URBICON DEVELOPMENTS LIMITED

💤Zombieactive
NI062299 · ltd · incorporated 2006-12-14
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 Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 63). 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 (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 (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Average employees0

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
4
filings
  • • 3 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-12-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-12-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-03-29
    🔓
    Charge satisfied #2
  10. 2022-01-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-01-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-01-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-01-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2021-01-25
    🔓
    Charge satisfied #3
  17. 2021-01-25
    🔓
    Charge satisfied #1
  18. 2021-01-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2020-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2007-06-29
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  22. 2007-03-29
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  23. 2007-03-12
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  24. 2007-02-19
    ➕
    THOM, Elizabeth appointed
    secretary
  25. 2007-02-19
    ➕
    THOM, Katherine Diane appointed
    director
  26. 2007-02-19
    ➖
    KANE, Dorothy May resigned
    secretary
  27. 2007-02-19
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  28. 2007-02-19
    ➖
    KANE, Dorothy May resigned
    director
  29. 2006-12-21
    ➕
    KANE, Dorothy May appointed
    secretary
  30. 2006-12-21
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  31. 2006-12-21
    ➕
    KANE, Dorothy May appointed
    director
  32. 2006-12-14
    🏢
    Company incorporated
    As URBICON DEVELOPMENTS LIMITED

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

88/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Katherine Diane Thom
Individual · British · DOB 04/1963 · age 63
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Nicholas James Hamilton Thom
Individual · British · DOB 12/1992 · age 34
25–50%
—25-50% shares30/11/2020
Mrs Zara Katie Elise Mcneill
Individual · British · DOB 04/1995 · age 31
25–50%
—25-50% shares30/11/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2006-12-14
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate

Registered office

1 Richdale Lane
Holywood
BT18 0FA
Northern Ireland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07

Officers (2 active · 3 resigned)

THOM, Elizabeth→
secretary · appointed 2007-02-19
View their other companies + combined net worth →
Active
THOM, Katherine Diane→
director · ~63y · appointed 2007-02-19
View their other companies + combined net worth →
Active
KANE, Dorothy May→
secretary · appointed 2006-12-21 · resigned 2007-02-19
Resigned
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2006-12-21 · resigned 2007-02-19
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2006-12-21 · resigned 2007-02-19
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property29/06/200725/01/2021
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property29/03/200729/03/2022
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property12/03/200725/01/2021

Recent filings (62 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-01-13