IPGL (HOLDINGS) LIMITED

🌳Matureactive
09064598 · ltd · incorporated 2014-05-30
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.3y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.3y

65/100
clean up first

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

  • · Oldest live charge is 5.3 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 (62/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
17 officers (5 active, 17 linked, 16 with DOB)
89
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
27 connected companies via shared directors
90
Filing history
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • 2 capital
Last 90 days
2
filings
  • 2 capital
Last 180 days
3
filings
  • 2 capital
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2026-05-28
    📄
    capital-cancellation-shares
    capital · SH06
  2. 2026-05-28
    📄
    capital-return-purchase-own-shares
    capital · SH03
  3. 2026-01-08
    📄
    accounts-with-accounts-type-group
    accounts · AA
  4. 2025-09-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-09-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-09-05
    BRAZIER, Simon Richard appointed
    director
  7. 2025-09-05
    JOHNSON, Seth James Burnett resigned
    director
  8. 2025-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2025-06-03
    📄
    capital-cancellation-shares
    capital · SH06
  10. 2025-06-03
    📄
    capital-return-purchase-own-shares
    capital · SH03
  11. 2025-01-07
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2024-12-31
    RHOTEN, John Douglas resigned
    director
  13. 2024-12-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2024-12-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2024-12-18
    ALLY, Bibi Rahima resigned
    secretary
  16. 2024-12-17
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  17. 2024-12-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-12-01
    DAVISON, Piers appointed
    director
  19. 2024-11-02
    📄
    memorandum-articles
    incorporation · MA
  20. 2024-10-21
    📄
    capital-name-of-class-of-shares
    capital · SH08
  21. 2024-10-17
    📄
    capital-cancellation-shares
    capital · SH06
  22. 2024-10-17
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  23. 2024-10-17
    📄
    legacy
    capital · SH20
  24. 2024-10-17
    ⚠️
    legacy
    insolvency · CAP-SS
  25. 2024-10-17
    📄
    resolution
    resolution · RESOLUTIONS
  26. 2024-06-14
    📄
    capital-return-purchase-own-shares
    capital · SH03
  27. 2024-06-12
    📄
    capital-cancellation-shares
    capital · SH06
  28. 2024-05-31
    📄
    capital-cancellation-shares
    capital · SH06
  29. 2024-01-31
    PIGAGA, Kenneth Michael resigned
    director
  30. 2023-07-27
    BOGDANERIS, Ion resigned
    director
  31. 2023-02-06
    BOGDANERIS, Ion appointed
    director
  32. 2023-02-06
    WREN, Samantha Anne resigned
    director
  33. 2022-10-12
    PIGAGA, Kenneth Michael appointed
    director
  34. 2022-06-13
    GELBER, David resigned
    director
  35. 2021-07-01
    JOHNSON, Seth James Burnett appointed
    director
  36. 2021-03-22
    🔒
    Charge registered #1
    Lender: J.P. Morgan Bank Luxembourg S.A
  37. 2020-04-01
    RHOTEN, John Douglas appointed
    director
  38. 2020-01-01
    SPENCER, Thomas George appointed
    director
  39. 2019-05-08
    WREN, Samantha Anne appointed
    director
  40. 2019-02-05
    GRANITE, Jason resigned
    director
  41. 2018-11-15
    GRANITE, Jason appointed
    director
  42. 2018-09-30
    RICHARDS, Mark William Lane resigned
    director
  43. 2017-05-08
    SPENCER, Michael Patrick resigned
    director
  44. 2016-07-04
    KILMISTER-BLUE, Tina Maree resigned
    director
  45. 2016-07-04
    RICHARDS, Mark William Lane appointed
    director
  46. 2015-07-15
    CLOTHIER, Christopher Gurth resigned
    director
  47. 2014-12-18
    COURTENAY-STAMP, David Jeremy appointed
    director
  48. 2014-12-18
    CLOTHIER, Christopher Gurth appointed
    director
  49. 2014-12-18
    GELBER, David appointed
    director
  50. 2014-12-18
    KILMISTER-BLUE, Tina Maree appointed
    director
Showing most recent 50 of 54 events

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-10-17: legacy

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Lord Spencer Of Alresford Michael Alan Spencer
Individual · British · DOB 05/1955 · age 71
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Lady Lorraine Geraldine Spencer
Individual · British · DOB 05/1959 · age 67
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr David Jeremy Courtenay-Stamp
Individual · British · DOB 04/1962 · age 64
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2014-05-30
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Ipgl Limited 3rd Floor, 39 Sloane Street
Knightsbridge
London
SW1X 9LP
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-13
Last: 2025-05-30

Officers (5 active · 12 resigned)

BRAZIER, Simon Richard
director · ~51y · appointed 2025-09-05
View their other companies + combined net worth →
Active
COURTENAY-STAMP, David Jeremy
director · ~64y · appointed 2014-12-18
View their other companies + combined net worth →
Active
DAVISON, Piers
director · ~53y · appointed 2024-12-01
View their other companies + combined net worth →
Active
SPENCER, Michael Alan, Lord Spencer Of Alresford
director · ~71y · appointed 2014-05-30
View their other companies + combined net worth →
Active
SPENCER, Thomas George
director · ~36y · appointed 2020-01-01
View their other companies + combined net worth →
Active
ALLY, Bibi Rahima
secretary · appointed 2014-05-30 · resigned 2024-12-18
Resigned
BOGDANERIS, Ion
director · ~68y · appointed 2023-02-06 · resigned 2023-07-27
Resigned
CLOTHIER, Christopher Gurth
director · ~47y · appointed 2014-12-18 · resigned 2015-07-15
Resigned
GELBER, David
director · ~79y · appointed 2014-12-18 · resigned 2022-06-13
Resigned
GRANITE, Jason
director · ~51y · appointed 2018-11-15 · resigned 2019-02-05
Resigned
JOHNSON, Seth James Burnett
director · ~58y · appointed 2021-07-01 · resigned 2025-09-05
Resigned
KILMISTER-BLUE, Tina Maree
director · ~50y · appointed 2014-12-18 · resigned 2016-07-04
Resigned
PIGAGA, Kenneth Michael
director · ~72y · appointed 2022-10-12 · resigned 2024-01-31
Resigned
RHOTEN, John Douglas
director · ~72y · appointed 2020-04-01 · resigned 2024-12-31
Resigned
RICHARDS, Mark William Lane
director · ~60y · appointed 2016-07-04 · resigned 2018-09-30
Resigned
SPENCER, Michael Patrick
director · ~38y · appointed 2014-12-18 · resigned 2017-05-08
Resigned
WREN, Samantha Anne
director · ~60y · appointed 2019-05-08 · resigned 2023-02-06
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
J.P. Morgan Bank Luxembourg S.A
A registered charge22/03/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (100 total)

capital-cancellation-shares
capital · SH06
2026-05-28
capital-return-purchase-own-shares
capital · SH03
2026-05-28
accounts-with-accounts-type-group
accounts · AA
2026-01-08
appoint-person-director-company-with-name-date
officers · AP01
2025-09-08
termination-director-company-with-name-termination-date
officers · TM01
2025-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-19
change-person-director-company-with-change-date
officers · CH01
2025-06-13
capital-cancellation-shares
capital · SH06
2025-06-03
capital-return-purchase-own-shares
capital · SH03
2025-06-03
accounts-with-accounts-type-group
accounts · AA
2025-01-07
termination-director-company-with-name-termination-date
officers · TM01
2024-12-31
termination-secretary-company-with-name-termination-date
officers · TM02
2024-12-20
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-12-17
appoint-person-director-company-with-name-date
officers · AP01
2024-12-12
memorandum-articles
incorporation · MA
2024-11-02