LAGAN SPECIALIST UTILITIES LIMITED

🌳Matureactive
NI022465 · ltd · incorporated 1989-03-15
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
—
year to Mar 2025
Net worth
£2.44M
book net assets
Opportunity
69/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 67/100. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 32.7y

15/100
under pressure

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

  • · Oldest live charge is 32.7 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (84/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
27 officers (4 active, 27 linked, 21 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
21 connected companies via shared directors
90
Filing history
190 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
51
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £2,435,058
Net assets shrinking
Down £1,089,141 YoY
Cash draining
Cash down 48% YoY
Cash YoY
-48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2.0m
↓ 48% YoY
Net Worth
£2.4m
↓ 31% YoY
Current Assets
£7.9m
↓ 32% YoY
Current Liabilities
—
£0£2.3m£4.7m£7.0m£9.3m£12mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£2.44M£3.64M
Current assets£7.94M£11.67M
Cash£1.95M£3.76M
Net assets£2.44M£3.52M

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

🔒Filing-note intelligence

4 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
12
filings
  • • 3 capital
  • • 3 officers
  • • 2 persons-with-significant-control
Last 180 days
13
filings
  • • 3 capital
  • • 3 officers
  • • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (82 events)Click to expand
  1. 2026-04-15
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2026-04-15
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  3. 2026-04-15
    📄
    legacy
    capital · SH20
  4. 2026-04-15
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  5. 2026-04-15
    ⚠️
    legacy
    insolvency · CAP-SS
  6. 2026-04-15
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2026-04-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2026-04-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2026-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2026-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2026-04-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2026-04-01
    ➕
    LOUGHLIN, Sean James appointed
    director
  13. 2026-04-01
    ➕
    O'NEILL, Peter appointed
    director
  14. 2026-04-01
    ➖
    MCALERNON, Darryl resigned
    director
  15. 2025-12-19
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  16. 2024-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2024-11-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-10-28
    ➖
    MCGILL, Niall Francis resigned
    director
  19. 2023-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2023-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2023-02-01
    🔒
    Charge registered #7
    Lender: Northern Bank Limited
  22. 2023-01-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2023-01-01
    ➕
    MCALERNON, Darryl appointed
    director
  24. 2022-09-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2022-01-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  26. 2021-11-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  27. 2021-04-01
    ➕
    AGNEW, Dermott appointed
    secretary
  28. 2021-04-01
    ➖
    HARROWER-STEELE, Jill resigned
    secretary
  29. 2019-12-12
    🔒
    Charge registered #6
    Lender: Northern Bank Limited (Trading as Danske Bank)
  30. 2019-10-01
    ➕
    RAMSEY, David appointed
    director
  31. 2019-10-01
    ➖
    FLETCHER, Nicolas Andrew resigned
    director
  32. 2019-10-01
    ➕
    MCGILL, Niall Francis appointed
    director
  33. 2019-10-01
    ➖
    O'CALLAGHAN, Gerard Austin resigned
    director
  34. 2018-03-02
    ➕
    FLETCHER, Nicolas Andrew appointed
    director
  35. 2018-03-02
    ➖
    LAGAN, Kevin Anthony resigned
    director
  36. 2017-04-01
    ➕
    HARROWER-STEELE, Jill appointed
    secretary
  37. 2017-04-01
    ➖
    LOUGHRAN, Colin Gerard resigned
    director
  38. 2017-04-01
    ➕
    O'CALLAGHAN, Gerard Austin appointed
    director
  39. 2014-11-06
    ➕
    LAGAN, Kevin Anthony appointed
    director
  40. 2014-11-06
    ➖
    LAGAN, Michael Anthony resigned
    director
  41. 2013-10-08
    ➖
    ABBI, Guy resigned
    secretary
  42. 2011-12-05
    ➕
    ABBI, Guy appointed
    secretary
  43. 2011-12-05
    ➖
    MARTIN, Scott James resigned
    secretary
  44. 2010-09-01
    ➖
    CANAVAN, Declan Vincent resigned
    secretary
  45. 2010-09-01
    ➕
    MARTIN, Scott James appointed
    secretary
  46. 2010-09-01
    ➖
    JENKINS, Charles Gerard resigned
    director
  47. 2010-09-01
    ➖
    LAGAN, John Patrick Kevin resigned
    director
  48. 2010-09-01
    ➕
    LOUGHRAN, Colin Gerard appointed
    director
  49. 2010-09-01
    🔒
    Charge registered #3
    Lender: Northern Bank Limited
  50. 2008-05-06
    ➕
    CANAVAN, Declan Vincent appointed
    secretary
Showing most recent 50 of 82 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.

Red flags

1 high · 2 med ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-04-15: legacy

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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-04-15: certificate-change-of-name-company

Group structure

Lagan Operations And Maintenance Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Lagan Operations And Maintenance Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
LAGAN SPECIALIST UTILITIES LIMITED
This company · NI022465

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%
NameSharesVoting rightsNature of controlNotified
Lagan Operations And Maintenance Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control31/03/2026
3 historic (ceased) PSCs
  • Charles Brand Group Limitedceased 31/03/2026· 75-100% shares
  • Lagan Specialist Contracting Group Holdings Limitedceased 22/03/2020· 75-100% shares
  • Lagan Construction Group Limitedceased 01/05/2018· 75-100% 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

Active · Construction · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BSG CIVIL ENGINEERING LIMITED→
NI021016 · est 1987
£25.64M
£18.31M–£32.96M
£36.49M—870038y8573y
E.J.C. CONTRACTS LTD→
NI045412 · est 2003
£24.32M
£17.37M–£31.26M
£30.79M—660023y9054y
PETER MCCORMACK & SONS LIMITED→
NI038813 · est 2000
£16.43M
£11.74M–£21.13M
——220025y8560y
P MCVEY BUILDING SYSTEMS LTD→
NI634141 · est 2015
£14.13M
£10.09M–£18.17M
£24.15M—540010y9066y
M.J. MCBRIDE CONSTRUCTION LTD→
NI066620 · est 2007
£14.06M
£10.04M–£18.07M
£19.82M—150018y8777y
SOUTH BANK SQUARE LTD→
NI605444 · est 2010
£12.16M
£8.69M–£15.64M
£13.65M—40015y8673y
D B BUILDING CONTRACTS LTD→
NI045897 · est 2003
£8.19M
£5.85M–£10.53M
——4823y8460y
J. H. TURKINGTON & SONS LIMITED→
NI018132 · est 1985
£7.97M
£5.69M–£10.25M
——800041y8472y
P MCK LTD→
NI062901 · est 2007
£7.58M
£5.42M–£9.75M
£16.85M—510019y8771y
CORICK INVESTMENTS LIMITED→
NI025056 · est 1990
£6.35M
£4.54M–£8.16M
——035y9269y
BAYVIEW CONTRACTS LTD→
NI041488 · est 2001
£4.57M
£3.26M–£5.87M
£24.46M—1790024y8761y
ADSTON (UK) LIMITED→
NI605512 · est 2010
£4.00M
£2.86M–£5.15M
£11.40M—110015y10079y
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
Incorporated1989-03-15
Jurisdictionnorthern-ireland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Rosemount House
21-23 Sydenham Road
Belfast
BT3 9HA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-27
Last: 2026-04-13

Officers (4 active · 23 resigned)

AGNEW, Dermott→
secretary · appointed 2021-04-01
View their other companies + combined net worth →
Active
LOUGHLIN, Sean James→
director · ~61y · appointed 2026-04-01
View their other companies + combined net worth →
Active
O'NEILL, Peter→
director · ~48y · appointed 2026-04-01
View their other companies + combined net worth →
Active
RAMSEY, David→
director · ~39y · appointed 2019-10-01
View their other companies + combined net worth →
Active
ABBI, Guy→
secretary · appointed 2011-12-05 · resigned 2013-10-08
Resigned
CANAVAN, Declan Vincent→
secretary · appointed 2008-05-06 · resigned 2010-09-01
Resigned
HARROWER-STEELE, Jill→
secretary · appointed 2017-04-01 · resigned 2021-04-01
Resigned
JENKINS, Charles Gerard→
secretary · appointed 1989-03-15 · resigned 2008-05-06
Resigned
MARTIN, Scott James→
secretary · appointed 2010-09-01 · resigned 2011-12-05
Resigned
CAREY, John Charles→
director · ~69y · appointed 1989-03-15 · resigned 2000-01-14
Resigned
CRAWLEY, John→
director · ~65y · appointed 1998-11-02 · resigned 1961-08-23
Resigned
EVANS, Peter John→
director · ~67y · appointed 1989-03-15 · resigned 2007-07-31
Resigned
FLETCHER, Nicholas→
director · ~62y · appointed 2001-04-01 · resigned 2007-01-19
Resigned
FLETCHER, Nicolas Andrew→
director · ~62y · appointed 2018-03-02 · resigned 2019-10-01
Resigned
GLEESON, Frank→
director · ~74y · appointed 1989-03-15 · resigned 2006-02-28
Resigned
JENKINS, Charles Gerard→
director · ~85y · appointed 1989-03-15 · resigned 2010-09-01
Resigned
KELLY, Mark Francis→
director · ~60y · appointed 1998-11-02 · resigned 1999-10-29
Resigned
LAGAN, John Patrick Kevin→
director · ~76y · appointed 1989-03-15 · resigned 2010-09-01
Resigned
LAGAN, Kevin Anthony→
director · ~44y · appointed 2014-11-06 · resigned 2018-03-02
Resigned
LAGAN, Michael Anthony→
director · ~71y · appointed 1989-03-15 · resigned 2014-11-06
Resigned

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

Mortgages & charges

7
Total charges
3
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Northern Bank
Northern Bank Limited
A registered charge—01/02/2023—
outstanding
Northern Bank (Trading as Danske Bank)
Northern Bank Limited (Trading as Danske Bank)
A registered charge—12/12/2019—
outstanding
Northern Bank
Northern Bank Limited
Debenture2 properties01/09/2010—
satisfied
Whitemountain (Construction)
Whitemountain (Construction) Limited
Debenture1 property19/01/199419/03/1997
satisfied
Whitemountain
Mortgage or charge1 property19/01/199414/03/1997
satisfied
Rotary Group
Rotary Group Limited
Debenture1 property29/09/199301/02/1994
satisfied
Rotary Group
Rotary Group Limited
Mortgage or charge1 property29/09/199319/01/1994
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (190 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-04-15
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-04-15
legacy
capital · SH20
2026-04-15
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-04-15
legacy
insolvency · CAP-SS
2026-04-15
resolution
resolution · RESOLUTIONS
2026-04-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-13
appoint-person-director-company-with-name-date
officers · AP01
2026-04-08
appoint-person-director-company-with-name-date
officers · AP01
2026-04-08
termination-director-company-with-name-termination-date
officers · TM01
2026-04-08
accounts-with-accounts-type-medium
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-full
accounts · AA
2024-12-20