AEQUITAS TOPCO LIMITED

🌿Early-stageactive

15430341 · ltd · incorporated 2024-01-22

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

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

Pursue

Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 2.3y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Newest facility, 2.3 years old — likely still in initial term.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (5 active, 6 linked, 6 with DOB)

Ownership & PSC

5 active PSC(s) of 5 total, 5 with control declared

Director network

16 connected companies via shared directors

Filing history

30 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

Last 30 days

filings

Last 90 days

filing

• 1 capital

Last 180 days

filings

• 3 officers
• 1 capital
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-04-10
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-02-26
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-28
➕
THORNDYKE, Helen Louise appointed
director
2026-01-20
➖
JONES, Tim resigned
director
2025-10-24
📄
capital-allotment-shares
capital · SH01
2025-10-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-27
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-10
📄
change-account-reference-date-company-current-extended
accounts · AA01
2024-10-09
🔒
Charge registered #3
Lender: Triple Point Advancr Leasing PLC
2024-08-19
➕
JONES, Tim appointed
director
2024-03-30
📄
resolution
resolution · RESOLUTIONS
2024-03-30
📄
memorandum-articles
incorporation · MA
2024-03-30
📄
capital-name-of-class-of-shares
capital · SH08
2024-03-27
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2024-03-25
📄
capital-allotment-shares
capital · SH01
2024-03-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-25
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-25
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-03-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-11
➕
HALL, Alexander James appointed
director
2024-03-11
➕
REID, Marcos John appointed
director
2024-03-11
➕
SPURRIER, Edward John Marston appointed
director
2024-03-11
🔒
Charge registered #2
Lender: Coniston Capital I LP
2024-03-11
🔒
Charge registered #1
Lender: Coniston Capital I LP
2024-01-22
🏢
Company incorporated
As AEQUITAS TOPCO LIMITED
2024-01-22
➕
CHAMBERS, Alfred appointed
director

Owner dependency

53/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Young company: Only 2.4 years old — management layer unlikely to be developed.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.

Red flags

1 low

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Coniston Capital Gp Llp holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Coniston Capital Gp Llp

Corporate parent · holds 25-50% shares · board control

significant stake

⬇

AEQUITAS TOPCO LIMITED

This company · 15430341

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

5 active beneficial owners · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Alexander James Hall Individual · British · DOB 10/1981 · age 45	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	11/03/2024
Mr Marcos John Reid Individual · British · DOB 11/1970 · age 56	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	11/03/2024
Mrs Julie Dawn Hall Individual · British · DOB 04/1977 · age 49	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	11/03/2024
Mrs Julie Ann Reid Individual · British · DOB 07/1971 · age 55	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	11/03/2024
Coniston Capital Gp Llp Corporate entity	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	22/01/2024

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 →

Similar companies

Active · Holding company · SL postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ADDINSELL (II) MANAGEMENT LIMITED→ 06666730 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
ADDINSELL MANAGEMENT LIMITED→ 06637944 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
ADRIANS WALK MANAGEMENT (NUMBER 2) COMPANY LTD→ 05056605 · est 2004 · no financials extracted	—	—	—	—	22y	—	—
ADVANCED MARINE GROUP LTD→ 12390800 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
ADVICE HOLDINGS LIMITED→ 14024343 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
ADYA GROUP LTD→ 12539326 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
AEROQUIP-VICKERS LIMITED→ 01771356 · est 1983 · no financials extracted	—	—	—	—	42y	—	—
AESTHETIC HOLDINGS LIMITED→ 12263317 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
AGRICOLA INVESTMENTS LIMITED→ 08539918 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
AGRISMART ZAMBIA LTD→ 15533186 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
AILEHPO CAPITAL LTD→ 14924957 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AKZO NOBEL (CPS) PENSION TRUSTEE LIMITED→ 02579110 · est 1991 · no financials extracted	—	—	—	—	35y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2024-01-22

Jurisdictionengland-wales

Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Proxima

1 Grenfell Road

Maidenhead

SL6 1HN

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-04

Last: 2026-01-21