TERRA NORTH WEST LIMITED

💤Zombieactive
NI037434 · ltd · incorporated 1999-11-24
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 Mar 2025
Net worth
£-362.6k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 26.5y

30/100
under pressure

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

  • · Oldest live charge is 26.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 £362,627
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£19k
~ YoY
Net Worth
-£363k
~ YoY
Current Assets
£207k
~ YoY
Current Liabilities
—
-£363k-£249k-£135k-£21k£93k£207kMar 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£-362.6k£-362.3k
Current assets£207.1k£207.1k
Cash£19.3k£19.3k
Debtors£100.2k£100.2k
Net assets£-362.6k£-362.3k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-03-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-10-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-10-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-09-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-05-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-05-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-10-15
    ➖
    MCGINNIS, John Charles resigned
    director
  14. 2020-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-10-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-10-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2020-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2020-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2020-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2020-10-15
    🔓
    Charge satisfied #3
  22. 2020-10-15
    🔓
    Charge satisfied #2
  23. 2020-10-15
    🔓
    Charge satisfied #4
  24. 2020-10-15
    🔓
    Charge satisfied #1
  25. 2019-09-12
    ➕
    MCGINNIS, John Paul appointed
    director
  26. 2016-12-09
    ➖
    BRADY, Patricia resigned
    secretary
  27. 2016-12-09
    ➖
    BRADY, Patricia resigned
    director
  28. 2011-01-24
    ➖
    CANNING, Martin Nicholas resigned
    director
  29. 2008-04-30
    ➕
    BRADY, Patricia appointed
    secretary
  30. 2008-04-30
    ➖
    MCGINNIS, Margaret resigned
    secretary
  31. 2008-04-30
    ➕
    BRADY, Patricia appointed
    director
  32. 2008-04-30
    ➕
    CANNING, Martin Nicholas appointed
    director
  33. 2008-04-30
    ➖
    MCGINNIS, Daniel Joseph resigned
    director
  34. 2008-04-30
    ➕
    MCGINNIS, John Charles appointed
    director
  35. 2006-11-29
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  36. 2000-09-22
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  37. 2000-07-03
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  38. 1999-11-30
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  39. 1999-11-24
    🏢
    Company incorporated
    As TERRA NORTH WEST LIMITED
  40. 1999-11-24
    ➕
    MCGINNIS, Margaret appointed
    secretary
  41. 1999-11-24
    ➕
    MCGINNIS, Daniel Joseph appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Paul Mcginnis
Individual · Irish · DOB 01/1980 · age 46
75–100%
—75-100% shares12/09/2019
1 historic (ceased) PSC
  • Mr John Charles Mcginnisceased 12/09/2019· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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——7026y8564y
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
Incorporated1999-11-24
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

30 Clooney Terrace
Londonderry
BT47 6AR
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (1 active · 6 resigned)

MCGINNIS, John Paul→
director · ~46y · appointed 2019-09-12
View their other companies + combined net worth →
Active
BRADY, Patricia→
secretary · appointed 2008-04-30 · resigned 2016-12-09
Resigned
MCGINNIS, Margaret→
secretary · appointed 1999-11-24 · resigned 2008-04-30
Resigned
BRADY, Patricia→
director · ~63y · appointed 2008-04-30 · resigned 2016-12-09
Resigned
CANNING, Martin Nicholas→
director · ~63y · appointed 2008-04-30 · resigned 2011-01-24
Resigned
MCGINNIS, Daniel Joseph→
director · ~56y · appointed 1999-11-24 · resigned 2008-04-30
Resigned
MCGINNIS, John Charles→
director · ~74y · appointed 2008-04-30 · resigned 2020-10-15
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
NatWest Group
Ulster Bank Limited
Debenture2 properties29/11/200615/10/2020
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property22/09/200015/10/2020
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage debenture1 property03/07/200015/10/2020
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge2 properties30/11/199915/10/2020

Recent filings (97 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-17
change-person-director-company-with-change-date
officers · CH01
2022-10-17
change-person-director-company-with-change-date
officers · CH01
2022-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-24