FC SHIPPING LIMITED
Opportunity 72/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
36 live charges · 7 lenders · oldest 20.4y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 20.4 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (113 events)Click to expand
- 2026-03-20📄accounts-with-accounts-type-smallaccounts · AA
- 2025-10-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-01🔒Charge registered #36Lender: Glas Trust Corporation Limited
- 2025-10-01🔒Charge registered #35Lender: Glas Trust Corporation Limited
- 2025-09-30➖THOM, Stuart Graham resigneddirector
- 2025-09-30🔒Charge registered #34Lender: Glas Trust Corporation Limited
- 2025-09-30🔒Charge registered #33Lender: Glas Trust Corporation Limited
- 2025-09-30🔒Charge registered #32Lender: Glas Trust Corporation Limited
- 2025-09-30🔒Charge registered #31Lender: Glas Trust Corporation Limited (Acting in Its Capacity as Security Agent for the Secured Parties)
- 2025-09-30🔒Charge registered #30Lender: Glas Trust Corporation Limited
- 2025-09-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-23🔓Charge satisfied #29
- 2025-09-23🔓Charge satisfied #28
- 2025-09-23🔓Charge satisfied #23
- 2025-09-23🔓Charge satisfied #22
- 2025-09-23🔓Charge satisfied #18
- 2025-09-23🔓Charge satisfied #16
- 2025-09-23🔓Charge satisfied #15
- 2025-09-23🔓Charge satisfied #14
- 2025-09-23🔓Charge satisfied #13
- 2025-09-17➕SCHOUTEN, Martijn appointeddirector
- 2025-03-31📄accounts-with-accounts-type-smallaccounts · AA
- 2024-02-13📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-27📄resolutionresolution · RESOLUTIONS
- 2023-06-12🔒Charge registered #29Lender: Abn Amro Bank N.V.
- 2023-06-12🔒Charge registered #28Lender: Abn Amro Bank N.V.
- 2023-06-01🔒Charge registered #27Lender: Glas Trust Corporation Limited
- 2023-06-01🔒Charge registered #26Lender: Glas Trust Corporation Limited
- 2023-06-01🔒Charge registered #25Lender: Glas Trust Corporation Limited
- 2023-06-01🔒Charge registered #24Lender: Glas Trust Corporation Limited
- 2021-05-03➕THOM, Stuart Graham appointeddirector
- 2021-04-30➖HARVIE, Craig resigneddirector
- 2019-01-28🔒Charge registered #23Lender: Glas Trust Corporation Limited
- 2019-01-28🔒Charge registered #22Lender: Glas Trust Corporation Limited
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med · 1 lowHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-10-01: A registered charge; 2025-10-01: A registered charge; 2025-09-30: A registered charge
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Santander Equity Investments Limited Corporate entity | 75–100% | — | 75-100% shares | 24/04/2018 |
Vroon Shipping U.K. Limited Corporate entity | — | 75–100% | board control75-100% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Santander Asset Finance Plcceased 24/04/2018· 75-100% shares
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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|---|---|---|---|---|---|---|---|
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| ADVANCED VEHICLE LEASING (STOCKTON) LIMITED→ 05019374 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
8 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 · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 01/10/2025 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 01/10/2025 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 30/09/2025 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 30/09/2025 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 30/09/2025 | — | |
| outstanding | Glas Trust Corporation (Acting in Its Capacity as Security Agent for the Secured Parties) Glas Trust Corporation Limited (Acting in Its Capacity as Security Agent for the Secured Parties) | A registered charge | — | 30/09/2025 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 30/09/2025 | — | |
| satisfied | Abn Amro Bank N.V. | A registered charge | 1 property | 12/06/2023 | 23/09/2025 | |
| satisfied | Abn Amro Bank N.V. | A registered charge | 1 property | 12/06/2023 | 23/09/2025 | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 01/06/2023 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 01/06/2023 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 01/06/2023 | — | |
| outstanding | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 01/06/2023 | — | |
| satisfied | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 28/01/2019 | 23/09/2025 | |
| satisfied | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 28/01/2019 | 23/09/2025 | |
| outstanding | Santander Santander Asset Finance PLC | A registered charge | 1 property | 23/06/2015 | — | |
| outstanding | Santander Santander Asset Finance PLC | A registered charge | — | 23/06/2015 | — | |
| outstanding | Santander Santander Asset Finance PLC | A registered charge | — | 23/06/2015 | — | |
| satisfied | Abn Amro Bank N.V. | A registered charge | 1 property | 23/06/2015 | 23/09/2025 | |
| outstanding | Santander Santander Asset Finance PLC | A registered charge | 1 property | 23/06/2015 | — | |
| satisfied | Abn Amro Bank N.V. | A registered charge | — | 23/06/2015 | 23/09/2025 | |
| satisfied | Abn Amro Bank N.V. | A registered charge | 1 property | 23/06/2015 | 23/09/2025 | |
| satisfied | Abn Amro Bank N.V. | A registered charge | — | 23/06/2015 | 23/09/2025 | |
| satisfied | Abn Amro Bank N.V. | A registered charge | — | 23/06/2015 | 23/09/2025 | |
| satisfied | Santander Santander Asset Finance PLC (The Assignee) | Second priority three party deed | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Santander Santander Asset Finance PLC | Second preferred marshall islands ship mortgage | 2 properties | 17/11/2011 | 12/09/2017 | |
| satisfied | Santander Santander Asset Finance PLC | Second preferred marshall islands ship mortgage on M.V. "iver progress" | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Santander Santander Asset Finance PLC (The Assignee) | Second priority three party deed | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Abn Amro Bank N.V. (The Security Trustee) | Lessor assignment | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Abn Amro Bank N.V. (The Security Trustee) | Lessor assignment | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Abn Amro Bank N.V. (The Security Trustee) | A first preferred marshall islands ship mortgage | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Abn Amro Bank N.V. (The Security Trustee) | A first preferred marshall islands ship mortgage | 1 property | 17/11/2011 | 12/09/2017 | |
| satisfied | Fortis Finance (UK) Fortis Finance (UK) Limited | A first preferred marshall islands mortgage | 1 property | 02/04/2007 | 08/10/2013 | |
| satisfied | Fortis Finance (UK) Fortis Finance (UK) Limited | First preferred marshall islands mortgage | 1 property | 18/01/2007 | 08/10/2013 | |
| satisfied | Fortis Finance (UK) Fortis Finance (UK) Limited | Lessor assignment and charge | 1 property | 27/01/2006 | 08/10/2013 | |
| satisfied | Fortis Finance (UK) Fortis Finance (UK) Limited | Lessor assignment and charge | 1 property | 27/01/2006 | 08/10/2013 |