FIRST LINE TELECOMS LTD
Opportunity 74/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
Refinance opportunity
4 live charges · 3 lenders · oldest 11.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 11.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — 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 | 300 |
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 (52 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-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 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
- 2024-11-12📄memorandum-articlesincorporation · MA
- 2024-11-12📄resolutionresolution · RESOLUTIONS
- 2024-10-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-09🔒Charge registered #4Lender: Triple Point Advancr Leasing PLC
- 2024-10-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 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🔓Charge satisfied #1
- 2024-03-30📄memorandum-articlesincorporation · MA
- 2024-03-30📄resolutionresolution · RESOLUTIONS
- 2024-03-26📄statement-of-companys-objectschange-of-constitution · CC04
- 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 #3Lender: Coniston Capital I LP
- 2024-03-11🔒Charge registered #2Lender: 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
- 2023-01-18📄change-person-director-company-with-change-dateofficers · CH01
- 2022-05-17➕SKELTON, Matthew James appointeddirector
- 2022-05-05➕HALL, Alexander James appointeddirector
- 2022-05-05➕REID, Marcos John appointeddirector
- 2022-05-05➖GILES, Barrington resignedsecretary
- 2022-05-05➖GILES, Barrington resigneddirector
- 2022-05-05➖NIMALATHEVAN, Nagalingam resigneddirector
- 2022-05-05➖SWAIN, Stephen James resigneddirector
- 2021-05-17➕SWAIN, Stephen James appointeddirector
- 2021-05-11➖CROZIER, John Alan resigneddirector
- 2015-04-14➕NIMALATHEVAN, Nagalingam appointeddirector
- 2015-03-17🔒Charge registered #1Lender: Barclays Bank PLC
- 2006-02-09➖MCMILLAN, Andrew Neil resigneddirector
- 2006-01-13➕MCMILLAN, Andrew Neil appointeddirector
- 2005-12-01➕GILES, Barrington appointedsecretary
- 2005-12-01➕GILES, Barrington appointeddirector
- 2005-11-30➖CROZIER, Rosemary resignedsecretary
- 2004-02-06➖TOGSTEAD, David resigneddirector
- 2002-01-15🏢Company incorporatedAs FIRST LINE TELECOMS LTD
- 2002-01-15➕BREWER, Kevin, Dr appointednominee-secretary
- 2002-01-15➖BREWER, Kevin, Dr resignednominee-secretary
- 2002-01-15➕CROZIER, Rosemary appointedsecretary
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
cleanGroup structure
First Line It Ltd 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 |
|---|---|---|---|---|
First Line It Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
4 historic (ceased) PSCs
- Mr Barrington Gilesceased 05/05/2022· significant influence
- Mr Michael Rowan Hamilton John Oreganceased 05/05/2022· significant influence
- Mr Nagalingham Nimalathevanceased 05/05/2022· significant influence
- 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 · 11 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 Bank PLC | A registered charge | — | 17/03/2015 | 19/04/2024 |