BULLET EXPRESS LOGISTICS LTD

🌳Matureactive
SC484425 · ltd · incorporated 2014-08-15
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 Aug 2024
Net worth
£1
book net assets
Opportunity
79/100
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 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1
~ YoY
Current Assets
—
Current Liabilities
—
£0£0£0£1£1£1Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£1£1
Debtors£1£1
Net assets£1£1

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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-30
    ➖
    MACKAY, Bridget Marie resigned
    director
  5. 2024-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2016-08-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2014-08-15
    🏢
    Company incorporated
    As BULLET EXPRESS LOGISTICS LTD
  18. 2014-08-15
    ➕
    MCCUTCHEON, David James appointed
    director
  19. 2014-08-15
    ➕
    SMITH, Gary Richard appointed
    director
  20. 2014-08-15
    ➕
    COSEC LIMITED appointed
    corporate-secretary
  21. 2014-08-15
    ➖
    COSEC LIMITED resigned
    corporate-secretary
  22. 2014-08-15
    ➕
    MACKAY, Bridget Marie appointed
    director
  23. 2014-08-15
    ➕
    MCMEEKIN, James Stuart appointed
    director
  24. 2014-08-15
    ➖
    MCMEEKIN, James Stuart resigned
    director
  25. 2014-08-15
    ➕
    COSEC LIMITED appointed
    corporate-director
  26. 2014-08-15
    ➖
    COSEC LIMITED resigned
    corporate-director

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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

61/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David James Mccutcheon
Individual · British · DOB 12/1962 · age 64
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Gary Richard Smith
Individual · British · DOB 05/1964 · age 62
——board controlboard control06/04/2016
1 historic (ceased) PSC
  • Mrs Bridget Marie Mackayceased 30/05/2024· 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 →

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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
Incorporated2014-08-15
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

6th Floor
Gordon Chambers 90 Mitchell Street
Glasgow
G1 3NQ

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15

Officers (2 active · 4 resigned)

MCCUTCHEON, David James→
director · ~64y · appointed 2014-08-15
View their other companies + combined net worth →
Active
SMITH, Gary Richard→
director · ~62y · appointed 2014-08-15
View their other companies + combined net worth →
Active
COSEC LIMITED→
corporate-secretary · appointed 2014-08-15 · resigned 2014-08-15
Resigned
MACKAY, Bridget Marie→
director · ~55y · appointed 2014-08-15 · resigned 2024-05-30
Resigned
MCMEEKIN, James Stuart→
director · ~59y · appointed 2014-08-15 · resigned 2014-08-15
Resigned
COSEC LIMITED→
corporate-director · appointed 2014-08-15 · resigned 2014-08-15
Resigned

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

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-19
change-person-director-company-with-change-date
officers · CH01
2025-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2024-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-17