FLOURISH (LISBURN) LIMITED
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 69). 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 (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 34.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 3 mortgage
- • 1 change-of-name
Corporate timeline (33 events)Click to expand
- 2026-01-14✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-12-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-12-15🔓Charge satisfied #2
- 2025-12-15🔓Charge satisfied #1
- 2025-12-15🔓Charge satisfied #3
- 2025-06-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-09-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-09-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-06-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-09-09📄accounts-with-accounts-type-dormantaccounts · AA
- 2014-05-27➕WILLIAMSON, Heather appointedsecretary
- 2014-05-27➖WISEMAN, Nancy resignedsecretary
- 2009-09-04➖CROZIER, Eliza Adams resignedsecretary
- 2009-09-04➖CROZIER, David Marcus resigneddirector
- 2009-09-04➖CROZIER, Hazel Eliza resigneddirector
- 2009-09-01➕PITMAN, Philip John appointeddirector
- 2009-09-01➕WISEMAN, Nancy appointedsecretary
- 2005-07-28🔒Charge registered #2Lender: Aib Group (UK) PLC
- 2005-05-09➕CROZIER, Hazel Eliza appointeddirector
- 2000-06-01🔒Charge registered #1Lender: Ulster Factors LTD
- 1991-06-24🔒Charge registered #3Lender: Ulster Factors Limited
- 1991-05-28🏢Company incorporatedAs FLOURISH (LISBURN) LIMITED
- 1991-05-28➕CROZIER, Eliza Adams appointedsecretary
- 1991-05-28➕CROZIER, David Marcus appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 35 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
2 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-01-14: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Philip John Pitman Individual · British · DOB 04/1957 · age 69 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| AME (NI) LIMITED→ NI067369 · est 2007 | — | — | — | — | 18y | 83 | 70y |
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| CROMAC REGENERATION INITIATIVE C.I.C.→ NI604163 · est 2010 · no financials extracted | — | — | — | — | 15y | 83 | 67y |
| DENROY PLASTICS LIMITED→ NI012112 · est 1977 · no financials extracted | — | — | — | — | 48y | 83 | 77y |
| DROMBOUGHIL COMMUNITY ASSOCIATION→ NI047312 · est 2003 | — | — | — | 1 | 22y | 83 | 73y |
| FALLS COMMUNITY COUNCIL LIMITED→ NI041704 · est 2001 · no financials extracted | — | — | — | — | 24y | 83 | 81y |
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 →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
Registered office
Filing status
Officers (2 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Debenture | 1 property | 28/07/2005 | 15/12/2025 | |
| satisfied | Ulster Factors Ulster Factors LTD | Mortgage or charge | 1 property | 01/06/2000 | 15/12/2025 | |
| satisfied | Ulster Factors Ulster Factors Limited | Debenture | 1 property | 24/06/1991 | 15/12/2025 |