MONEYREAGH CONTRACTS AND PLANT HIRE LTD

💤Zombieactive
NI048445 · ltd · incorporated 2003-10-27
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
—
year to Mar 2025
Net worth
£-273.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 13.0y

45/100
under pressure

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

  • · Oldest live charge is 13.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 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 · FRS 102
Negative net assets
Liabilities exceed assets by £273,576

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£274k
↓ 29% YoY
Current Assets
£7k
↓ 68% YoY
Current Liabilities
—
-£274k-£215k-£156k-£97k-£38k£21kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-273.6k£-211.4k
Current assets£6.7k£20.8k
Cash—£10.6k
Debtors£6.7k£204
Net assets£-273.6k£-211.4k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-29
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2025-04-15
    ➖
    MCDOWELL, Anna resigned
    secretary
  4. 2024-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-01-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-04-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-12-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2019-01-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-03-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-07-10
    ➖
    MCMULLAN, Stephen John resigned
    director
  18. 2013-12-01
    ➕
    MCMULLAN, Stephen John appointed
    director
  19. 2013-05-30
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  20. 2006-03-02
    ➖
    MCDOWELL, Anna resigned
    director
  21. 2003-10-27
    🏢
    Company incorporated
    As MONEYREAGH CONTRACTS AND PLANT HIRE LTD
  22. 2003-10-27
    ➕
    MCMULLAN, John Smyth appointed
    director
  23. 2003-10-27
    ➕
    MCDOWELL, Anna appointed
    secretary
  24. 2003-10-27
    ➕
    MCDOWELL, Anna appointed
    director
  25. 2003-10-27
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-director
  26. 2003-10-27
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-director

Owner dependency

100/100
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 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

100/100
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 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Smyth Mcmullan
Individual · British · DOB 05/1948 · age 78
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated2003-10-27
Jurisdictionnorthern-ireland
Primary SIC43390 — Other building completion and finishing

Registered office

126a Ballystockart Road
Comber
Newtownards
BT23 5PP
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-13
Last: 2026-04-29

Officers (1 active · 4 resigned)

MCMULLAN, John Smyth→
director · ~78y · appointed 2003-10-27
View their other companies + combined net worth →
Active
MCDOWELL, Anna→
secretary · appointed 2003-10-27 · resigned 2025-04-15
Resigned
MCDOWELL, Anna→
director · ~79y · appointed 2003-10-27 · resigned 2006-03-02
Resigned
MCMULLAN, Stephen John→
director · ~49y · appointed 2013-12-01 · resigned 2015-07-10
Resigned
C.S. SECRETARIAL SERVICES LTD→
corporate-director · appointed 2003-10-27 · resigned 2003-10-27
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property30/05/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-29
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-21