GALAGATE DEVELOPMENTS LIMITED

🌳Matureactive
06487926 · ltd · incorporated 2008-01-29
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
—
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Turnover
—
year to Mar 2026
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 2.5y

15/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 2.5 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2026-03-312025-03-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-12-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-12-01
    🔒
    Charge registered #2
    Lender: North East Property LP Acting by Its General Partner
  7. 2023-12-01
    🔒
    Charge registered #1
    Lender: North East Property LP Acting by Its General Partner North East Property (Gp) Limited Acting by Fw Capital Limited
  8. 2023-10-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-04-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-03-20
    ➕
    MARTIN, Bruce John appointed
    director
  11. 2022-11-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2020-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-11-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2019-04-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-11-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-11-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2008-01-30
    ➖
    CREDITREFORM (SECRETARIES) LIMITED resigned
    corporate-secretary
  20. 2008-01-30
    ➖
    CREDITREFORM (DIRECTORS) LIMITED resigned
    corporate-director
  21. 2008-01-29
    🏢
    Company incorporated
    As GALAGATE DEVELOPMENTS LIMITED
  22. 2008-01-29
    ➕
    MARTIN, John Barr appointed
    secretary
  23. 2008-01-29
    ➕
    MARTIN, John Barr appointed
    director
  24. 2008-01-29
    ➕
    MARTIN, Sheena appointed
    director
  25. 2008-01-29
    ➕
    CREDITREFORM (SECRETARIES) LIMITED appointed
    corporate-secretary
  26. 2008-01-29
    ➕
    CREDITREFORM (DIRECTORS) LIMITED appointed
    corporate-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

43/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — MARTIN, Bruce John (same surname) appointed 2023-03-20. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Barr Martin
Individual · British · DOB 04/1945 · age 81
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒Advanced scoring suite

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

Statusactive
Typeltd
Incorporated2008-01-29
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

17 Walkergate
Berwick-Upon-Tweed
Northumberland
TD15 1DJ
United Kingdom

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (4 active · 2 resigned)

MARTIN, John Barr→
secretary · appointed 2008-01-29
View their other companies + combined net worth →
Active
MARTIN, Bruce John→
director · ~48y · appointed 2023-03-20
View their other companies + combined net worth →
Active
MARTIN, John Barr→
director · ~81y · appointed 2008-01-29
View their other companies + combined net worth →
Active
MARTIN, Sheena→
director · ~81y · appointed 2008-01-29
View their other companies + combined net worth →
Active
CREDITREFORM (SECRETARIES) LIMITED→
corporate-secretary · appointed 2008-01-29 · resigned 2008-01-30
Resigned
CREDITREFORM (DIRECTORS) LIMITED→
corporate-director · appointed 2008-01-29 · resigned 2008-01-30
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
North East Property LP Acting by Its General Partner / North East Property (Gp) Acting By / Fw Capital
North East Property LP Acting by Its General Partner / North East Property (Gp) Limited Acting By / Fw Capital Limited
A registered charge1 property01/12/2023—
outstanding
North East Property LP Acting by Its General Partner North East Property (Gp) Acting by Fw Capital
North East Property LP Acting by Its General Partner North East Property (Gp) Limited Acting by Fw Capital Limited
A registered charge2 properties01/12/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-13
appoint-person-director-company-with-name-date
officers · AP01
2023-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23