FANDUEL LIMITED
🌳Matureactive
SC333797 · ltd · incorporated 2007-11-12
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Ready-made interactive leisure and entertainment software development
Sector: Information & communication
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 77/100. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
18 live charges · 9 lenders · oldest 17.6y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 17.6 years old — likely at or near maturity.
- · 9 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
23 officers (4 active, 23 linked, 21 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
362 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (99 events)Click to expand
- 2025-10-27📄accounts-with-accounts-type-fullaccounts · AA
- 2025-07-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-07➕TAYLOR, Mathew Ian appointeddirector
- 2024-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-03📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-02➕JENNINGS, David appointeddirector
- 2024-12-02➕ROBINSON, Khyati appointeddirector
- 2024-12-02➖GIANCAMILLI, Andrew resigneddirector
- 2024-10-16📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-09🔓Charge satisfied #18
- 2023-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2023-07-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-12📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-19📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2021-10-18📄legacycapital · SH20
- 2021-10-18⚠️legacyinsolvency · CAP-SS
- 2021-10-18📄resolutionresolution · RESOLUTIONS
- 2021-10-15➕HOWE, Amy appointeddirector
- 2021-10-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-16➖KING, Matt resigneddirector
- 2020-09-25🔒Charge registered #18Lender: Lloyds Bank PLC (As Security Agent)
- 2019-06-15➖BACHMANN, Andrin resigneddirector
- 2019-06-15➖CLELAND, Andrew resigneddirector
- 2019-06-15➖LASALLE, Michael resigneddirector
- 2019-06-15➖NATHANSON, David resigneddirector
- 2019-06-15➖OBERWAGER, Edward resigneddirector
- 2019-06-15➖VOGEL, Carl resigneddirector
- 2019-06-13➕GIANCAMILLI, Andrew appointeddirector
- 2018-07-12🔓Charge satisfied #17
- 2018-07-12🔓Charge satisfied #16
- 2018-07-12🔓Charge satisfied #15
- 2018-07-12🔓Charge satisfied #14
- 2018-07-12🔓Charge satisfied #13
- 2018-07-12🔓Charge satisfied #12
- 2018-07-12🔓Charge satisfied #11
- 2018-05-14🔒Charge registered #17Lender: Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and Lender (As Defined Therein)
- 2018-05-14🔒Charge registered #16Lender: Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein)
- 2018-05-14🔒Charge registered #15Lender: Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein)
- 2017-11-20➕KING, Matt appointeddirector
- 2017-11-20➕NATHANSON, David appointeddirector
- 2017-11-20➕VOGEL, Carl appointeddirector
- 2017-11-17➖ECCLES, Nigel John resigneddirector
- 2017-08-11🔓Charge satisfied #10
Showing most recent 50 of 99 events
Owner dependency
40/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-10-18: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2007-11-12
Jurisdictionscotland
Primary SIC62011 — Ready-made interactive leisure and entertainment software development
Registered office
14 City Quay
Dundee
DD1 3JA
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-14
Last: 2025-09-30
Officers (4 active · 19 resigned)
Active
JENNINGS, David→
Activedirector · ~48y · appointed 2024-12-02
View their other companies + combined net worth →
ROBINSON, Khyati→
Activedirector · ~47y · appointed 2024-12-02
View their other companies + combined net worth →
TAYLOR, Mathew Ian→
Activedirector · ~40y · appointed 2025-07-07
View their other companies + combined net worth →
ECCLES, Nigel John→
Resignedsecretary · appointed 2007-11-12 · resigned 2012-10-11
WATERS, Brendan Louis→
Resignedsecretary · appointed 2012-10-11 · resigned 2013-07-31
BACHMANN, Andrin→
Resigneddirector · ~54y · appointed 2011-07-28 · resigned 2019-06-15
CLELAND, Andrew→
Resigneddirector · ~55y · appointed 2012-12-18 · resigned 2019-06-15
CORDELLA, Richard→
Resigneddirector · ~50y · appointed 2015-06-26 · resigned 2017-08-09
DORREN, Kevin Matthew→
Resigneddirector · ~58y · appointed 2008-01-14 · resigned 2009-12-31
ECCLES, Lesley→
Resigneddirector · ~53y · appointed 2016-09-29 · resigned 2017-08-09
ECCLES, Nigel John→
Resigneddirector · ~52y · appointed 2007-11-12 · resigned 2017-11-17
GIANCAMILLI, Andrew→
Resigneddirector · ~47y · appointed 2019-06-13 · resigned 2024-12-02
GRIFFITHS, Tom Gordon→
Resigneddirector · ~44y · appointed 2007-11-12 · resigned 2017-08-09
KING, Matt→
Resigneddirector · ~47y · appointed 2017-11-20 · resigned 2021-07-16
LASALLE, Michael→
Resigneddirector · ~53y · appointed 2014-08-04 · resigned 2019-06-15
MARTINO, Paul→
Resigneddirector · ~52y · appointed 2012-03-09 · resigned 2015-09-30
MOENS, Marc Frans Julia→
Resigneddirector · ~68y · appointed 2008-12-23 · resigned 2017-08-09
NATHANSON, David→
Resigneddirector · ~50y · appointed 2017-11-20 · resigned 2019-06-15
O'DONNELL, Owen Francis→
Resigneddirector · ~60y · appointed 2009-11-01 · resigned 2012-03-09
Click a director name to see their full track record across all companies.
Mortgages & charges
18
Total charges
0
Outstanding
0
Active lenders
Status:Lender:18 of 18 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC (As Security Agent) | A registered charge | — | 25/09/2020 | 09/05/2024 | |
| satisfied | Omega Advisors . in Its Capacity as Administrative Agent and Collateral Agent for Itself and Lender (As Defined Therein) Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and Lender (As Defined Therein) | A registered charge | 1 property | 14/05/2018 | 12/07/2018 | |
| satisfied | Omega Advisors . in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein) Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein) | A registered charge | 1 property | 14/05/2018 | 12/07/2018 | |
| satisfied | Omega Advisors . in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein) Omega Advisors Inc. in Its Capacity as Administrative Agent and Collateral Agent for Itself and the Lender (As Defined Therein) | A registered charge | 1 property | 14/05/2018 | 12/07/2018 | |
| satisfied | Hercules Capital, . Hercules Capital, Inc. | A registered charge | — | 24/10/2016 | 12/07/2018 | |
| satisfied | Hercules Capital, . Hercules Capital, Inc. | A registered charge | — | 24/10/2016 | 12/07/2018 | |
| satisfied | Hercules Capital, . Hercules Capital, Inc. | A registered charge | 2 properties | 24/10/2016 | 12/07/2018 | |
| satisfied | Hercules Capital, . Hercules Capital, Inc. | A registered charge | 2 properties | 24/10/2016 | 12/07/2018 | |
| satisfied | The Law Debenture Trust Corporation The Law Debenture Trust Corporation PLC | A registered charge | 1 property | 31/03/2016 | 11/08/2017 | |
| satisfied | The Law Debenture Trust Corporation The Law Debenture Trust Corporation PLC | A registered charge | 1 property | 31/03/2016 | 27/10/2016 | |
| satisfied | The Law Debenture Trust Corporation The Law Debenture Trust Corporation PLC | A registered charge | — | 31/03/2016 | 11/08/2017 | |
| satisfied | Square 1 Bank | A registered charge | 1 property | 02/10/2015 | 24/03/2016 | |
| satisfied | Square 1 Bank | A registered charge | 1 property | 02/10/2015 | 24/03/2016 | |
| satisfied | Venture Lending & Leasing Vii, . / Venture Lending & Leasing Vi, . Venture Lending & Leasing Vii, Inc. / Venture Lending & Leasing Vi, Inc. | A registered charge | 1 property | 26/04/2013 | 15/03/2016 | |
| satisfied | Venture Lending & Leasing Vii, . / Venture Lending & Leasing Vi, . Venture Lending & Leasing Vii, Inc. / Venture Lending & Leasing Vi, Inc. | A registered charge | 1 property | 26/04/2013 | 15/03/2016 | |
| satisfied | Venture Lending & Leasing Vii, . / Venture Lending & Leasing Vi, . Venture Lending & Leasing Vii, Inc. / Venture Lending & Leasing Vi, Inc. | A registered charge | 1 property | 26/04/2013 | 17/10/2015 | |
| satisfied | Pentech Ventures Pentech Ventures LLP | Floating charge | 1 property | 28/01/2011 | 29/07/2011 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 07/10/2008 | 25/01/2011 |
Recent filings (362 total)
accounts-with-accounts-type-full
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
appoint-person-director-company-with-name-date
officers · AP01
2025-07-09
change-person-director-company-with-change-date
officers · CH01
2024-12-03
change-person-director-company-with-change-date
officers · CH01
2024-12-03
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-03
appoint-person-director-company-with-name-date
officers · AP01
2024-12-03
accounts-with-accounts-type-full
accounts · AA
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-19
accounts-with-accounts-type-full
accounts · AA
2023-10-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-01