FLETCHER & GORDON LTD

⚰️Wound downreceivership
NI040270 · ltd · incorporated 2001-02-26
Investment thesis
Company receivership — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
49/100
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 49/100 (watch), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 24.6y

40/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 24.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 55/100 (high).

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
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
64
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Average employees00

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

🔒Filing-note intelligence

2 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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-06-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2017-06-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2016-08-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-08-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-08-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-10-06
    ➕
    GORDON, Chris James appointed
    secretary
  17. 2011-10-06
    ➖
    FLETCHER, Colin Richard resigned
    secretary
  18. 2011-10-06
    ➖
    FLETCHER, Colin Richard resigned
    director
  19. 2006-11-01
    🔒
    Charge registered #9
    Lender: Ulster Bank Limited
  20. 2006-04-24
    🔒
    Charge registered #8
    Lender: Ulster Bank Limited
  21. 2005-05-26
    🔒
    Charge registered #7
    Lender: Ulster Bank Limited
  22. 2003-08-26
    🔒
    Charge registered #6
    Lender: Ulster Bank Limited
  23. 2003-08-26
    🔒
    Charge registered #5
    Lender: Ulster Bank Limited
  24. 2002-07-26
    🔒
    Charge registered #4
    Lender: Ulster Bank Limited
  25. 2002-07-25
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  26. 2002-05-02
    🔒
    Charge registered #2
    Lender: BT1 5HD
  27. 2001-10-18
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  28. 2001-05-09
    ➕
    GORDON, Chris James appointed
    director
  29. 2001-05-09
    ➕
    FLETCHER, Colin Richard appointed
    director
  30. 2001-05-09
    ➖
    PALMER, Robert Desmond resigned
    director
  31. 2001-02-26
    🏢
    Company incorporated
    As FLETCHER & GORDON LTD
  32. 2001-02-26
    ➕
    FLETCHER, Colin Richard appointed
    secretary
  33. 2001-02-26
    ➕
    PALMER, Robert Desmond appointed
    director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "GORDON" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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 high · 1 low
Company status: receivership
high

Company is in a formal insolvency or administration process. Treat accordingly.

9 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Chris James Gordon
Individual · British · DOB 08/1975 · age 51
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

10 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

Statusreceivership
Typeltd
Incorporated2001-02-26
Jurisdictionnorthern-ireland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

4 Ramore Avenue
Portrush
Co Londonderry
BT56 8BB
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-28
Last: 2026-02-14

Officers (2 active · 3 resigned)

GORDON, Chris James→
secretary · appointed 2011-10-06
View their other companies + combined net worth →
Active
GORDON, Chris James→
director · ~51y · appointed 2001-05-09
View their other companies + combined net worth →
Active
FLETCHER, Colin Richard→
secretary · appointed 2001-02-26 · resigned 2011-10-06
Resigned
FLETCHER, Colin Richard→
director · ~64y · appointed 2001-05-09 · resigned 2011-10-06
Resigned
PALMER, Robert Desmond→
director · ~85y · appointed 2001-02-26 · resigned 2001-05-09
Resigned

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

Mortgages & charges

9
Total charges
9
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge2 properties01/11/2006—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge2 properties24/04/2006—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge3 properties26/05/2005—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge2 properties26/08/2003—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property26/08/2003—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property26/07/2002—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property25/07/2002—
outstanding
NatWest Group
BT1 5HD / Ulster Bank Limited / Square East
Mortgage or charge3 properties02/05/2002—
outstanding
NatWest Group
Ulster Bank Limited
Mortgage or charge1 property18/10/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-27
accounts-with-accounts-type-dormant
accounts · AA
2020-10-23
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-15