FQ DEVELOPMENTS LIMITED
- 99999SIC 99999
Opportunity 29/100 (pass), bankability 22/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (75/100). Current lenders should be on immediate intervention.
Refinance opportunity
5 live charges · 4 lenders · oldest 8.7y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 8.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.
Recent activity
- • 2 insolvency
- • 2 insolvency
- • 3 insolvency
Corporate timeline (35 events)Click to expand
- 2026-05-28⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-05-19⚠️liquidation-voluntary-removal-of-liquidator-by-courtinsolvency · LIQ10
- 2025-12-18⚠️liquidation-voluntary-statement-of-receipts-and-payments-with-brought-down-dateinsolvency · LIQ03
- 2024-11-25📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2024-11-25📍change-sail-address-company-with-new-addressaddress · AD02
- 2024-10-29📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-29⚠️liquidation-voluntary-declaration-of-solvencyinsolvency · LIQ01
- 2024-10-29⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2024-10-29📄resolutionresolution · RESOLUTIONS
- 2024-04-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-10🔓Charge satisfied #1
- 2024-01-11📄accounts-with-accounts-type-fullaccounts · AA
- 2023-10-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-10-05🔓Charge satisfied #5
- 2023-10-05🔓Charge satisfied #3
- 2023-01-24📄accounts-with-accounts-type-fullaccounts · AA
- 2022-02-24📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-07-06🔒Charge registered #5Lender: Greater Manchester Combined Authority (Security Agent) as Security Trustee for the Secured Parties
- 2021-06-11📄accounts-with-accounts-type-fullaccounts · AA
- 2020-06-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-06-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-06-08🔓Charge satisfied #4
- 2020-06-08🔓Charge satisfied #2
- 2020-03-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-11-18➖SHAW, Michael resignedsecretary
- 2019-04-18🔒Charge registered #4Lender: Tameside Metropolitan Borough Council as Administering Authority for Greater Manchester Pension Fund
- 2019-04-18🔒Charge registered #3Lender: Greater Manchester Combined Authority
- 2017-09-27🔒Charge registered #2Lender: Tameside Metropolitan Borough Council as Administering Authority for Greater Manchester Pension Fund
- 2017-09-27🔒Charge registered #1Lender: The Council of the City of Manchester
- 2014-11-07🏢Company incorporatedAs FQ DEVELOPMENTS LIMITED
- 2014-11-07➕WHITAKER, Daren appointeddirector
- 2014-11-07➕SHAW, Michael appointedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
4 high · 1 med · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-02-28
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2024-11-21
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-28: liquidation-voluntary-appointment-of-liquidator; 2026-05-19: liquidation-voluntary-removal-of-liquidator-by-court
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Xq Developments 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 |
|---|---|---|---|---|
Xq Developments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
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12 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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Greater Manchester Combined Authority (Security Agent) as Security Trustee for the Secured Parties | A registered charge | 1 property | 06/07/2021 | 05/10/2023 | |
| satisfied | Tameside Metropolitan Borough Council as Administering Authority for Greater Manchester Pension Fund | A registered charge | 1 property | 18/04/2019 | 08/06/2020 | |
| satisfied | Greater Manchester Combined Authority | A registered charge | 1 property | 18/04/2019 | 05/10/2023 | |
| satisfied | Tameside Metropolitan Borough Council as Administering Authority for Greater Manchester Pension Fund | A registered charge | 1 property | 27/09/2017 | 08/06/2020 | |
| satisfied | The Council of the City of Manchester | A registered charge | 1 property | 27/09/2017 | 10/04/2024 |