MONNABOY LIMITED

💤Zombieactive

NI042121 · ltd · incorporated 2001-12-12

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

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Development of building projects

Sector: Construction

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 74). 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 16.9y

30/100

under pressure

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

· Oldest live charge is 16.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

8 officers (1 active, 8 linked, 6 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

100 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

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

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 2 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2026-04-09
📄
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2025-06-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-14
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-07-02
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-07-05
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-06-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-08-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-12
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2017-01-10
➖
BRADY, Patricia resigned
secretary
2016-12-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-08-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-16
🔓
Charge satisfied #6
2015-07-16
🔓
Charge satisfied #5
2015-07-16
🔓
Charge satisfied #4
2015-07-01
🔓
Charge satisfied #3
2015-07-01
🔓
Charge satisfied #2
2015-07-01
🔓
Charge satisfied #1
2015-06-05
🔒
Charge registered #6
Lender: Capita Trust Company Limited (The "Security Agent for the Secured Parties")
2015-06-05
🔒
Charge registered #5
Lender: Capita Trust Company Limited (The "Security Agent for the Secured Parties")
2015-06-05
🔒
Charge registered #4
Lender: Capita Trust Company Limited (The "Security Agent for the Secured Parties")
2014-07-01
➖
MCGINNIS, Annie Margaret resigned
director
2014-02-28
➖
BRADY, Patricia resigned
director
2012-12-05
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Ireland
2012-12-05
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Ireland
2011-01-24
➖
CANNING, Martin Nicholas resigned
director
2010-11-05
➖
GARRETT, John Brian resigned
director
2010-11-05
➖
HASSAN, Eugene John resigned
director
2009-07-01
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Ireland
2006-03-23
➕
GARRETT, John Brian appointed
director
2006-03-23
➕
MCGINNIS, Annie Margaret appointed
director
2006-02-28
➕
HASSAN, Eugene John appointed
director
2006-01-11
➕
BRADY, Patricia appointed
secretary
2006-01-11
➖
CANNING, Martin Nicholas resigned
secretary
2005-12-19
➕
BRADY, Patricia appointed
director
2001-12-12
🏢
Company incorporated
As MONNABOY LIMITED
2001-12-12
➕
MCGINNIS, John Charles appointed
director
2001-12-12
➕
CANNING, Martin Nicholas appointed
secretary
2001-12-12
➕
CANNING, Martin Nicholas 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.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

100/100

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 74 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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 med ·

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
Mr John Charles Mcginnis Individual · Irish · DOB 03/1952 · age 74	—	—	sig. influencesignificant influence	15/04/2016

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 →

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
FELIX O'HARE & COMPANY LIMITED→ NI001808 · est 1944	£7.23M £5.16M–£9.29M	£66.16M	—	10400	81y	85	69y
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
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

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

Incorporated2001-12-12

Jurisdictionnorthern-ireland

Primary SIC41100 — Development of building projects

Registered office

30 Clooney Terrace

Londonderry

BT47 6AR

Northern Ireland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-12-26

Last: 2025-12-12

Officers (1 active · 7 resigned)

MCGINNIS, John Charles→

director · ~74y · appointed 2001-12-12

View their other companies + combined net worth →

Active

BRADY, Patricia→

secretary · appointed 2006-01-11 · resigned 2017-01-10

Resigned

CANNING, Martin Nicholas→

secretary · appointed 2001-12-12 · resigned 2006-01-11

Resigned

BRADY, Patricia→

director · ~63y · appointed 2005-12-19 · resigned 2014-02-28

Resigned

CANNING, Martin Nicholas→

director · ~63y · appointed 2001-12-12 · resigned 2011-01-24

Resigned

GARRETT, John Brian→

director · ~89y · appointed 2006-03-23 · resigned 2010-11-05

Resigned

HASSAN, Eugene John→

director · ~77y · appointed 2006-02-28 · resigned 2010-11-05

Resigned

MCGINNIS, Annie Margaret→

director · ~76y · appointed 2006-03-23 · resigned 2014-07-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
satisfied	Capita Trust Company (The "Security Agent for the Secured Parties") Capita Trust Company Limited (The "Security Agent for the Secured Parties")	A registered charge	3 properties	05/06/2015	16/07/2015
satisfied	Capita Trust Company (The "Security Agent for the Secured Parties") Capita Trust Company Limited (The "Security Agent for the Secured Parties")	A registered charge	3 properties	05/06/2015	16/07/2015
satisfied	Capita Trust Company (The "Security Agent for the Secured Parties") Capita Trust Company Limited (The "Security Agent for the Secured Parties")	A registered charge	—	05/06/2015	16/07/2015
satisfied	The Governor and Company of the Bank of Ireland / National Asset Loan Management The Governor and Company of the Bank of Ireland / National Asset Loan Management Limited	Debenture	1 property	05/12/2012	01/07/2015
satisfied	The Governor and Company of the Bank of Ireland / National Asset Loan Management The Governor and Company of the Bank of Ireland / National Asset Loan Management Limited	Debenture	1 property	05/12/2012	01/07/2015
satisfied	The Governor and Company of the Bank of Ireland	Debenture	1 property	01/07/2009	01/07/2015

Recent filings (100 total)

replacement-filing-of-confirmation-statement-with-made-up-date

confirmation-statement · RP01CS01

2026-04-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-12-18