FRELAUR LTD
Opportunity 75/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
6 live charges · 3 lenders · oldest 4.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.9 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £389.7k | £478.2k |
| Current assets | £18.3k | £86.8k |
| Cash | £8.2k | £86.8k |
| Debtors | £10.0k | — |
| Net assets | £45.4k | £31.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2025-10-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-17🔒Charge registered #6Lender: Paragon Bank PLC
- 2022-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-24🔒Charge registered #5Lender: Aldermore Bank PLC
- 2021-10-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-28🔓Charge satisfied #3
- 2021-10-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-10-19🔒Charge registered #4Lender: The Mortgage Works (UK) PLC
- 2021-08-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-25🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2021-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-08🔒Charge registered #2Lender: The Mortgage Works (UK) PLC
- 2021-06-08🔒Charge registered #1Lender: The Mortgage Works (UK) PLC
- 2021-04-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-03-06🏢Company incorporatedAs FRELAUR LTD
- 2020-03-06➕FREW, John Arthur appointeddirector
- 2020-03-06➕LAURIE, Scott John appointeddirector
- 2020-03-06📄incorporation-companyincorporation · NEWINC
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 63 — approaching natural succession window.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Arthur Frew Individual · Scottish · DOB 09/1963 · age 63 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/03/2020 |
Mr Scott John Laurie Individual · Scottish · DOB 02/1967 · age 59 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/03/2020 |
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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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 · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 17/01/2023 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 24/06/2022 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 19/10/2021 | — | |
| satisfied | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 25/08/2021 | 28/10/2021 | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 08/06/2021 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 08/06/2021 | — |