FRIENDS LIFE WL LIMITED

🌳Matureactive
03116645 · ltd · incorporated 1995-10-20
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
73/100
Strong
🔔
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What this business does
Primary activity: Life insurance
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 65300Pension funding
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (48/100).

🏦

Refinance opportunity

10 live charges · 8 lenders · oldest 20.4y

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 20.4 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 55/100 (high).

Data confidence

Overall: medium (61/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
79 officers (3 active, 79 linked, 71 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
21 connected companies via shared directors
90
Filing history
304 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (188 events)Click to expand
  1. 2026-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-08
    ➖
    SIM, Rhona Helen resigned
    director
  3. 2025-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-09-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-09-09
    ➕
    CALLAGHAN, Lee Patrick appointed
    director
  6. 2025-09-09
    ➕
    MACINTYRE, Jamie appointed
    director
  7. 2025-09-09
    ➕
    MORGAN, Alice Parker appointed
    director
  8. 2025-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-08-06
    ➖
    POTTER, Helen resigned
    director
  12. 2024-10-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2023-07-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2022-12-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-12-12
    ➖
    MCGOWAN, Laura Eileen resigned
    director
  16. 2022-11-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-11-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-11-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2022-11-01
    ➖
    FIELD, Emily Anne resigned
    director
  20. 2022-11-01
    ➕
    POTTER, Helen appointed
    director
  21. 2022-11-01
    ➕
    SIM, Rhona Helen appointed
    director
  22. 2022-09-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2021-09-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2021-07-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2021-07-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2021-07-21
    ➕
    FIELD, Emily Anne appointed
    director
  27. 2021-07-21
    ➖
    HALL, Linda resigned
    director
  28. 2021-06-15
    ➖
    GARVIN, Amy Victoria Gwynne resigned
    director
  29. 2021-06-15
    ➕
    MCGOWAN, Laura Eileen appointed
    director
  30. 2021-06-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  31. 2021-06-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  32. 2021-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  33. 2020-12-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  34. 2018-11-07
    🔓
    Charge satisfied #5
  35. 2017-09-29
    ➖
    MARSHALL, Clair Louise resigned
    director
  36. 2017-08-31
    ➕
    GARVIN, Amy Victoria Gwynne appointed
    director
  37. 2017-08-31
    ➕
    HALL, Linda appointed
    director
  38. 2017-08-31
    ➖
    RISAM, Monica resigned
    director
  39. 2017-03-17
    ➖
    FRIENDS LIFE SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  40. 2017-01-31
    ➖
    AVIVA DIRECTOR SERVICES LIMITED resigned
    corporate-director
  41. 2016-12-30
    ➕
    MARSHALL, Clair Louise appointed
    director
  42. 2016-10-01
    🔓
    Charge satisfied #10
  43. 2016-03-31
    ➕
    AVIVA DIRECTOR SERVICES LIMITED appointed
    corporate-director
  44. 2015-10-29
    ➖
    MOSS, Jonathan Stephen resigned
    director
  45. 2015-10-29
    ➕
    RISAM, Monica appointed
    director
  46. 2015-09-30
    ➖
    SMITH, Robin Duncan resigned
    director
  47. 2015-08-21
    ➖
    CALDER, Stewart Stephen resigned
    director
  48. 2014-04-24
    🔒
    Charge registered #10
    Lender: The Agricultural Mortgage Corporation PLC
  49. 2014-03-28
    ➖
    VERSEY, Mark Richard Beavis resigned
    director
  50. 2013-09-27
    ➖
    BLACK, James Masson resigned
    director
Showing most recent 50 of 188 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.

Red flags

1 med · 1 low
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: POTTER, Helen resigned 2025-08-06; SIM, Rhona Helen resigned 2026-01-08

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

London And Manchester Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
London And Manchester Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
FRIENDS LIFE WL LIMITED
This company · 03116645

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%
NameSharesVoting rightsNature of controlNotified
London And Manchester Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control05/12/2016
1 historic (ceased) PSC
  • Friends Life Limitedceased 05/12/2016· 75-100% shares · 75-100% voting · 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

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
Typeltd
Incorporated1995-10-20
Jurisdictionengland-wales
Primary SIC65110 — Life insurance

Registered office

Aviva
Wellington Row
York
YO90 1WR
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-15
Last: 2025-06-01

Officers (3 active · 76 resigned)

CALLAGHAN, Lee Patrick→
director · ~62y · appointed 2025-09-09
View their other companies + combined net worth →
Active
MACINTYRE, Jamie→
director · ~38y · appointed 2025-09-09
View their other companies + combined net worth →
Active
MORGAN, Alice Parker→
director · ~43y · appointed 2025-09-09
View their other companies + combined net worth →
Active
BAMFORD, Jacqueline Ann→
secretary · appointed 1995-10-20 · resigned 2001-02-28
Resigned
BASARAN, Sandra Judith→
secretary · appointed 2003-09-04 · resigned 2007-04-30
Resigned
CANTLE, Neil Jonathan→
secretary · appointed 2002-08-28 · resigned 2003-09-04
Resigned
CANTLE, Neil Jonathan→
secretary · appointed 2001-02-28 · resigned 2001-03-13
Resigned
LOCKWOOD, Kevin Ashley→
secretary · appointed 2001-03-13 · resigned 2002-08-28
Resigned
SMALL, Jeremy Peter→
secretary · appointed 2007-04-30 · resigned 2011-11-30
Resigned
FRIENDS LIFE SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2011-11-30 · resigned 2017-03-17
Resigned
BAMFORD, Jacqueline Ann→
director · ~71y · appointed 1995-10-20 · resigned 1996-03-21
Resigned
BASARAN, Sandra Judith→
director · ~65y · appointed 2003-09-04 · resigned 2007-04-30
Resigned
BLACK, James Masson→
director · ~62y · appointed 2013-02-08 · resigned 2013-09-27
Resigned
BOUNDS, Kevin Charles→
director · ~73y · appointed 2005-03-22 · resigned 2005-09-20
Resigned
BOURKE, Evelyn Brigid→
director · ~61y · appointed 2011-11-30 · resigned 2012-09-21
Resigned
BRIMECOME, Ian→
director · ~73y · appointed 2003-03-04 · resigned 2006-12-22
Resigned
BROEK, Debra Kay→
director · ~65y · appointed 2002-03-21 · resigned 2006-12-22
Resigned
BROWN, David Mark→
director · ~63y · appointed 2006-03-16 · resigned 2007-03-31
Resigned
CALDER, Stewart Stephen→
director · ~57y · appointed 2012-09-19 · resigned 2015-08-21
Resigned
CANTLE, Neil Jonathan→
director · ~54y · appointed 2002-03-21 · resigned 2005-03-31
Resigned

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

Mortgages & charges

10
Total charges
8
Outstanding
6
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
satisfied
The Agricultural Mortgage Corporation
The Agricultural Mortgage Corporation PLC
A registered charge1 property24/04/201401/10/2016
outstanding
Axa Wealth
Axa Wealth Limited
Deed of charge1 property13/09/2011—
outstanding
Axa Wealth
Axa Wealth Limited
Deed of charge1 property05/05/2011—
satisfied
Axa Sun Life
Axa Sun Life PLC
Deed of charge1 property08/10/200907/11/2018
outstanding
The Royal London Mutual Insurance Society
The Royal London Mutual Insurance Society Limited
Deed of charge1 property23/12/2008—
outstanding
Axa Isle of Man
Axa Isle of Man Limited
Deed of charge1 property02/06/2008—
outstanding
Winterthur Pension Funds UK
Winterthur Pension Funds UK Limited
Deed of charge1 property26/03/2008—
outstanding
Bank of Ireland (UK)
Bank of Ireland (UK) PLC
Mortgage/charge1 property14/12/2007—
outstanding
Winterthur Pension Trustees UK
Winterthur Pension Trustees UK Limited
Deed of assignment relating to master reinsurance contract1 property13/10/2006—
outstanding
Bank of Ireland (UK)
Bank of Ireland (UK) PLC
Mortgage/charge1 property11/01/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (304 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-01-21
accounts-with-accounts-type-dormant
accounts · AA
2025-09-23
termination-director-company-with-name-termination-date
officers · TM01
2025-09-11
appoint-person-director-company-with-name-date
officers · AP01
2025-09-09
appoint-person-director-company-with-name-date
officers · AP01
2025-09-09
appoint-person-director-company-with-name-date
officers · AP01
2025-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
accounts-with-accounts-type-dormant
accounts · AA
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-14
accounts-with-accounts-type-dormant
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-01
termination-director-company-with-name-termination-date
officers · TM01
2022-12-13
termination-director-company-with-name-termination-date
officers · TM01
2022-11-03
appoint-person-director-company-with-name-date
officers · AP01
2022-11-02
appoint-person-director-company-with-name-date
officers · AP01
2022-11-02