4TH UTILITY HOLDINGS TOPCO LIMITED
Opportunity 75/100 (strong), bankability 62/100. 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
3 live charges · 3 lenders · oldest 3.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Charge age ~3.2 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 33/100 — 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 mortgage
- • 1 mortgage
- • 1 confirmation-statement
- • 1 mortgage
- • 1 confirmation-statement
Corporate timeline (41 events)Click to expand
- 2026-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-05-18🔒Charge registered #3Lender: Liberatis Investments Limited
- 2025-10-15📄accounts-with-accounts-type-groupaccounts · AA
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-01📄memorandum-articlesincorporation · MA
- 2025-04-01📄resolutionresolution · RESOLUTIONS
- 2025-03-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-26📄capital-allotment-sharescapital · SH01
- 2025-03-25➖MURPHY, Helen Mary resigneddirector
- 2025-03-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-03-10📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-10-17📄accounts-with-accounts-type-groupaccounts · AA
- 2024-02-14📄capital-allotment-sharescapital · SH01
- 2024-02-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-02-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-02-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-31➕WILSON, Stephen Robert appointeddirector
- 2024-01-31➖BEAMISH, Nicola Jayne resigneddirector
- 2024-01-29🔓Charge satisfied #1
- 2024-01-25🔒Charge registered #2Lender: Liberatis Investments Limited as Lender
- 2023-10-27➕PRODAN, Laurentiu Florin appointeddirector
- 2023-10-27➖DAVIDS, Jan resigneddirector
- 2023-04-12➖DARDI, Marissa Ann resigneddirector
- 2023-04-12➕MURPHY, Helen Mary appointeddirector
- 2023-04-03➖HUGHES, Anthony Stephen resigneddirector
- 2023-04-03🔒Charge registered #1Lender: Kroll Trustee Services Limited (As Security Trustee for the Beneficiaries)
- 2023-03-29➕LEES, Stuart appointeddirector
- 2023-03-29➕BEAMISH, Nicola Jayne appointeddirector
- 2023-03-29➕DAVIDS, Jan appointeddirector
- 2023-03-29➕HUGHES, Anthony Stephen appointeddirector
- 2023-03-21🏢Company incorporatedAs 4TH UTILITY HOLDINGS TOPCO LIMITED
- 2023-03-21➕MARVELL, Neil Philip appointeddirector
- 2023-03-21➕DARDI, Marissa Ann appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
Red flags
1 lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Liberatis Investments 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 |
|---|---|---|---|---|
Liberatis Investments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 21/03/2023 |
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 (4 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Liberatis Investments Liberatis Investments Limited | A registered charge | 4 properties | 18/05/2026 | — | |
| outstanding | Liberatis Investments as Lender Liberatis Investments Limited as Lender | A registered charge | 1 property | 25/01/2024 | — | |
| satisfied | Kroll Trustee Services (As Security Trustee for the Beneficiaries) Kroll Trustee Services Limited (As Security Trustee for the Beneficiaries) | A registered charge | 1 property | 03/04/2023 | 29/01/2024 |