On the register this week: 21 new companies from founders with a prior exit, 28 young registers carrying two or more exited directors, 100 allotments of £100k or more at companies under three years old, and 3 smart-money register entries.
- 1 Reunion
They sold to Ashtead Technology two years running. Now: Blue Ocean Decom
Alfred Cheyne and Valerie Cheyne sold Rathmay (£42.1m turnover) in 2023 and Alfred Cheyne Engineering, the business behind ACE Winches (£33.9m), in 2024, both to Ashtead Technology. This week they incorporated Blue Ocean Decom International in Huntly, registered under oil and gas support activities.
Incorporated 17 Jun · Blue Ocean Decom International Ltd (SC892803) · prior exits: Rathmay Ltd 2023, Alfred Cheyne Engineering Ltd 2024 · inferred from register and control filings
- 2 Fresh capital
£31m landed on the register of a Cambridge protein-degradation biotech
TrimTech Therapeutics filed an SH01 recording £31m of new shares across 13 register names. Whatever has or has not been announced, the filing is where committed capital becomes visible.
SH01 filed 17 Jun · TrimTech Therapeutics Ltd (15299951) · 13 shareholders · Cambridge
- 3 Exited founder
The man who exited the fleet group behind NRG Riverside is now selling trucks
Muhammad Sadique exited Project Lafite Topco, the £112m-turnover fleet business behind NRG Riverside, in 2024. His new company, Fuso Truck UK, was incorporated in Brighouse this week under a vehicle-sales SIC.
Incorporated 19 Jun · Fuso Truck UK Ltd (17287974) · prior exit: Project Lafite Topco Ltd to Clan Rock Bidco, 2024 · inferred from register and control filings
- 4 Reunion
The Sigma PRS duo are building a housing management platform
Graham Barnet and Michael Scott, who together sold Sigma PRS investment vehicles into the PRS REIT structure, incorporated Sigma Housing Management and Sigma Housing Lettings Management in Manchester this week. Barnet founded Sigma Capital, the group that assembled one of the UK's largest build-to-rent pipelines.
Sigma Housing Management Ltd (17283121) inc 18 Jun · Sigma Housing Lettings Management Ltd (17288407) inc 19 Jun · inferred from register and control filings
- 5 Reunion
After selling Yew Tree Dairy to Müller, the Woodcocks are back
Carl Woodcock, Ivan Woodcock and Timothy Woodcock sold Yew Tree Dairy Holdings to Müller Dairy UK in 2024. This week the three incorporated a new wholesale venture, WCK Operations, in Standish.
Incorporated 17 Jun · WCK Operations Ltd (17275089) · prior exit: Yew Tree Dairy Holdings Ltd to Müller Dairy (U.K.) Ltd, 2024 · inferred from register and control filings
- RedCloud Holdings plc allotted £79.5m of new shares in London.
- Ditto Daily took £6.2m across 45 register names.
- Owain Williams and Samuel Grainger, who sold Madre Liverpool in 2021, teamed up again on OG Hospo Newcastle Ltd.