ROVOP MIDCO LIMITED
Opportunity 76/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
9 live charges · 5 lenders · oldest 5.2y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 confirmation-statement
Corporate timeline (68 events)Click to expand
- 2025-06-10📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-28➕DUNDAS, Dane Frederick appointeddirector
- 2025-02-28➖PARK, George Graeme resigneddirector
- 2024-09-26📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-09-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-05-16🔓Charge satisfied #5
- 2024-05-16🔓Charge satisfied #4
- 2024-05-16🔓Charge satisfied #3
- 2024-05-09🔒Charge registered #9Lender: Regions Commercial Equipment Finance, Llc as Collateral Agent
- 2024-05-09🔒Charge registered #8Lender: Regions Commercial Equipment Finance, Llc as Collateral Agent
- 2024-05-09🔒Charge registered #7Lender: Regions Commercial Equipment Finance, Llc
- 2024-05-09🔒Charge registered #6Lender: Regions Commercial Equipment Finance, Llc as Collateral Agent
- 2023-11-16📄accounts-with-accounts-type-fullaccounts · AA
- 2023-03-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-06🔓Charge satisfied #2
- 2023-02-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-17🔒Charge registered #5Lender: Cordiant Luxembourg S.A. as Security Agent
- 2023-02-17🔒Charge registered #4Lender: Cordiant Luxembourg S.A. as Security Agent
- 2023-02-17🔒Charge registered #3Lender: Cordiant Luxembourg S.A. as Security Agent
- 2023-01-26📄memorandum-articlesincorporation · MA
- 2023-01-25📄resolutionresolution · RESOLUTIONS
- 2022-12-06📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-09-17🔓Charge satisfied #1
- 2021-03-31🔒Charge registered #2Lender: Rovop Guernsey Limited
- 2021-03-31🔒Charge registered #1Lender: Bgf Nominees Limited (As Security Trustee)
- 2020-10-14➕PARK, George Graeme appointeddirector
- 2020-10-14➖TAIT, Euan resigneddirector
- 2020-07-06➕POTTER, Neil Francis appointeddirector
- 2020-07-06➖LAMONT, David Turch resigneddirector
- 2020-03-17➖IMRIE, Andrew William resigneddirector
- 2020-03-17➕TAIT, Euan appointeddirector
- 2020-02-14➕IMRIE, Andrew William appointeddirector
- 2020-02-14➖IMRIE, Andrew William resigneddirector
- 2020-01-14➖CHRISTIE, Duncan Francis resigneddirector
- 2020-01-14➕IMRIE, Andrew William appointeddirector
- 2019-08-27➖SHANKS, Alan Gordon resigneddirector
- 2019-08-12➕CHRISTIE, Duncan Francis appointeddirector
- 2019-07-19➖GRAY, Steven Christie resigneddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Rovop Holdings 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 |
|---|---|---|---|---|
Rovop Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/12/2017 |
1 historic (ceased) PSC
- Mr Steven Christie Grayceased 07/12/2017· 75-100% shares · 75-100% voting · board control
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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| STREAMLINE SHIPPING GROUP LIMITED→ SC131956 · est 1991 | £15.91M £11.73M–£20.10M | — | — | 0 | 35y | 83 | 74y |
| GENERAL OCEANS UK HOLDINGS LTD→ SC308386 · est 2006 | £9.77M £7.20M–£12.34M | — | — | 0 | 19y | 84 | 68y |
| HIGHLAND FUELS HOLDINGS LIMITED→ SC215790 · est 2001 | £9.50M £7.00M–£12.00M | — | — | 300 | 25y | 88 | 62y |
| CRAIGSHANNOCH LIMITED→ SC191743 · est 1998 | £5.90M £4.34M–£7.45M | £2.95M | — | 300 | 27y | 88 | 67y |
| HSB HOLDINGS LIMITED→ SC260511 · est 2003 | £3.58M £2.64M–£4.52M | — | — | 0 | 22y | 84 | 61y |
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| ROTECH HOLDINGS LIMITED→ SC148822 · est 1994 | £1.97M £1.45M–£2.49M | £453.6k | — | 0 | 32y | 92 | 58y |
| WELLTEC (UK) LTD.→ SC204742 · est 2000 | £134.9k £99.4k–£170.4k | £17.23M | — | 3200 | 26y | 85 | 62y |
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| ALLEN ASSOCIATES (H.P.E.) LIMITED→ SC201596 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 59y |
| BOURTREE INVESTMENTS LIMITED→ SC190868 · est 1998 | — | — | — | — | 27y | 83 | 61y |
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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 →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 (2 active · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Regions Commercial Equipment Finance, as Collateral Agent Regions Commercial Equipment Finance, Llc as Collateral Agent | A registered charge | — | 09/05/2024 | — | |
| outstanding | Regions Commercial Equipment Finance, as Collateral Agent Regions Commercial Equipment Finance, Llc as Collateral Agent | A registered charge | — | 09/05/2024 | — | |
| outstanding | Regions Commercial Equipment Finance, Regions Commercial Equipment Finance, Llc | A registered charge | 1 property | 09/05/2024 | — | |
| outstanding | Regions Commercial Equipment Finance, as Collateral Agent Regions Commercial Equipment Finance, Llc as Collateral Agent | A registered charge | — | 09/05/2024 | — | |
| satisfied | Cordiant Luxembourg S.A. as Security Agent | A registered charge | — | 17/02/2023 | 16/05/2024 | |
| satisfied | Cordiant Luxembourg S.A. as Security Agent | A registered charge | — | 17/02/2023 | 16/05/2024 | |
| satisfied | Cordiant Luxembourg S.A. as Security Agent | A registered charge | — | 17/02/2023 | 16/05/2024 | |
| satisfied | Rovop Guernsey Rovop Guernsey Limited | A registered charge | 1 property | 31/03/2021 | 06/03/2023 | |
| satisfied | Bgf Nominees (As Security Trustee) Bgf Nominees Limited (As Security Trustee) | A registered charge | 1 property | 31/03/2021 | 17/09/2022 |