FRENCH DUNCAN LLP
Opportunity 70/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. 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 (50/100).
Refinance opportunity
8 live charges · 6 lenders · oldest 21.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.1 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (55/100)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
- • 4 mortgage
- • 4 mortgage
- • 1 officers
- • 1 accounts
Corporate timeline (144 events)Click to expand
- 2026-03-05📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-03-05📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-03-05📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-03-05📄mortgage-satisfy-charge-full-limited-liability-partnershipmortgage · LLMR04
- 2026-03-05🔓Charge satisfied #9
- 2026-03-05🔓Charge satisfied #8
- 2026-03-05🔓Charge satisfied #7
- 2026-03-05🔓Charge satisfied #6
- 2026-01-16📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-12-31➖SINCLAIR, Antony John resignedllp-designated-member
- 2025-12-24📄accounts-with-accounts-type-fullaccounts · AA
- 2025-05-23📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2025-05-23📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-05-23📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-23📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-22📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-21📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-20📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-20📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-20📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-20📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-05-20📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-05-20📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-03-31➕BEEVERS, John Robert appointedllp-designated-member
- 2025-03-31➕JONES, Alison appointedllp-designated-member
- 2025-03-31➕SHAW, Andrew John appointedllp-designated-member
- 2025-03-31➖BURT, Hazel resignedllp-designated-member
- 2025-03-31➖HIGGINS, Gavin Stewart resignedllp-designated-member
- 2025-03-31➖HUGHES, Stephen Gerrard resignedllp-designated-member
- 2025-03-31➖LEONARD, Elizabeth resignedllp-designated-member
- 2025-03-31➖MCCONNELL, Maria Louise resignedllp-designated-member
- 2025-03-31➖ROBB, Neil Elliott resignedllp-designated-member
- 2025-03-31➖WALKER, Iain Edward resignedllp-designated-member
- 2025-01-06📄accounts-with-accounts-type-fullaccounts · AA
- 2025-01-03📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2024-12-24📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2024-12-24🔒Charge registered #9Lender: Glas Trust Corporation Limited (As Security Agent)
- 2024-12-24🔒Charge registered #8Lender: Glas Trust Corporation Limited
- 2024-12-11📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2024-12-10📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2024-12-09➕HIGGINS, Gavin Stewart appointedllp-designated-member
- 2024-11-26📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2024-10-31➖ANDERSON, John Stirling resignedllp-designated-member
- 2024-10-31➖VOSILIUS, Marc Alistair resignedllp-designated-member
- 2024-09-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2024-08-31➖FINNIE, Graeme Alexander Lumsden resignedllp-designated-member
- 2024-02-28➖CAIRNS, John Charles resignedllp-designated-member
- 2024-02-02➖MILNE, Brian William resignedllp-designated-member
- 2023-05-19🔒Charge registered #7Lender: Glas Trust Corporation Limited
- 2023-05-19🔒Charge registered #6Lender: Glas Trust Corporation Limited (As Security Agent)
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
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
Pioneer Bidco 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 |
|---|---|---|---|---|
Pioneer Bidco Limited Corporate entity | — | 75–100% | 75-100% voting | 21/04/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 (8 active · 47 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 24/12/2024 | 05/03/2026 | |
| satisfied | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | 1 property | 24/12/2024 | 05/03/2026 | |
| satisfied | Glas Trust Corporation Glas Trust Corporation Limited | A registered charge | — | 19/05/2023 | 05/03/2026 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 19/05/2023 | 05/03/2026 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 05/11/2008 | 06/08/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 20/09/2005 | 06/08/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 13/04/2005 | 02/05/2023 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 08/04/2005 | 06/08/2015 |