MALLAGHAN ENGINEERING LIMITED

🌳Matureactive

NI020042 · ltd · incorporated 1986-12-12

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 28220

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

16 live charges · 10 lenders · oldest 34.8y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 34.8 years old — likely at or near maturity.
· 10 lenders named — inter-creditor friction likely.
· Legal-friction score 55/100 (high).

Data confidence

Overall: medium (58/100)

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

No iXBRL financials extracted

Lenders & charges

16 charges (16/16 with lender, 16/16 with type)

Directors & officers

15 officers (7 active, 15 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

4 connected companies via shared directors

Filing history

144 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (65 events)Click to expand

2025-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2024-09-26
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-03
📄
auditors-resignation-company
auditors · AUD
2023-10-16
📄
accounts-with-accounts-type-full
accounts · AA
2022-11-07
📄
accounts-with-accounts-type-full
accounts · AA
2022-04-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-01-13
➕
MCKENNA, Melissa appointed
director
2021-10-04
📄
accounts-with-accounts-type-full
accounts · AA
2021-07-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-22
🔒
Charge registered #17
Lender: Northern Bank Limited
2021-07-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-06-30
➖
O'CALLAGHAN, Gerard Austin resigned
director
2021-06-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-28
🔒
Charge registered #16
Lender: Hsbc UK Bank PLC
2020-12-01
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-12-01
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-12-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-10-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-10-28
🔓
Charge satisfied #9
2020-10-05
📄
accounts-with-accounts-type-full
accounts · AA
2020-07-22
📄
change-person-director-company-with-change-date
officers · CH01
2020-07-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-10-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-01
➕
O'CALLAGHAN, Gerard Austin appointed
director
2019-02-27
🔒
Charge registered #15
Lender: Hsbc UK Bank PLC
2019-02-27
🔒
Charge registered #14
Lender: Hsbc UK Bank PLC
2019-02-27
🔒
Charge registered #13
Lender: Hsbc UK Bank PLC
2019-02-11
➖
MCKENNA, Kiera resigned
director
2019-01-30
➖
O'HANLON, Martin resigned
director
2019-01-29
➖
CASSIDY, Gregory resigned
director
2017-08-01
➕
O'HANLON, Martin appointed
director
2016-01-04
➕
CASSIDY, Gregory appointed
director
2015-10-19
➖
MULLEN, Gregory resigned
director
2015-05-27
➕
CAMERON, John appointed
director
2015-05-27
➕
MCKENNA, Kiera appointed
director
2014-04-03
🔒
Charge registered #12
Lender: Hsbc Bank PLC
2014-03-14
🔓
Charge satisfied #5
2014-03-05
🔓
Charge satisfied #6
2012-11-23
➖
COFFEY, Christopher Joseph resigned
director
2012-05-11
🔓
Charge satisfied #8
2011-12-14
🔓
Charge satisfied #2
2011-01-17
➕
KELLY, Donal appointed
director
2011-01-17
➕
MC KENNA, Eoghan appointed
director
2011-01-17
➕
COFFEY, Christopher Joseph appointed
director
2011-01-17
➕
MULLEN, Gregory appointed
director
2007-09-17
🔒
Charge registered #9
Lender: Dungannon & South Tyrone Borough Council
2007-03-02
🔒
Charge registered #8
Lender: The Governor and Company of the Bank of Ireland
2003-09-25
➕
MALLAGHAN, Niall appointed
director
2003-09-25
➕
MALLAGHAN, Ronan appointed
director
2003-09-25
➖
MALLAGHAN, Bridget resigned
director

Showing most recent 50 of 65 events

Owner dependency

81/100

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

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "MALLAGHAN" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 39 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 · 1 low

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.

9 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Mallaghan Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Mallaghan Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

MALLAGHAN ENGINEERING LIMITED

This company · NI020042

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mallaghan Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control · firm interest	01/12/2020

2 historic (ceased) PSCs

Mr Ronan Mallaghanceased 01/12/2020· 50-75% shares
Mr Niall Mallaghanceased 01/12/2020· 25-50% shares

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 →

Similar companies

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NICOBRAND LIMITED→ NI033276 · est 1997	£92.22M £71.73M–£112.72M	—	—	6500	28y	85	58y
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CROSSLAND TANKERS LIMITED→ NI018916 · est 1985	£7.56M £5.88M–£9.24M	£23.91M	—	13200	40y	87	67y
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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.

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Company details

Statusactive

Typeltd

Incorporated1986-12-12

Jurisdictionnorthern-ireland

Primary SIC28220 — SIC 28220

Registered office

69 Coalisland Road

Dungannon

Co Tyrone

BT71 6LA

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-04-12

Last: 2026-03-29