F F DEVELOPMENTS LTD

💤Zombieactive
NI042990 · ltd · incorporated 2002-04-16
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
—
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Turnover
—
year to Apr 2025
Net worth
£982
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 17.6y

45/100
under pressure

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

  • · Oldest live charge is 17.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 · accounting standard not declared
Positive net assets
Net assets £982

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£982
~ YoY
Current Assets
£980
~ YoY
Current Liabilities
—
£0£196£393£589£786£982Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£982£982
Current assets£980£980
Net assets£982£982

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-12
    ➖
    FLYNN, Patrick Joseph resigned
    director
  3. 2025-06-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-06-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-02-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-02-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2020-01-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2019-02-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2018-01-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2017-02-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-05-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2015-05-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-05-29
    ➕
    FLYNN, Kathleen Patricia appointed
    secretary
  18. 2012-05-29
    ➖
    FLYNN, Gary resigned
    secretary
  19. 2012-04-27
    🔓
    Charge satisfied #1
  20. 2008-09-30
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  21. 2002-04-16
    🏢
    Company incorporated
    As F F DEVELOPMENTS LTD
  22. 2002-04-16
    ➕
    FLYNN, Hugh William appointed
    director
  23. 2002-04-16
    ➕
    FLYNN, Gary appointed
    secretary
  24. 2002-04-16
    ➕
    FLYNN, Patrick Joseph appointed
    director
  25. 2002-04-16
    ➕
    PALMER, Robert Desmond appointed
    director
  26. 2002-04-16
    ➖
    PALMER, Robert Desmond resigned
    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 69 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • 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

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr William Flynn
Individual · Irish · DOB 06/1960 · age 66
25–50%
—25-50% shares15/01/2017
1 historic (ceased) PSC
  • Mr Patrick Flynnceased 12/06/2025· 25-50% shares

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

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2002-04-16
Jurisdictionnorthern-ireland
Primary SIC41202 — Construction of domestic buildings

Registered office

10a Ballygalget Road
Portaferry
Newtownards
Co. Down
BT22 1NE

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-30
Last: 2026-04-16

Officers (2 active · 3 resigned)

FLYNN, Kathleen Patricia→
secretary · appointed 2012-05-29
View their other companies + combined net worth →
Active
FLYNN, Hugh William→
director · ~69y · appointed 2002-04-16
View their other companies + combined net worth →
Active
FLYNN, Gary→
secretary · appointed 2002-04-16 · resigned 2012-05-29
Resigned
FLYNN, Patrick Joseph→
director · ~75y · appointed 2002-04-16 · resigned 2025-06-12
Resigned
PALMER, Robert Desmond→
director · ~85y · appointed 2002-04-16 · resigned 2002-04-16
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property30/09/200827/04/2012

Recent filings (63 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-12
termination-director-company-with-name-termination-date
officers · TM01
2025-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-01
accounts-with-accounts-type-dormant
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-02
accounts-with-accounts-type-dormant
accounts · AA
2021-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-29