BREADY & DISTRICT ULSTER-SCOTS DEVELOPMENT ASSOCIATION

🌳Matureactive

NI046528 · private-limited-guarant-nsc-limited-exemption · incorporated 2003-05-16

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Support activities to performing arts

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 66). 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 20.0y

35/100

too messy

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

· Oldest live charge is 20.0 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

14 officers (7 active, 14 linked, 13 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

77 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

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

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2026-01-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-02
➕
BROWN, Emma appointed
director
2025-01-02
➕
BROWN, Tim appointed
director
2025-01-02
➕
MCCARTER, Dean appointed
director
2025-01-02
➕
SMALLWOODS, Jill appointed
director
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-13
➖
MCFARLAND, Kenneth resigned
director
2024-02-05
➖
SHANNON, Rhonda resigned
director
2023-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-24
🔒
Charge registered #3
Lender: Department for Communities
2022-05-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-31
🔓
Charge satisfied #2
2022-04-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-29
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-07-29
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-07-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-02-02
🔓
Charge satisfied #1
2015-10-01
➕
SHANNON, Rhonda appointed
director
2015-04-01
➖
KEE, Samuel James resigned
secretary
2015-04-01
➖
KEE, Samuel James resigned
director
2014-06-30
➕
MCFARLAND, Kenneth appointed
director
2008-10-20
➖
CAMPBELL, Carol resigned
director
2008-10-20
➖
CAMPBELL, Robert Leslie resigned
director
2008-04-16
➖
KEE, Amanda resigned
director
2007-07-09
🔒
Charge registered #2
Lender: The International Fund for Ireland
2006-05-09
🔒
Charge registered #1
Lender: National Lottery Charities Board (Operating as The
2004-06-01
➕
CAMPBELL, Carol appointed
director
2004-06-01
➕
KEE, Amanda appointed
director
2003-05-16
🏢
Company incorporated
As BREADY & DISTRICT ULSTER-SCOTS DEVELOPMENT ASSOCIATION
2003-05-16
➕
ALLEN, Norman George Frederick appointed
director
2003-05-16
➕
HENDERSON, Ivan Alexander appointed
director
2003-05-16
➕
KELLY, Stephen Robert appointed
director
2003-05-16
➕
KEE, Samuel James appointed
secretary
2003-05-16
➕
CAMPBELL, Robert Leslie appointed
director
2003-05-16
➕
KEE, Samuel James appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
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.)

🔒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 · Leisure & entertainment · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OASIS TRAVEL (N.I.) LIMITED→ NI017848 · est 1984	£2.17M £1.69M–£2.65M	£37.79M	—	6200	41y	84	67y
HIGHPOINT ADVENTURE MANAGEMENT LTD→ NI055451 · est 2005	£231.4k £180.0k–£282.9k	£147.0k	—	200	20y	100	53y
ARAS CHOLMCILLE TRUST→ NI047957 · est 2003 · no financials extracted	—	—	—	—	22y	83	77y
BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION→ NI056389 · est 2005 · no financials extracted	—	—	—	—	20y	83	77y
BELFAST CITY SIGHTSEEING LIMITED→ NI601088 · est 2009	—	—	—	—	16y	83	58y
BLOODY SUNDAY TRUST - THE→ NI038789 · est 2000	—	—	—	6	25y	83	79y
CLOGHER VALLEY COMMUNITY CENTRE→ NI060131 · est 2006 · no financials extracted	—	—	—	—	19y	83	70y
COACHING FOR CHRIST LTD.→ NI058166 · est 2006 · no financials extracted	—	—	—	—	20y	83	69y
DERRY THEATRE TRUST→ NI031527 · est 1996 · no financials extracted	—	—	—	—	29y	83	79y
DRUMDUFF & DRUMNAKILLY COMMUNITY ASSOCIATION→ NI041624 · est 2001 · no financials extracted	—	—	—	—	24y	83	80y
EGLINTON COMMUNITY→ NI033183 · est 1997	—	—	—	3	28y	83	82y
FRIENDS OF GLENARIFFE→ NI606288 · est 2011	—	—	£924.6k	—	15y	83	86y

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2003-05-16

Jurisdictionnorthern-ireland

Primary SIC90020 — Support activities to performing arts

Registered office

231 Victoria Road

Bready

Strabane

Co Tyrone

BT82 0EB

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-11

Last: 2025-06-27