TRORY DEVELOPMENTS LIMITED

🌳Matureactive
NI056983 · ltd · incorporated 2005-10-25
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 60). 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 (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 19.9y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
83 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees00

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-10-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-10-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2021-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-01-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-12-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2018-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-06-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2018-05-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-02-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2018-02-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-02-13
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2015-02-26
    🔓
    Charge satisfied #1
  18. 2009-11-10
    ➖
    WEBB, Derek resigned
    secretary
  19. 2008-11-11
    ➕
    SMYTH, Robert Joseph appointed
    secretary
  20. 2008-11-11
    ➕
    JOHNSTON, Alison Mary Louise appointed
    director
  21. 2008-11-10
    🔒
    Charge registered #2
    Lender: Colin Johnston
  22. 2008-11-06
    ➖
    WEBB, Derek resigned
    director
  23. 2006-12-08
    ➖
    MURPHY, Noel resigned
    secretary
  24. 2006-12-08
    ➕
    WEBB, Derek appointed
    secretary
  25. 2006-12-08
    ➖
    MURPHY, Noel Ferris resigned
    director
  26. 2006-07-07
    🔒
    Charge registered #1
    Lender: Bank of Scotland (Ireland) Limited
  27. 2006-06-16
    ➕
    JOHNSTON, Colin James appointed
    director
  28. 2006-06-16
    ➖
    KANE, Dorothy May resigned
    secretary
  29. 2006-06-16
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  30. 2006-06-16
    ➖
    KANE, Dorothy May resigned
    director
  31. 2006-06-16
    ➕
    WEBB, Derek appointed
    director
  32. 2006-05-16
    ➕
    MURPHY, Noel appointed
    secretary
  33. 2006-05-16
    ➕
    MURPHY, Noel Ferris appointed
    director
  34. 2005-10-25
    🏢
    Company incorporated
    As TRORY DEVELOPMENTS LIMITED
  35. 2005-10-25
    ➕
    KANE, Dorothy May appointed
    secretary
  36. 2005-10-25
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  37. 2005-10-25
    ➕
    KANE, Dorothy May appointed
    director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • 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.)

Group structure

The Johnston Clear Settlement Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Johnston Clear Settlement Company Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
TRORY DEVELOPMENTS LIMITED
This company · NI056983

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
The Johnston Clear Settlement Company Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest06/04/2016
Mr Colin James Johnston
Individual · British · DOB 06/1966 · age 60
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr Colin James Johnstonceased 31/05/2018· significant influence

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 →

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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
Incorporated2005-10-25
Jurisdictionnorthern-ireland
Primary SIC70100 — Activities of head offices

Registered office

Block D
17 Heron Road
Belfast
BT3 9LE
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23

Officers (3 active · 7 resigned)

SMYTH, Robert Joseph→
secretary · appointed 2008-11-11
View their other companies + combined net worth →
Active
JOHNSTON, Alison Mary Louise→
director · ~58y · appointed 2008-11-11
View their other companies + combined net worth →
Active
JOHNSTON, Colin James→
director · ~60y · appointed 2006-06-16
View their other companies + combined net worth →
Active
KANE, Dorothy May→
secretary · appointed 2005-10-25 · resigned 2006-06-16
Resigned
MURPHY, Noel→
secretary · appointed 2006-05-16 · resigned 2006-12-08
Resigned
WEBB, Derek→
secretary · appointed 2006-12-08 · resigned 2009-11-10
Resigned
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2005-10-25 · resigned 2006-06-16
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2005-10-25 · resigned 2006-06-16
Resigned
MURPHY, Noel Ferris→
director · ~64y · appointed 2006-05-16 · resigned 2006-12-08
Resigned
WEBB, Derek→
director · ~58y · appointed 2006-06-16 · resigned 2008-11-06
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
part-satisfied
Colin Johnston / Derek Webb
Mortgage or charge1 property10/11/2008—
satisfied
Lloyds Banking Group
Bank of Scotland (Ireland) Limited
Debenture1 property07/07/200626/02/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (83 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-27
gazette-filings-brought-up-to-date
gazette · DISS40
2022-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
gazette-notice-compulsory
gazette · GAZ1
2022-10-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-07
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-04