BAYVIEW CONTRACTS LTD

🌳Matureactive
NI041488 · ltd · incorporated 2001-09-07
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 23.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£24.46M
year to Sept 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 23.9y

60/100
clean up first

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

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
80 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 £1,741,897
Turnover YoY
+1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Turnover£24.46M£24.13M
Gross profit£7.06M£5.76M
Profit before tax£1.74M£1.70M
Average employees1790013000

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-08-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2024-08-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-06-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-06-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-05-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2022-05-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2021-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-06-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-06-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-06-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2016-11-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2016-06-01
    ➕
    CUNNINGHAM, Paul appointed
    director
  15. 2015-12-17
    🔒
    Charge registered #2
    Lender: Gable Insurance Ag
  16. 2012-08-25
    ➕
    CUNNINGHAM, Barry appointed
    secretary
  17. 2012-08-02
    ➖
    QUINN, Maurice resigned
    secretary
  18. 2012-08-02
    ➖
    QUINN, Maurice resigned
    director
  19. 2007-09-18
    ➖
    ROGERS, Kieran resigned
    director
  20. 2002-06-26
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  21. 2001-11-01
    ➕
    ROGERS, Kieran appointed
    director
  22. 2001-09-07
    🏢
    Company incorporated
    As BAYVIEW CONTRACTS LTD
  23. 2001-09-07
    ➕
    CUNNINGHAM, Barry appointed
    director
  24. 2001-09-07
    ➕
    QUINN, Maurice appointed
    secretary
  25. 2001-09-07
    ➕
    QUINN, Maurice appointed
    director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
The Mccall Discretionary Trust
Corporate parent · holds 50-75% shares
majority
🏛️
Moyne Shelf Company (No. 309) Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
BAYVIEW CONTRACTS LTD
This company · NI041488

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
The Mccall Discretionary Trust
Corporate entity
50–75%
—50-75% shares17/04/2024
Moyne Shelf Company (No. 309) Limited
Corporate entity
25–50%
—25-50% shares30/07/2021
1 historic (ceased) PSC
  • Rosehill Enterprises Ltdceased 17/04/2024· 50-75% 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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2001-09-07
Jurisdictionnorthern-ireland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

23 Rampart Road
Greenbank Industrial Estate
Newry
Co. Down
BT34 2QU

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-05-25
Last: 2026-05-11

Officers (3 active · 3 resigned)

CUNNINGHAM, Barry→
secretary · appointed 2012-08-25
View their other companies + combined net worth →
Active
CUNNINGHAM, Barry→
director · ~61y · appointed 2001-09-07
View their other companies + combined net worth →
Active
CUNNINGHAM, Paul→
director · ~49y · appointed 2016-06-01
View their other companies + combined net worth →
Active
QUINN, Maurice→
secretary · appointed 2001-09-07 · resigned 2012-08-02
Resigned
QUINN, Maurice→
director · ~55y · appointed 2001-09-07 · resigned 2012-08-02
Resigned
ROGERS, Kieran→
director · ~64y · appointed 2001-11-01 · resigned 2007-09-18
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Gable Insurance Ag
A registered charge—17/12/2015—
outstanding
NatWest Group
Ulster Bank Limited / East, Belfast
Mortgage or charge1 property26/06/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-08-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-12
accounts-with-accounts-type-full
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
accounts-with-accounts-type-full
accounts · AA
2023-06-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-05-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-24