FRIENDS LIFE COMPANY LIMITED

🌳Matureactive
03291349 · ltd · incorporated 1996-12-12
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
70/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 22 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

73 live charges · 22 lenders · oldest 105.5y

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 105.5 years old — likely at or near maturity.
  • · 22 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, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
73 charges (73/73 with lender, 73/73 with type)
90
Directors & officers
61 officers (3 active, 61 linked, 53 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
22 connected companies via shared directors
90
Filing history
383 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
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
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (276 events)Click to expand
  1. 2026-02-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2026-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-08
    ➖
    SIM, Rhona Helen resigned
    director
  4. 2025-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2025-09-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-09-09
    ➕
    CALLAGHAN, Lee Patrick appointed
    director
  7. 2025-09-09
    ➕
    MACINTYRE, Jamie appointed
    director
  8. 2025-09-09
    ➕
    MORGAN, Alice Parker appointed
    director
  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. 2025-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-08-06
    ➖
    POTTER, Helen resigned
    director
  13. 2024-10-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2023-07-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2022-12-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2022-12-12
    ➖
    MCGOWAN, Laura Eileen resigned
    director
  17. 2022-11-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2022-11-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2022-11-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2022-11-01
    ➖
    FIELD, Emily Anne resigned
    director
  21. 2022-11-01
    ➕
    POTTER, Helen appointed
    director
  22. 2022-11-01
    ➕
    SIM, Rhona Helen appointed
    director
  23. 2022-09-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  24. 2021-09-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2021-07-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2021-07-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2021-07-21
    ➕
    FIELD, Emily Anne appointed
    director
  28. 2021-07-21
    ➖
    HALL, Linda resigned
    director
  29. 2021-06-15
    ➖
    GARVIN, Amy Victoria Gwynne resigned
    director
  30. 2021-06-15
    ➕
    MCGOWAN, Laura Eileen appointed
    director
  31. 2021-06-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  32. 2021-06-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  33. 2021-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  34. 2018-11-07
    🔓
    Charge satisfied #73
  35. 2018-11-07
    🔓
    Charge satisfied #72
  36. 2018-11-07
    🔓
    Charge satisfied #64
  37. 2018-11-07
    🔓
    Charge satisfied #63
  38. 2017-09-29
    ➖
    MARSHALL, Clair Louise resigned
    director
  39. 2017-08-31
    ➕
    GARVIN, Amy Victoria Gwynne appointed
    director
  40. 2017-08-31
    ➕
    HALL, Linda appointed
    director
  41. 2017-08-31
    ➖
    RISAM, Monica resigned
    director
  42. 2017-03-17
    ➖
    FRIENDS LIFE SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  43. 2017-01-31
    ➖
    AVIVA DIRECTOR SERVICES LIMITED resigned
    corporate-director
  44. 2016-12-30
    ➕
    MARSHALL, Clair Louise appointed
    director
  45. 2016-03-31
    ➕
    AVIVA DIRECTOR SERVICES LIMITED appointed
    corporate-director
  46. 2015-10-29
    ➖
    MOSS, Jonathan Stephen resigned
    director
  47. 2015-10-29
    ➕
    RISAM, Monica appointed
    director
  48. 2015-09-30
    ➖
    SMITH, Robin Duncan resigned
    director
  49. 2015-08-21
    ➖
    CALDER, Stewart Stephen resigned
    director
  50. 2014-03-28
    ➖
    VERSEY, Mark Richard Beavis resigned
    director
Showing most recent 50 of 276 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

2 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

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

10 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 COMPANY LIMITED
This company · 03291349

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
Incorporated1996-12-12
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

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: 2027-02-15
Last: 2026-02-01

Officers (3 active · 58 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
HIRD, Ian→
secretary · appointed 1997-06-11 · resigned 1998-03-16
Resigned
RICHARDSON, Ian David Lea→
secretary · appointed 1998-03-17 · resigned 2004-09-13
Resigned
SMALL, Jeremy Peter→
secretary · appointed 2004-09-13 · resigned 2010-09-15
Resigned
YEOMAN, Ruth→
secretary · appointed 2010-09-15 · resigned 2012-02-29
Resigned
FRIENDS LIFE SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2011-09-09 · resigned 2017-03-17
Resigned
OFFICE ORGANIZATION & SERVICES LIMITED→
corporate-secretary · appointed 1997-02-04 · resigned 1997-06-11
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1996-12-12 · resigned 1997-02-04
Resigned
AVENEL, Gilles Marie Pierre Louis, Monsieur→
director · ~76y · appointed 1998-03-16 · resigned 1999-01-11
Resigned
BLACK, James Masson→
director · ~62y · appointed 2013-02-08 · resigned 2013-09-27
Resigned
BOUNDS, Kevin Charles→
director · ~73y · appointed 2006-01-01 · resigned 2006-12-30
Resigned
BOURKE, Evelyn Brigid→
director · ~61y · appointed 2010-09-15 · resigned 2012-09-21
Resigned
BROWN, William Mitchell→
director · ~83y · appointed 1997-06-11 · resigned 1998-03-16
Resigned
CALDER, Stewart Stephen→
director · ~57y · appointed 2012-09-19 · resigned 2015-08-21
Resigned
CHEESEMAN, David Richard→
director · ~58y · appointed 2008-07-23 · resigned 2010-09-15
Resigned
CLARK, Peter Nigel Stuckey→
director · ~79y · appointed 1997-09-09 · resigned 2002-06-28
Resigned
DE MENEVAL, Francois→
director · ~63y · appointed 2004-12-14 · resigned 2010-09-15
Resigned
DE WARENGHIEN, Amaury Ghislain Pierre→
director · ~68y · appointed 2001-07-03 · resigned 2004-11-12
Resigned

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

Mortgages & charges

73
Total charges
10
Outstanding
5
Active lenders
Status:Lender:73 of 73 shown
TypeProperties
satisfied
Friends Life and Pensions
Friends Life and Pensions Limited
Deed of charge1 property04/10/201207/11/2018
satisfied
Friends Life Assurance Society
Friends Life Assurance Society Limited
Amending agreement to charge and security assignment deed1 property31/07/201207/11/2018
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property22/12/201109/01/2013
outstanding
Axa Wealth
Axa Wealth Limited
Deed of charge1 property30/09/2011—
satisfied
Svenska Handelsbanken Ab (Publ)
Legal charge1 property27/04/201127/10/2011
outstanding
Winterthur Life UK
Winterthur Life UK Limited
Deed of charge1 property07/10/2010—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property04/05/201009/01/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge2 properties04/05/201009/01/2013
outstanding
Winterthur Life UK
Winterthur Life UK Limited
Deed of charge1 property07/09/2009—
satisfied
Sun Life Assurance Society
Sun Life Assurance Society PLC
Charge and the security assignment deed1 property30/07/200907/11/2018
satisfied
Sun Life Assurance Society
Sun Life Assurance Society PLC
Deed of charge1 property15/12/200807/11/2018
satisfied
Lloyds Banking Group
The Royal Bank of Scotland International Limited,as Trustee for the Beneficiaries
An account charge1 property19/12/200717/08/2010
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property23/11/200701/11/2012
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property11/09/200709/01/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property18/06/200714/01/2010
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property27/04/200709/01/2013
outstanding
Aib Group (UK)
Aib Group (UK) PLC
Legal charge1 property09/10/2006—
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property18/09/200609/01/2013
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property10/04/200609/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property05/04/200609/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property05/04/200609/01/2013
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security presented for registration in scotland on 14 february 2006 and1 property16/01/200610/11/2012
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security which was presented for registration in scotland on 23 march 2006 and1 property16/01/2006—
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security which was presented for registration in scotland on 05/07/2006 and2 properties16/01/200619/12/2012
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security which was presented for registration in scotland on 23 march 2006 and1 property16/01/2006—
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Legal mortgage2 properties10/11/200511/02/2010
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property31/05/200509/01/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property30/03/200509/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property28/01/200509/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property28/04/200418/02/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Legal charge1 property01/04/200412/09/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property20/02/200428/10/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property16/01/200425/03/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property26/11/200301/02/2011
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security which was presented for registration in scotland on 28 november 2003 and1 property11/11/2003—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property02/10/200325/03/2010
satisfied
Swansea Building Society
Registered charge1 property04/09/200305/12/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Charge2 properties15/08/200309/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property31/07/200301/02/2011
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security presented for registration in scotland on 16 july 2003 and1 property01/07/2003—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge2 properties23/06/200323/12/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property06/05/200316/06/2011
satisfied
Svenska Handelsbanken Ab (Publ)
Registered charge1 property31/01/200305/12/2008
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property20/01/200309/01/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property20/12/200225/03/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property06/08/200216/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge2 properties07/06/200201/11/2012
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property02/04/200216/07/2009
satisfied
Lloyds Banking Group
Bank of Scotland
Legal charge1 property14/01/200209/01/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property06/07/200109/01/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property19/04/200130/03/2011
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Legal mortgage1 property10/11/200011/02/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property04/07/200027/07/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property31/05/200001/11/2012
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property28/04/200025/03/2010
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property07/01/200009/01/2013
satisfied
Virgin Money
Yorkshire Bank PLC
Legal mortgage1 property25/11/199923/05/2009
satisfied
Bank of Wales
Bank of Wales PLC
Legal charge1 property25/05/199916/10/2009
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property16/04/199918/01/2012
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property22/01/199909/01/2013
satisfied
Midland Bank
Midland Bank PLC
Legal mortgage1 property09/11/199817/08/2012
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property01/10/199823/05/2009
satisfied
Midland Bank
Midland Bank PLC
Legal mortgage1 property20/07/199822/02/2012
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property30/01/199808/08/2008
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property31/10/199721/10/2010
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property22/08/199725/03/2010
satisfied
Nationwide
Nationwide Building Society
Registered charge2 properties18/07/199725/03/2010
satisfied
Barclays
Barclays Bank PLC
Legal charge1 property18/04/199709/01/2013
satisfied
Midland Bank
Midland Bank PLC
Legal mortgage1 property15/10/199609/01/2013
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security which was presented for registration in scotland on 04 april 1995 and1 property27/02/1995—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security which was presented for registration in scotland on 06 march 1995 and1 property15/02/1995—
satisfied
British Railways Board
Deed of covenant consent and release1 property14/12/199409/01/2013
satisfied
Nationwide
Nationwide Building Society
Legal charge1 property04/12/192009/01/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (383 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-02-11
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
2025-02-13
accounts-with-accounts-type-dormant
accounts · AA
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-28
accounts-with-accounts-type-dormant
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
termination-director-company-with-name-termination-date
officers · TM01
2022-12-13
termination-director-company-with-name-termination-date
officers · TM01
2022-11-03