TINNELLY CONSTRUCTION LIMITED
- 41202Construction of domestic buildings
Opportunity 70/100 (strong), bankability 57/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
8 live charges · 4 lenders · oldest 19.1y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Turnover | £25.21M | £11.34M |
| Gross profit | £6.41M | £3.48M |
| Operating profit | £5.10M | £2.23M |
| Profit before tax | £5.06M | £2.19M |
| Average employees | 2800 | 2600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 2 persons-with-significant-control
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (32 events)Click to expand
- 2026-03-31📄accounts-with-accounts-type-fullaccounts · AA
- 2026-02-20📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-06-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-03🔒Charge registered #8Lender: Northern Bank Limited
- 2024-09-03🔒Charge registered #7Lender: Northern Bank Limited
- 2024-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-02🔒Charge registered #6Lender: Northern Bank Limited
- 2024-09-02🔒Charge registered #5Lender: Northern Bank Limited
- 2024-09-02🔒Charge registered #4Lender: Northern Bank Limited
- 2024-08-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-19🔓Charge satisfied #3
- 2024-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-28📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-09📄accounts-with-accounts-type-fullaccounts · AA
- 2021-07-05📄accounts-with-accounts-type-fullaccounts · AA
- 2021-02-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-31📄accounts-with-accounts-type-fullaccounts · AA
- 2019-04-02📄accounts-with-accounts-type-fullaccounts · AA
- 2016-05-25🔓Charge satisfied #1
- 2016-03-22🔓Charge satisfied #2
- 2016-03-08➕TINNELLY, Kathleen appointeddirector
- 2016-02-23🔒Charge registered #3Lender: Gtt Construction Limited
- 2008-05-01🔒Charge registered #2Lender: Ulster Bank Ireland Limited
- 2007-05-04🔒Charge registered #1Lender: Ulster Bank Limited
- 2002-02-07🏢Company incorporatedAs TINNELLY CONSTRUCTION LIMITED
- 2002-02-07➕TINNELLY, Kathleen appointedsecretary
- 2002-02-07➕TINNELLY, Gerard appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "TINNELLY" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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 · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Tinnelly Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Tinnelly Holdings Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 10/02/2026 |
2 historic (ceased) PSCs
- Mrs Kathleen Tinnellyceased 20/02/2026· significant influence · firm interest
- Gtt Construction Ltdceased 30/10/2020· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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|---|---|---|---|---|---|---|---|
| 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 |
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| 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 |
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| 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 |
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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 →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
Registered office
Filing status
Officers (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Northern Bank Northern Bank Limited | A registered charge | 1 property | 03/09/2024 | — | |
| outstanding | Northern Bank Northern Bank Limited | A registered charge | 7 properties | 03/09/2024 | — | |
| outstanding | Northern Bank Northern Bank Limited | A registered charge | 2 properties | 02/09/2024 | — | |
| outstanding | Northern Bank Northern Bank Limited | A registered charge | 2 properties | 02/09/2024 | — | |
| outstanding | Northern Bank Northern Bank Limited | A registered charge | — | 02/09/2024 | — | |
| satisfied | Gtt Construction Gtt Construction Limited | A registered charge | — | 23/02/2016 | 19/08/2024 | |
| satisfied | NatWest Group Ulster Bank Ireland Limited / Ulster Bank Limited | Debenture | 1 property | 01/05/2008 | 22/03/2016 | |
| satisfied | NatWest Group Ulster Bank Limited | Mortgage or charge | 1 property | 04/05/2007 | 25/05/2016 |