ICG ENTERPRISE TRUST PLC
🌳Matureactive
01571089 · plc · incorporated 1981-06-29
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Activities of investment trusts
Sector: Financial & insurance
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
8 live charges · 5 lenders · oldest 15.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 15.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
26 officers (7 active, 26 linked, 22 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
625 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
19
filings
- • 18 capital
- • 1 confirmation-statement
Last 180 days
25
filings
- • 24 capital
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2026-04-14📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-14📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-14📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-14📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-14📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-26📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-26📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-26📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-25📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-19📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-19📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2023-07-11🔓Charge satisfied #6
- 2023-07-11🔓Charge satisfied #5
- 2023-05-30🔒Charge registered #8Lender: Smbc Bank International PLC
- 2023-05-30🔒Charge registered #7Lender: Smbc Bank International PLC
- 2022-07-01➕IGHODARO, Adiba Folashade appointeddirector
- 2022-07-01➕NICHOLLS, Janine appointeddirector
- 2022-06-28➖PAJAROLA, Sandra resigneddirector
- 2021-06-21➖RICHES, Lucinda Jane resigneddirector
- 2021-02-26🔒Charge registered #6Lender: Credit Suisse Ag, London Branch
- 2021-02-26🔒Charge registered #5Lender: Credit Suisse Ag, London Branch
- 2021-02-26🔓Charge satisfied #4
- 2021-01-22🔓Charge satisfied #3
- 2021-01-22🔓Charge satisfied #2
- 2021-01-22🔓Charge satisfied #1
- 2020-12-01➕WARNOCK, David appointeddirector
- 2020-11-16➕ICG FMC LIMITED appointedcorporate-secretary
- 2020-11-16➖ICG NOMINEES 2015 LIMITED resignedcorporate-secretary
- 2020-06-17➖TIGUE, Jeremy John resigneddirector
- 2019-09-02➕FUSENIG, Gerhard Wilhelm appointeddirector
- 2019-06-27➖POMFRET, Andrew David resigneddirector
- 2019-04-18➕TUFNELL, Rosina Jane appointeddirector
- 2019-04-02🔒Charge registered #4Lender: Lloyds Bank Corporate Markets PLC (As Security Trustee for Itself and the Other Secured Parties)
- 2018-06-18➖DICKS, Peter Frederick resigneddirector
- 2018-05-01➕BRUCE, Alastair Charles appointeddirector
- 2017-06-13➖FANE, Mark William resigneddirector
- 2016-02-01➖GRAPHITE CAPITAL MANAGEMENT LLP resignedcorporate-secretary
Showing most recent 50 of 76 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -6 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryStable-but-static management: Company is 45 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · Financial services · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 2X IGNITE LIMITED→ 15873885 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABERDEEN CORPORATE FINANCE LIMITED→ 16025827 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABIGAIL FINANCE LTD→ 16529900 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABL ADJUSTING LIMITED→ 01314814 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| ABN AMRO CLEARING LONDON LIMITED→ 11656866 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ABRDN (IL INFRASTRUCTURE DEBT) GP LIMITED→ 14313126 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ABRDN EUROPEAN SUSTAINABLE INFRASTRUCTURE GP V LIMITED→ 15767713 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ABRDN FUND MANAGERS LIMITED→ 00740118 · est 1962 · no financials extracted | — | — | — | — | 63y | — | — |
| ABRDN GLOBAL SUSTAINABLE INFRASTRUCTURE IV UK LATAM A LIMITED→ 16415544 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABRDN GLOBAL SUSTAINABLE INFRASTRUCTURE IV UK LATAM B LIMITED→ 16417272 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ABRDN LIFE AND PENSIONS LIMITED→ 03526143 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| ABRIDGE CAPITAL INTERNATIONAL LIMITED→ 05934959 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Typeplc
Incorporated1981-06-29
Jurisdictionengland-wales
Primary SIC64301 — Activities of investment trusts
Registered office
Procession House
55 Ludgate Hill
London
EC4M 7JW
United Kingdom
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05
Officers (7 active · 19 resigned)
ICG FMC LIMITED→
Activecorporate-secretary · appointed 2020-11-16
View their other companies + combined net worth →
BRUCE, Alastair Charles→
Activedirector · ~63y · appointed 2018-05-01
View their other companies + combined net worth →
FUSENIG, Gerhard Wilhelm→
Activedirector · ~63y · appointed 2019-09-02
View their other companies + combined net worth →
IGHODARO, Adiba Folashade→
Activedirector · ~63y · appointed 2022-07-01
View their other companies + combined net worth →
NICHOLLS, Janine→
Activedirector · ~59y · appointed 2022-07-01
View their other companies + combined net worth →
TUFNELL, Rosina Jane→
Activedirector · ~62y · appointed 2019-04-18
View their other companies + combined net worth →
WARNOCK, David→
Activedirector · ~68y · appointed 2020-12-01
View their other companies + combined net worth →
F & C MANAGEMENT LIMITED→
Resignedcorporate-secretary · resigned 2001-03-07
GRAPHITE CAPITAL MANAGEMENT LLP→
Resignedcorporate-secretary · appointed 2001-03-07 · resigned 2016-02-01
ICG NOMINEES 2015 LIMITED→
Resignedcorporate-secretary · appointed 2016-02-01 · resigned 2020-11-16
BARKER, Andrew Charles→
Resigneddirector · ~81y · resigned 1998-12-31
BURTON, Peter→
Resigneddirector · ~96y · resigned 2000-04-25
CUMMING, Michael Ralston→
Resigneddirector · ~86y · appointed 1999-03-02 · resigned 2013-06-13
CURRY, Peter Alfred Max→
Resigneddirector · ~96y · resigned 2001-05-24
DICKS, Peter Frederick→
Resigneddirector · ~84y · appointed 1998-07-29 · resigned 2018-06-18
FANE, Mark William→
Resigneddirector · ~68y · appointed 2000-05-22 · resigned 2017-06-13
GRAY, Peter Francis→
Resigneddirector · ~89y · appointed 2002-11-14 · resigned 2008-05-14
HALL, Roderick Cameron Mcmicking→
Resigneddirector · ~94y · resigned 1999-04-21
NELSON, James Jonathan, The Hon→
Resigneddirector · ~79y · resigned 1998-12-31
O'CONNOR, Sean Stuart→
Resigneddirector · ~78y · appointed 2001-05-24 · resigned 2011-06-15
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Smbc Bank International Smbc Bank International PLC | A registered charge | 1 property | 30/05/2023 | — | |
| outstanding | Smbc Bank International Smbc Bank International PLC | A registered charge | 1 property | 30/05/2023 | — | |
| satisfied | Credit Suisse Ag, London Branch | A registered charge | 1 property | 26/02/2021 | 11/07/2023 | |
| satisfied | Credit Suisse Ag, London Branch | A registered charge | 1 property | 26/02/2021 | 11/07/2023 | |
| satisfied | Lloyds Banking Group Lloyds Bank Corporate Markets PLC (As Security Trustee for Itself and the Other Secured Parties) | A registered charge | 1 property | 02/04/2019 | 26/02/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 01/02/2016 | 22/01/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Security Trustee (The Security Trustee) | Debenture | 1 property | 05/05/2011 | 22/01/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC as Security Trustee (The Security Trustee) | Debenture | 1 property | 05/05/2011 | 22/01/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (625 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-14
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13