HSU CONSTRUCTION LIMITED
🌳Matureactive
NI050626 · ltd · incorporated 2004-05-11
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 21.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£821.6k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 21.2y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 21.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £821,642
Cash YoY
+34%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£170k
↑ 34% YoY
Net Worth
£822k
↑ 19% YoY
Current Assets
£254k
↑ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £920.9k | £894.4k |
| Current assets | £254.1k | £224.0k |
| Cash | £170.0k | £126.8k |
| Debtors | £9.9k | £31.7k |
| Net assets | £821.6k | £690.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (35 events)Click to expand
- 2025-05-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-04-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-05-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-04🔒Charge registered #4Lender: National Westminster Bank PLC (Trading as Ulster Bank)
- 2022-02-04🔒Charge registered #3Lender: National Westminster Bank PLC (Trading as Ulster Bank)
- 2022-02-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-01🔓Charge satisfied #2
- 2022-02-01🔓Charge satisfied #1
- 2021-03-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-06-11📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-05-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-03-03➕CUSH, Darren appointeddirector
- 2014-03-03➕CUSH, Niall Martin appointeddirector
- 2014-03-03➖CUSH, Sean resigneddirector
- 2010-08-02➖CUSH, Darren Sean resignedsecretary
- 2007-07-11➖CUSH, Adrian Malachy resigneddirector
- 2007-07-11➕CUSH, Sean appointeddirector
- 2007-05-24🔒Charge registered #2Lender: Aib Group (UK) PLC
- 2005-03-15🔒Charge registered #1Lender: Aib Group (UK) PLC
- 2004-06-22➕CUSH, Adrian Malachy appointeddirector
- 2004-06-22➖HARRISON, Malcolm Joseph resigneddirector
- 2004-06-22➖KANE, Dorothy May resigneddirector
- 2004-05-11🏢Company incorporatedAs HSU CONSTRUCTION LIMITED
- 2004-05-11➕CUSH, Darren Sean appointedsecretary
- 2004-05-11➕HARRISON, Malcolm Joseph appointeddirector
- 2004-05-11➕KANE, Dorothy May appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 12 years.
- secondaryStable-but-static management: Company is 22 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Darren Cush Individual · Irish · DOB 10/1974 · age 52 | 25–50% | — | 25-50% shares | 01/07/2016 |
Mr Niall Cush Individual · Irish · DOB 10/1973 · age 53 | 25–50% | — | 25-50% shares | 01/07/2016 |
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 →Similar companies
Active · Construction · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JRS NI INVESTMENTS LIMITED→ NI620562 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| JSC CONTRACTS LTD→ NI709370 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| K. HENRY CONSTRUCTION LTD→ NI042999 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| KANE PROPERTIES & DEVELOPMENTS LTD→ NI025925 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| KC 2021 GG LIMITED→ NI676759 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| KCL CONTRACTS LTD→ NI610707 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| KEALEY LTD→ NI066621 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| KEENAN CONTRACTS LTD→ NI685554 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| KEENAN GROUP LTD→ NI733321 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KELDEV LTD→ NI739392 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| KENSINGTON ESTATES (NI) LTD→ NI050581 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| KERN HILL CONTRACTS LTD→ NI675875 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2004-05-11
Jurisdictionnorthern-ireland
Primary SIC41201 — Construction of commercial buildings
Registered office
23 Mulnagore Road
Cookstown
BT80 9BS
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-05-25
Last: 2025-05-11
Officers (2 active · 5 resigned)
CUSH, Darren→
Activedirector · ~52y · appointed 2014-03-03
View their other companies + combined net worth →
CUSH, Niall Martin→
Activedirector · ~53y · appointed 2014-03-03
View their other companies + combined net worth →
CUSH, Darren Sean→
Resignedsecretary · appointed 2004-05-11 · resigned 2010-08-02
CUSH, Adrian Malachy→
Resigneddirector · ~56y · appointed 2004-06-22 · resigned 2007-07-11
CUSH, Sean→
Resigneddirector · ~83y · appointed 2007-07-11 · resigned 2014-03-03
HARRISON, Malcolm Joseph→
Resigneddirector · ~52y · appointed 2004-05-11 · resigned 2004-06-22
KANE, Dorothy May→
Resigneddirector · ~90y · appointed 2004-05-11 · resigned 2004-06-22
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group National Westminster Bank PLC (Trading as Ulster Bank) | A registered charge | 1 property | 04/02/2022 | — | |
| outstanding | NatWest Group National Westminster Bank PLC (Trading as Ulster Bank) | A registered charge | 1 property | 04/02/2022 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage or charge | 1 property | 24/05/2007 | 01/02/2022 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Mortgage or charge | 1 property | 15/03/2005 | 01/02/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-07
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-11