BUILDING PROTECTION SYSTEMS (NI) LIMITED
💤Zombieactive
NI015190 · ltd · incorporated 1981-10-19
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 Sept 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 46520
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
15 live charges · 11 lenders · oldest 42.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 42.9 years old — likely at or near maturity.
- · 11 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
159 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 3400 | 3300 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (60 events)Click to expand
- 2025-06-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-27📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-09-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-09-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-09-29🔓Charge satisfied #14
- 2021-09-29🔓Charge satisfied #13
- 2021-09-29🔓Charge satisfied #12
- 2021-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-27🔒Charge registered #15Lender: Close Brothers Limited (The “Security Trustee”)
- 2021-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-11📄memorandum-articlesincorporation · MA
- 2021-03-11📄resolutionresolution · RESOLUTIONS
- 2021-03-10📄capital-allotment-sharescapital · SH01
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-05📄change-person-secretary-company-with-change-dateofficers · CH03
- 2016-12-02🔒Charge registered #14Lender: Aib Group (UK) PLC
- 2015-04-10➖GILLESPIE, Mark resigneddirector
- 2014-03-11🔓Charge satisfied #5
- 2014-03-11🔓Charge satisfied #4
- 2014-01-02🔒Charge registered #13Lender: Aib Group (UK) PLC T/a First Trust Bank
- 2013-09-09🔒Charge registered #12Lender: Aib Group (UK) PLC
- 2006-06-02🔓Charge satisfied #3
- 2006-06-02🔓Charge satisfied #1
- 2003-07-28🔓Charge satisfied #11
- 2003-07-28🔓Charge satisfied #10
- 2003-07-28🔓Charge satisfied #9
- 2003-07-28🔓Charge satisfied #7
- 2003-02-08🔓Charge satisfied #8
- 2003-01-23🔓Charge satisfied #2
- 2002-11-21➖CUNNINGHAM, Philip resigneddirector
- 2002-11-21➖MC COMBE, David resigneddirector
- 2002-11-21➖STONE, Helen Wilson resigneddirector
- 2002-11-21🔒Charge registered #5Lender: Northern Bank LTD
- 2002-11-21🔒Charge registered #4Lender: Northern Bank LTD
- 2002-11-21🔒Charge registered #3Lender: Phillip Cunningham
- 2000-08-16🔒Charge registered #2Lender: Bank of Ireland
- 1999-11-30➖MCCONKEY, David George resigneddirector
- 1999-11-01➕ADAMS, George David Calvin appointeddirector
- 1999-04-01➕MCCONKEY, David George appointeddirector
- 1999-04-01➕STONE, Helen Wilson appointeddirector
- 1993-07-14🔒Charge registered #11Lender: The Governor & Company of the Bank of Ireland
- 1992-04-24🔒Charge registered #10Lender: The Governor & Company of the Bank of Ireland
- 1991-12-04🔒Charge registered #9Lender: The Governor and Company of the Bank of Ireland T/a International Factors
Showing most recent 50 of 60 events
Owner dependency
93/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 45 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr George David Calvin Adams Individual · British · DOB 04/1965 · age 61 | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J P TRAILERS LIMITED→ NI641410 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| JPOOII LTD→ NI725253 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JULUM TRADING LTD→ NI696712 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KATCO LTD→ NI702705 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KATECAM LTD→ NI720404 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| KBC FOOD SERVICE LTD→ NI607779 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| KEG VAULT LTD→ NI728072 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| KELLS AUTO PAINT & SUPPLIES LIMITED→ NI696940 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KENNEDY & MORRISON LIMITED→ R0000458 · est 1909 · no financials extracted | — | — | — | — | 116y | — | — |
| KESTUTIS KVIETKAUSKAS LIMITED→ NI691692 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KITTEN LEAF FRIENDS LTD→ NI735235 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KLAUS BERGHAUS LIMITED→ NI694692 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated1981-10-19
Jurisdictionnorthern-ireland
Primary SIC46520 — SIC 46520
Registered office
1 Pilots View
Heron Road
Sydenham Business Park
Belfast
BT3 9LE
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (2 active · 5 resigned)
ADAMS, George David Calvin→
Activesecretary · appointed 1981-10-19
View their other companies + combined net worth →
ADAMS, George David Calvin→
Activedirector · ~61y · appointed 1999-11-01
View their other companies + combined net worth →
CUNNINGHAM, Philip→
Resigneddirector · ~72y · appointed 1981-10-19 · resigned 2002-11-21
GILLESPIE, Mark→
Resigneddirector · ~61y · appointed 1981-10-19 · resigned 2015-04-10
MC COMBE, David→
Resigneddirector · ~68y · appointed 1981-10-19 · resigned 2002-11-21
MCCONKEY, David George→
Resigneddirector · ~56y · appointed 1999-04-01 · resigned 1999-11-30
STONE, Helen Wilson→
Resigneddirector · ~56y · appointed 1999-04-01 · resigned 2002-11-21
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
1
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 27/08/2021 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 02/12/2016 | 29/09/2021 | |
| satisfied | Aib Group (UK) T/a First Trust Bank Aib Group (UK) PLC T/a First Trust Bank | A registered charge | 1 property | 02/01/2014 | 29/09/2021 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 09/09/2013 | 29/09/2021 | |
| satisfied | Northern Bank Northern Bank LTD | Mortgage or charge | 1 property | 21/11/2002 | 11/03/2014 | |
| satisfied | Northern Bank Northern Bank LTD | Mortgage or charge | 1 property | 21/11/2002 | 11/03/2014 | |
| satisfied | Phillip Cunningham | Mortgage or charge | 1 property | 21/11/2002 | 02/06/2006 | |
| satisfied | Bank of Ireland | Mortgage or charge | 1 property | 16/08/2000 | 23/01/2003 | |
| satisfied | The Governor & Company of the Bank of Ireland | Assignment of life policy | 1 property | 14/07/1993 | 28/07/2003 | |
| satisfied | The Governor & Company of the Bank of Ireland | Mortgage | 1 property | 24/04/1992 | 28/07/2003 | |
| satisfied | The Governor and Company of the Bank of Ireland T/a International Factors | Debenture | 1 property | 04/12/1991 | 28/07/2003 | |
| satisfied | The Governor & Company of the Bank of Ireland | Debenture | 1 property | 10/08/1987 | 08/02/2003 | |
| satisfied | The Governor and Company of the Bank of Ireland | Deed of assignment | 1 property | 10/08/1987 | 02/06/2006 | |
| satisfied | International Factors (N.I) . International Factors (N.I) Limited. | Debenture | 1 property | 31/12/1986 | 28/07/2003 | |
| satisfied | NatWest Group Ulster Bank Limited | Debenture | 1 property | 06/07/1983 | 12/09/1988 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (159 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
change-person-director-company-with-change-date
officers · CH01
2024-09-27
change-person-secretary-company-with-change-date
officers · CH03
2024-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-29
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-29