GP DEVELOPMENTS (NI) LLP

💤Zombieactive
NC000099 · llp · incorporated 2006-02-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
62/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 65/100. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 20.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 20.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
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 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees1100

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-03-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-09
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  7. 2023-05-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2023-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-02-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2022-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-04-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2019-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-03-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  16. 2019-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-12-20
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  18. 2018-04-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2017-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2017-03-28
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  21. 2017-03-27
    📄
    second-filing-of-annual-return-with-made-up-date
    document-replacement · RP04LLAR01
  22. 2017-03-27
    📄
    second-filing-of-member-appointment-with-name
    document-replacement · RP04LLAP01
  23. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  24. 2016-03-16
    📄
    annual-return-limited-liability-partnership-with-made-up-date
    annual-return · LLAR01
  25. 2016-01-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  26. 2015-11-03
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Ireland (As Security Trustee)
  27. 2015-10-07
    🔓
    Charge satisfied #2
  28. 2015-09-29
    🔓
    Charge satisfied #4
  29. 2015-07-09
    🔓
    Charge satisfied #5
  30. 2015-02-24
    ➕
    QUINN, Grainne appointed
    llp-designated-member
  31. 2008-02-22
    🔒
    Charge registered #5
    Lender: Ulster Bank Limited
  32. 2007-06-06
    🔓
    Charge satisfied #3
  33. 2006-10-20
    🔒
    Charge registered #4
    Lender: Ulster Bank Limited
  34. 2006-09-15
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  35. 2006-04-10
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  36. 2006-02-22
    ➕
    QUINN, Garrett Peter appointed
    llp-designated-member
  37. 2006-02-21
    🏢
    Company incorporated
    As GP DEVELOPMENTS (NI) LLP
  38. 2006-02-21
    ➕
    QUINN, Peadar Joseph appointed
    llp-designated-member
  39. 2006-02-21
    ➕
    QUINN, Philomena Mary appointed
    llp-designated-member
  40. 2006-02-21
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-llp-designated-member
  41. 2006-02-21
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-llp-designated-member
  42. 2006-02-21
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-llp-designated-member
  43. 2006-02-21
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

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

SIGNALS
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-07

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Garrett Quinn
Individual · Irish · DOB 05/1979 · age 47
—25–50%25-50% voting06/04/2016
Ms Grainne Quinn
Individual · Irish · DOB 12/1981 · age 45
—25–50%25-50% voting06/04/2016

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

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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
Typellp
Incorporated2006-02-21
Jurisdictionnorthern-ireland
Primary SIC—

Registered office

Howard House
30 Northland Row
Dungannon
Tyrone
BT71 6AP
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-07OVERDUE
Last: 2025-02-21

Officers (4 active · 2 resigned)

QUINN, Garrett Peter→
llp-designated-member · ~47y · appointed 2006-02-22
View their other companies + combined net worth →
Active
QUINN, Grainne→
llp-designated-member · ~45y · appointed 2015-02-24
View their other companies + combined net worth →
Active
QUINN, Peadar Joseph→
llp-designated-member · ~81y · appointed 2006-02-21
View their other companies + combined net worth →
Active
QUINN, Philomena Mary→
llp-designated-member · ~76y · appointed 2006-02-21
View their other companies + combined net worth →
Active
C.S. SECRETARIAL SERVICES LTD→
corporate-llp-designated-member · appointed 2006-02-21 · resigned 2006-02-21
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-llp-designated-member · appointed 2006-02-21 · resigned 2006-02-21
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland (As Security Trustee)
A registered charge1 property03/11/2015—
satisfied
NatWest Group
Ulster Bank Limited
Mortgage/charge1 property22/02/200809/07/2015
satisfied
NatWest Group
Ulster Bank Limited
Charge in duplicate1 property20/10/200629/09/2015
satisfied
NatWest Group
Ulster Bank Limited
Mortgage/charge in duplicate1 property15/09/200606/06/2007
satisfied
NatWest Group
Ulster Bank Limited
Legal charge1 property10/04/200607/10/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-02
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2023-05-09
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-06
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-04-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-31
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2019-03-05