EYECARE BANGOR LTD
- · Thesis: well-run, low negotiation leverage
Opportunity 83/100 (exceptional), bankability 67/100. 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 (73/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 14.1y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 14.1 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 (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Gross profit | — | £319.4k |
| Operating profit | — | £92.6k |
| Profit before tax | — | £91.6k |
| Average employees | 600 | 600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
- • 1 confirmation-statement
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (22 events)Click to expand
- 2025-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-29🔒Charge registered #3Lender: National Westminster Bank PLC Trading as Ulster Bank
- 2024-08-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-30🔒Charge registered #2Lender: Mark John Allen Mackey, Christopher James Mackey, Richard David Mackey, and James Allen Mackey as Trustees of the Mackey Opticians Directors' Pension Scheme
- 2024-01-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-05-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-06📄capital-name-of-class-of-sharescapital · SH08
- 2021-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-01-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-01-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2012-04-16🔒Charge registered #1Lender: Ulster Bank Limited
- 2011-03-28🏢Company incorporatedAs EYECARE BANGOR LTD
- 2011-03-28➕MACKEY, Christopher James appointeddirector
- 2011-03-28➕MACKEY, Mark John appointeddirector
- 2011-03-28➕MACKEY, Richard David appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 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
cleanGroup structure
Mackey (Franchise) Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Mackey (Franchise) Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 14/09/2021 |
2 historic (ceased) PSCs
- Mr Mark John Mackeyceased 14/09/2021· 25-50% shares
- Mr Richard David Mackeyceased 14/09/2021· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 · Healthcare & medical · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROOKLANDS HEALTHCARE LIMITED→ NI025586 · est 1991 | £34.05M £24.52M–£43.59M | — | — | 492 | 35y | 84 | 80y |
| CONNECTED HEALTH DOMICILIARY CARE LIMITED→ NI058361 · est 2006 | £21.79M £15.69M–£27.89M | £27.27M | — | 94700 | 20y | 87 | 69y |
| NORTH WEST CARE AND SUPPORT LIMITED→ NI027732 · est 1993 | £2.27M £1.64M–£2.91M | — | — | 818 | 32y | 87 | 58y |
| ENABLE CARE SERVICES (UK) LIMITED→ NI625191 · est 2014 | £1.05M £756.4k–£1.34M | — | — | 40100 | 11y | 85 | 69y |
| ARC HEALTHY LIVING CENTRE LIMITED→ NI039643 · est 2000 | — | — | — | 58 | 25y | 83 | 78y |
| ASHBROOK HOME (NI) LIMITED→ NI044407 · est 2002 | — | — | £1.97M | — | 23y | 83 | 85y |
| BELFAST CENTRAL MISSION→ NI055693 · est 2005 · no financials extracted | — | — | — | — | 20y | 83 | 80y |
| BERAGH CARE AND DEVELOPMENT ASSOCIATION LIMITED→ NI029084 · est 1995 | — | — | £45.8k | — | 31y | 83 | 71y |
| CAMPHILL COMMUNITY MOURNE GRANGE→ NI008860 · est 1972 · no financials extracted | — | — | — | — | 53y | 83 | 85y |
| CANCER CONNECT NI→ NI073355 · est 2009 | — | — | £118.8k | — | 16y | 83 | 64y |
| CHESLOCK LIMITED→ NI020870 · est 1987 | — | — | — | — | 38y | 83 | 62y |
| CLOGHER VALLEY CARE LIMITED→ NI067105 · est 2007 | — | — | £390.7k | — | 18y | 83 | 59y |
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 →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
Registered office
Filing status
Officers (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group National Westminster Bank PLC Trading as Ulster Bank | A registered charge | 1 property | 29/10/2024 | — | |
| outstanding | Mark John Allen Mackey, Christopher James Mackey, Richard David Mackey, and James Allen Mackey as Trustees of the Mackey Opticians Directors' Pension Scheme | A registered charge | 1 property | 30/07/2024 | — | |
| outstanding | NatWest Group Ulster Bank Limited | Mortgage debenture | 1 property | 16/04/2012 | — |