MULGREW HAULAGE LIMITED

🌳Matureactive
NI038151 · ltd · incorporated 2000-03-15
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 25.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 52103
Sector: Transportation & storage
Investor take
Pursue
Leverage-led grower with a 81-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 25.9y

60/100
clean up first

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

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
88 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 · FRS 102
Profitable
Profit before tax £692,952

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Profit before tax£693.0k
Average employees332

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

🔒Filing-note intelligence

3 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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-12-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2022-12-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2022-03-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2021-12-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2020-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2019-12-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2018-11-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2017-11-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2016-12-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2016-03-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-12-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2015-04-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-04-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2012-07-27
    🔒
    Charge registered #4
    Lender: Northern Bank Limited
  17. 2011-05-01
    ➕
    DUNCAN, Peter Stewart appointed
    director
  18. 2008-10-16
    ➖
    MULGREW, Martin resigned
    director
  19. 2006-10-27
    ➕
    MULGREW, Dermot appointed
    secretary
  20. 2006-10-27
    ➖
    MCGRATTAN, Gavin Gerard resigned
    secretary
  21. 2006-10-27
    ➖
    MCGRATTAN, Gavin Gerard resigned
    director
  22. 2000-08-02
    🔒
    Charge registered #3
    Lender: Northern Bank LTD
  23. 2000-07-03
    ➕
    MCGRATTAN, Gavin Gerard appointed
    director
  24. 2000-07-03
    🔒
    Charge registered #2
    Lender: Northern Bank LTD
  25. 2000-07-03
    🔒
    Charge registered #1
    Lender: Northern Bank LTD
  26. 2000-04-03
    ➕
    MULGREW, Dermot appointed
    director
  27. 2000-04-03
    ➕
    MULGREW, Paul appointed
    director
  28. 2000-04-03
    ➕
    MULGREW, Martin appointed
    director
  29. 2000-03-15
    🏢
    Company incorporated
    As MULGREW HAULAGE LIMITED
  30. 2000-03-15
    ➕
    MULGREW, Dermot Francis appointed
    director
  31. 2000-03-15
    ➕
    MCGRATTAN, Gavin Gerard appointed
    secretary
  32. 2000-03-15
    ➕
    KANE, Dorothy May appointed
    director
  33. 2000-03-15
    ➖
    KANE, Dorothy May resigned
    director
  34. 2000-03-15
    ➕
    MCNEILL, Eleanor Shirley appointed
    director
  35. 2000-03-15
    ➖
    MCNEILL, Eleanor Shirley resigned
    director

Owner dependency

88/100
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
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "MULGREW" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Dermot Mulgrew
Individual · British · DOB 06/1945 · age 81
75–100%
—75-100% shares15/03/2017

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

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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
Incorporated2000-03-15
Jurisdictionnorthern-ireland
Primary SIC52103 — SIC 52103

Registered office

21 Lurgan Road
Dromore
County Down
BT25 1HH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-29
Last: 2026-03-15

Officers (5 active · 5 resigned)

MULGREW, Dermot→
secretary · appointed 2006-10-27
View their other companies + combined net worth →
Active
DUNCAN, Peter Stewart→
director · ~58y · appointed 2011-05-01
View their other companies + combined net worth →
Active
MULGREW, Dermot→
director · ~55y · appointed 2000-04-03
View their other companies + combined net worth →
Active
MULGREW, Dermot Francis→
director · ~81y · appointed 2000-03-15
View their other companies + combined net worth →
Active
MULGREW, Paul→
director · ~48y · appointed 2000-04-03
View their other companies + combined net worth →
Active
MCGRATTAN, Gavin Gerard→
secretary · appointed 2000-03-15 · resigned 2006-10-27
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2000-03-15 · resigned 2000-03-15
Resigned
MCGRATTAN, Gavin Gerard→
director · ~61y · appointed 2000-07-03 · resigned 2006-10-27
Resigned
MCNEILL, Eleanor Shirley→
director · ~66y · appointed 2000-03-15 · resigned 2000-03-15
Resigned
MULGREW, Martin→
director · ~53y · appointed 2000-04-03 · resigned 2008-10-16
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Northern Bank
Northern Bank Limited
Mortgage1 property27/07/2012—
outstanding
Northern Bank
Northern Bank LTD
Mortgage or charge1 property02/08/2000—
outstanding
Northern Bank
Northern Bank LTD
Mortgage or charge1 property03/07/2000—
outstanding
Northern Bank
Northern Bank LTD
Mortgage or charge1 property03/07/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (88 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-20
accounts-with-accounts-type-full
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-full
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-full
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
change-person-director-company-with-change-date
officers · CH01
2022-03-18
accounts-with-accounts-type-full
accounts · AA
2021-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15
accounts-with-accounts-type-full
accounts · AA
2020-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-16
accounts-with-accounts-type-full
accounts · AA
2019-12-10