
corporate-director
2009-06-02
➖
TRUESDALE, Christine resigned
director
2009-03-11
🏢
Company incorporated
As EDINBURGH RAIL LIMITED
2009-03-11
➕
MACLAY MURRAY & SPENS LLP appointed
corporate-nominee-secretary
2009-03-11
➕
TRUESDALE, Christine appointed
director
2009-03-11
➕
VINDEX LIMITED appointed
corporate-director
2009-03-11
➕
VINDEX SERVICES LIMITED appointed
corporate-director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

78/100

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 77 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 17 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: 2026-03-29

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Ian George Walters Individual · British · DOB 11/1969 · age 57	—	—	sig. influencesignificant influence	15/03/2021

1 historic (ceased) PSC

Mr John Alexander Stephen Mcgregorceased 15/03/2021· 25-50% shares

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 · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MALAKI LIMITED→ SC722207 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
MALMAR TAXIS LTD→ SC644456 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
MONEYACRES TRANSPORT LTD.→ SC317917 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
P & C HAMILTON LTD→ SC298329 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
P.M.P.S KILMARNOCK LTD→ SC858999 · est 2025 · no financials extracted	—	—	—	—	—	—	—
PORTRAIL GROUP (FLOATING PIERS) LIMITED→ SC345505 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
PPS - PRIME PARCEL SERVICES LTD→ SC666756 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
S D BRINDLE LTD→ SC655185 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
S NISBET LOGISTICS LTD→ SC775087 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
S&R LIMOUSINES & WEDDING CARS LTD→ SC800593 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
SAFE SECURE STORAGE LTD→ SC688369 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
SANDY ANDERSON TRANSPORT LTD→ SC172958 · est 1997 · no financials extracted	—	—	—	—	29y	—	—

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

Incorporated2009-03-11

Jurisdictionscotland

Primary SIC49100 — SIC 49100

Registered office

6 Miller Road

Ayr

KA7 2AY

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-03-29OVERDUE

Last: 2025-03-15