FIRST LINE IT LIMITED
- 95110Repair of computers and peripheral equipment
Opportunity 72/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
Refinance opportunity
6 live charges · 5 lenders · oldest 22.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 22.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 300 | 1200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
- • 2 officers
- • 1 confirmation-statement
Corporate timeline (62 events)Click to expand
- 2026-01-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-28➕THORNDYKE, Helen Louise appointeddirector
- 2026-01-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-20➖JONES, Timothy Charles resigneddirector
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-13📄resolutionresolution · RESOLUTIONS
- 2024-11-12📄memorandum-articlesincorporation · MA
- 2024-10-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-09🔒Charge registered #6Lender: Triple Point Advancr Leasing PLC
- 2024-08-01➕JONES, Timothy Charles appointeddirector
- 2024-08-01➖SKELTON, Matthew James resigneddirector
- 2024-08-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-19🔓Charge satisfied #3
- 2024-04-19🔓Charge satisfied #2
- 2024-03-30📄resolutionresolution · RESOLUTIONS
- 2024-03-30📄memorandum-articlesincorporation · MA
- 2024-03-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-11🔒Charge registered #5Lender: Coniston Capital I LP
- 2024-03-11🔒Charge registered #4Lender: Coniston Capital I LP
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-07📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-01-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-19🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2022-05-17➕SKELTON, Matthew James appointeddirector
- 2022-05-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-05➕HALL, Alexander James appointeddirector
- 2022-05-05➕REID, Marcos John appointeddirector
- 2022-05-05➖OXFORD CORPORATE SERVICES LTD resignedcorporate-secretary
- 2022-05-05➖GILES, Barrington resigneddirector
- 2022-05-05➖NIMALATHEVAN, Nagalingham resigneddirector
- 2022-05-05➖O'REGAN, Michael Rowan Hamilton John resigneddirector
- 2022-05-05➖PRESCOTT, Michelle resigneddirector
- 2022-05-05➖SWAIN, Stephen James resigneddirector
- 2022-04-08🔓Charge satisfied #1
- 2021-05-11➖CROZIER, John Alan resigneddirector
- 2021-01-19➕PRESCOTT, Michelle appointeddirector
- 2020-11-24➕SWAIN, Stephen James appointeddirector
- 2015-04-14➕NIMALATHEVAN, Nagalingham appointeddirector
- 2015-03-17🔒Charge registered #2Lender: Barclays Bank PLC
- 2005-12-01➕CROZIER, John Alan appointeddirector
- 2005-10-19➖PITT, Jane resigneddirector
- 2005-07-19➖GILES, Barrington resignedsecretary
- 2005-07-19➕OXFORD CORPORATE SERVICES LTD appointedcorporate-secretary
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Equity Managed Services Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Equity Managed Services Group Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/05/2022 |
5 historic (ceased) PSCs
- Mrs Elizabeth Jane Sarah O'Reganceased 05/05/2022· 25-50% shares · 25-50% voting
- Mr Barrington Gilesceased 05/05/2022· 25-50% shares · 25-50% voting
- Mr Nagalingham Nimalathevanceased 05/05/2022· significant influence
- Mr Michael Rowan Hamilton John O'Reganceased 20/04/2022· 25-50% shares · 25-50% voting
- Mr John Alan Crozierceased 11/05/2021· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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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 →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
Registered office
Filing status
Officers (3 active · 14 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Triple Point Advancr Leasing Triple Point Advancr Leasing PLC | A registered charge | — | 09/10/2024 | — | |
| outstanding | Coniston Capital I LP | A registered charge | — | 11/03/2024 | — | |
| outstanding | Coniston Capital I LP | A registered charge | — | 11/03/2024 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 19/10/2022 | 19/04/2024 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 17/03/2015 | 19/04/2024 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 08/09/2003 | 08/04/2022 |