FIRST CARTON GROUP LTD
🌳Matureactive
03484690 · ltd · incorporated 1997-12-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
72/100
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 bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).
🏦
Refinance opportunity
10 live charges · 9 lenders · oldest 28.3y
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 28.3 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
30 officers (2 active, 30 linked, 22 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
180 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (97 events)Click to expand
- 2025-12-02📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-27➕CULLEN, Emma appointeddirector
- 2025-03-27➕HOWLETT, Robert appointeddirector
- 2025-03-27➖DARRINGTON, Andrew resigneddirector
- 2025-03-27➖NICKERSON, Steven Billings resigneddirector
- 2025-03-27➖WILKINSON, Neil resigneddirector
- 2024-08-22📄accounts-with-accounts-type-smallaccounts · AA
- 2024-08-07📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-09-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-07📄accounts-with-accounts-type-smallaccounts · AA
- 2022-07-19📄accounts-with-accounts-type-smallaccounts · AA
- 2021-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-03➖MAXWELL, Kevin Alden resigneddirector
- 2021-11-03➕NICKERSON, Steven Billings appointeddirector
- 2021-07-28📄accounts-with-accounts-type-fullaccounts · AA
- 2020-11-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-05📄accounts-with-accounts-type-smallaccounts · AA
- 2019-12-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-11-28➖PRIESTLEY, Mark Richard resignedsecretary
- 2019-11-28➕MAXWELL, Kevin Alden appointeddirector
- 2019-11-28➖PRIESTLEY, Mark Richard resigneddirector
- 2019-11-28➕WILKINSON, Neil appointeddirector
- 2017-09-06➖SMITH, Ricki Brent resigneddirector
- 2017-02-10➕DARRINGTON, Andrew appointeddirector
- 2017-02-10➖REGNIERS, Yves resigneddirector
- 2013-10-17🔓Charge satisfied #10
- 2011-03-28➖FALLER, Guy Nicholas Anthony resigneddirector
- 2011-03-28➕REGNIERS, Yves appointeddirector
- 2010-10-14🔓Charge satisfied #9
- 2010-10-05🔒Charge registered #10Lender: Lloyds Tsb Commercial Finance Limited (The "Security Trustee")
- 2010-09-29➕SMITH, Ricki Brent appointeddirector
- 2009-09-23🔓Charge satisfied #8
- 2009-09-23🔓Charge satisfied #7
- 2009-09-23🔓Charge satisfied #6
- 2009-05-29🔒Charge registered #9Lender: Chesapeake Holdings Bv (The "Security Agent")
- 2008-12-30🔒Charge registered #8Lender: Wachovia Bank National Association as Administrative Agent
- 2008-07-31🔒Charge registered #7Lender: Wachovia Bank,National Association
- 2008-05-19🔒Charge registered #6Lender: Wachovia Bank National Association as Administrative Agent
- 2008-03-18➖KUDO, Machiko resignedsecretary
- 2008-03-18➕PRIESTLEY, Mark Richard appointedsecretary
- 2008-03-18➖PIERCE, Stephen Keith resigneddirector
- 2008-02-18➕PRIESTLEY, Mark Richard appointeddirector
- 2008-02-13🔓Charge satisfied #5
Showing most recent 50 of 97 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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.
Group structure
Multi Packaging Solutions Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Multi Packaging Solutions Uk Limited
Corporate parent · holds 75-100% shares · board control
⬇
FIRST CARTON GROUP LTD
This company · 03484690
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 |
|---|---|---|---|---|
Multi Packaging Solutions Uk 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
Active · Holding company · NG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 6A-C MANAGEMENT COMPANY LTD→ 16598110 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 7 LAVENDER SWEEP FREEHOLD LIMITED→ 11821108 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| 7ZERO1 MANAGEMENT SERVICES LIMITED→ 11019448 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 8 BLUNDELLSANDS ROAD EAST MANAGEMENT LTD→ 16123827 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 801 HOLDINGS LIMITED→ 16148864 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 9 LENTON AVENUE FLAT MANAGEMENT COMPANY LIMITED→ 03617108 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| 93 AND 95 DERBY ROAD NOTTINGHAM MANAGEMENT COMPANY LIMITED→ 04526162 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| A B CONVEYORS (HOLDINGS) LIMITED→ 15997270 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AA7 HOLDINGS LIMITED→ 17011829 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AADAM UMAR LIMITED→ 13126333 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ABBEY STORE NOTTINGHAM LIMITED→ 16318063 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ABCO HOLDINGS (NOTTINGHAM) LIMITED→ 12058001 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1997-12-22
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Westrock Millennium Way West
Phoenix Centre
Nottingham
NG8 6AW
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07
Officers (2 active · 28 resigned)
CULLEN, Emma→
Activedirector · ~55y · appointed 2025-03-27
View their other companies + combined net worth →
HOWLETT, Robert→
Activedirector · ~52y · appointed 2025-03-27
View their other companies + combined net worth →
DE VROOME, Peter John→
Resignedsecretary · appointed 1998-02-04 · resigned 1999-06-01
HASELDEN, Mark Gordon Holderer→
Resignedsecretary · appointed 1999-06-01 · resigned 2001-10-29
KUDO, Machiko→
Resignedsecretary · appointed 2004-11-11 · resigned 2008-03-18
PRIESTLEY, Mark Richard→
Resignedsecretary · appointed 2008-03-18 · resigned 2019-11-28
SCULLY, Richard Andrew→
Resignedsecretary · appointed 2001-10-29 · resigned 2004-11-11
SISEC LIMITED→
Resignedcorporate-nominee-secretary · appointed 1997-12-22 · resigned 1998-02-04
BAHMANN, Wolfgang Helmut→
Resigneddirector · ~77y · appointed 2000-04-12 · resigned 2000-10-10
DARRINGTON, Andrew→
Resigneddirector · ~49y · appointed 2017-02-10 · resigned 2025-03-27
FALLER, Guy Nicholas Anthony→
Resigneddirector · ~68y · appointed 2007-08-31 · resigned 2011-03-28
GALLAGHER, Graham→
Resigneddirector · ~64y · appointed 1998-02-20 · resigned 2000-10-10
GILCHRIST, Keith→
Resigneddirector · ~78y · appointed 2000-10-10 · resigned 2005-12-22
HASELDEN, Mark Gordon Holderer→
Resigneddirector · ~66y · appointed 1999-06-01 · resigned 2000-10-10
JOHNSTONE, Alan Thomas→
Resigneddirector · ~76y · appointed 1998-02-20 · resigned 2000-10-10
MACDOUGALL, Neil Patrick→
Resigneddirector · ~61y · appointed 1998-03-02 · resigned 2000-10-10
MAXWELL, Kevin Alden→
Resigneddirector · ~51y · appointed 2019-11-28 · resigned 2021-11-03
MIRANDA, Ainsley John→
Resigneddirector · ~74y · appointed 1998-03-02 · resigned 2000-10-10
NICKERSON, Steven Billings→
Resigneddirector · ~62y · appointed 2021-11-03 · resigned 2025-03-27
O'CONNELL, Martin Hartley→
Resigneddirector · ~76y · appointed 2000-10-10 · resigned 2002-10-09
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited (The "Security Trustee") | Debenture | 1 property | 05/10/2010 | 17/10/2013 | |
| satisfied | Chesapeake Holdings Bv (The "Security Agent") | Debenture | 1 property | 29/05/2009 | 14/10/2010 | |
| satisfied | Wachovia Bank National Association as Administrative Agent | Debenture | 1 property | 30/12/2008 | 23/09/2009 | |
| satisfied | Wachovia Bank,National Association | Share pledge agreement executed outside the united kingdom over property situated there | 1 property | 31/07/2008 | 23/09/2009 | |
| satisfied | Wachovia Bank National Association as Administrative Agent | Debenture | 1 property | 19/05/2008 | 23/09/2009 | |
| satisfied | Ppm Ventures as Security Trustee for the Equity Parties Ppm Ventures Limited as Security Trustee for the Equity Parties | Deed of amendment,accession and supplemental charge | 1 property | 28/06/1999 | 13/02/2008 | |
| satisfied | Ppm Ventures Ppm Ventures Limited | Deed of amendment accession and supplemental charge | 1 property | 10/05/1999 | 13/02/2008 | |
| satisfied | Robert Fleming & Co. (The "Security Agent") Robert Fleming & Co. Limited (The "Security Agent") | Pledge agreement | 1 property | 03/03/1998 | 13/02/2008 | |
| satisfied | Robert Fleming & Co. as the Security Trustee Robert Fleming & Co. Limited as the Security Trustee | Composite guarantee and debenture | 2 properties | 02/03/1998 | 13/02/2008 | |
| satisfied | Ppm Ventures (As Security Trustee) Ppm Ventures Limited (As Security Trustee) | Composite guarantee and debenture | 1 property | 02/03/1998 | 13/02/2008 |
Recent filings (180 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-19
accounts-with-accounts-type-full
accounts · AA
2025-12-02
appoint-person-director-company-with-name-date
officers · AP01
2025-04-02
appoint-person-director-company-with-name-date
officers · AP01
2025-04-02
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-10
accounts-with-accounts-type-small
accounts · AA
2024-08-22
change-account-reference-date-company-current-extended
accounts · AA01
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-12
accounts-with-accounts-type-small
accounts · AA
2023-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-13