FRM HOLDINGS LTD
Opportunity 75/100 (strong), bankability 67/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 10.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)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 105 (micro)| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £444.2k | £444.9k |
| Current assets | £479 | £486 |
| Net assets | £444.2k | £444.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (25 events)Click to expand
- 2026-03-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-02-20📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-04-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-04-08➕FIDGEON, Christopher Mark appointeddirector
- 2024-04-08➖FIDGEON, Paul resigneddirector
- 2024-04-08🔒Charge registered #3Lender: Paul Fidgeon
- 2023-02-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-06🔒Charge registered #2Lender: Close Brothers Limited (The “Security Trustee”)
- 2021-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2016-05-06🔒Charge registered #1Lender: Santander UK PLC
- 2015-03-12🏢Company incorporatedAs FRM HOLDINGS LTD
- 2015-03-12➕FIDGEON, Paul appointeddirector
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
cleanGroup structure
Fidgeon Bidco 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 |
|---|---|---|---|---|
Fidgeon Bidco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/04/2024 |
1 historic (ceased) PSC
- Mr Paul Fidgeonceased 08/04/2024· 75-100% shares · 75-100% voting · board control
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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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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paul Fidgeon / Catherine Fidgeon | A registered charge | 1 property | 08/04/2024 | — | |
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 06/05/2022 | — | |
| outstanding | Santander Santander UK PLC | A registered charge | 1 property | 06/05/2016 | — |