CATHERWOOD ESTATES (BELFAST) LIMITED

🌳Matureactive
NI005465 · ltd · incorporated 1963-01-21
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£361.5k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -94% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 23.6y

45/100
under pressure

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

  • · Oldest live charge is 23.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
132 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £361,547
Net assets shrinking
Down £79,124 YoY
Cash draining
Cash down 94% YoY
Cash YoY
-94%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 94% YoY
Net Worth
£362k
↓ 18% YoY
Current Assets
£23k
↓ 78% YoY
Current Liabilities
—
£0£88k£176k£264k£353k£441kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Total assets£361.5k£440.7k
Current assets£22.8k£101.3k
Cash£5.1k£83.8k
Debtors£17.6k£17.6k
Net assets£361.5k£440.7k

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2017-10-13
    🔓
    Charge satisfied #2
  13. 2017-01-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-01-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-09-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-01-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2006-07-03
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  18. 2002-12-05
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  19. 2002-12-02
    ➕
    HENDERSON, Shaun appointed
    director
  20. 2002-10-15
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  21. 2002-04-05
    ➕
    CLIFT, Deborah appointed
    director
  22. 2002-04-05
    ➕
    HENDERSON, Paul Terence appointed
    director
  23. 2002-04-05
    ➕
    JACKSON, Jill appointed
    director
  24. 2002-04-05
    ➖
    HENDERSON, Joan resigned
    director
  25. 2002-04-05
    ➖
    HENDERSON, Norman resigned
    director
  26. 1963-01-21
    🏢
    Company incorporated
    As CATHERWOOD ESTATES (BELFAST) LIMITED
  27. 1963-01-21
    ➕
    JACKSON, Jill appointed
    secretary
  28. 1963-01-21
    ➕
    HENDERSON, Joan appointed
    director
  29. 1963-01-21
    ➕
    HENDERSON, Norman appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 63 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
Mrs Jill Jackson
Individual · British · DOB 04/1962 · age 64
25–50%
—25-50% shares30/09/2016

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

6 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
Incorporated1963-01-21
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

16 Mealough Road
Carryduff
Belfast
BT8 8HP

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (5 active · 2 resigned)

JACKSON, Jill→
secretary · appointed 1963-01-21
View their other companies + combined net worth →
Active
CLIFT, Deborah→
director · ~61y · appointed 2002-04-05
View their other companies + combined net worth →
Active
HENDERSON, Paul Terence→
director · ~59y · appointed 2002-04-05
View their other companies + combined net worth →
Active
HENDERSON, Shaun→
director · ~57y · appointed 2002-12-02
View their other companies + combined net worth →
Active
JACKSON, Jill→
director · ~64y · appointed 2002-04-05
View their other companies + combined net worth →
Active
HENDERSON, Joan→
director · ~89y · appointed 1963-01-21 · resigned 2002-04-05
Resigned
HENDERSON, Norman→
director · ~90y · appointed 1963-01-21 · resigned 2002-04-05
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property03/07/2006—
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property05/12/200213/10/2017
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property15/10/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-02
change-person-director-company-with-change-date
officers · CH01
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-04