L.M.G. PROPERTIES LIMITED

💤Zombieactive
NI035356 · ltd · incorporated 1998-12-21
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-521.6k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

17 live charges · 3 lenders · oldest 26.6y

15/100
under pressure

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

  • · Oldest live charge is 26.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £521,583
Cash YoY
-11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£176
↓ 11% YoY
Net Worth
-£522k
~ YoY
Current Assets
£14k
~ YoY
Current Liabilities
—
-£522k-£415k-£307k-£200k-£93k£14kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£-521.6k£-516.8k
Current assets£13.7k£13.6k
Cash£176£197
Debtors£13.5k£13.4k
Net assets£-521.6k£-516.8k

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

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-01-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-01-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-01-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-12-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-01-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-12-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-04-05
    🔓
    Charge satisfied #14
  17. 2011-04-05
    🔓
    Charge satisfied #13
  18. 2011-04-05
    🔓
    Charge satisfied #12
  19. 2011-04-05
    🔓
    Charge satisfied #11
  20. 2011-04-05
    🔓
    Charge satisfied #10
  21. 2011-04-05
    🔓
    Charge satisfied #9
  22. 2011-04-05
    🔓
    Charge satisfied #8
  23. 2011-04-05
    🔓
    Charge satisfied #7
  24. 2011-04-05
    🔓
    Charge satisfied #6
  25. 2011-04-05
    🔓
    Charge satisfied #5
  26. 2011-04-05
    🔓
    Charge satisfied #4
  27. 2011-04-05
    🔓
    Charge satisfied #3
  28. 2011-04-05
    🔓
    Charge satisfied #2
  29. 2011-04-05
    🔓
    Charge satisfied #1
  30. 2011-03-30
    🔒
    Charge registered #17
    Lender: Linda Hill
  31. 2011-03-30
    🔒
    Charge registered #16
    Lender: Linda Hill
  32. 2010-07-30
    🔒
    Charge registered #15
    Lender: Ulster Bank Limited
  33. 2008-10-13
    ➖
    JOHNSTON, Michael resigned
    director
  34. 2008-06-09
    ➖
    HILL, Graeme Everitt resigned
    director
  35. 2007-11-21
    ➕
    HILL, Graeme Everitt appointed
    director
  36. 2007-04-04
    🔒
    Charge registered #14
    Lender: Ulster Bank Limited
  37. 2007-03-13
    🔒
    Charge registered #13
    Lender: Ulster Bank Limited
  38. 2005-04-11
    🔒
    Charge registered #12
    Lender: Ulster Bank Limited
  39. 2004-03-22
    🔒
    Charge registered #11
    Lender: Ulster Bank Limited
  40. 2004-03-22
    🔒
    Charge registered #10
    Lender: Ulster Bank Limited
  41. 2002-11-25
    🔒
    Charge registered #9
    Lender: Ulster Bank Limited
  42. 2002-03-07
    🔒
    Charge registered #8
    Lender: Ulster Bank Limited
  43. 2002-02-04
    🔒
    Charge registered #7
    Lender: Ulster Bank Limited
  44. 2001-02-26
    🔒
    Charge registered #6
    Lender: Ulster Bank Limited
  45. 2001-02-14
    🔒
    Charge registered #5
    Lender: Ulster Bank Limited
  46. 2000-07-26
    🔒
    Charge registered #4
    Lender: Ulster Bank Limited
  47. 2000-05-10
    🔒
    Charge registered #3
    Lender: East, Belfast
  48. 2000-02-04
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  49. 1999-10-08
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  50. 1998-12-21
    🏢
    Company incorporated
    As L.M.G. PROPERTIES LIMITED
Showing most recent 50 of 53 events

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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

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

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Graeme Everitt Hill
Individual · British · DOB 01/1964 · age 62
75–100%
75–100%75-100% shares · 75-100% voting21/12/2016
Mrs Linda Elizabeth Hill
Individual · British · DOB 11/1964 · age 62
——sig. influencesignificant influence21/12/2016

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

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
Incorporated1998-12-21
Jurisdictionnorthern-ireland
Primary SIC41201 — Construction of commercial buildings

Registered office

C/O Dnt Chartered Accountants Ormeau House
91-97 Ormeau Road
Belfast
County Antrim
BT7 1SH

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-04
Last: 2025-12-21

Officers (2 active · 2 resigned)

HILL, Linda Elizabeth→
secretary · appointed 1998-12-21
View their other companies + combined net worth →
Active
HILL, Linda Elizabeth→
director · ~62y · appointed 1998-12-21
View their other companies + combined net worth →
Active
HILL, Graeme Everitt→
director · ~62y · appointed 2007-11-21 · resigned 2008-06-09
Resigned
JOHNSTON, Michael→
director · ~58y · appointed 1998-12-21 · resigned 2008-10-13
Resigned

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

Mortgages & charges

17
Total charges
3
Outstanding
2
Active lenders
Status:Lender:17 of 17 shown
TypeProperties
outstanding
Linda Hill / Graeme Hill
Mortgage and charge1 property30/03/2011—
outstanding
Linda Hill / Graeme Hill
Mortgage and charge1 property30/03/2011—
outstanding
NatWest Group
Ulster Bank Limited
Charge over security account1 property30/07/2010—
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge2 properties04/04/200705/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge2 properties13/03/200705/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property11/04/200505/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property22/03/200405/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property22/03/200405/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property25/11/200205/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property07/03/200205/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property04/02/200205/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property26/02/200105/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property14/02/200105/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property26/07/200005/04/2011
satisfied
NatWest Group
East, Belfast / Ulster Bank LTD
Mortgage or charge1 property10/05/200005/04/2011
satisfied
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property04/02/200005/04/2011
satisfied
NatWest Group
Ulster Bank Limited / East
Mortgage or charge1 property08/10/199905/04/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-21
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-21