FLOORS FOR LIVING (NI) LIMITED

🌳Matureactive
NI065361 · ltd · incorporated 2007-06-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£178.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 £178,627
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £26,124 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£179k
↓ 13% YoY
Current Assets
£317k
↑ 1.1% YoY
Current Liabilities
—
£0£63k£127k£190k£253k£317kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£363.9k£252.0k
Current assets£316.8k£313.3k
Debtors—£122.0k
Net assets£178.6k£204.8k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2021-11-01
    ➕
    HUGHES, Cathy Madona appointed
    director
  8. 2021-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-18
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  10. 2020-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2019-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-09-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2018-09-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2018-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2017-11-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2017-11-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2017-06-22
    ➖
    GILLIS, Cathy resigned
    secretary
  20. 2017-06-22
    ➖
    GILLIS, Cathy resigned
    director
  21. 2007-06-21
    🏢
    Company incorporated
    As FLOORS FOR LIVING (NI) LIMITED
  22. 2007-06-21
    ➕
    HUGHES, Bernard appointed
    director
  23. 2007-06-21
    ➕
    GILLIS, Cathy appointed
    secretary
  24. 2007-06-21
    ➕
    ROBINSON, Kathy appointed
    secretary
  25. 2007-06-21
    ➖
    ROBINSON, Kathy resigned
    secretary
  26. 2007-06-21
    ➕
    GILLIS, Cathy appointed
    director

Owner dependency

84/100
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
  • +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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

74/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • 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.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-12

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Bernard Hughes
Individual · British · DOB 10/1963 · age 63
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Cathy Gillisceased 22/06/2017· 25-50% shares · 25-50% voting

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 →

Similar companies

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LAMONT STONE LIMITED→
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——7329y8774y
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NI030942 · est 1996
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——1810029y8472y
CREATIVE GARDENS (NI) LIMITED→
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£4.31M
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£13.07M—2090023y8477y
MURDOCK HARDWOOD INDUSTRIES LIMITED→
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R & J FOODS LTD→
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——11427y8464y
ROBINSON'S OF BALLYMENA LTD→
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£2.20M
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STEPHENS CATERING EQUIPMENT COMPANY LIMITED→
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BASIL KNIPE ELECTRICS LIMITED→
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——430017y8761y
HENDERSON FOOD HALLS LIMITED→
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£1.90M
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——5023y8368y
CHARIOTEER LIMITED→
NI038821 · est 2000
£1.83M
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——300028y8769y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2007-06-21
Jurisdictionnorthern-ireland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

62 Church Street
Magherafelt
BT45 6AW

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-05-12OVERDUE
Last: 2025-04-28

Officers (2 active · 3 resigned)

HUGHES, Bernard→
director · ~63y · appointed 2007-06-21
View their other companies + combined net worth →
Active
HUGHES, Cathy Madona→
director · ~58y · appointed 2021-11-01
View their other companies + combined net worth →
Active
GILLIS, Cathy→
secretary · appointed 2007-06-21 · resigned 2017-06-22
Resigned
ROBINSON, Kathy→
secretary · appointed 2007-06-21 · resigned 2007-06-21
Resigned
GILLIS, Cathy→
director · ~58y · appointed 2007-06-21 · resigned 2017-06-22
Resigned

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

Recent filings (49 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
appoint-person-director-company-with-name-date
officers · AP01
2021-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-29
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2020-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-28