Majority control
≥50% shares/votes or board control
£342m
turnover · full accounts of controlled companies
- Companies
- 604
- Employees
- 206
- PBT
- £188m
UK-visible control · infrastructure investor
Equitix
UK companies whose ownership chain resolves to Equitix, via 353 matched control vehicles. Two views: every company where the firm is a significant-control PSC, and the narrower set it majority-controls.
Equitix is a London-based infrastructure fund manager and long-term investor, developer and fund manager of core infrastructure assets in the UK and Europe. It was established in 2007 and is part of TFG Asset Management/Tetragon Financial Group; public disclosures describe it as operating globally with a portfolio of over 360 assets valued at more than $14 billion as of 31 December 2024, and the firm’s focus includes social infrastructure, utilities, renewables, transport, telecommunications and environmental services.
All disclosed control
incl. minority (≥25%) PSC stakes
£2.3bn
turnover · 983 companies
- Employees
- 518
- With accounts
- 157 (16%)
Control structure
Majority control · top platforms by turnover · 604 companies controlled in total
- Equitix
- 75–100% EQUITIX INFRASTRUCTURE INVESTMENTS LTD £40m · 94 staff
- 75–100% KINECX ENERGY LIMITED £40m · 110 staff
- 75–100% KINLOCHLEVEN POWER LTD £39m · 2 staff
- 75–100% SEC LIGHTING SERVICES TRADING LIMITED £29m
- 75–100% TVL (WEST SUSSEX) HOLDING LIMITED
- 75–100% TVL (SOUTHAMPTON) HOLDING LIMITED
- 75–100% TVL (HAMPSHIRE) HOLDING LIMITED
- 75–100% TVL (NOTTINGHAM) HOLDING LIMITED
- +3 more controlled
- 75–100% SCOTIA WATER DALMUIR (HOLDINGS) LIMITED £23m
- 75–100% VENTUS INVESTMENTS LIMITED £21m
- 75–100% EUROPEAN INVESTMENTS (CROOK HILL) LIMITED
- +4 more controlled
- 75–100% CONNECT A30/A35 LIMITED £17m
- 50–75% ROEHAMPTON HOSPITAL HOLDINGS LIMITED £17m
- 75–100% LEEDS PFI SPV 2 LIMITED £15m
- 75–100% APPLE HOLDCO (E) LIMITED £12m
- 75–100% APPLE FINCO (E) LIMITED
- 75–100% REDSTOW RENEWABLES LIMITED £11m
- 75–100% EQUITIX (GATESHEAD) LIMITED £9m
- 75–100% CONNECT CNDR HOLDINGS LIMITED £8m
- 75–100% CONNECT CNDR LIMITED
- 75–100% CONNECT CNDR INTERMEDIATE LIMITED
- 75–100% ULIVING@ESSEX HOLDCO LIMITED £8m
- 75–100% ULIVING@ESSEX ISSUERCO PLC
Platforms are the firm's accounts-filing holdings; figures are their (consolidated) turnover. Subsidiaries beneath them are already inside that total — shown for structure, not added again.
Largest UK holdings (2026)
Majority control · by turnover · 71 have filed accounts
| Company | PSC control | Turnover | PBT | Emp. |
|---|---|---|---|---|
| EQUITIX INFRASTRUCTURE INVESTMENTS LTD controlled directly · every link ≥75% | 75–100% | £40m | £-5m | 94 |
| KINECX ENERGY LIMITED controlled via 3 hops · every link ≥75% | 75–100% | £40m | £46m | 110 |
| KINLOCHLEVEN POWER LTD controlled via 2 hops · every link ≥75% | 75–100% | £39m | £21m | 2 |
| SEC LIGHTING SERVICES TRADING LIMITED controlled directly · every link ≥75% | 75–100% | £29m | £14m | — |
| SCOTIA WATER DALMUIR (HOLDINGS) LIMITED controlled directly · every link ≥75% | 75–100% | £23m | £2m | — |
| VENTUS INVESTMENTS LIMITED controlled directly · every link ≥75% | 75–100% | £21m | £9m | — |
| CONNECT A30/A35 LIMITED controlled via 2 hops · every link ≥50% | 75–100% | £17m | £199,000 | 0 |
| ROEHAMPTON HOSPITAL HOLDINGS LIMITED controlled directly · every link ≥50% | 50–75% | £17m | £3m | — |
| LEEDS PFI SPV 2 LIMITED controlled directly · every link ≥75% | 75–100% | £15m | £2m | 0 |
| APPLE HOLDCO (E) LIMITED controlled directly · every link ≥75% | 75–100% | £12m | £12m | 0 |
| REDSTOW RENEWABLES LIMITED controlled via 3 hops · every link ≥75% | 75–100% | £11m | £272,857 | 0 |
| EQUITIX (GATESHEAD) LIMITED controlled via 2 hops · every link ≥75% | 75–100% | £9m | £1m | 0 |
| CONNECT CNDR HOLDINGS LIMITED controlled directly · every link ≥75% | 75–100% | £8m | £3m | — |
| ULIVING@ESSEX HOLDCO LIMITED controlled directly · every link ≥75% | 75–100% | £8m | £-1m | 0 |
| GWYNT Y MOR OFTO HOLDINGS LIMITED controlled directly · every link ≥50% | 25–50% | £5m | £28m | — |
| WEST YORKSHIRE PFI OPERATIONAL TRAINING & ACCOMMODATION LTD controlled via 2 hops · every link ≥75% | 75–100% | £5m | £392,000 | 0 |
| EQUITIX (REDCAR & CLEVELAND) LIMITED controlled directly · every link ≥75% | 75–100% | £5m | £1m | — |
| S4B (HOLDINGS) LIMITED controlled directly · every link ≥75% | 75–100% | £5m | £525,000 | — |
| CONNECT ROADS SUNDERLAND LIMITED controlled via 2 hops · every link ≥75% | 75–100% | £5m | £513,000 | — |
| ULIVING@ESSEX2 HOLDCO LIMITED controlled directly · every link ≥75% | 75–100% | £4m | £-1m | — |
| SOLUTIONS 4 NORTH TYNESIDE (HOLDINGS) LIMITED controlled directly · every link ≥75% | 75–100% | £4m | £569,677 | 0 |
| TRITON KNOLL OFTO LIMITED controlled via 2 hops · every link ≥75% | 75–100% | £4m | £-4m | 0 |
| BEL 2 LIMITED controlled directly · every link ≥75% | 75–100% | £4m | £-6m | — |
| HUMBER GATEWAY OFTO HOLDINGS LIMITED controlled directly · every link ≥75% | 75–100% | £3m | £916,000 | 0 |
| CONNECT ROADS COVENTRY HOLDINGS LIMITED controlled directly · every link ≥75% | 75–100% | £3m | £627,000 | 0 |
| EQUITIX WERN DDU LIMITED controlled directly · every link ≥75% | 75–100% | £3m | £2m | 0 |
| INFORMATION RESOURCES (BOURNEMOUTH) LIMITED controlled via 2 hops · every link ≥75% | 75–100% | £2m | £875,797 | 0 |
| EQUITIX KESSINGLAND LIMITED controlled directly · every link ≥75% | 75–100% | £2m | £747,502 | 0 |
How this is built — and its limits
- Control, not ownership. PSC filings disclose significant control (≥25% shares/votes, board rights, significant influence) — not economic ownership. We never assert a cap table.
- "PSC control" is a band, not an exact stake. Companies House discloses control only in ranges (25–50%, 50–75%, 75–100%), and we show the stronger of the share or voting band on the holding's nearest disclosed edge — the firm's own stake for directly-held companies, the immediate intermediate's for those held through a chain. A band below 50% (or a blank —) here means control rests on board-appointment rights or significant influence rather than a majority shareholding — common in PE structures.
- Every holding is chain-verified. The line under each company ("controlled via N hops · every link ≥X%") is the shortest PSC control chain we found from Equitix's vehicles down to it — each hop a real public ownership disclosure. Where a company is also controlled by another tracked firm, that's flagged inline.
- Full accounts, not apportioned. A controlled company's figures are counted in full, not scaled by stake. A jointly-controlled asset counts fully under each controller.
- No double-counting. Where a consolidated parent and its subsidiaries both file, only the topmost is counted.
- Coverage is a floor. Only 71 of 604 majority-controlled companies file detailed accounts in our enriched set, so totals understate the true portfolio.
- UK-visible only. Chains that exit to Jersey, Guernsey or other registries terminate there — we can't follow beyond the UK.