USE DEVELOPMENTS LTD.

🌳Matureactive
NI063762 · ltd · incorporated 2007-03-22
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£133.8k
book net assets
Opportunity
73/100
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: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
51 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £133,811

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£134k
↑ 17% YoY
Current Assets
£73
↓ 94% YoY
Current Liabilities
—
£0£27k£54k£80k£107k£134kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£133.8k£137.6k
Current assets£73£1.2k
Net assets£133.8k£114.6k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-02-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2021-04-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-05-01
    ➕
    HEGARTY, Eoin appointed
    director
  10. 2020-05-01
    ➖
    HEGARTY, Michael resigned
    director
  11. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-12-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-04-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-03-31
    ➕
    O'NEILL, Sharon Cathern appointed
    director
  19. 2013-03-31
    ➖
    NELSON, Helen resigned
    secretary
  20. 2013-03-31
    ➕
    HEGARTY, Michael appointed
    director
  21. 2013-03-31
    ➖
    NELSON, William Henry John resigned
    director
  22. 2007-03-22
    🏢
    Company incorporated
    As USE DEVELOPMENTS LTD.
  23. 2007-03-22
    ➕
    NELSON, Helen appointed
    secretary
  24. 2007-03-22
    ➕
    C.S. SECRETARIAL SERVICES LTD appointed
    corporate-secretary
  25. 2007-03-22
    ➖
    C.S. SECRETARIAL SERVICES LTD resigned
    corporate-secretary
  26. 2007-03-22
    ➕
    NELSON, William Henry John appointed
    director
  27. 2007-03-22
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  28. 2007-03-22
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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 13 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Eoin Hegarty
Individual · Northern Irish · DOB 03/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Ms Sharon Cathern O'Neill
Individual · Northern Irish · DOB 01/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated2007-03-22
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

27 High Street
Moneymore
Magherafelt
County Londonderry
BT45 7PA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-25
Last: 2026-04-11

Officers (2 active · 5 resigned)

HEGARTY, Eoin→
director · ~43y · appointed 2020-05-01
View their other companies + combined net worth →
Active
O'NEILL, Sharon Cathern→
director · ~48y · appointed 2013-03-31
View their other companies + combined net worth →
Active
NELSON, Helen→
secretary · appointed 2007-03-22 · resigned 2013-03-31
Resigned
C.S. SECRETARIAL SERVICES LTD→
corporate-secretary · appointed 2007-03-22 · resigned 2007-03-22
Resigned
HEGARTY, Michael→
director · ~83y · appointed 2013-03-31 · resigned 2020-05-01
Resigned
NELSON, William Henry John→
director · ~53y · appointed 2007-03-22 · resigned 2013-03-31
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2007-03-22 · resigned 2007-03-22
Resigned

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

Recent filings (51 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-11
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-28
appoint-person-director-company-with-name-date
officers · AP01
2021-04-28
termination-director-company-with-name-termination-date
officers · TM01
2021-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-22