OPERA DEVELOPMENTS LIMITED

🌳Matureactive
NI044244 · ltd · incorporated 2002-10-01
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£25.0k
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 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 23.0y

65/100
clean up first

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

  • · Oldest live charge is 23.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
11 officers (2 active, 11 linked, 10 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 £24,963

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£25k
↑ 5.1% YoY
Current Assets
£113k
↓ 2.1% YoY
Current Liabilities
—
£0£23k£46k£69k£93k£116kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£24.0k£22.9k
Current assets£113.3k£115.8k
Net assets£25.0k£23.8k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2022-07-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-05-30
    ➕
    MACMAHON, Sean appointed
    director
  7. 2021-07-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-07-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2019-06-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2018-07-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2017-07-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-04-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2017-04-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2017-03-16
    ➕
    MACMAHON, John appointed
    director
  15. 2017-03-16
    ➖
    MACMAHON, Sean resigned
    director
  16. 2016-08-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2015-10-20
    ➖
    MACMAHON, Anne P resigned
    secretary
  18. 2015-10-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2015-10-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2004-02-05
    🔓
    Charge satisfied #1
  21. 2003-05-30
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  22. 2003-05-30
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  23. 2003-05-28
    ➖
    CORLEY, Kieran Martin, Mr. resigned
    director
  24. 2003-05-28
    ➖
    GALLAGHER, Niall resigned
    director
  25. 2003-05-28
    ➖
    GIBSON, Samuel Vernon resigned
    director
  26. 2003-05-28
    ➖
    HOLMES, Moorland resigned
    director
  27. 2003-05-28
    ➕
    MACMAHON, Sean appointed
    director
  28. 2003-05-28
    ➖
    MCILMURRAY, Brendan resigned
    director
  29. 2002-11-22
    ➕
    CORLEY, Kieran Martin, Mr. appointed
    director
  30. 2002-11-22
    ➕
    GALLAGHER, Niall appointed
    director
  31. 2002-11-22
    ➕
    GIBSON, Samuel Vernon appointed
    director
  32. 2002-11-22
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  33. 2002-11-22
    ➕
    HOLMES, Moorland appointed
    director
  34. 2002-11-22
    ➖
    KANE, Dorothy May resigned
    director
  35. 2002-11-22
    ➕
    MCILMURRAY, Brendan appointed
    director
  36. 2002-10-01
    🏢
    Company incorporated
    As OPERA DEVELOPMENTS LIMITED
  37. 2002-10-01
    ➕
    MACMAHON, Anne P appointed
    secretary
  38. 2002-10-01
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  39. 2002-10-01
    ➕
    KANE, Dorothy May appointed
    director

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +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
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Sean Macmahon
Individual · Northern Irish · DOB 07/1949 · age 77
75–100%
—75-100% shares01/10/2016

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 →

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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
Incorporated2002-10-01
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

2-4 Loy Street
Cookstown
N Ireland
BT80 8PE

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (2 active · 9 resigned)

MACMAHON, John→
director · ~46y · appointed 2017-03-16
View their other companies + combined net worth →
Active
MACMAHON, Sean→
director · ~77y · appointed 2022-05-30
View their other companies + combined net worth →
Active
MACMAHON, Anne P→
secretary · appointed 2002-10-01 · resigned 2015-10-20
Resigned
CORLEY, Kieran Martin, Mr.→
director · ~56y · appointed 2002-11-22 · resigned 2003-05-28
Resigned
GALLAGHER, Niall→
director · ~61y · appointed 2002-11-22 · resigned 2003-05-28
Resigned
GIBSON, Samuel Vernon→
director · ~76y · appointed 2002-11-22 · resigned 2003-05-28
Resigned
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2002-10-01 · resigned 2002-11-22
Resigned
HOLMES, Moorland→
director · ~63y · appointed 2002-11-22 · resigned 2003-05-28
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2002-10-01 · resigned 2002-11-22
Resigned
MACMAHON, Sean→
director · ~77y · appointed 2003-05-28 · resigned 2017-03-16
Resigned
MCILMURRAY, Brendan→
director · ~64y · appointed 2002-11-22 · resigned 2003-05-28
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aib Group (UK) / Belfast
Aib Group (UK) PLC / Belfast
Mortgage or charge1 property30/05/2003—
satisfied
Aib Group (UK) / Belfast
Aib Group (UK) PLC / Belfast
Mortgage or charge1 property30/05/200305/02/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
appoint-person-director-company-with-name-date
officers · AP01
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04
accounts-with-accounts-type-dormant
accounts · AA
2022-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-04
accounts-with-accounts-type-dormant
accounts · AA
2021-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-14
accounts-with-accounts-type-dormant
accounts · AA
2020-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-07
accounts-with-accounts-type-dormant
accounts · AA
2019-06-28