ORIENTAL DEVELOPMENTS LIMITED

💤Zombieactive

NI040478 · ltd · incorporated 2001-03-27

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 Jun 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

14 live charges · 6 lenders · oldest 24.8y

15/100

under pressure

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

· Oldest live charge is 24.8 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

14 charges (14/14 with lender, 14/14 with type)

Directors & officers

6 officers (2 active, 6 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

Network not yet resolved

Filing history

99 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Average employees	0	0

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

filings

• 3 persons-with-significant-control
• 3 officers

Last 90 days

filings

• 3 persons-with-significant-control
• 3 officers
• 1 accounts

Last 180 days

filings

• 3 persons-with-significant-control
• 3 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (58 events)Click to expand

2026-05-06
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-05-06
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-06
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-05
➕
GHAIE, Sumeet Raju appointed
director
2026-05-05
➖
GHAIE, Nirmal resigned
director
2026-05-05
➖
GHAIE, Rattan Chand resigned
director
2026-05-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-05-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-05-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-29
📄
gazette-notice-compulsory
gazette · GAZ1
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-07-21
🔓
Charge satisfied #13
2023-07-21
🔓
Charge satisfied #12
2023-07-21
🔓
Charge satisfied #10
2023-07-21
🔓
Charge satisfied #9
2023-07-21
🔓
Charge satisfied #8
2023-07-21
🔓
Charge satisfied #7
2023-07-21
🔓
Charge satisfied #4
2022-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-08-19
🔒
Charge registered #14
Lender: Santander UK PLC
2014-12-01
🔓
Charge satisfied #3
2014-12-01
🔓
Charge satisfied #2
2014-12-01
🔓
Charge satisfied #1
2011-08-31
🔒
Charge registered #13
Lender: Santander UK PLC (As Security Trustee)
2011-08-31
🔒
Charge registered #12
Lender: Santander UK PLC (As Security Trustee)
2011-08-31
🔒
Charge registered #11
Lender: Santander UK PLC (As Security Trustee)
2011-08-31
🔒
Charge registered #10
Lender: Santander UK PLC (As Security Trustee)
2011-08-31
🔒
Charge registered #9
Lender: Santander UK PLC (As Security Trustee)
2011-08-31
🔒
Charge registered #8
Lender: Santander UK PLC
2011-08-31
🔒
Charge registered #7
Lender: Santander UK PLC
2011-08-15
🔓
Charge satisfied #6
2011-07-28
🔓
Charge satisfied #5
2008-12-04
🔒
Charge registered #6
Lender: Clayson Holdings Limited
2008-09-18
🔒
Charge registered #5
Lender: Clayson Holdings Limited
2004-09-14
➕
GHAIE, Nirmal appointed
director
2001-08-31
🔒
Charge registered #4
Lender: Northern Bank LTD
2001-07-31
🔒
Charge registered #3
Lender: Northern Bank LTD
2001-07-27
🔒
Charge registered #2
Lender: Donegall Square West

Showing most recent 50 of 58 events

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: GHAIE, Nirmal resigned 2026-05-05; GHAIE, Rattan Chand resigned 2026-05-05

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

Name	Shares	Voting rights	Nature of control	Notified
Sumeet Raju Ghaie Individual · British · DOB 10/1968 · age 58	—	—	sig. influencesignificant influence · trust interest	06/04/2017

3 historic (ceased) PSCs

Mr Rattan Chand Ghaieceased 06/04/2017· 50-75% shares · 50-75% voting · board control · trust interest
Mrs Nirmal Ghaieceased 06/04/2017· 50-75% shares · 50-75% voting · board control · trust interest
Mr Rattan Chand Ghaieceased 23/05/2017· significant influence

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

Similar companies

Active · Construction · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BSG CIVIL ENGINEERING LIMITED→ NI021016 · est 1987	£25.64M £18.31M–£32.96M	£36.49M	—	8700	38y	85	73y
E.J.C. CONTRACTS LTD→ NI045412 · est 2003	£24.60M £17.57M–£31.62M	£27.26M	—	7700	23y	90	54y
P MCVEY BUILDING SYSTEMS LTD→ NI634141 · est 2015	£14.13M £10.09M–£18.17M	£24.15M	—	5400	10y	90	66y
M.J. MCBRIDE CONSTRUCTION LTD→ NI066620 · est 2007	£14.06M £10.04M–£18.07M	£19.82M	—	1500	18y	87	77y
SOUTH BANK SQUARE LTD→ NI605444 · est 2010	£12.16M £8.69M–£15.64M	£13.65M	—	400	15y	86	73y
P MCK LTD→ NI062901 · est 2007	£7.58M £5.42M–£9.75M	£16.85M	—	5100	19y	87	71y
CORICK INVESTMENTS LIMITED→ NI025056 · est 1990	£6.35M £4.54M–£8.16M	—	—	0	35y	92	69y
BAYVIEW CONTRACTS LTD→ NI041488 · est 2001	£4.57M £3.26M–£5.87M	£24.46M	—	17900	24y	87	61y
ADSTON (UK) LIMITED→ NI605512 · est 2010	£4.00M £2.86M–£5.15M	£11.40M	—	1100	15y	100	79y
F G ANDERSON & SONS LTD→ NI681234 · est 2021	£2.79M £1.99M–£3.59M	—	—	0	4y	85	69y
THORNTON ROOFING (IRELAND) LIMITED→ NI041349 · est 2001	£2.68M £1.91M–£3.44M	£16.60M	—	9300	24y	87	88y
C.B. CONTRACTS (N.I.) LTD→ NI038170 · est 2000	£1.49M £1.06M–£1.91M	—	—	70	26y	85	64y

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

Incorporated2001-03-27

Jurisdictionnorthern-ireland

Primary SIC41100 — Development of building projects

Registered office

1 Tullybeg Avenue

Coleraine

BT51 3DT

Filing status

Accounts

Next due: 2027-03-29

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-07-31

Last: 2025-07-17

Officers (2 active · 4 resigned)

GHAIE, Sumeet Raju→

secretary · appointed 2001-03-27

View their other companies + combined net worth →

Active

GHAIE, Sumeet Raju→

director · ~58y · appointed 2026-05-05

View their other companies + combined net worth →

Active

GHAIE, Nirmal→

director · ~78y · appointed 2004-09-14 · resigned 2026-05-05

Resigned

GHAIE, Rattan Chand→

director · ~83y · appointed 2001-05-11 · resigned 2026-05-05

Resigned

KANE, Dorothy May→

director · ~90y · appointed 2001-03-27 · resigned 2001-05-11

Resigned

MCNEILL, Eleanor Shirley→

director · ~66y · appointed 2001-03-27 · resigned 2001-05-11

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:14 of 14 shown

		Type	Properties
outstanding	Santander Santander UK PLC	A registered charge	3 properties	19/08/2016	—
satisfied	Santander Santander UK PLC (As Security Trustee)	Legal charge	1 property	31/08/2011	21/07/2023
satisfied	Santander Santander UK PLC (As Security Trustee)	Legal charge	2 properties	31/08/2011	21/07/2023
outstanding	Santander Santander UK PLC (As Security Trustee)	Legal charge	1 property	31/08/2011	—
satisfied	Santander Santander UK PLC (As Security Trustee)	Legal charge	1 property	31/08/2011	21/07/2023
satisfied	Santander Santander UK PLC (As Security Trustee)	Legal charge	2 properties	31/08/2011	21/07/2023
satisfied	Santander Santander UK PLC	Debenture	1 property	31/08/2011	21/07/2023
satisfied	Santander Santander UK PLC	Legal charge	1 property	31/08/2011	21/07/2023
satisfied	Clayson Holdings Clayson Holdings Limited	Mortgage or charge	1 property	04/12/2008	15/08/2011
satisfied	Clayson Holdings Clayson Holdings Limited	Mortgage or charge	1 property	18/09/2008	28/07/2011
satisfied	Northern Bank Northern Bank LTD	Mortgage or charge	1 property	31/08/2001	21/07/2023
satisfied	Northern Bank Northern Bank LTD	Mortgage or charge	1 property	31/07/2001	01/12/2014
satisfied	Donegall Square West / Northern Bank	Mortgage or charge	1 property	27/07/2001	01/12/2014
satisfied	Northern Bank / Donegall Square West	Mortgage or charge	1 property	27/07/2001	01/12/2014

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2026-05-06

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-05-06

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-05-06

appoint-person-director-company-with-name-date

officers · AP01

2026-05-05

termination-director-company-with-name-termination-date

officers · TM01

2026-05-05

termination-director-company-with-name-termination-date

officers · TM01

2026-05-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-04-02

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-07-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-18

change-account-reference-date-company-previous-shortened

accounts · AA01

2025-06-24

confirmation-statement-with-updates

confirmation-statement · CS01

2024-07-17

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-06-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-03-13

gazette-filings-brought-up-to-date

gazette · DISS40

2023-08-30