ARGYLE BUSINESS CENTRE

🌳Matureactive

NI024698 · private-limited-guarant-nsc-limited-exemption · incorporated 1990-08-03

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

74/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. 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 (45/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 32.1y

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 32.1 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: medium (73/100)

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

33 officers (10 active, 33 linked, 30 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

5 connected companies via shared directors

Filing history

161 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2024-12-31	2023-12-31
Average employees	5	500

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (84 events)Click to expand

2025-10-20
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-19
➖
MANWARING, Michelle resigned
director
2025-09-19
➖
REYNOLDS, Stephen Alexander Samuel, Pastor resigned
director
2025-09-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-30
➕
DAVISON, Rowan John appointed
director
2025-07-30
➕
JOHNSTON, Amanda appointed
director
2024-08-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
➕
MCALLISTER, William Gary appointed
director
2024-01-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-07-24
➖
SIMS, David Gerard resigned
director
2023-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
➖
SIMPSON, John resigned
director
2022-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-10-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-10-21
➖
BLOOD, May, Baroness resigned
director
2022-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-17
➕
BYRNE, Lisa Rachel appointed
director
2022-06-17
➕
MANWARING, Michelle appointed
director
2022-06-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-10
➖
CARVILL, James resigned
director
2021-07-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-09
➕
REYNOLDS, Stephen Alexander Samuel, Pastor appointed
director
2021-04-07
🔒
Charge registered #5
Lender: The Executive Office
2020-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-06
➕
KINGSTON, Brian Lambert appointed
secretary
2020-03-06
➖
CARVILL, James resigned
secretary
2019-07-05
➖
MC BRIDE, Drennan resigned
director
2019-04-04
🔓
Charge satisfied #1
2019-03-14
🔓
Charge satisfied #4
2017-08-23
➕
EMPEY, Reg Norman Morgan, Lord appointed
director
2017-07-31
➕
HAMILL, Mary appointed
director
2017-03-27
➖
HAMILL M.B.I.M. M.I.P.S., John Andrew resigned
director
2017-03-23
➕
ELLISON, William appointed
director
2016-03-07
➖
BROTHERSTON, Mark, Dr resigned
director
2016-03-07
➖
MANWARING, William Joseph resigned
director
2016-03-07
➖
MCSTRAVICK, Leah resigned
director
2015-02-19
➕
BLOOD, May, Baroness appointed
director
2015-02-18
➕
MULLAN, James Peter Alexander appointed
director
2014-05-12
➖
SMYTH, Hugh, Rt Hon The Lord Mayor resigned
director
2012-04-02
➕
SIMS, David Gerard appointed
director
2011-09-01
➕
MANWARING, William Joseph appointed
director

Showing most recent 50 of 84 events

Owner dependency

55/100

Moderate — manageable with handover

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

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MANWARING, Michelle resigned 2025-09-19; REYNOLDS, Stephen Alexander Samuel, Pastor resigned 2025-09-19

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.

🔒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 · Trade services · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ASCOT SIGNS LTD→ NI616201 · est 2013	£17.14M £12.85M–£21.42M	£18.46M	—	9000	13y	93	66y
CALVERT OFFICE EQUIPMENT LIMITED→ NI006103 · est 1964	£8.84M £6.63M–£11.04M	£11.08M	—	4500	61y	87	61y
MCELMEEL MOBILITY SERVICES LIMITED→ NI031911 · est 1997	£5.01M £3.75M–£6.26M	£20.88M	—	7900	29y	95	75y
BELFAST EDUCATIONAL SERVICES (STRABANE) HOLDINGS LIMITED→ NI057726 · est 2006	£2.32M £1.74M–£2.90M	—	—	0	20y	85	61y
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BELFAST EDUCATIONAL SERVICES (DOWN & CONNOR) HOLDINGS LIMITED→ NI070500 · est 2008	£2.30M £1.72M–£2.87M	—	—	0	17y	85	61y
BELFAST EDUCATIONAL SERVICES (STRABANE) LIMITED→ NI057713 · est 2006	£2.23M £1.67M–£2.78M	—	—	0	20y	85	61y
BELFAST EDUCATIONAL SERVICES (DERRY) LIMITED→ NI070493 · est 2008	£2.09M £1.57M–£2.61M	—	—	0	17y	85	61y
BELFAST EDUCATIONAL SERVICES (DERRY) HOLDINGS LIMITED→ NI070498 · est 2008	£1.80M £1.35M–£2.25M	—	—	0	17y	85	61y
BELFAST EDUCATIONAL SERVICES (OMAGH) LIMITED→ NI042760 · est 2002	£1.76M £1.32M–£2.20M	—	—	0	24y	85	61y
BELFAST EDUCATIONAL SERVICES (OMAGH) HOLDINGS LIMITED→ NI042770 · est 2002	£1.62M £1.22M–£2.03M	—	—	0	24y	85	61y
BELFAST EDUCATIONAL SERVICES (HOLDINGS) LIMITED→ NI038642 · est 2000	£1.60M £1.20M–£2.00M	—	—	0	26y	84	61y

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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1990-08-03

Jurisdictionnorthern-ireland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

39 North Howard Street

Belfast

BT13 2AP

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-04

Last: 2025-07-21