FLOGAS ATLAS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
Refinance opportunity
13 live charges · 8 lenders · oldest 48.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 48.8 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
Corporate timeline (89 events)Click to expand
- 2025-09-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-15➖HORTON, Paul resigneddirector
- 2025-07-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-12-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-11-27📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-11-26➕LEAK, Adam John appointedsecretary
- 2024-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-04➖BILLING, Davinder resignedsecretary
- 2024-07-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-07-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-06-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-05-22➕BILLING, Davinder appointedsecretary
- 2023-05-22➖HALL, Oliver Joseph resignedsecretary
- 2023-03-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-22➕HALL, Oliver Joseph appointeddirector
- 2022-11-15➖GANNON, William Francis resigneddirector
- 2022-11-15➕HORTON, Paul appointeddirector
- 2022-11-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-04-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-12-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-08-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-08-05➕TREVOR, Ivan James appointeddirector
- 2019-08-05➖PLYTE, Mark Edward resigneddirector
- 2019-08-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-02-08➖GANDHI, Zarana resignedsecretary
- 2019-02-08➕HALL, Oliver Joseph appointedsecretary
- 2018-05-31➖CLARK, Tom resignedsecretary
- 2018-05-31➕GANDHI, Zarana appointedsecretary
- 2017-09-18➖ABLETT, Peter resigneddirector
- 2017-09-18➖CUBBON, James Henry resigneddirector
- 2017-09-18➕GANNON, William Francis appointeddirector
- 2017-09-18➖MURPHY, Donal resigneddirector
- 2016-05-10➕CLARK, Tom appointedsecretary
- 2016-05-10➖CULLUM, Mark Ian Albert resignedsecretary
- 2014-06-17➕CULLUM, Mark Ian Albert appointedsecretary
- 2014-06-17➖WOODHOUSE, Lee Shelley resignedsecretary
- 2008-09-30➖ABLETT, Peter resignedsecretary
- 2008-09-30➕WOODHOUSE, Lee Shelley appointedsecretary
- 2008-09-30➕CUBBON, James Henry appointeddirector
- 2008-09-30➖KILMARTIN, Patrick Jeremy resigneddirector
- 2008-09-30➕MURPHY, Donal appointeddirector
- 2008-09-30➕PLYTE, Mark Edward appointeddirector
- 2006-05-19🔓Charge satisfied #10
- 2006-05-16➕ABLETT, Peter appointedsecretary
- 2006-05-16➖RANSON, Barbara Jane resignedsecretary
- 2006-05-16➕TWM CORPORATE SERVICES LIMITED appointedcorporate-secretary
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Avontide Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Avontide Limited Corporate entity | 75–100% | — | 75-100% shares | 08/10/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (3 active · 22 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 27/02/1997 | 25/06/2004 | |
| satisfied | Mobil Oil Company Mobil Oil Company Limited | Legal charge | 1 property | 14/02/1995 | 13/06/1997 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 17/11/1994 | 25/06/2004 | |
| satisfied | J.G. Ranson | Floating charge | 1 property | 13/10/1993 | 19/05/2006 | |
| satisfied | C & J Transport (Attenborough) C & J Transport (Attenborough) Limited | Legal charge | 1 property | 13/10/1993 | 22/01/1994 | |
| satisfied | Southern Counties Fuels Southern Counties Fuels Limited | Debenture | 1 property | 13/10/1993 | 31/07/2000 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 15/06/1993 | 25/06/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Legal charge | 1 property | 09/06/1992 | 16/10/1993 | |
| satisfied | Conoco Conoco Limited | Bill of sale | 1 property | 12/07/1991 | 25/06/2004 | |
| satisfied | Conoco Conoco Limited | Chattel mortgage | 1 property | 15/11/1984 | 25/06/2004 | |
| satisfied | Midland Bank Midland Bank PLC | Charge | 1 property | 13/10/1983 | 16/10/1993 | |
| satisfied | Midland Bank Midland Bank PLC | Mortgage | 1 property | 10/08/1977 | 07/08/1993 | |
| satisfied | Midland Bank Midland Bank PLC | Mortgage | 1 property | 10/08/1977 | 16/10/1993 |