FRIENDS OF GLENARIFFE

🌳Matureactive

NI606288 · private-limited-guarant-nsc-limited-exemption · incorporated 2011-02-22

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

£924.6k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other amusement and recreation activities n.e.c.

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 86-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 86). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.5y

35/100

too messy

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

· Oldest live charge is 8.5 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: medium (72/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

12 officers (7 active, 12 linked, 12 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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 · accounting standard not declared

Positive net assets

Net assets £924,641

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£925k

↑ 115% YoY

Current Assets

£93k

↓ 2.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28	2024-02-29
Total assets	£924.6k	£945.6k
Current assets	£93.5k	£96.0k
Net assets	£924.6k	£429.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (39 events)Click to expand

2026-04-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-31
➖
MCILWAINE, Margaret Ethna resigned
director
2025-12-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-07-23
➕
CAMPBELL, Leonard James appointed
director
2023-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-31
➖
MURRAY, Mary resigned
director
2022-11-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-12
🔓
Charge satisfied #1
2021-10-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-08-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-01-22
🔒
Charge registered #3
Lender: Ulster Community Investment Trust Limited
2018-07-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-07-24
🔒
Charge registered #2
Lender: Causeway Coast and Glens Borough Council
2018-04-27
📄
mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-date
mortgage · MR01
2018-04-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-09
🔒
Charge registered #1
Lender: The Community Foundation for Northern Ireland
2017-02-15
➖
MCTOAL, Margaret Patricia resigned
director
2016-12-01
➕
MCTOAL, Margaret Patricia appointed
director
2016-11-23
➖
HAUGHEY, Edward James resigned
director
2015-05-11
➖
MC TOAL, Margaret Patricia resigned
director
2014-10-12
➕
MAJOR, Heather appointed
director
2011-02-22
🏢
Company incorporated
As FRIENDS OF GLENARIFFE
2011-02-22
➕
BURNS, Sheila Geraldine appointed
director
2011-02-22
➕
KELLY, Stephen Phillip Gerard appointed
director
2011-02-22
➕
MCILWAINE, Padraig appointed
director
2011-02-22
➕
MCINTOSH, John appointed
director
2011-02-22
➕
WHEELER, Niall Charles appointed
director
2011-02-22
➕
HAUGHEY, Edward James appointed
director
2011-02-22
➕
MC TOAL, Margaret Patricia appointed
director
2011-02-22
➕
MCILWAINE, Margaret Ethna appointed
director
2011-02-22
➕
MURRAY, Mary appointed
director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 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.)

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Similar companies

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OASIS TRAVEL (N.I.) LIMITED→ NI017848 · est 1984	£2.17M £1.69M–£2.65M	£37.79M	—	6200	41y	84	67y
HIGHPOINT ADVENTURE MANAGEMENT LTD→ NI055451 · est 2005	£231.4k £180.0k–£282.9k	£147.0k	—	200	20y	100	53y
ARAS CHOLMCILLE TRUST→ NI047957 · est 2003 · no financials extracted	—	—	—	—	22y	83	77y
BALLYHORNAN AND DISTRICT COMMUNITY ASSOCIATION→ NI056389 · est 2005 · no financials extracted	—	—	—	—	20y	83	77y
BELFAST CITY SIGHTSEEING LIMITED→ NI601088 · est 2009	—	—	—	—	16y	83	58y
BLOODY SUNDAY TRUST - THE→ NI038789 · est 2000	—	—	—	6	25y	83	79y
BREADY & DISTRICT ULSTER-SCOTS DEVELOPMENT ASSOCIATION→ NI046528 · est 2003 · no financials extracted	—	—	—	—	23y	83	66y
CLOGHER VALLEY COMMUNITY CENTRE→ NI060131 · est 2006 · no financials extracted	—	—	—	—	19y	83	70y
COACHING FOR CHRIST LTD.→ NI058166 · est 2006 · no financials extracted	—	—	—	—	20y	83	69y
DERRY THEATRE TRUST→ NI031527 · est 1996 · no financials extracted	—	—	—	—	29y	83	79y
DRUMDUFF & DRUMNAKILLY COMMUNITY ASSOCIATION→ NI041624 · est 2001 · no financials extracted	—	—	—	—	24y	83	80y
EGLINTON COMMUNITY→ NI033183 · est 1997	—	—	—	3	28y	83	82y

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2011-02-22

Jurisdictionnorthern-ireland

Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Glenariffe Community And Recreation Centre 208 Garron Road

Glenariffe

Ballymena

BT44 0RB

Northern Ireland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-04-11

Last: 2026-03-28