---
title: "TFP TELECOMS 2 LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/ef283f65-65bf-5278-aac9-dce287bfe2c1
json: https://whiteintel.dev/api/public/dossier/ef283f65-65bf-5278-aac9-dce287bfe2c1
identifier: oo:GB-COH-15408296
jurisdiction: GB
risk: Low
source: WhiteIntel corporate-ownership graph
---

# TFP TELECOMS 2 LIMITED

**Type:** Company  
**Jurisdiction:** GB  
**Identifier:** `oo:GB-COH-15408296`  
**Risk level:** Low  
**Canonical dossier:** https://whiteintel.dev/entity/ef283f65-65bf-5278-aac9-dce287bfe2c1  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/ef283f65-65bf-5278-aac9-dce287bfe2c1  

## Ownership & control

### Owners / controllers

- **TALKTALK TELECOM LIMITED** (beneficial owner) — 100% — https://whiteintel.dev/entity/1ce31d29-0c3f-5aa1-8fd7-7311bd9ce318
- **Sir Charles William Dunstone** (beneficial owner) — 50% — https://whiteintel.dev/entity/c39cdeb2-15b7-52e7-94b7-4812bd19668a
- **Sir Charles William Dunstone** (beneficial owner) — 37.5% — https://whiteintel.dev/entity/48230315-17e8-43a2-9a6d-0dd8cb1c0b58
- **TALKTALK TELECOM LIMITED** (beneficial owner) — 87.5% — https://whiteintel.dev/entity/1ce31d29-0c3f-5aa1-8fd7-7311bd9ce318

### UBO chain (walk to the ultimate owner)

1. **TALKTALK TELECOM LIMITED** — beneficial owner 100% → *TFP TELECOMS 2 LIMITED*
1. **Sir Charles William Dunstone** — beneficial owner 50% → *TFP TELECOMS 2 LIMITED*
1. **Sir Charles William Dunstone** — beneficial owner 37.5% → *TFP TELECOMS 2 LIMITED*
1. **TALKTALK TELECOM LIMITED** — beneficial owner 87.5% → *TFP TELECOMS 2 LIMITED*
2. **TALKTALK TELECOM GROUP LIMITED** — beneficial owner 100% → *TALKTALK TELECOM LIMITED*
2. **TALKTALK GROUP LIMITED** — beneficial owner 100% → *TALKTALK TELECOM LIMITED*
2. **TALKTALK TELECOM HOLDINGS LIMITED** — beneficial owner 100% → *TALKTALK TELECOM LIMITED*
2. **Talktalk Group Limited** — beneficial owner 87.5% → *TALKTALK TELECOM LIMITED*
2. **TALKTALK TELECOM HOLDINGS LIMITED** — beneficial owner 87.5% → *TALKTALK TELECOM LIMITED*
2. **TALKTALK TELECOM GROUP LIMITED** — beneficial owner 87.5% → *TALKTALK TELECOM LIMITED*
3. **TALKTALK HOLDINGS LIMITED** — beneficial owner 100% → *TALKTALK TELECOM GROUP LIMITED*
3. **TALKTALK FINCO LIMITED** — beneficial owner 100% → *TALKTALK TELECOM GROUP LIMITED*
3. **TALKTALK FINCO LIMITED** — beneficial owner 87.5% → *TALKTALK TELECOM GROUP LIMITED*
3. **TALKTALK FINCO LIMITED** — beneficial owner 87.5% → *TALKTALK TELECOM GROUP LIMITED*
3. **TALKTALK HOLDINGS LIMITED** — beneficial owner 87.5% → *TALKTALK TELECOM GROUP LIMITED*
3. **Talktalk Telecom Group Plc** — beneficial owner 87.5% → *TALKTALK TELECOM HOLDINGS LIMITED*
3. **TALKTALK TELECOM HOLDINGS LIMITED** — beneficial owner 100% → *TALKTALK GROUP LIMITED*
3. **Talktalk Telecom Holdings Limited** — beneficial owner 87.5% → *TALKTALK GROUP LIMITED*
4. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 100% → *TALKTALK HOLDINGS LIMITED*
4. **HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED** — beneficial owner 50% → *TALKTALK HOLDINGS LIMITED*
4. **Sir Charles William Dunstone** — beneficial owner 50% → *TALKTALK HOLDINGS LIMITED*
4. **MORGAN STANLEY CLIENT SECURITIES NOMINEES LIMITED** — beneficial owner 50% → *TALKTALK HOLDINGS LIMITED*
4. **TRINITY DC GP LIMITED** — beneficial owner 100% → *TALKTALK HOLDINGS LIMITED*
4. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK HOLDINGS LIMITED*
4. **PENTA CAPITAL LLP** — beneficial owner → *TALKTALK HOLDINGS LIMITED*
4. **HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED** — beneficial owner 37.5% → *TALKTALK HOLDINGS LIMITED*
4. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK HOLDINGS LIMITED*
4. **PENTA INVESTMENTS GP LIMITED** — beneficial owner 87.5% → *TALKTALK HOLDINGS LIMITED*
4. **TOSCA PENTA IM INVESTMENTS LP** — beneficial owner 87.5% → *TALKTALK HOLDINGS LIMITED*
4. **MORGAN STANLEY CLIENT SECURITIES NOMINEES LIMITED** — beneficial owner 37.5% → *TALKTALK HOLDINGS LIMITED*
4. **Sir Charles William Dunstone** — beneficial owner → *TALKTALK HOLDINGS LIMITED*
4. **TRINITY DC GP LIMITED** — beneficial owner 87.5% → *TALKTALK HOLDINGS LIMITED*
4. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 87.5% → *TALKTALK HOLDINGS LIMITED*
4. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 100% → *TALKTALK FINCO LIMITED*
4. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK FINCO LIMITED*
4. **TALKTALK MIDCO LIMITED** — beneficial owner 100% → *TALKTALK FINCO LIMITED*
4. **TALKTALK HOLDINGS LIMITED** — beneficial owner 100% → *TALKTALK FINCO LIMITED*
4. **TALKTALK MIDCO LIMITED** — beneficial owner 87.5% → *TALKTALK FINCO LIMITED*
4. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 87.5% → *TALKTALK FINCO LIMITED*
4. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK FINCO LIMITED*
4. **TALKTALK HOLDINGS LIMITED** — beneficial owner 87.5% → *TALKTALK FINCO LIMITED*
4. **TOSCAFUND ASSET MANAGEMENT LLP** — beneficial owner → *TALKTALK FINCO LIMITED*
4. **PENTA CAPITAL LLP** — beneficial owner → *TALKTALK FINCO LIMITED*
5. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 100% → *TALKTALK MIDCO LIMITED*
5. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK MIDCO LIMITED*
5. **TALKTALK HOLDINGS LIMITED** — beneficial owner 100% → *TALKTALK MIDCO LIMITED*
5. **TOSCAFUND ASSET MANAGEMENT LLP** — beneficial owner → *TALKTALK MIDCO LIMITED*
5. **Mr Martin Brian Hughes** — beneficial owner → *TALKTALK MIDCO LIMITED*
5. **TALKTALK HOLDINGS LIMITED** — beneficial owner 87.5% → *TALKTALK MIDCO LIMITED*
5. **DM COMPANY SERVICES (LONDON) LIMITED** — beneficial owner 87.5% → *TALKTALK MIDCO LIMITED*
5. **PENTA CAPITAL LLP** — beneficial owner → *TALKTALK MIDCO LIMITED*
5. **ARES INITIAL LIMITED PARTNER LIMITED** — beneficial owner 50% → *TOSCA PENTA IM INVESTMENTS LP*
5. **ARES INITIAL LIMITED PARTNER LIMITED** — beneficial owner → *TOSCA PENTA IM INVESTMENTS LP*
5. **PENTA TPIM LLP** — beneficial owner → *TOSCA PENTA IM INVESTMENTS LP*
5. **MORGAN STANLEY & CO. INTERNATIONAL PLC** — parent → *MORGAN STANLEY CLIENT SECURITIES NOMINEES LIMITED*
5. **MORGAN STANLEY & CO. INTERNATIONAL PLC** — beneficial owner 100% → *MORGAN STANLEY CLIENT SECURITIES NOMINEES LIMITED*
5. **Morgan Stanley & Co. International Plc** — beneficial owner 87.5% → *MORGAN STANLEY CLIENT SECURITIES NOMINEES LIMITED*
5. **Mr Jordan Simpson** — beneficial owner 50% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Andrew David Nuthall** — beneficial owner → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Douglas Alexander Armstrong** — beneficial owner → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Martin James Mcnair** — beneficial owner 50% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Alastair Ronald Dickson** — beneficial owner 50% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Andrew David Nuthall** — beneficial owner → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Douglas Alexander Armstrong** — beneficial owner → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Jordan Simpson** — beneficial owner 37.5% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Martin James Mcnair** — beneficial owner 37.5% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Alastair Ronald Dickson** — beneficial owner 37.5% → *DM COMPANY SERVICES (LONDON) LIMITED*
5. **Mr Martin Brian Hughes** — beneficial owner 100% → *TRINITY DC GP LIMITED*
5. **TOSCA DEBT CAPITAL LLP** — beneficial owner 87.5% → *TRINITY DC GP LIMITED*
5. **Mr Martin Brian Hughes** — beneficial owner 87.5% → *TRINITY DC GP LIMITED*
5. **PENTA GP HOLDINGS LIMITED** — beneficial owner 87.5% → *PENTA INVESTMENTS GP LIMITED*
5. **Mr Martin Brian Hughes** — beneficial owner → *TOSCAFUND ASSET MANAGEMENT LLP*
5. **Toscafund Limited** — beneficial owner → *TOSCAFUND ASSET MANAGEMENT LLP*
5. **OLD OAK HOLDINGS LIMITED** — ultimate parent → *TOSCAFUND ASSET MANAGEMENT LLP*
5. **OLD OAK HOLDINGS LIMITED** — parent → *TOSCAFUND ASSET MANAGEMENT LLP*
5. **Hsbc Bank Plc** — beneficial owner 87.5% → *HSBC GLOBAL CUSTODY NOMINEE (UK) LIMITED*
5. **Mr Steven Scott** — beneficial owner 50% → *PENTA CAPITAL LLP*
5. **Mr Steven Scott** — beneficial owner → *PENTA CAPITAL LLP*
5. **TOSCA PENTA HOLDINGS LIMITED** — beneficial owner → *PENTA CAPITAL LLP*
6. **36 THE EMBANKMENT LIMITED** — beneficial owner 50% → *ARES INITIAL LIMITED PARTNER LIMITED*
6. **Ares Management, L.P.** — beneficial owner 37.5% → *ARES INITIAL LIMITED PARTNER LIMITED*
6. **Mr Martin Brian Hughes** — beneficial owner 87.5% → *TOSCA PENTA HOLDINGS LIMITED*
6. **Old Oak Holdings Limited** — beneficial owner 87.5% → *TOSCA PENTA HOLDINGS LIMITED*
6. **MORGAN STANLEY INVESTMENTS (UK)** — parent → *MORGAN STANLEY & CO. INTERNATIONAL PLC*
6. **PENTA FOUNDER LIMITED** — beneficial owner → *PENTA TPIM LLP*
6. **PENTA FOUNDER 2 LIMITED** — beneficial owner → *PENTA TPIM LLP*
6. **Mr Martin Brian Hughes** — beneficial owner 100% → *OLD OAK HOLDINGS LIMITED*
6. **Mr Martin Brian Hughes** — beneficial owner 87.5% → *OLD OAK HOLDINGS LIMITED*
6. **MORGAN STANLEY INVESTMENTS (UK)** — beneficial owner 100% → *MORGAN STANLEY & CO. INTERNATIONAL PLC*
6. **Morgan Stanley Investments (Uk)** — beneficial owner → *MORGAN STANLEY & CO. INTERNATIONAL PLC*
6. **PENTA CAPITAL LLP** — beneficial owner 87.5% → *PENTA GP HOLDINGS LIMITED*
6. **Mr Martin Brian Hughes** — beneficial owner → *TOSCA DEBT CAPITAL LLP*
6. **Gary Paul Davison** — beneficial owner → *TOSCA DEBT CAPITAL LLP*
6. **TRINITY DEBT HOLDINGS LIMITED** — beneficial owner → *TOSCA DEBT CAPITAL LLP*

## Company profile (live · UK Companies House)

- **Company number:** `15408296`
- **Status:** active
- **Type:** ltd
- **Incorporated:** 2024-01-12
- **Registered office:** Soapworks, Ordsall Lane, Salford, M5 3TT, England
- **SIC:** 61900

### Officers

- DAVIES, Henry Jonathan — director · British · appointed 2026-01-13
- DUNSTONE, Charles William, Sir — director · British · appointed 2024-01-12
- SMITH, James Donald — director · British · appointed 2024-12-19
- BATTY, Michael Robert — director · British · appointed 2024-04-30 · resigned 2024-12-19
- SCOTT, Steven — director · British · appointed 2024-01-12 · resigned 2024-12-19
- TAYLOR, Roger William — director · British · appointed 2024-01-12 · resigned 2024-01-25

### Beneficial owners (Persons with Significant Control)

- [Talktalk Telecom Limited](https://whiteintel.dev/entity/1ce31d29-0c3f-5aa1-8fd7-7311bd9ce318) — 75–100% shares · corporate PSC · United Kingdom — since 2024-12-19
- Sir Charles William Dunstone — 25–50% shares · individual PSC · England — ceased 2024-12-19

## Provenance

- OpenOwnership — https://find-and-update.company-information.service.gov.uk/company/15408296
- companies_house_bulk — https://find-and-update.company-information.service.gov.uk/company/15408296

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **TFP TELECOMS 2 LIMITED**. Human view: https://whiteintel.dev/entity/ef283f65-65bf-5278-aac9-dce287bfe2c1 · Structured JSON: https://whiteintel.dev/api/public/dossier/ef283f65-65bf-5278-aac9-dce287bfe2c1._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._