AKON DEVELOPMENTS LIMITED

🌳Matureactive
NI028849 · ltd · incorporated 1994-10-12
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 30.3y old — refinance window within 12 months
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 Nov 2024
Net worth
£22.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 68-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 30.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 30.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (71/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £22,527

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£23k
~ YoY
Current Assets
—
Current Liabilities
—
£0£5k£9k£14k£18k£23kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£22.5k£22.5k
Net assets£22.5k£22.5k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-08-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-08-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-08-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-08-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2014-10-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-04-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 1996-02-08
    🔒
    Charge registered #1
    Lender: Ulster Bank LTD
  16. 1994-10-12
    🏢
    Company incorporated
    As AKON DEVELOPMENTS LIMITED
  17. 1994-10-12
    ➕
    O'NEILL, Kevin appointed
    secretary
  18. 1994-10-12
    ➕
    O'NEILL, Adrian appointed
    director
  19. 1994-10-12
    ➕
    O'NEILL, Kevin appointed
    director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1994-10-12
Jurisdictionnorthern-ireland
Primary SIC74990 — Non-trading company

Registered office

93 Tummery Road
Dromore
Co Tyrone
BT78 3LJ

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02

Officers (3 active · 0 resigned)

O'NEILL, Kevin→
secretary · appointed 1994-10-12
View their other companies + combined net worth →
Active
O'NEILL, Adrian→
director · ~61y · appointed 1994-10-12
View their other companies + combined net worth →
Active
O'NEILL, Kevin→
director · ~68y · appointed 1994-10-12
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank LTD
Mortgage or charge1 property08/02/1996—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-03
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-23