UNION CONNECT LIMITED
- · Oldest live charge 17.5y old — refinance window within 12 months
Opportunity 77/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 17.5y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 17.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 33/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key 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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 800 | 1000 |
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
Corporate timeline (45 events)Click to expand
- 2025-10-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-06-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-29➕BATEY, Ian Daniel appointeddirector
- 2025-05-29➕CAMPBELL MAIR, Emma appointeddirector
- 2025-05-29➕KILLOUGH, Louise appointeddirector
- 2025-05-29➖LINDSAY, Andrew Charles resigneddirector
- 2025-05-29➖MCATEER, Ian Henderson resigneddirector
- 2025-05-29➖REID, Mark Thomas resigneddirector
- 2025-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-17📄capital-alter-shares-subdivisioncapital · SH02
- 2023-02-17📄capital-name-of-class-of-sharescapital · SH08
- 2023-02-17📄memorandum-articlesincorporation · MA
- 2023-02-17📄resolutionresolution · RESOLUTIONS
- 2023-02-17📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2023-01-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-01-19📄capital-allotment-sharescapital · SH01
- 2023-01-19📄capital-alter-shares-subdivisioncapital · SH02
- 2021-08-17➕BLAIR, Heather Margaret appointeddirector
- 2021-08-17➕HART, Michael appointeddirector
- 2020-09-24➕BLAIR, Heather Margaret appointedsecretary
- 2020-09-24➖REID, Mark Thomas resignedsecretary
- 2018-04-16➖HARDIE, Kyle George resigneddirector
- 2008-10-21🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2007-05-15➕REID, Mark Thomas appointedsecretary
- 2007-05-15➖ANDERSON STRATHERN resignedcorporate-secretary
- 2007-05-15➖BROWN, Simon Thomas David resigneddirector
- 2007-05-15➕LINDSAY, Andrew Charles appointeddirector
- 2007-05-15➖MACLEAN, Robert William resigneddirector
- 2007-05-15➕MCATEER, Ian Henderson appointeddirector
- 2007-05-15➕REID, Mark Thomas appointeddirector
- 2007-04-23➕HARDIE, Kyle George appointeddirector
- 2007-01-18🏢Company incorporatedAs UNION CONNECT LIMITED
- 2007-01-18➕ANDERSON STRATHERN appointedcorporate-secretary
- 2007-01-18➕BROWN, Simon Thomas David appointeddirector
- 2007-01-18➕MACLEAN, Robert William appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 60 — 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 60. Early succession window.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: LINDSAY, Andrew Charles resigned 2025-05-29; MCATEER, Ian Henderson resigned 2025-05-29; REID, Mark Thomas resigned 2025-05-29
Group structure
2 corporate shareholders identified. Group structure is distributed.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Agents Of Change (Scotland) Limited Corporate entity | 75–100% | — | 75-100% shares | 01/01/2023 |
Union Group Eot Limited Corporate entity | — | — | sig. influencesignificant influence | 29/05/2025 |
1 historic (ceased) PSC
- Mr Ian Henderson Mcateerceased 29/05/2025· 25-50% shares · 25-50% voting
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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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 →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 (6 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 21/10/2008 | — |