ARDKEEN DEVELOPMENTS LTD

🌳Matureactive
NI060340 · ltd · incorporated 2006-08-01
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-319.1k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 19.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 2 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 (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
47 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £319,104

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£319k
~ YoY
Current Assets
—
Current Liabilities
—
-£319k-£319k-£319k-£319k-£319k-£319kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-319.1k£-319.1k
Net assets£-319.1k£-319.1k

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 (25 events)Click to expand
  1. 2025-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-06-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2019-06-03
    🔓
    Charge satisfied #1
  10. 2018-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-09-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-06-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2015-10-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-10-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2007-04-27
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  18. 2006-08-01
    🏢
    Company incorporated
    As ARDKEEN DEVELOPMENTS LTD
  19. 2006-08-01
    ➕
    WALSH, Fiona appointed
    secretary
  20. 2006-08-01
    ➕
    WALSH, Fiona appointed
    director
  21. 2006-08-01
    ➕
    WALSH, Seamus Anthony appointed
    director
  22. 2006-08-01
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-secretary
  23. 2006-08-01
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-secretary
  24. 2006-08-01
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  25. 2006-08-01
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

91/100
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.
  • +Founder age: Director aged approximately 68 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • 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 20 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Seamus Anthony Walsh
Individual · Irish · DOB 10/1958 · age 68
25–50%
—25-50% shares06/04/2016
Mrs Fiona Walsh
Individual · Irish · DOB 11/1959 · age 67
25–50%
—25-50% shares06/04/2016

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 →

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————12y——
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.

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Company details

Statusactive
Typeltd
Incorporated2006-08-01
Jurisdictionnorthern-ireland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

14 Ardkeen
Killymeal Road
Dungannon
Co. Tyrone
BT71 6TP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01

Officers (3 active · 2 resigned)

WALSH, Fiona→
secretary · appointed 2006-08-01
View their other companies + combined net worth →
Active
WALSH, Fiona→
director · ~67y · appointed 2006-08-01
View their other companies + combined net worth →
Active
WALSH, Seamus Anthony→
director · ~68y · appointed 2006-08-01
View their other companies + combined net worth →
Active
C.S. SECRETARIAL SERVICES LTD→
corporate-secretary · appointed 2006-08-01 · resigned 2006-08-01
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2006-08-01 · resigned 2006-08-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property27/04/200703/06/2019

Recent filings (47 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-16
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-17
mortgage-satisfy-charge-full
mortgage · MR04
2019-06-03