SETANTA LTD

🌳Matureactive
NI044495 · ltd · incorporated 2002-10-22
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£664.9k
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
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 59). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 23.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 23.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
71 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 £664,911
Net assets shrinking
Down £31,337 YoY
Cash YoY
+171%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£191k
↑ 171% YoY
Net Worth
£665k
↓ 4.5% YoY
Current Assets
£1.1m
↑ 13% YoY
Current Liabilities
—
£0£222k£444k£666k£888k£1.1mApr 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£734.1k£704.1k
Current assets£1.11M£978.8k
Cash£191.2k£70.5k
Net assets£664.9k£696.2k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-05-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-05-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2024-03-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-03-28
    🔓
    Charge satisfied #2
  8. 2024-02-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2024-02-19
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC (Trading as Ulster Bank)
  10. 2024-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-10-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2023-10-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-09-16
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  15. 2022-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-10-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-10-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-11-30
    🔒
    Charge registered #2
    Lender: Santander UK PLC
  22. 2011-06-17
    ➖
    KEARNEY, Gregary resigned
    director
  23. 2002-11-15
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  24. 2002-10-22
    🏢
    Company incorporated
    As SETANTA LTD
  25. 2002-10-22
    ➕
    GRIBBIN, Mark appointed
    secretary
  26. 2002-10-22
    ➕
    GRIBBIN, Mark appointed
    director
  27. 2002-10-22
    ➕
    GRIBBIN, Niall appointed
    director
  28. 2002-10-22
    ➕
    KEARNEY, Gregary 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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — 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 59. Early succession window.
  • 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

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

Group structure

Setanta Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Setanta Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SETANTA LTD
This company · NI044495

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%
NameSharesVoting rightsNature of controlNotified
Setanta Holdings Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting14/01/2019
2 historic (ceased) PSCs
  • Mr Niall Gribbinceased 14/01/2019· 25-50% shares · 25-50% voting
  • Mr Mark Gribbinceased 14/01/2019· 25-50% shares · 25-50% voting

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

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
Incorporated2002-10-22
Jurisdictionnorthern-ireland
Primary SIC41202 — Construction of domestic buildings

Registered office

Ronan Valley Business Park
58 - 60 Ballyronan Road
Magherafelt
County Derry
BT45 6EW
Northern Ireland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (3 active · 1 resigned)

GRIBBIN, Mark→
secretary · appointed 2002-10-22
View their other companies + combined net worth →
Active
GRIBBIN, Mark→
director · ~59y · appointed 2002-10-22
View their other companies + combined net worth →
Active
GRIBBIN, Niall→
director · ~55y · appointed 2002-10-22
View their other companies + combined net worth →
Active
KEARNEY, Gregary→
director · ~53y · appointed 2002-10-22 · resigned 2011-06-17
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
National Westminster Bank PLC (Trading as Ulster Bank)
A registered charge—19/02/2024—
satisfied
Santander
Santander UK PLC
A registered charge—30/11/201828/03/2024
outstanding
Aib Group (UK) / Belfast
Aib Group (UK) PLC / Belfast
Mortgage or charge1 property15/11/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-05-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
change-person-director-company-with-change-date
officers · CH01
2023-10-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-05