SHARP (N.I.) LTD

⚰️Wound downliquidation

NI614280 · ltd · incorporated 2012-09-03

Investment thesis

Company liquidation — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2022

Net worth

£233.2k

book net assets

Opportunity

34/100

Pass

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What this business does

Primary activity: Public houses and bars

Sector: Accommodation & food service

Investor take

Pass (distressed without resilience)

Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 34/100 (pass), bankability 12/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (80/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 12.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 12.5 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: high (80/100)

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

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

5 officers (1 active, 5 linked, 5 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

34/100Pass

PassWatchWorth a lookStrongExceptional

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £233,159

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£233k

~ YoY

Current Assets

£106k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2022-09-27	2021-09-27
Total assets	£313.2k	£313.2k
Current assets	£106.4k	£106.4k
Cash	—	£18.9k
Debtors	—	£6.3k
Net assets	£233.2k	£233.2k

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2025-08-14
⚠️
liquidation-liquidation-statement-of-receipts-and-payments-northern-ireland-with-brought-down-date
insolvency · 4.69(NI)
2024-07-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-19
⚠️
liquidation-appointment-of-liquidator
insolvency · VL1
2024-07-19
⚠️
liquidation-statement-of-affairs-northern-ireland
insolvency · 4.21(NI)
2024-07-19
📄
resolution
resolution · RESOLUTIONS
2023-08-23
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-22
📄
gazette-notice-compulsory
gazette · GAZ1
2023-08-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-11-02
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-01
➖
HUGHES, John resigned
director
2020-08-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-08-12
➕
HUGHES, John appointed
director
2020-05-20
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-12-11
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2019-11-12
📄
gazette-notice-compulsory
gazette · GAZ1
2018-10-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-10-17
🔒
Charge registered #7
Lender: Fernmount Trading (NI) LTD
2018-09-27
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2017-05-23
🔓
Charge satisfied #4
2017-05-23
🔓
Charge satisfied #3
2017-05-23
🔓
Charge satisfied #2
2017-05-23
🔓
Charge satisfied #1
2016-11-15
🔒
Charge registered #6
Lender: Assetz Capital Trust Company Limited (As Security Trustee)
2016-11-15
🔒
Charge registered #5
Lender: Assetz Capital Trust Company Limited (As Security Trustee)
2016-04-29
➕
GIBBONS, James appointed
director
2016-04-29
➖
GIBBONS, James resigned
director
2014-04-01
➖
OREILLY, Margaret Anne resigned
director
2013-11-22
🔒
Charge registered #4
Lender: Meridian Trust Company Limited
2013-11-22
🔒
Charge registered #3
Lender: Meridian Trust Company Limited
2013-11-22
🔒
Charge registered #2
Lender: Meridian Mortgage Corporation Limited
2013-11-22
🔒
Charge registered #1
Lender: Meridan Mortgage Corporation Limited
2013-10-01
➖
JENKINS, Martina resigned
director
2013-10-01
➕
OREILLY, Margaret Anne appointed
director
2012-11-07
➕
JENKINS, Martina appointed
director
2012-09-03
🏢
Company incorporated
As SHARP (N.I.) LTD
2012-09-03
➕
HUGHES, Carol appointed
director

Owner dependency

90/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder age: Director aged approximately 68 — 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 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 14 years.

Red flags

4 high · 1 med ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-06-27

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-08-24

Company in liquidation

high

Company is actively being wound up. Not a going concern.

3 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2025-08-14: liquidation-liquidation-statement-of-receipts-and-payments-northern-ireland-with-brought-down-date; 2024-07-19: liquidation-appointment-of-liquidator

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Carol Hughes Individual · British · DOB 11/1958 · age 68	75–100%	75–100%	75-100% shares · 75-100% voting	20/12/2017

1 historic (ceased) PSC

Fernmount Trading (N.I.) Ltdceased 20/12/2017· 75-100% shares · 75-100% voting

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 · Hospitality · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MERIT RETAIL LIMITED→ NI029742 · est 1995	£17.75M £13.31M–£22.19M	—	—	183	30y	84	80y
COMMERCIAL COURT INNS LIMITED→ NI017998 · est 1984	£8.02M £6.01M–£10.02M	—	—	91	41y	88	71y
HAMILTON & KIRK LIMITED→ NI007110 · est 1967	£7.94M £5.96M–£9.93M	—	—	91	58y	84	71y
RAHON ENTERPRISES LIMITED→ NI025935 · est 1991	£5.28M £3.96M–£6.60M	£25.47M	—	140600	34y	87	70y
ARDGLASS SEA PRODUCTS LIMITED→ NI019419 · est 1986	£2.80M £2.10M–£3.50M	£13.23M	—	2300	40y	84	74y
CORPORATE CATERING SERVICES (N.I.) LIMITED→ NI057271 · est 2005	£1.08M £811.6k–£1.35M	—	—	5000	20y	85	72y
PAUL CONNAN LIMITED→ NI043593 · est 2002	£1.02M £763.9k–£1.27M	£24.77M	—	63000	23y	87	67y
CRAIGANTLET FARMS LIMITED→ NI004897 · est 1961	£455.3k £341.5k–£569.1k	£4.92M	—	9600	65y	87	66y
FLOYDS AND BALLYMAGORRY ARMS LTD→ NI067811 · est 2008	£90.2k £67.7k–£112.8k	—	—	1900	18y	87	67y
KNOXLINK LIMITED→ NI038117 · est 2000	—	—	—	4500	26y	87	65y
BEGNEY MEATS LTD→ NI072850 · est 2009	—	—	£296.3k	—	16y	83	61y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

14 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

Statusliquidation

Typeltd

Incorporated2012-09-03

Jurisdictionnorthern-ireland

Primary SIC56302 — Public houses and bars

Registered office

C/O Jt Maxwell Limited Unit 1 Lagan House

Sackville Street

Lisburn

BT27 4AB

Filing status

Accounts

Next due: 2024-06-27OVERDUE

Last made up to: 2022-09-27

Confirmation statement

Next due: 2024-08-24OVERDUE

Last: 2023-08-10

Officers (1 active · 4 resigned)

HUGHES, Carol→

director · ~68y · appointed 2012-09-03

View their other companies + combined net worth →

Active

GIBBONS, James→

director · ~62y · appointed 2016-04-29 · resigned 2016-04-29

Resigned

HUGHES, John→

director · ~69y · appointed 2020-08-12 · resigned 2020-10-01

Resigned

JENKINS, Martina→

director · ~59y · appointed 2012-11-07 · resigned 2013-10-01

Resigned

OREILLY, Margaret Anne→

director · ~56y · appointed 2013-10-01 · resigned 2014-04-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
outstanding	Fernmount Trading (NI) Fernmount Trading (NI) LTD	A registered charge	—	17/10/2018	—
outstanding	Assetz Capital Trust Company (As Security Trustee) Assetz Capital Trust Company Limited (As Security Trustee)	A registered charge	—	15/11/2016	—
outstanding	Assetz Capital Trust Company (As Security Trustee) Assetz Capital Trust Company Limited (As Security Trustee)	A registered charge	1 property	15/11/2016	—
satisfied	Meridian Trust Company Meridian Trust Company Limited	A registered charge	1 property	22/11/2013	23/05/2017
satisfied	Meridian Trust Company Meridian Trust Company Limited	A registered charge	1 property	22/11/2013	23/05/2017
satisfied	Meridian Mortgage Corporation Meridian Mortgage Corporation Limited	A registered charge	1 property	22/11/2013	23/05/2017
satisfied	Meridan Mortgage Corporation Meridan Mortgage Corporation Limited	A registered charge	1 property	22/11/2013	23/05/2017

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

liquidation-liquidation-statement-of-receipts-and-payments-northern-ireland-with-brought-down-date

insolvency · 4.69(NI)

2025-08-14

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-07-26

liquidation-appointment-of-liquidator

insolvency · VL1

2024-07-19

liquidation-statement-of-affairs-northern-ireland

insolvency · 4.21(NI)

2024-07-19

resolution

resolution · RESOLUTIONS

2024-07-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-06

gazette-filings-brought-up-to-date

gazette · DISS40

2023-08-23

gazette-notice-compulsory

gazette · GAZ1

2023-08-22

accounts-with-accounts-type-micro-entity

accounts · AA

2023-08-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-10-07

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2022-06-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-21

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-03-26

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-03-26

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-03-26