ARDS BUSINESS CENTRE LTD

🌳Matureactive

NI021680 · private-limited-guarant-nsc · incorporated 1988-06-20

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

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Letting and operating of conference and exhibition centres

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 74-year-old founder — textbook succession opportunity.

Opportunity 80/100 (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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 36.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 36.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

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

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

41 officers (10 active, 41 linked, 38 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

196 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

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

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (102 events)Click to expand

2025-09-25
➖
MCKENNA, Kieran resigned
director
2025-09-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-16
📄
accounts-with-accounts-type-small
accounts · AA
2024-10-18
📄
accounts-with-accounts-type-small
accounts · AA
2024-09-25
📄
change-person-director-company-with-change-date
officers · CH01
2024-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-02
➕
MCKENNA, Kieran appointed
director
2023-10-16
📄
accounts-with-accounts-type-small
accounts · AA
2023-08-22
➕
FARGHER, Sarah appointed
director
2023-08-22
➕
LESTAS, Michelle appointed
director
2023-08-22
➕
SPENCE, Kerry Alison appointed
director
2023-08-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-06-28
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-28
🔓
Charge satisfied #2
2022-12-30
📄
accounts-with-accounts-type-small
accounts · AA
2022-10-31
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-31
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-12-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-06
📄
accounts-with-accounts-type-full
accounts · AA
2021-10-01
➖
MCKAY, Janeen Rosemary resigned
director
2020-12-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-12-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-09
➖
MC DOWELL, Alan Joseph resigned
director
2020-06-30
➖
BURNSIDE, Alan resigned
director
2020-03-01
➖
MCILVEEN, Michelle Elizabeth resigned
director
2020-02-27
➕
GARDINER, Nicola appointed
director
2019-09-26
➕
MCKAY, Janeen Rosemary appointed
director
2019-06-01
➖
WORTHINGTON, Huw resigned
director
2018-08-31
➖
RITCHIE, John Alexander resigned
director
2018-04-01
➕
MCCLELLAND, Lydia Margaret appointed
director
2017-02-01
➕
WORTHINGTON, Huw appointed
director
2016-11-09
➖
DOYLE, Michael Brendan, Dr resigned
director
2016-10-19
➖
SMITH, John Bolton resigned
director
2016-05-26
➕
BURNSIDE, Alan appointed
director
2016-03-01
➕
ADAIR, Colin Trevor appointed
director
2015-01-16
➕
DOYLE, Michael Brendan, Dr appointed
director
2012-12-01
➖
TURTLE, William Brian resigned
director
2012-06-01
➖
MCBRIAR, Thomas James resigned
director
2012-03-01
➖
SMITH, David resigned
director
2011-09-30
➖
MCALISTER, William Roe resigned
director
2011-08-01
➕
INGHAM, Peter Geoffrey appointed
director
2010-09-30
➖
BROWN, William Price resigned
director
2010-05-27
➖
BURNSIDE, Alan resigned
director
2009-11-24
➕
SMITH, John Bolton appointed
director
2009-06-25
➕
TURTLE, William Brian appointed
director
2009-05-26
➖
THOMPSON, Glenn (John Mc Master Samuel Hugh) resigned
director

Showing most recent 50 of 102 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.

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 70+: Senior director is approximately 74 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
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

medium

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Lydia Margaret Mcclelland Individual · British · DOB 02/1978 · age 48	—	—	sig. influencesignificant influence · trust interest	29/06/2022

1 historic (ceased) PSC

Mr David John Blevingsceased 29/06/2022· significant influence · trust interest

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

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

Typeprivate-limited-guarant-nsc

Incorporated1988-06-20

Jurisdictionnorthern-ireland

Primary SIC68202 — Letting and operating of conference and exhibition centres

Registered office

Sketrick House

Jubilee Road

Newtownards

BT23 4YH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-14

Last: 2025-10-31