FRIELS SOLICITORS LIMITED

🌳Matureactive
SC081867 · ltd · incorporated 1983-02-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£189.7k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Solicitors
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £189,748
Cash YoY
+19%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£158k
↑ 19% YoY
Net Worth
£190k
↑ 48% YoY
Current Assets
£231k
↑ 12% YoY
Current Liabilities
—
£0£46k£92k£139k£185k£231kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£222.2k£193.2k
Current assets£231.1k£207.3k
Cash£158.3k£133.2k
Debtors£35.6k£43.8k
Net assets£189.7k£128.2k

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

🔒Filing-note intelligence

3 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-06-23
    ➖
    MUNIR, Asma resigned
    director
  5. 2023-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-04-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2022-04-11
    ➕
    CARSON, John Robin Wilson appointed
    director
  9. 2022-01-24
    📄
    capital-return-purchase-own-shares
    capital · SH03
  10. 2022-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-08-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-08-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-07-30
    📄
    capital-cancellation-shares
    capital · SH06
  15. 2021-07-16
    ➖
    WATT, William Harley resigned
    director
  16. 2021-04-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2021-04-23
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  18. 2021-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-03-04
    ➕
    MUNIR, Asma appointed
    director
  20. 2020-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2013-10-31
    ➖
    FITZPATRICK, Joan Marie resigned
    secretary
  24. 2013-10-31
    ➖
    FITZPATRICK, Joan Marie resigned
    director
  25. 2013-04-01
    ➕
    DEVANNEY, Kathryn appointed
    director
  26. 1999-10-31
    ➕
    FITZPATRICK, Joan Marie appointed
    secretary
  27. 1999-10-31
    ➖
    FRIEL, Joy resigned
    secretary
  28. 1999-10-31
    ➖
    FRIEL, Thomas resigned
    director
  29. 1994-02-16
    ➕
    CARLIN, Mark appointed
    director
  30. 1994-02-16
    ➕
    FITZPATRICK, Joan Marie appointed
    director
  31. 1994-02-16
    ➖
    FRIEL, Joseph resigned
    director
  32. 1994-02-16
    ➕
    WATT, William Harley appointed
    director
  33. 1983-02-18
    🏢
    Company incorporated
    As FRIELS SOLICITORS LIMITED

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Mark Carlin
Individual · British · DOB 08/1962 · age 64
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Mr William Harley Wattceased 16/07/2021· 25-50% shares

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1983-02-18
Jurisdictionscotland
Primary SIC69102 — Solicitors

Registered office

The Cross
Uddingston
Glasgow
G71 7ES
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-31
Last: 2025-12-17

Officers (3 active · 7 resigned)

CARLIN, Mark→
director · ~64y · appointed 1994-02-16
View their other companies + combined net worth →
Active
CARSON, John Robin Wilson→
director · ~61y · appointed 2022-04-11
View their other companies + combined net worth →
Active
DEVANNEY, Kathryn→
director · ~62y · appointed 2013-04-01
View their other companies + combined net worth →
Active
FITZPATRICK, Joan Marie→
secretary · appointed 1999-10-31 · resigned 2013-10-31
Resigned
FRIEL, Joy→
secretary · resigned 1999-10-31
Resigned
FITZPATRICK, Joan Marie→
director · ~71y · appointed 1994-02-16 · resigned 2013-10-31
Resigned
FRIEL, Joseph→
director · ~94y · resigned 1994-02-16
Resigned
FRIEL, Thomas→
director · ~90y · resigned 1999-10-31
Resigned
MUNIR, Asma→
director · ~42y · appointed 2020-03-04 · resigned 2023-06-23
Resigned
WATT, William Harley→
director · ~73y · appointed 1994-02-16 · resigned 2021-07-16
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—23/04/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
termination-director-company-with-name-termination-date
officers · TM01
2023-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
appoint-person-director-company-with-name-date
officers · AP01
2022-04-23
capital-return-purchase-own-shares
capital · SH03
2022-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
termination-director-company-with-name-termination-date
officers · TM01
2021-08-22