LETTERGESH PROPERTIES LTD

🌳Matureactive
NI612129 · ltd · incorporated 2012-04-10
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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 (58/100).

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 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
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Average employees00

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

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-30
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-04-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2020-11-25
    📄
    capital-allotment-shares
    capital · SH01
  11. 2020-11-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-11-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-11-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-11-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2020-11-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2020-11-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2020-11-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-11-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-11-19
    ➕
    MCCUSKER, Kerrie appointed
    director
  21. 2020-11-19
    ➕
    MCCUSKER, Meghan appointed
    director
  22. 2020-11-19
    ➕
    MCCUSKER, Meghan appointed
    director
  23. 2020-11-19
    ➖
    MCCUSKER, Meghan resigned
    director
  24. 2020-11-19
    ➖
    MCCUSKER, Sean resigned
    director
  25. 2012-04-10
    🏢
    Company incorporated
    As LETTERGESH PROPERTIES LTD
  26. 2012-04-10
    ➕
    MCCUSKER, Sean 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Kerrie Mccusker
Individual · Irish · DOB 06/1998 · age 28
25–50%
25–50%25-50% shares · 25-50% voting19/11/2020
Miss Meghan Mccusker
Individual · Irish · DOB 08/2000 · age 26
25–50%
25–50%25-50% shares · 25-50% voting19/11/2020
2 historic (ceased) PSCs
  • Miss Meghan Mccuskerceased 19/11/2020· 25-50% shares
  • Mr Sean Mccuskerceased 19/11/2020· 75-100% shares

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

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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 →
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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
Typeltd
Incorporated2012-04-10
Jurisdictionnorthern-ireland
Primary SIC41202 — Construction of domestic buildings

Registered office

122 Newpark Road
Dromore
Omagh
County Tyrone
BT78 3JZ
Northern Ireland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (2 active · 2 resigned)

MCCUSKER, Kerrie→
director · ~28y · appointed 2020-11-19
View their other companies + combined net worth →
Active
MCCUSKER, Meghan→
director · ~26y · appointed 2020-11-19
View their other companies + combined net worth →
Active
MCCUSKER, Meghan→
director · ~26y · appointed 2020-11-19 · resigned 2020-11-19
Resigned
MCCUSKER, Sean→
director · ~60y · appointed 2012-04-10 · resigned 2020-11-19
Resigned

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

Recent filings (44 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-05
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-26
accounts-with-accounts-type-dormant
accounts · AA
2021-04-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-25