NORTH DOWN GRAIN LIMITED

📈Growthactive
NI017660 · ltd · incorporated 1984-07-04
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 10611SIC 10611
Investor take
Pursue
Leverage-led grower with a 74-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 41.5y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 41.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

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

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
108 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
Profitable
Profit before tax £460,217

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Profit before tax£460.2k£353.2k
Average employees52005200

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
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-08-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2025-08-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-07-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-07-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-07-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-07-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2021-08-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2020-08-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2019-07-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2018-04-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2017-07-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2017-06-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-06-22
    🔓
    Charge satisfied #4
  14. 2016-03-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2015-07-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-07-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-03-01
    ➕
    DAVIDSON, Gary James appointed
    director
  18. 2009-10-02
    🔒
    Charge registered #2
    Lender: The Governor & Company of the Bank of Ireland
  19. 2009-05-21
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Ireland
  20. 2000-10-14
    ➕
    DAVIDSON, Philip Charles appointed
    director
  21. 1986-06-10
    🔒
    Charge registered #4
    Lender: Ulster Bank Limited
  22. 1984-12-03
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  23. 1984-07-04
    🏢
    Company incorporated
    As NORTH DOWN GRAIN LIMITED
  24. 1984-07-04
    ➕
    DAVIDSON, Roberta appointed
    secretary
  25. 1984-07-04
    ➕
    DAVIDSON, Charles appointed
    director
  26. 1984-07-04
    ➕
    DAVIDSON, Roberta appointed
    director

Owner dependency

73/100
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 42 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 42 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 42 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gary James Davidson
Individual · British · DOB 12/1977 · age 49
25–50%
—25-50% shares21/07/2024
Mr Philip Charles Davidson
Individual · British · DOB 12/1975 · age 51
25–50%
—25-50% shares21/07/2024
Mr Charles Davidson
Individual · British · DOB 05/1952 · age 74
25–50%
—sig. influence25-50% shares · significant influence20/07/2016

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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——3006y8470y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1984-07-04
Jurisdictionnorthern-ireland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

16 Tullykevin Road
Greyabbey
Newtownards
Co Down
BT22 2NB

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-08-03
Last: 2025-07-20

Officers (5 active · 0 resigned)

DAVIDSON, Roberta→
secretary · appointed 1984-07-04
View their other companies + combined net worth →
Active
DAVIDSON, Charles→
director · ~74y · appointed 1984-07-04
View their other companies + combined net worth →
Active
DAVIDSON, Gary James→
director · ~49y · appointed 2011-03-01
View their other companies + combined net worth →
Active
DAVIDSON, Philip Charles→
director · ~51y · appointed 2000-10-14
View their other companies + combined net worth →
Active
DAVIDSON, Roberta→
director · ~74y · appointed 1984-07-04
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
3
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
The Governor & Company of the Bank of Ireland
Debenture1 property02/10/2009—
outstanding
The Governor and Company of the Bank of Ireland
Mortgage or charge1 property21/05/2009—
satisfied
NatWest Group
Ulster Bank Limited
Deed of charge2 properties10/06/198622/06/2017
outstanding
NatWest Group
Ulster Bank Limited
Debenture1 property03/12/1984—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-19
accounts-with-accounts-type-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-31
accounts-with-accounts-type-full
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-full
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-17
accounts-with-accounts-type-full
accounts · AA
2021-08-11
accounts-with-accounts-type-full
accounts · AA
2020-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-30