MELLON PROPERTIES LIMITED

💤Zombieactive
NI061270 · ltd · incorporated 2006-10-16
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£231.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Residents property management
Sector: Activities of households
Investor take
Pursue
Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 19.2y

45/100
under pressure

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

  • · Oldest live charge is 19.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
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
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

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 →
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
Positive net assets
Net assets £231,284

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£231k
↑ 8.3% YoY
Current Assets
£8k
↑ 74% YoY
Current Liabilities
—
£0£46k£93k£139k£185k£231kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£411.9k£404.0k
Current assets£8.5k£4.9k
Net assets£231.3k£213.7k

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 (30 events)Click to expand
  1. 2025-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-03-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-09-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2022-09-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2022-09-16
    ➖
    MELLON, Veronica resigned
    secretary
  7. 2022-09-16
    ➖
    MELLON, Veronica resigned
    director
  8. 2022-04-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-04-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2016-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2016-08-15
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  17. 2016-08-15
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  18. 2016-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2015-12-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2013-07-31
    ➖
    MELLON, Barry resigned
    director
  21. 2007-03-22
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  22. 2006-10-16
    🏢
    Company incorporated
    As MELLON PROPERTIES LIMITED
  23. 2006-10-16
    ➕
    MELLON, Seamus appointed
    director
  24. 2006-10-16
    ➕
    MELLON, Veronica appointed
    secretary
  25. 2006-10-16
    ➕
    ROBINSON, Kathy appointed
    secretary
  26. 2006-10-16
    ➖
    ROBINSON, Kathy resigned
    secretary
  27. 2006-10-16
    ➕
    MELLON, Barry appointed
    director
  28. 2006-10-16
    ➕
    MELLON, Veronica appointed
    director
  29. 2006-10-16
    ➕
    SMYTH, Gary appointed
    director
  30. 2006-10-16
    ➖
    SMYTH, Gary resigned
    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 "MELLON" — 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.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • 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
Mr Seamus Mellon
Individual · Irish · DOB 08/1954 · age 72
75–100%
—75-100% shares01/09/2016

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

9 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
Incorporated2006-10-16
Jurisdictionnorthern-ireland
Primary SIC98000 — Residents property management

Registered office

17 Gleneagles
Derry
BT48 7TE

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-30
Last: 2025-10-16

Officers (1 active · 5 resigned)

MELLON, Seamus→
director · ~72y · appointed 2006-10-16
View their other companies + combined net worth →
Active
MELLON, Veronica→
secretary · appointed 2006-10-16 · resigned 2022-09-16
Resigned
ROBINSON, Kathy→
secretary · appointed 2006-10-16 · resigned 2006-10-16
Resigned
MELLON, Barry→
director · ~51y · appointed 2006-10-16 · resigned 2013-07-31
Resigned
MELLON, Veronica→
director · ~72y · appointed 2006-10-16 · resigned 2022-09-16
Resigned
SMYTH, Gary→
director · ~57y · appointed 2006-10-16 · resigned 2006-10-16
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—15/08/2016—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
A registered charge3 properties15/08/2016—
outstanding
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property22/03/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-17
termination-director-company-with-name-termination-date
officers · TM01
2022-09-20
termination-secretary-company-with-name-termination-date
officers · TM02
2022-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-20
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-25