PROTEAN PROJECT MANAGEMENT LIMITED

💤Zombieactive
NI056052 · ltd · incorporated 2005-07-28
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
£354.2k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 8.3y

45/100
under pressure

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

  • · Oldest live charge is 8.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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
3 officers (1 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £354,237

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£354k
↑ 1.2% YoY
Current Assets
£232k
↓ 10% YoY
Current Liabilities
—
£0£71k£142k£213k£283k£354kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£362.7k£362.4k
Current assets£232.0k£258.0k
Net assets£354.2k£349.9k

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 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2023-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-01-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-02-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2018-01-31
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  12. 2017-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-04-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2017-04-21
    ➖
    MAGOWAN, Mary-Lyn resigned
    secretary
  15. 2016-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2005-09-01
    ➖
    HEANEY, Anthea Jayne resigned
    secretary
  18. 2005-07-28
    🏢
    Company incorporated
    As PROTEAN PROJECT MANAGEMENT LIMITED
  19. 2005-07-28
    ➕
    MAGOWAN, David John appointed
    director
  20. 2005-07-28
    ➕
    HEANEY, Anthea Jayne appointed
    secretary
  21. 2005-07-28
    ➕
    MAGOWAN, Mary-Lyn appointed
    secretary

Owner dependency

85/100
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 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • 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

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 David John Magowan
Individual · British · DOB 05/1969 · age 57
75–100%
—75-100% shares01/07/2016

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
Incorporated2005-07-28
Jurisdictionnorthern-ireland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

1 Megarrystown Road
Moira
BT67 0SL

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-25
Last: 2026-03-11

Officers (1 active · 2 resigned)

MAGOWAN, David John→
director · ~57y · appointed 2005-07-28
View their other companies + combined net worth →
Active
HEANEY, Anthea Jayne→
secretary · appointed 2005-07-28 · resigned 2005-09-01
Resigned
MAGOWAN, Mary-Lyn→
secretary · appointed 2005-07-28 · resigned 2017-04-21
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
Northern Bank
Northern Bank Limited
A registered charge1 property31/01/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-11
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-24