GORTRUSH TRADING LIMITED

🌳Matureactive

NI602780 · ltd · incorporated 2010-04-08

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 15.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: conservative operator with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 85/100. 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 (85/100).

🏦

Refinance opportunity

1 live charge · oldest 15.3y

95/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 15.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 23/100 — clean.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (82/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (2 active, 8 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

9 connected companies via shared directors

Filing history

59 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £8,832

Turned profitable

Returned to profit this year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Profit before tax	£8.8k	£-287.7k
Average employees	0	0

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (36 events)Click to expand

2025-07-22
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-04
➕
CONWAY, Michelle Mary appointed
director
2024-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-02-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-22
➖
SURANA, Shashi Prakash resigned
director
2023-09-12
➖
EDWARDS, Stephen John resigned
director
2023-09-12
➖
OSMUNDSEN, Tor Agner resigned
director
2023-09-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-15
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-13
➖
POOLEY, Bernard Bertram resigned
director
2022-12-13
➕
SURANA, Shashi Prakash appointed
director
2022-09-21
📄
accounts-with-accounts-type-small
accounts · AA
2022-01-13
📄
resolution
resolution · RESOLUTIONS
2021-03-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-01
📄
change-account-reference-date-company-current-extended
accounts · AA01
2020-12-03
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2020-12-03
📄
resolution
resolution · RESOLUTIONS
2020-12-03
📄
memorandum-articles
incorporation · MA
2020-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-12-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-12-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-11-30
➕
WODSKOU, Michael appointed
director
2020-11-30
➖
HOWE, Kieran resigned
secretary
2020-11-30
➕
EDWARDS, Stephen John appointed
director
2020-11-30
➖
HOWE, Kieran resigned
director
2020-11-30
➕
OSMUNDSEN, Tor Agner appointed
director
2020-11-30
➕
POOLEY, Bernard Bertram appointed
director
2020-11-06
🔓
Charge satisfied #1
2011-02-03
🔒
Charge registered #1
Lender: Ulster Bank Limited
2010-04-08
🏢
Company incorporated
As GORTRUSH TRADING LIMITED
2010-04-08
➕
HOWE, Kieran appointed
secretary
2010-04-08
➕
HOWE, Kieran appointed
director

Owner dependency

66/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

46/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️

Nic Enterprises Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

GORTRUSH TRADING LIMITED

This company · NI602780

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%

Name	Shares	Voting rights	Nature of control	Notified
Nic Enterprises Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	30/11/2020

1 historic (ceased) PSC

Mr Kieran Joseph Howeceased 30/11/2020· 75-100% 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 · Wholesale & distribution · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CTEC (NI) LIMITED→ NI055929 · est 2005	£17.92M £13.44M–£22.40M	£21.25M	—	1300	20y	87	66y
R. THOMPSON & SON (ARMAGH) LIMITED→ NI007069 · est 1967	£9.87M £7.40M–£12.34M	—	—	55	58y	87	89y
TAILORED IMAGE LTD→ NI034580 · est 1998	£5.64M £4.23M–£7.05M	£20.80M	—	11400	27y	93	63y
W.A.C. MCCANDLESS (ENGINEERS) LIMITED→ NI005177 · est 1962	£5.13M £3.85M–£6.42M	—	—	30	64y	88	68y
FORESTWOOD AGENCIES LIMITED→ NI029479 · est 1995	£4.47M £3.35M–£5.59M	—	—	1400	31y	87	62y
TAYLORS (FYFIN) LIMITED→ NI012103 · est 1977	£3.11M £2.33M–£3.89M	—	—	21	48y	87	72y
CENTURY ELECTRICAL WHOLESALE LTD→ NI053328 · est 2004	£2.68M £2.01M–£3.36M	£14.83M	—	6000	21y	85	80y
EUROCABLES (BELFAST) LIMITED→ NI031739 · est 1996	£2.29M £1.72M–£2.86M	—	—	3100	29y	86	64y
ERWIN AGRI-CARE LIMITED→ NI605964 · est 2011	£2.00M £1.50M–£2.50M	—	—	3700	15y	87	66y
IAN A KERNOHAN (NI) LIMITED→ NI019120 · est 1986	£370.7k £278.0k–£463.4k	£12.44M	—	3500	40y	93	69y
VANDEN RECYCLING LIMITED→ NI611544 · est 2012	£75.8k £56.8k–£94.7k	—	—	59	14y	89	49y
HANNAN MEATS LIMITED→ NI022775 · est 1989	—	—	—	2800	36y	87	66y

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

Incorporated2010-04-08

Jurisdictionnorthern-ireland

Primary SIC46900 — Non-specialised wholesale trade

Registered office

32b Deverney Road

Omagh

BT79 0ND

Northern Ireland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-04-22

Last: 2026-04-08

Officers (2 active · 6 resigned)

CONWAY, Michelle Mary→

director · ~40y · appointed 2024-12-04

View their other companies + combined net worth →

Active

WODSKOU, Michael→

director · ~59y · appointed 2020-11-30

View their other companies + combined net worth →

Active

HOWE, Kieran→

secretary · appointed 2010-04-08 · resigned 2020-11-30

Resigned

EDWARDS, Stephen John→

director · ~60y · appointed 2020-11-30 · resigned 2023-09-12

Resigned

HOWE, Kieran→

director · ~50y · appointed 2010-04-08 · resigned 2020-11-30

Resigned

OSMUNDSEN, Tor Agner→

director · ~48y · appointed 2020-11-30 · resigned 2023-09-12

Resigned

POOLEY, Bernard Bertram→

director · ~69y · appointed 2020-11-30 · resigned 2022-12-13

Resigned

SURANA, Shashi Prakash→

director · ~61y · appointed 2022-12-13 · resigned 2024-02-22

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	NatWest Group Ulster Bank Limited	Mortgage debenture	1 property	03/02/2011	06/11/2020

Recent filings (59 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-22

accounts-with-accounts-type-full

accounts · AA

2025-07-22

confirmation-statement-with-updates

confirmation-statement · CS01

2025-04-09

appoint-person-director-company-with-name-date

officers · AP01

2024-12-04

accounts-with-accounts-type-full

accounts · AA

2024-09-30

confirmation-statement-with-updates

confirmation-statement · CS01

2024-04-10

termination-director-company-with-name-termination-date

officers · TM01

2024-02-23

termination-director-company-with-name-termination-date

officers · TM01

2023-09-12

termination-director-company-with-name-termination-date

officers · TM01

2023-09-12

accounts-with-accounts-type-full

accounts · AA

2023-08-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-13

appoint-person-director-company-with-name-date

officers · AP01

2022-12-14

termination-director-company-with-name-termination-date

officers · TM01

2022-12-14

accounts-with-accounts-type-small

accounts · AA

2022-09-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-21