DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY

🌳Matureactive

04055414 · plc · incorporated 2000-08-18

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 17.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Financial intermediation not elsewhere classified

Sector: Financial & insurance

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

2 live charges · oldest 17.3y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 17.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

46 officers (10 active, 46 linked, 41 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

13 connected companies via shared directors

Filing history

151 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (108 events)Click to expand

2025-11-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-31
➖
JEYNES, Roger David resigned
director
2025-09-26
📄
accounts-with-accounts-type-group
accounts · AA
2025-09-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-09
➖
LAMB, Robert Alun resigned
director
2025-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-31
➖
AMIRI, Iraj resigned
director
2025-07-30
📄
second-filing-of-director-appointment-with-name
officers · RP04AP01
2025-07-17
➕
OLDHAM, Paul appointed
director
2025-07-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-01
➕
ROPAR, Annie appointed
director
2025-05-13
📄
memorandum-articles
incorporation · MA
2025-05-13
📄
resolution
resolution · RESOLUTIONS
2024-10-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-25
➕
BRIDGELAND, Sally appointed
director
2024-09-25
➖
BULLOCK, Gareth Richard resigned
director
2024-09-25
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-13
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-30
➖
BELL, Carol, Dr resigned
director
2023-04-04
📄
accounts-with-accounts-type-group
accounts · AA
2023-02-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-09
🔓
Charge satisfied #2
2023-02-09
🔓
Charge satisfied #1
2022-12-01
➕
HITCHINGS, Elizabeth Anne appointed
secretary
2022-12-01
➖
OATES, Judi May resigned
secretary
2022-12-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-12-01
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-11-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-17
➖
MORGAN, Robert Huw resigned
director
2022-03-01
➕
EVANS, Iestyn David appointed
director
2022-03-01
➕
WALKER, Dianne Gillian Davies appointed
director
2022-03-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-31
➖
LLEWELLYN, Margaret Jennifer resigned
director
2021-04-06
➕
METHUEN-LEY, Kate Ann appointed
director
2021-04-06
➕
LAMB, Robert Alun appointed
director
2020-03-01
➕
JONES, Daniel Rhys appointed
director
2018-04-01
➕
STAZIKER, David James appointed
director
2018-03-31
➖
O'LEARY, Kevin Patrick resigned
director
2016-11-30
➖
JOHN, Ian resigned
director
2016-11-01
➕
JEYNES, Roger David appointed
director
2016-09-30
➖
GREY, Ivar Andreas Robert John resigned
director
2016-09-01
➕
AMIRI, Iraj appointed
director
2016-04-04
➕
THORLEY, Giles Alexander appointed
director
2016-04-04
➖
OWEN, Michael resigned
director
2015-10-01
➕
OWEN, Michael appointed
director
2015-09-30
➖
JOHNSON, Ian Roy resigned
director

Showing most recent 50 of 108 events

Owner dependency

48/100

Moderate — manageable with handover

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

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

45/100

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.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

3 director resignations in last 12 months

medium

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

Evidence: AMIRI, Iraj resigned 2025-08-31; JEYNES, Roger David resigned 2025-10-31; LAMB, Robert Alun resigned 2025-09-09

Group structure

Welsh Ministers is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Welsh Ministers

Corporate parent · holds 75-100% shares

ultimate parent

⬇

DEVELOPMENT BANK OF WALES PUBLIC LIMITED COMPANY

This company · 04055414

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
Welsh Ministers Corporate entity	75–100%	—	75-100% shares	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 →

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DBW FM LIMITED→ 01833687 · est 1984 · no financials extracted	—	—	—	—	41y	—	—
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DBW INVESTMENTS (4) LIMITED→ 05433301 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
DBW INVESTMENTS (6) LIMITED→ 06763979 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
DBW SERVICES LIMITED→ 10911833 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
DLV VENTURES LTD→ 16830360 · est 2025 · no financials extracted	—	—	—	—	—	—	—
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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 →

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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.

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Company details

Statusactive

Typeplc

Incorporated2000-08-18

Jurisdictionengland-wales

Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Unit J Yale Business Village

Ellice Way

Wrexham

LL13 7YL

Wales

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-01

Last: 2025-08-18