BEGNEY MEATS LTD

🌳Matureactive
NI072850 · ltd · incorporated 2009-06-09
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 Jun 2024
Net worth
£296.3k
book net assets
Opportunity
83/100
Exceptional
🔔
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 food services
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 14.4y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 14.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
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 £296,300
Cash YoY
-29%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£104k
↓ 29% YoY
Net Worth
£296k
↑ 3.8% YoY
Current Assets
£183k
↓ 20% YoY
Current Liabilities
—
£0£59k£119k£178k£237k£296kJun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-302023-06-30
Total assets£296.3k£285.4k
Current assets£182.5k£228.2k
Cash£104.0k£146.8k
Debtors£21.2k£17.7k
Net assets£296.3k£285.4k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-05-28
    ➕
    MCCULLOUGH, Ross appointed
    director
  2. 2025-05-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-05-23
    📄
    capital-allotment-shares
    capital · SH01
  4. 2025-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-06-01
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-03-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-03-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-08-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2011-12-13
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  17. 2009-06-09
    🏢
    Company incorporated
    As BEGNEY MEATS LTD
  18. 2009-06-09
    ➕
    MC CULLOUGH, Mary Elizabeth appointed
    director
  19. 2009-06-09
    ➕
    MC CULLOUGH, Raymond appointed
    director
  20. 2009-06-09
    ➕
    PALMER, Desmond Robert appointed
    director
  21. 2009-06-09
    ➖
    PALMER, Desmond Robert resigned
    director
  22. 2009-06-09
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director
  23. 2009-06-09
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

53/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondary12+ year tenure: Director in role 17 years.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Raymond Mccullough
Individual · Irish · DOB 07/1968 · age 58
——sig. influencesignificant influence · trust interest · firm interest16/08/2016

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

Similar companies

Active · Hospitality · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
MERIT RETAIL LIMITED→
NI029742 · est 1995
£17.75M
£13.31M–£22.19M
——18330y8480y
COMMERCIAL COURT INNS LIMITED→
NI017998 · est 1984
£8.02M
£6.01M–£10.02M
——9141y8871y
HAMILTON & KIRK LIMITED→
NI007110 · est 1967
£7.94M
£5.96M–£9.93M
——9158y8471y
RAHON ENTERPRISES LIMITED→
NI025935 · est 1991
£5.28M
£3.96M–£6.60M
£25.47M—14060034y8770y
ARDGLASS SEA PRODUCTS LIMITED→
NI019419 · est 1986
£2.80M
£2.10M–£3.50M
£13.23M—230040y8474y
CORPORATE CATERING SERVICES (N.I.) LIMITED→
NI057271 · est 2005
£1.08M
£811.6k–£1.35M
——500020y8572y
PAUL CONNAN LIMITED→
NI043593 · est 2002
£1.02M
£763.9k–£1.27M
£24.77M—6300023y8767y
CRAIGANTLET FARMS LIMITED→
NI004897 · est 1961
£455.3k
£341.5k–£569.1k
£4.92M—960065y8766y
FLOYDS AND BALLYMAGORRY ARMS LTD→
NI067811 · est 2008
£90.2k
£67.7k–£112.8k
——190018y8767y
KNOXLINK LIMITED→
NI038117 · est 2000
———450026y8765y
CNOCNAFEOLA CENTRE LIMITED-THE→
NI034900 · est 1998 · no financials extracted
————27y8392y
COMMUNITY TRAINING AND RESEARCH SERVICES LTD→
NI024807 · est 1990
——£316.1k—35y8384y
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
Incorporated2009-06-09
Jurisdictionnorthern-ireland
Primary SIC56290 — Other food services

Registered office

7 Main Street
Rathfriland
Newry
County Down
BT34 5PS

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (3 active · 2 resigned)

MC CULLOUGH, Mary Elizabeth→
director · ~61y · appointed 2009-06-09
View their other companies + combined net worth →
Active
MC CULLOUGH, Raymond→
director · ~58y · appointed 2009-06-09
View their other companies + combined net worth →
Active
MCCULLOUGH, Ross→
director · ~24y · appointed 2025-05-28
View their other companies + combined net worth →
Active
PALMER, Desmond Robert→
director · ~85y · appointed 2009-06-09 · resigned 2009-06-09
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2009-06-09 · resigned 2009-06-09
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
Mortgage debenture1 property13/12/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
appoint-person-director-company-with-name-date
officers · AP01
2025-05-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-27
capital-allotment-shares
capital · SH01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19