SCY LIMITED

💤Zombieactive
NI048411 · ltd · incorporated 2003-10-23
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
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
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
Property-backed borrower with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 21.8y

30/100
under pressure

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

  • · Oldest live charge is 21.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (50/100)

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
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 8 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
84 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.

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. 2025-10-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-10-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-07-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-05-05
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  6. 2023-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-07-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2021-08-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2020-08-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2019-09-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2018-08-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2017-07-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2017-04-21
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  14. 2016-11-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2015-10-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2006-07-27
    🔓
    Charge satisfied #1
  17. 2006-06-27
    🔒
    Charge registered #4
    Lender: Anglo Irish Bank Corporation PLC
  18. 2006-06-20
    ➕
    TUGHANS COMPANY SECRETARIAL LIMITED appointed
    corporate-secretary
  19. 2006-06-08
    ➕
    OTWAY, Timothy John appointed
    director
  20. 2006-06-08
    ➖
    HEGARTY, Hugh Christopher resigned
    secretary
  21. 2006-06-08
    ➖
    DANIELL, Sarah Louise resigned
    director
  22. 2006-06-08
    ➖
    HEGARTY, Hillary resigned
    director
  23. 2006-06-08
    ➖
    HEGARTY, Patrick Eugene resigned
    director
  24. 2006-06-08
    ➖
    HEGARTY, Timothy John resigned
    director
  25. 2006-06-08
    ➖
    HEGARY, Hugh resigned
    director
  26. 2006-06-08
    ➖
    MCINTYRE, Stewart Alexander resigned
    director
  27. 2006-06-08
    🔒
    Charge registered #3
    Lender: Anglo Irish Bank Corporation PLC
  28. 2006-06-08
    🔒
    Charge registered #2
    Lender: Anglo Irish Bank Corporation PLC
  29. 2006-04-04
    ➕
    MCINTYRE, Stewart Alexander appointed
    director
  30. 2004-07-14
    🔒
    Charge registered #1
    Lender: Glasgow
  31. 2003-10-23
    🏢
    Company incorporated
    As SCY LIMITED
  32. 2003-10-23
    ➕
    HEGARTY, Hugh Christopher appointed
    secretary
  33. 2003-10-23
    ➕
    HEGARTY, Hillary appointed
    director
  34. 2003-10-23
    ➕
    HEGARTY, Patrick Eugene appointed
    director
  35. 2003-10-23
    ➕
    HEGARTY, Timothy John appointed
    director
  36. 2003-10-23
    ➕
    HEGARY, Hugh appointed
    director
  37. 2003-10-23
    ➕
    SMYTH, Gary appointed
    director
  38. 2003-10-23
    ➖
    SMYTH, Gary resigned
    director
  39. 1963-10-23
    ➕
    DANIELL, Sarah Louise appointed
    director

Owner dependency

93/100
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 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
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 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 20 years.
  • 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.)
🔒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

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 →
🔒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
Incorporated2003-10-23
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Tughans Llp, The Ewart
3 Bedford Square
Belfast
BT2 7EP
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (2 active · 8 resigned)

TUGHANS COMPANY SECRETARIAL LIMITED→
corporate-secretary · appointed 2006-06-20
View their other companies + combined net worth →
Active
OTWAY, Timothy John→
director · ~62y · appointed 2006-06-08
View their other companies + combined net worth →
Active
HEGARTY, Hugh Christopher→
secretary · appointed 2003-10-23 · resigned 2006-06-08
Resigned
DANIELL, Sarah Louise→
director · ~58y · appointed 1963-10-23 · resigned 2006-06-08
Resigned
HEGARTY, Hillary→
director · ~59y · appointed 2003-10-23 · resigned 2006-06-08
Resigned
HEGARTY, Patrick Eugene→
director · ~65y · appointed 2003-10-23 · resigned 2006-06-08
Resigned
HEGARTY, Timothy John→
director · ~61y · appointed 2003-10-23 · resigned 2006-06-08
Resigned
HEGARY, Hugh→
director · ~63y · appointed 2003-10-23 · resigned 2006-06-08
Resigned
MCINTYRE, Stewart Alexander→
director · ~70y · appointed 2006-04-04 · resigned 2006-06-08
Resigned
SMYTH, Gary→
director · ~57y · appointed 2003-10-23 · resigned 2003-10-23
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Mortgage or charge1 property27/06/2006—
outstanding
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Debenture1 property08/06/2006—
outstanding
Anglo Irish Bank Corporation
Anglo Irish Bank Corporation PLC
Mortgage or charge2 properties08/06/2006—
satisfied
Glasgow / Royal Bank of Scot
Mortgage or charge1 property14/07/200427/07/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
accounts-with-accounts-type-full
accounts · AA
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-08
accounts-with-accounts-type-full
accounts · AA
2024-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-full
accounts · AA
2023-09-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-03
change-corporate-secretary-company-with-change-date
officers · CH04
2023-05-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-28
accounts-with-accounts-type-full
accounts · AA
2022-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-03
accounts-with-accounts-type-full
accounts · AA
2021-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-04
accounts-with-accounts-type-full
accounts · AA
2020-08-05