ALTRO CONSTRUCTION LIMITED
Opportunity 59/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (43/100).
Refinance opportunity
8 live charges · oldest 21.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Mixed signal. Worth opening the full target workup before deciding to pursue.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £27.6k | £-27.6k |
| Current assets | — | £55.0k |
| Net assets | £27.6k | £-27.6k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 2 gazette
- • 1 confirmation-statement
- • 2 gazette
- • 1 confirmation-statement
Corporate timeline (34 events)Click to expand
- 2026-03-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-03-03📄gazette-notice-compulsorygazette · GAZ1
- 2025-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-05⚠️liquidation-receiver-cease-to-act-receiverinsolvency · RM02
- 2016-04-07➖TROLAN, Damien resignedsecretary
- 2016-04-07➖TROLAN, Damien resigneddirector
- 2007-06-08🔒Charge registered #8Lender: Ulster Bank Limited
- 2006-02-24🔒Charge registered #7Lender: Ulster Bank Limited
- 2006-02-01🔓Charge satisfied #1
- 2005-12-02🔒Charge registered #6Lender: Ulster Bank Limited
- 2005-11-24🔒Charge registered #5Lender: Ulster Bank Limited
- 2005-10-31🔒Charge registered #4Lender: Ulster Bank Limited
- 2005-04-12🔒Charge registered #3Lender: Ulster Bank Limited
- 2005-04-05🔒Charge registered #2Lender: Ulster Bank Limited
- 2005-04-05🔒Charge registered #1Lender: Ulster Bank Limited
- 2004-11-24🏢Company incorporatedAs ALTRO CONSTRUCTION LIMITED
- 2004-11-24➕MCGARVEY, Alfred James appointeddirector
- 2004-11-24➕C.S. SECRETARIAL SERVICES LTD appointedcorporate-secretary
- 2004-11-24➕CS DIRECTOR SERVICES LIMITED appointedcorporate-director
- 2004-11-23➕TROLAN, Damien appointedsecretary
- 2004-11-23➖C.S. SECRETARIAL SERVICES LTD resignedcorporate-secretary
- 2004-11-23➕TROLAN, Damien appointeddirector
- 2004-11-23➖CS DIRECTOR SERVICES LIMITED resignedcorporate-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 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 high · 1 med · 1 lowFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2016-10-05: liquidation-receiver-cease-to-act-receiver
Companies House flags prior insolvency events. Review the insolvency filings for context.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alfred James Mcgarvey Individual · Irish · DOB 02/1972 · age 54 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Property · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998 | £236.5k £201.0k–£271.9k | — | £236.5k | — | 27y | 83 | 86y |
| ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→ NI020714 · est 1987 | £141.8k £120.5k–£163.0k | — | £141.8k | — | 38y | 83 | 78y |
| JECK LTD→ NI616037 · est 2012 | — | £11.66M | — | 2700 | 13y | 84 | 59y |
| CFR 75 LIMITED→ NI623827 · est 2014 | — | £791.1k | — | 0 | 12y | 84 | 59y |
| MCCARTHY PRIME PROPERTIES LTD→ NI052166 · est 2004 | — | £10.9k | — | 0 | 21y | 88 | 80y |
| HILLVIEW LODGE LIMITED→ NI025138 · est 1990 | — | — | — | 187 | 35y | 87 | 76y |
| STRATHDEN LIMITED→ NI626346 · est 2014 | — | — | — | 200 | 11y | 85 | 62y |
| ADREM INVESTMENTS LIMITED→ NI031681 · est 1996 | — | — | — | 0 | 29y | 83 | 77y |
| ARDFOYLE TRUST→ NI016968 · est 1983 | — | — | — | 700 | 42y | 83 | 87y |
| ARDILAUN LTD→ NI057602 · est 2005 | — | — | — | 400 | 20y | 83 | 76y |
| ASHTREE INVESTMENTS LIMITED→ NI026837 · est 1992 | — | — | — | 300 | 33y | 83 | 63y |
| BALLYKEEL BUSINESS DEVELOPMENT LTD→ NI033029 · est 1997 · no financials extracted | — | — | — | — | 28y | 83 | 84y |
10 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 →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
Registered office
Filing status
Officers (1 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Ulster Bank Limited | Mortgage or charge | 1 property | 08/06/2007 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 24/02/2006 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 2 properties | 02/12/2005 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 24/11/2005 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 31/10/2005 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Debenture | 1 property | 12/04/2005 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 05/04/2005 | — | |
| satisfied | NatWest Group Ulster Bank Limited | Solicitors letter of undertaking | 1 property | 05/04/2005 | 01/02/2006 |