ARDORE LIMITED
💤Zombieactive
NI039730 · ltd · incorporated 2000-11-28
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 Feb 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 23.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Average employees | 100 | 100 |
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 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-11-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-11-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-14📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-12-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-12-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-29➕MORGAN, Trudi appointedsecretary
- 2023-09-29➖MORGAN, Richard John resignedsecretary
- 2023-09-29➖MORGAN, Richard John resigneddirector
- 2022-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-09-05➕MORGAN, Trudi appointeddirector
- 2022-09-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-01-30🔓Charge satisfied #1
- 2012-11-29➖MORGAN, Desmond resignedsecretary
- 2012-11-29➕MORGAN, Richard John appointedsecretary
- 2002-06-19🔒Charge registered #1Lender: Ulster Bank Limited
- 2000-12-13➖KANE, Dorothy May resigneddirector
- 2000-12-13➖MCNEILL, Eleanor Shirley resigneddirector
- 2000-12-13➕MORGAN, Richard John appointeddirector
- 2000-11-28🏢Company incorporatedAs ARDORE LIMITED
- 2000-11-28➕MORGAN, Desmond appointedsecretary
- 2000-11-28➕KANE, Dorothy May appointeddirector
- 2000-11-28➕MCNEILL, Eleanor Shirley appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Trudi Morgan Individual · British · DOB 09/1971 · age 55 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 29/09/2023 |
1 historic (ceased) PSC
- Mr Richard John Morganceased 29/09/2023· 75-100% shares
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 →Similar companies
Active · Property · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DJMCK PROPERTY RENTALS LTD→ NI691313 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| DMD PROPERTY DEVELOPMENTS LTD→ NI056961 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| DOBBIN PROPERTY SERVICES (DPS) LTD→ NI704046 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DORMAR PROPERTIES LTD→ NI061025 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DOUGLAS, FIERCE AND LITTLE LTD→ NI644442 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| DOWN DEVELOPERS LIMITED→ NI627527 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| DOWNVIEW COURT LIMITED→ NI017775 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
| DPJ RENTALS LIMITED→ NI641741 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| DPO TRADING LTD→ NI620089 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| DPPM PROPERTY LTD→ NI666405 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| DR37 LTD→ NI697888 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DRUMARD PROPERTIES LTD→ NI718471 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2000-11-28
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate
Registered office
244 Killyman Road
Dungannon
Co. Tyrone
BT71 6RS
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28
Officers (2 active · 5 resigned)
Active
MORGAN, Trudi→
Activedirector · ~55y · appointed 2022-09-05
View their other companies + combined net worth →
MORGAN, Desmond→
Resignedsecretary · appointed 2000-11-28 · resigned 2012-11-29
MORGAN, Richard John→
Resignedsecretary · appointed 2012-11-29 · resigned 2023-09-29
KANE, Dorothy May→
Resigneddirector · ~90y · appointed 2000-11-28 · resigned 2000-12-13
MCNEILL, Eleanor Shirley→
Resigneddirector · ~66y · appointed 2000-11-28 · resigned 2000-12-13
MORGAN, Richard John→
Resigneddirector · ~71y · appointed 2000-12-13 · resigned 2023-09-29
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Ulster Bank Limited / East | Mortgage or charge | 1 property | 19/06/2002 | 30/01/2015 |
Recent filings (77 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-27
change-person-secretary-company-with-change-date
officers · CH03
2023-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-04
termination-director-company-with-name-termination-date
officers · TM01
2023-12-04
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-04
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-30
appoint-person-director-company-with-name-date
officers · AP01
2022-09-05