M1 SERVICE AREA LIMITED

🌳Matureactive
NI047826 · ltd · incorporated 2003-09-06
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 13.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£1.35M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 81-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 81). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 13.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 13.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
6 officers (4 active, 6 linked, 5 with DOB)
87
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
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 · FRS 105 (micro)
Positive net assets
Net assets £1,349,773

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.3m
↑ 6.2% YoY
Current Assets
£101k
↑ 42% YoY
Current Liabilities
—
£0£270k£540k£810k£1.1m£1.3mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-302024-09-30
Total assets£1.35M£1.29M
Current assets£100.7k£70.8k
Cash—£67.3k
Net assets£1.35M£1.27M

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-05-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-09-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-09-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-08-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-03-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-03-01
    🔓
    Charge satisfied #1
  12. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-06-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2021-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-08-19
    📄
    capital-allotment-shares
    capital · SH01
  18. 2019-08-19
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2019-08-19
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2018-10-01
    ➕
    GRAHAM, Suzanne Caroline appointed
    director
  21. 2012-07-16
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  22. 2003-09-25
    ➕
    MAGOWAN, Derek William Alexander appointed
    director
  23. 2003-09-25
    ➕
    MAGOWAN, Winifred Ann appointed
    director
  24. 2003-09-25
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  25. 2003-09-25
    ➖
    KANE, Dorothy May resigned
    director
  26. 2003-09-06
    🏢
    Company incorporated
    As M1 SERVICE AREA LIMITED
  27. 2003-09-06
    ➕
    MAGOWAN, Winifred Ann appointed
    secretary
  28. 2003-09-06
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  29. 2003-09-06
    ➕
    KANE, Dorothy May appointed
    director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 81 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 81 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Suzanne Caroline Graham
Individual · British · DOB 10/1977 · age 49
—25–50%25-50% voting17/06/2022
Mr Derek William Alexander Magowan
Individual · British · DOB 07/1945 · age 81
25–50%
—25-50% shares06/09/2016
Mrs Winifred Ann Magowan
Individual · British · DOB 07/1948 · age 78
25–50%
—25-50% shares06/09/2016

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

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
Incorporated2003-09-06
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Mullybrannon House
15 Mullybrannon Road
Dungannon
Tyrone
BT71 7ER
United Kingdom

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-17
Last: 2025-09-03

Officers (4 active · 2 resigned)

MAGOWAN, Winifred Ann→
secretary · appointed 2003-09-06
View their other companies + combined net worth →
Active
GRAHAM, Suzanne Caroline→
director · ~49y · appointed 2018-10-01
View their other companies + combined net worth →
Active
MAGOWAN, Derek William Alexander→
director · ~81y · appointed 2003-09-25
View their other companies + combined net worth →
Active
MAGOWAN, Winifred Ann→
director · ~78y · appointed 2003-09-25
View their other companies + combined net worth →
Active
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2003-09-06 · resigned 2003-09-25
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2003-09-06 · resigned 2003-09-25
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
Northern Bank
Northern Bank Limited
Floating charge1 property16/07/201201/03/2023

Recent filings (90 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-03
change-person-director-company-with-change-date
officers · CH01
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-23
change-person-director-company-with-change-date
officers · CH01
2023-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30