IACO THREE LIMITED

🌳Matureactive
NI061650 · ltd · incorporated 2006-11-02
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 19.0y

70/100
ready

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

  • · Oldest live charge is 19.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
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£0Dec 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
Average employees-200-200

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 (33 events)Click to expand
  1. 2025-09-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-05-30
    ➖
    AGNEW, David Isaac resigned
    director
  10. 2019-05-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2018-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2018-07-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2018-07-06
    🔒
    Charge registered #3
    Lender: Ulster Bank Limited
  15. 2018-07-06
    🔒
    Charge registered #2
    Lender: Ulster Bank Limited
  16. 2018-01-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2018-01-18
    🔓
    Charge satisfied #1
  18. 2017-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2012-07-29
    ➖
    MAGEE, Samuel Yuile resigned
    director
  21. 2007-05-04
    🔒
    Charge registered #1
    Lender: Northern Bank Limited
  22. 2007-03-14
    ➕
    AGNEW, Philip William appointed
    secretary
  23. 2007-03-14
    ➕
    AGNEW, Andrew Isaac David appointed
    director
  24. 2007-03-14
    ➕
    AGNEW, Philip William appointed
    director
  25. 2007-03-14
    ➖
    KANE, Dorothy May resigned
    secretary
  26. 2007-03-14
    ➕
    AGNEW, David Isaac appointed
    director
  27. 2007-03-14
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  28. 2007-03-14
    ➖
    KANE, Dorothy May resigned
    director
  29. 2007-03-14
    ➕
    MAGEE, Samuel Yuile appointed
    director
  30. 2006-11-02
    🏢
    Company incorporated
    As IACO THREE LIMITED
  31. 2006-11-02
    ➕
    KANE, Dorothy May appointed
    secretary
  32. 2006-11-02
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  33. 2006-11-02
    ➕
    KANE, Dorothy May appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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 19 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

Agnew Propco Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Agnew Propco Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
IACO THREE LIMITED
This company · NI061650

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Agnew Propco Ltd
Corporate entity
75–100%
—75-100% 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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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
Incorporated2006-11-02
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

336 Upper Floors Lisburn Road
Belfast
BT9 6GH
Northern Ireland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (3 active · 5 resigned)

AGNEW, Philip William→
secretary · appointed 2007-03-14
View their other companies + combined net worth →
Active
AGNEW, Andrew Isaac David→
director · ~53y · appointed 2007-03-14
View their other companies + combined net worth →
Active
AGNEW, Philip William→
director · ~51y · appointed 2007-03-14
View their other companies + combined net worth →
Active
KANE, Dorothy May→
secretary · appointed 2006-11-02 · resigned 2007-03-14
Resigned
AGNEW, David Isaac→
director · ~81y · appointed 2007-03-14 · resigned 2019-05-30
Resigned
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2006-11-02 · resigned 2007-03-14
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2006-11-02 · resigned 2007-03-14
Resigned
MAGEE, Samuel Yuile→
director · ~76y · appointed 2007-03-14 · resigned 2012-07-29
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property06/07/2018—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property06/07/2018—
satisfied
Northern Bank
Northern Bank Limited
Mortgage or charge1 property04/05/200718/01/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (67 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-10-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-02