ASCONA GROUP HOLDINGS MIDCO LIMITED
Opportunity 63/100 (worth a look), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
7 live charges · 6 lenders · oldest 1.7y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Newest facility, 1.7 years old — likely still in initial term.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (37 events)Click to expand
- 2025-12-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-12-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-10📄legacyaccounts · PARENT_ACC
- 2025-12-10📄legacyother · GUARANTEE2
- 2025-12-10📄legacyother · AGREEMENT2
- 2025-12-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-03🔒Charge registered #7Lender: Hsbc UK Bank PLC (As Security Agent)
- 2025-12-03🔒Charge registered #6Lender: Hsbc UK Bank PLC (As Security Agent)
- 2025-12-03🔒Charge registered #5Lender: Glas Trust Corporation Limited as Security Agent
- 2025-12-03🔓Charge satisfied #2
- 2025-12-03🔓Charge satisfied #1
- 2025-11-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-19🔒Charge registered #4Lender: Glas Trust Corporation Limited as Security Trustee for the Secured Parties
- 2025-11-19🔒Charge registered #3Lender: Hsbc UK Bank PLC as Security Trustee for the Secured Parties
- 2025-11-04📄memorandum-articlesincorporation · MA
- 2024-11-21📄resolutionresolution · RESOLUTIONS
- 2024-10-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-21📄capital-allotment-sharescapital · SH01
- 2024-10-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-16🔒Charge registered #2Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Trustee for the Secured Parties
- 2024-10-16🔒Charge registered #1Lender: Hsbc Corporate Trustee Company (UK) Limited
- 2024-10-11📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2024-10-11📄legacycapital · SH20
- 2024-10-11⚠️legacyinsolvency · CAP-SS
- 2024-10-11📄resolutionresolution · RESOLUTIONS
- 2024-09-10📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-09-05➕MACLEOD, Catherine Angharad appointedsecretary
- 2024-09-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-08-28🏢Company incorporatedAs ASCONA GROUP HOLDINGS MIDCO LIMITED
- 2024-08-28➕BRIGGS, Darren Charles appointeddirector
- 2024-08-28➕HIGGON, Shane David appointeddirector
- 2024-08-28➕MORRIS, Duncan Eric appointeddirector
- 2024-08-28📄incorporation-companyincorporation · NEWINC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Young company: Only 1.9 years old — management layer unlikely to be developed.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 high · 2 med · 1 lowFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2024-10-11: legacy
Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-12-03: A registered charge; 2025-12-03: A registered charge; 2025-12-03: A registered charge
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Ascona Group Holdings Ltd 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 |
|---|---|---|---|---|
Ascona Group Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/08/2024 |
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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10 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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC (As Security Agent) | A registered charge | — | 03/12/2025 | — | |
| outstanding | HSBC Hsbc UK Bank PLC (As Security Agent) | A registered charge | — | 03/12/2025 | — | |
| outstanding | Glas Trust Corporation as Security Agent Glas Trust Corporation Limited as Security Agent | A registered charge | 1 property | 03/12/2025 | — | |
| outstanding | Glas Trust Corporation as Security Trustee for the Secured Parties Glas Trust Corporation Limited as Security Trustee for the Secured Parties | A registered charge | 1 property | 19/11/2025 | — | |
| outstanding | HSBC Hsbc UK Bank PLC as Security Trustee for the Secured Parties | A registered charge | 1 property | 19/11/2025 | — | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Trustee for the Secured Parties | A registered charge | 1 property | 16/10/2024 | 03/12/2025 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited | A registered charge | 1 property | 16/10/2024 | 03/12/2025 |