GFM DEVELOPMENT LTD
- · Oldest live charge 18.6y old — refinance window within 12 months
Opportunity 37/100 (watch), bankability 25/100. Strong seller-intent signal (78/100, director aged 72). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on immediate intervention.
Refinance opportunity
1 live charge · oldest 18.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (46/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (20 events)Click to expand
- 2012-01-31⚠️legacyinsolvency · LQ01
- 2012-01-26⚠️legacyinsolvency · LQ01
- 2011-06-03📄court-ordermiscellaneous · OC-DV
- 2010-09-03📄gazette-dissolved-compulsarygazette · GAZ2
- 2010-05-14📄gazette-notice-compulsarygazette · GAZ1
- 2009-03-07📄legacyannual-return · 371S(NI)
- 2008-01-09📄legacycapital · 98-2(NI)
- 2007-10-23📄particulars-of-a-mortgage-chargemortgage · 402(NI)
- 2007-10-19🔒Charge registered #1Lender: Ulster Bank Limited
- 2006-11-15📍legacyaddress · 295(NI)
- 2006-11-15📄legacyofficers · 296(NI)
- 2006-11-15📄legacyofficers · 296(NI)
- 2006-11-06🏢Company incorporatedAs GFM DEVELOPMENT LTD
- 2006-11-06➕MURTAGH, Fiona appointedsecretary
- 2006-11-06➕MURTAGH, George appointeddirector
- 2006-11-06➕C.S. SECRETARIAL SERVICES LTD appointedcorporate-secretary
- 2006-11-06➖C.S. SECRETARIAL SERVICES LTD resignedcorporate-secretary
- 2006-11-06➕CS DIRECTOR SERVICES LIMITED appointedcorporate-director
- 2006-11-06📄incorporation-companyincorporation · NEWINC
- 2004-11-06➖CS DIRECTOR SERVICES LIMITED resignedcorporate-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +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
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- 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.
Red flags
4 high ·Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2008-09-06
Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2016-11-20
Company is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2012-01-31: legacy; 2012-01-26: legacy
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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13 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 →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
Registered office
Filing status
Officers (2 active · 2 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Ulster Bank Limited | Mortgage or charge | 3 properties | 19/10/2007 | — |