MULKERNS EUROSPAR LIMITED

🌳Matureactive
NI071630 · ltd · incorporated 2009-02-04
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.09M
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 14.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 14.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,088,903
Net assets shrinking
Down £42,791 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£1.1m
↓ 3.8% YoY
Current Assets
£1.2m
↓ 10% YoY
Current Liabilities
—
£0£275k£551k£826k£1.1m£1.4mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£1.28M£1.36M
Current assets£1.23M£1.38M
Debtors£788.4k£925.7k
Net assets£1.09M£1.13M

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
0
filings
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-09-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-03-08
    📄
    capital-name-of-class-of-shares
    capital · SH08
  4. 2024-01-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-10-11
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2023-10-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2023-08-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-04-24
    ➕
    MULKERNS, Adina appointed
    director
  9. 2023-04-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-01-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-09-21
    📄
    capital-cancellation-shares
    capital · SH06
  12. 2022-09-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2022-09-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2022-09-15
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2022-08-30
    ➖
    MULKERNS, Ciaran resigned
    director
  16. 2022-08-30
    ➖
    MULKERNS, Mairead resigned
    director
  17. 2022-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2022-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2022-01-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2020-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-11-19
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Ireland
  23. 2019-11-18
    🔒
    Charge registered #6
    Lender: Henderson Wholesale Limited
  24. 2019-10-28
    🔓
    Charge satisfied #1
  25. 2017-11-21
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Ireland
  26. 2016-12-22
    🔒
    Charge registered #3
    Lender: Henderson Wholesale Limited
  27. 2015-10-12
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Ireland
  28. 2014-03-28
    ➖
    MULKERNS, Paul resigned
    director
  29. 2012-03-23
    🔒
    Charge registered #1
    Lender: Ingenious Resources Limited
  30. 2009-03-01
    ➕
    MULKERNS, Terence Patrick appointed
    secretary
  31. 2009-03-01
    ➕
    MULKERNS, Terence Patrick appointed
    director
  32. 2009-03-01
    ➖
    KANE, Dorothy May resigned
    secretary
  33. 2009-03-01
    ➖
    HARRISON, Malcolm Joseph resigned
    director
  34. 2009-03-01
    ➖
    KANE, Dorothy May resigned
    director
  35. 2009-03-01
    ➕
    MULKERNS, Ciaran appointed
    director
  36. 2009-03-01
    ➕
    MULKERNS, Mairead appointed
    director
  37. 2009-03-01
    ➕
    MULKERNS, Paul appointed
    director
  38. 2009-02-04
    🏢
    Company incorporated
    As MULKERNS EUROSPAR LIMITED
  39. 2009-02-04
    ➕
    KANE, Dorothy May appointed
    secretary
  40. 2009-02-04
    ➕
    HARRISON, Malcolm Joseph appointed
    director
  41. 2009-02-04
    ➕
    KANE, Dorothy May appointed
    director

Owner dependency

91/100
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.
  • +Founder name in company name: Company name contains director surname "MULKERNS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 17 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 17 years.
  • secondaryStable-but-static management: Company is 17 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 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Mulkerns Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mulkerns Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
MULKERNS EUROSPAR LIMITED
This company · NI071630

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
Mulkerns Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/08/2022
3 historic (ceased) PSCs
  • Mr Terence Patrick Mulkernsceased 30/04/2023· 25-50% shares
  • Mr Ciaran Bernard Mulkernsceased 30/08/2022· 25-50% shares
  • Mrs Mairead Tereasa Mulkernsceased 30/08/2022· 25-50% shares

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

Active · Retail · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ODIKALO SUNJOY LIMITED→
NI701033 · est 2023 · no financials extracted
————2y——
OLIVA LIMITED→
NI698569 · est 2023 · no financials extracted
————2y——
OLIVIA DONEGAN LTD→
NI718089 · est 2024 · no financials extracted
————1y——
ONE TONE TACKLE LTD→
NI691414 · est 2022 · no financials extracted
————3y——
ONLY PLANT BASED FOODS INTERNATIONAL LTD→
NI666088 · est 2019 · no financials extracted
————6y——
ONTIME WISH LIMITED→
NI733380 · est 2025 · no financials extracted
———————
OOCC LTD→
NI675647 · est 2021 · no financials extracted
————5y——
OPTIMISE E-COMMERCE LTD→
NI708570 · est 2024 · no financials extracted
————2y——
ORCHARD LINENS LTD→
NI658589 · est 2019 · no financials extracted
————7y——
ORCHARD WINE LODGE LTD→
NI604777 · est 2010 · no financials extracted
————15y——
ORIGINAL WELLNESS LTD→
NI699902 · est 2023 · no financials extracted
————2y——
ORRS BUTCHERS HOLYWOOD LIMITED→
NI686870 · est 2022 · no financials extracted
————4y——
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
Incorporated2009-02-04
Jurisdictionnorthern-ireland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

51a Forkhill Road
Newry
Co Down
BT35 8QY

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-09-29
Last: 2025-09-15

Officers (3 active · 6 resigned)

MULKERNS, Terence Patrick→
secretary · appointed 2009-03-01
View their other companies + combined net worth →
Active
MULKERNS, Adina→
director · ~55y · appointed 2023-04-24
View their other companies + combined net worth →
Active
MULKERNS, Terence Patrick→
director · ~57y · appointed 2009-03-01
View their other companies + combined net worth →
Active
KANE, Dorothy May→
secretary · appointed 2009-02-04 · resigned 2009-03-01
Resigned
HARRISON, Malcolm Joseph→
director · ~52y · appointed 2009-02-04 · resigned 2009-03-01
Resigned
KANE, Dorothy May→
director · ~90y · appointed 2009-02-04 · resigned 2009-03-01
Resigned
MULKERNS, Ciaran→
director · ~56y · appointed 2009-03-01 · resigned 2022-08-30
Resigned
MULKERNS, Mairead→
director · ~59y · appointed 2009-03-01 · resigned 2022-08-30
Resigned
MULKERNS, Paul→
director · ~94y · appointed 2009-03-01 · resigned 2014-03-28
Resigned

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

Mortgages & charges

6
Total charges
5
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
The Governor and Company of the Bank of Ireland
A registered charge1 property19/11/2019—
outstanding
Henderson Wholesale
Henderson Wholesale Limited
A registered charge1 property18/11/2019—
outstanding
The Governor and Company of the Bank of Ireland
A registered charge1 property21/11/2017—
outstanding
Henderson Wholesale
Henderson Wholesale Limited
A registered charge1 property22/12/2016—
outstanding
The Governor and Company of the Bank of Ireland
A registered charge—12/10/2015—
satisfied
Ingenious Resources
Ingenious Resources Limited
Deed of security assignment1 property23/03/201228/10/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-26
capital-name-of-class-of-shares
capital · SH08
2024-03-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-25
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-24
appoint-person-director-company-with-name-date
officers · AP01
2023-04-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-12
capital-cancellation-shares
capital · SH06
2022-09-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-15