FLAG COMMUNICATION LIMITED
Opportunity 64/100 (worth a look), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 40.7y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 40.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (57/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
- • 2 accounts
- • 2 other
Corporate timeline (70 events)Click to expand
- 2026-04-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-04-16📄legacyaccounts · PARENT_ACC
- 2026-04-16📄legacyother · GUARANTEE2
- 2026-04-16📄legacyother · AGREEMENT2
- 2025-04-08📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-04-08📄legacyaccounts · PARENT_ACC
- 2025-04-08📄legacyother · GUARANTEE2
- 2025-04-08📄legacyother · AGREEMENT2
- 2024-08-09📄legacyaccounts · PARENT_ACC
- 2024-08-09📄legacyother · GUARANTEE2
- 2024-08-09📄legacyother · AGREEMENT2
- 2024-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-30📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-09-19📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-31📄accounts-with-accounts-type-smallaccounts · AA
- 2022-01-25📄capital-name-of-class-of-sharescapital · SH08
- 2022-01-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-01-21📄memorandum-articlesincorporation · MA
- 2022-01-21📄resolutionresolution · RESOLUTIONS
- 2022-01-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-14➖HOLLEYOAK, Christopher resignedsecretary
- 2022-01-14➖HOLLEYOAK, Christopher resigneddirector
- 2022-01-14➖MORRIS, Christopher John resigneddirector
- 2022-01-14➖TAYLOR, Richard Scott resigneddirector
- 2015-06-01🔒Charge registered #5Lender: National Westminster Bank PLC
- 2012-12-04🔓Charge satisfied #4
- 2012-12-04🔓Charge satisfied #3
- 2012-07-02➕TAYLOR, Victoria Jane appointeddirector
- 2012-07-02➖BOTHA, Llewellyn Kevan resignedsecretary
- 2012-07-02➖DOLBEAR, Jonathan resignedsecretary
- 2012-07-02➕HOLLEYOAK, Christopher appointedsecretary
- 2012-07-02➖BRAASCH, Jochen resigneddirector
- 2012-07-02➕HOLLEYOAK, Christopher appointeddirector
- 2012-07-02➕MORRIS, Christopher John appointeddirector
- 2012-07-02➖OLDFIELD, Nicholas Stuart Robert resigneddirector
- 2012-07-02➖SARKAR, Nazir resigneddirector
- 2012-07-02➕TAYLOR, Richard Scott appointeddirector
- 2011-07-21➕DOLBEAR, Jonathan appointedsecretary
- 2011-01-21➕SARKAR, Nazir appointeddirector
- 2010-08-03➕BRAASCH, Jochen appointeddirector
- 2010-07-01➖HOOD, James Terence resigneddirector
- 2008-12-16➕HOOD, James Terence appointeddirector
- 2008-02-26➖SMITH, Jason Leigh resigneddirector
- 2007-10-12➖CAMERON, Robin Stuart resigneddirector
- 2007-10-12➕OLDFIELD, Nicholas Stuart Robert appointeddirector
- 2006-08-02➕SMITH, Jason Leigh appointeddirector
- 2006-04-15➖NIEDERMAIER, Oliver resigneddirector
- 2006-02-15➖SHEPPARD, John Mark resigneddirector
- 2006-01-31➕BOTHA, Llewellyn Kevan appointedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-14
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Tellis Capital 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 |
|---|---|---|---|---|
Tellis Capital Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/01/2022 |
1 historic (ceased) PSC
- 2cr Limitedceased 14/01/2022· 75-100% shares · firm interest
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.
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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 →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 (1 active · 21 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 01/06/2015 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture deed | 1 property | 30/09/2003 | 04/12/2012 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 02/12/1998 | 04/12/2012 | |
| satisfied | Virgin Money Yorkshire Bank PLC | Debenture | 1 property | 14/04/1994 | 06/02/1999 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 19/11/1985 | 23/06/1994 |