O'KANE DEVELOPMENTS (NI) LTD

💤Zombieactive
NI060810 · ltd · incorporated 2006-09-12
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 Sept 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 43390Other building completion and finishing
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

2 live charges · oldest 8.5y

45/100
under pressure

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

  • · Oldest live charge is 8.5 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.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
48 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Average employees100100

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
3
filings
  • • 2 officers
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 2 officers
  • • 1 persons-with-significant-control
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2026-03-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2026-02-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-11-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2017-11-15
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  16. 2017-11-13
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  17. 2017-09-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-07-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2006-09-12
    🏢
    Company incorporated
    As O'KANE DEVELOPMENTS (NI) LTD
  20. 2006-09-12
    ➕
    O'KANE, Colette appointed
    secretary
  21. 2006-09-12
    ➕
    O'KANE, Timothy Joseph appointed
    director
  22. 2006-09-12
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-secretary
  23. 2006-09-12
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-secretary
  24. 2006-09-12
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  25. 2006-09-12
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "O'KANE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Colette O'Kane
Individual · British · DOB 03/1951 · age 75
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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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
Incorporated2006-09-12
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

Unit 4 12 Spittal Hill
Coleraine
BT52 2BY
Northern Ireland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-26
Last: 2025-09-12

Officers (2 active · 2 resigned)

O'KANE, Colette→
secretary · appointed 2006-09-12
View their other companies + combined net worth →
Active
O'KANE, Timothy Joseph→
director · ~41y · appointed 2006-09-12
View their other companies + combined net worth →
Active
C.S. SECRETARIAL SERVICES LTD→
corporate-secretary · appointed 2006-09-12 · resigned 2006-09-12
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2006-09-12 · resigned 2006-09-12
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge—15/11/2017—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property13/11/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-30
change-person-secretary-company-with-change-date
officers · CH03
2026-03-26
change-person-secretary-company-with-change-date
officers · CH03
2026-03-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-14