IPGL LIMITED
🌳Matureactive
02011009 · ltd · incorporated 1986-04-16
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
35 live charges · 12 lenders · oldest 31.0y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 31.0 years old — likely at or near maturity.
- · 12 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (62/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
35 charges (35/35 with lender, 35/35 with type)
90
Directors & officers
34 officers (5 active, 34 linked, 32 with DOB)
89
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
26 connected companies via shared directors
90
Filing history
333 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
7
filings
- • 5 mortgage
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (132 events)Click to expand
- 2026-02-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-19🔓Charge satisfied #31
- 2026-02-19🔓Charge satisfied #30
- 2026-02-19🔓Charge satisfied #29
- 2026-01-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-20🔒Charge registered #35Lender: Barclays Bank PLC
- 2026-01-20🔒Charge registered #34Lender: Barclays Bank PLC
- 2026-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2025-09-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-05➕BRAZIER, Simon Richard appointeddirector
- 2025-09-05➖JOHNSON, Seth James Burnett resigneddirector
- 2025-08-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-28🔒Charge registered #33Lender: Ubs Ag
- 2025-06-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-16🔒Charge registered #32Lender: Ubs Ag London Branch
- 2025-06-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-31➖RHOTEN, John Douglas resigneddirector
- 2024-12-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-18➖ALLY, Bibi Rahima resignedsecretary
- 2024-12-17📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2024-12-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-01➕DAVISON, Piers appointeddirector
- 2024-03-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-04🔒Charge registered #31Lender: Barclays Bank PLC
- 2024-02-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-09🔒Charge registered #30Lender: Barclays Bank PLC
- 2024-02-09🔒Charge registered #29Lender: Barclays Bank PLC
- 2024-01-31➖PIGAGA, Kenneth Michael resigneddirector
- 2024-01-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-18📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-14📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-06🔒Charge registered #28Lender: Credit Suisse Ag
- 2023-07-27➖BOGDANERIS, Ion resigneddirector
- 2023-02-06➕BOGDANERIS, Ion appointeddirector
- 2023-02-06➖WREN, Samantha Anne resigneddirector
- 2022-10-12➕PIGAGA, Kenneth Michael appointeddirector
- 2022-06-13➖GELBER, David resigneddirector
- 2021-09-28🔒Charge registered #26Lender: Credit Suisse Ag
- 2021-09-24🔒Charge registered #27Lender: Credit Suisse Ag
- 2021-07-01➕JOHNSON, Seth James Burnett appointeddirector
- 2021-03-19🔒Charge registered #25Lender: J.P. Morgan Bank Luxembourg S.A.
- 2020-06-19🔒Charge registered #24Lender: Credit Suisse Ag
- 2020-06-11🔓Charge satisfied #22
Showing most recent 50 of 132 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-01-20: A registered charge; 2026-01-20: A registered charge; 2025-07-28: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
13 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Ipgl (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ipgl (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
⬇
IPGL LIMITED
This company · 02011009
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 |
|---|---|---|---|---|
Ipgl (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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
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|---|---|---|---|---|---|---|---|
| 1-14 DRAYTON COURT RTM COMPANY LIMITED→ 12957433 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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| 109 PHILBEACH GARDENS RESIDENTS ASSOCIATION LIMITED→ 00878838 · est 1966 · no financials extracted | — | — | — | — | 59y | — | — |
| 11 - 13 CASTLEVIEW RTM COMPANY LTD→ 16483680 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 11-13 COURTNEY MANAGEMENT LIMITED→ 13868733 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| 110-112 HIGH STREET RTM COMPANY LIMITED→ 06147493 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 111 BOUNDARY ROAD (FREEHOLD) LIMITED→ 13258186 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 111 GLENEAGLE ROAD FREEHOLD LIMITED→ 08523270 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 111 KENILWORTH AVENUE LIMITED→ 13370333 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1986-04-16
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
3rd Floor 39 Sloane Street
Knightsbridge
London
SW1X 9LP
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (5 active · 29 resigned)
BRAZIER, Simon Richard→
Activedirector · ~51y · appointed 2025-09-05
View their other companies + combined net worth →
COURTENAY-STAMP, David Jeremy→
Activedirector · ~64y · appointed 2003-07-07
View their other companies + combined net worth →
DAVISON, Piers→
Activedirector · ~53y · appointed 2024-12-01
View their other companies + combined net worth →
SPENCER, Michael Alan, Lord Spencer Of Alresford→
Activedirector · ~71y
View their other companies + combined net worth →
SPENCER, Thomas George→
Activedirector · ~36y · appointed 2020-01-01
View their other companies + combined net worth →
ALLY, Bibi Rahima→
Resignedsecretary · appointed 2004-10-14 · resigned 2024-12-18
MANSELL, Simon Henry John→
Resignedsecretary · resigned 2004-10-14
ARMIST, Ronald→
Resigneddirector · ~73y · appointed 2005-11-07 · resigned 2006-07-31
BELSHAM, Martin David→
Resigneddirector · ~66y · appointed 2000-10-03 · resigned 2003-01-23
BINKS, Thomas Anthony→
Resigneddirector · ~73y · appointed 2005-11-07 · resigned 2009-01-22
BOGDANERIS, Ion→
Resigneddirector · ~68y · appointed 2023-02-06 · resigned 2023-07-27
BOOM, Gary→
Resigneddirector · ~68y · resigned 1994-10-03
CASTERTON, David Anthony→
Resigneddirector · ~68y · appointed 1996-09-30 · resigned 2004-05-06
CASTERTON, David→
Resigneddirector · ~68y · appointed 1995-04-01 · resigned 1995-04-01
CASTLE, Kenneth David→
Resigneddirector · ~75y · resigned 1995-03-31
CLOTHIER, Christopher Gurth→
Resigneddirector · ~47y · appointed 2012-07-18 · resigned 2015-07-15
CONWAY-HENDERSON, Geoffrey David→
Resigneddirector · ~80y · resigned 1998-01-01
GELBER, David→
Resigneddirector · ~79y · appointed 1994-06-01 · resigned 2022-06-13
JOHNSON, Seth James Burnett→
Resigneddirector · ~58y · appointed 2021-07-01 · resigned 2025-09-05
KELLY, Declan Pius→
Resigneddirector · ~65y · appointed 1997-03-04 · resigned 2012-03-09
Click a director name to see their full track record across all companies.
Mortgages & charges
35
Total charges
13
Outstanding
6
Active lenders
Status:Lender:35 of 35 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/01/2026 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 20/01/2026 | — | |
| outstanding | Ubs Ag | A registered charge | — | 28/07/2025 | — | |
| outstanding | Ubs Ag London Branch | A registered charge | — | 16/06/2025 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 04/03/2024 | 19/02/2026 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 09/02/2024 | 19/02/2026 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 09/02/2024 | 19/02/2026 | |
| outstanding | Credit Suisse Ag | A registered charge | — | 06/12/2023 | — | |
| outstanding | Credit Suisse Ag | A registered charge | — | 28/09/2021 | — | |
| outstanding | Credit Suisse Ag | A registered charge | — | 24/09/2021 | — | |
| outstanding | J.P. Morgan Bank Luxembourg S.A. | A registered charge | — | 19/03/2021 | — | |
| outstanding | Credit Suisse Ag | A registered charge | 1 property | 19/06/2020 | — | |
| outstanding | Credit Suisse Ag Acting in Its Capacity as Security Agent for Itself and as a Direct Representative (Direkter Stellvertreter) in the Name and for the Account of the Other Secured Parties (as Defined in the Security Agreement Dated 14/06/2019) | A registered charge | 1 property | 07/05/2020 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 27/03/2020 | 11/06/2020 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 10/02/2020 | — | |
| outstanding | Credit Suisse Ag | A registered charge | 1 property | 14/06/2019 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 24/02/2016 | — | |
| satisfied | Jpmorgan Chase Bank,N.A. (New York Branch) | Assignment | 1 property | 14/01/2013 | 19/12/2014 | |
| satisfied | HSBC Hsbc Bank PLC | Second ranking share charge | 2 properties | 14/01/2013 | 19/12/2014 | |
| satisfied | HSBC Hsbc Bank PLC | Second ranking floating charge | 1 property | 14/01/2013 | 19/12/2014 | |
| satisfied | HSBC Hsbc Bank PLC | Amendment and restatement deed | 1 property | 06/01/2011 | 19/12/2014 | |
| satisfied | HSBC Hsbc Bank PLC (The Security Agent) | Security agreement | 1 property | 02/01/2009 | 19/12/2014 | |
| satisfied | Sotheby's Financial Services Sotheby's Financial Services LTD | Mortgage | 1 property | 31/12/2008 | 02/03/2009 | |
| satisfied | HSBC Hsbc Bank PLC (The Security Agent) | Share charge | 1 property | 07/10/2008 | 19/12/2014 | |
| satisfied | HSBC Hsbc Bank PLC (The Security Agent) | Security agreement | 1 property | 06/10/2008 | 19/12/2014 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 12/02/2008 | 19/12/2014 | |
| satisfied | Kbc Investments Kbc Investments Limited | Security deed | 1 property | 22/01/2008 | 19/02/2009 | |
| satisfied | Barclays Barclays Bank PLC | Agreement for pledge | 1 property | 09/03/2006 | 11/05/2007 | |
| satisfied | Barclays Barclays Bank PLC | Insurance assignment | 1 property | 09/03/2006 | 11/05/2007 | |
| satisfied | Barclays Barclays Bank PLC (The Security Trustee) | Charge over bank account | 1 property | 20/09/2005 | 31/03/2008 | |
| satisfied | Barclays Barclays Bank PLC (The Security Trustee) | Debenture | 1 property | 22/06/2004 | 31/03/2008 | |
| satisfied | HSBC Hsbc Bank PLC | Security agreement | 1 property | 06/06/2003 | 14/10/2005 | |
| satisfied | Barclays Barclays Bank PLC | Deed of amendment relating to a charge over shares and securities originally dated 18TH november 1998 | 1 property | 22/08/2000 | 31/03/2008 | |
| satisfied | Barclays Barclays Bank PLC | Charge over shares and security | 1 property | 18/11/1998 | 31/03/2008 | |
| satisfied | Barclays Barclays Bank PLC | Deed of charge over credit balances | 1 property | 09/06/1995 | 31/03/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (333 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-19
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-28
accounts-with-accounts-type-full
accounts · AA
2026-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-06
appoint-person-director-company-with-name-date
officers · AP01
2025-09-08
termination-director-company-with-name-termination-date
officers · TM01
2025-09-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-17
change-person-director-company-with-change-date
officers · CH01
2025-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-full
accounts · AA
2025-01-07
termination-director-company-with-name-termination-date
officers · TM01
2024-12-31