NORTH RIDGE EXPLORATION LTD

💤Zombieactive

NI622522 · ltd · incorporated 2014-01-28

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2025

Net worth

£-33.0k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: SIC 08990

Sector: Mining & quarrying

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (81/100)

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

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

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

Director network

5 connected companies via shared directors

Filing history

30 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £32,990

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£33k

↓ 1.5% YoY

Current Assets

£26k

↑ 51% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-01-31	2024-01-31
Total assets	£-30.1k	£-29.6k
Current assets	£26.3k	£17.4k
Net assets	£-33.0k	£-32.5k

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

🔒Filing-note intelligence

1 signal 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

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-10-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-10-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-23
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-30
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2017-02-06
📄
change-person-director-company-with-change-date
officers · CH01
2017-01-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-05
📄
change-person-director-company-with-change-date
officers · CH01
2014-01-28
🏢
Company incorporated
As NORTH RIDGE EXPLORATION LTD
2014-01-28
➕
ENNIS, Melvyn Samuel James appointed
director

Owner dependency

95/100

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 74 — succession pressure is live.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

88/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 12 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Melvyn Samuel James Ennis Individual · British · DOB 04/1952 · age 74	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	28/01/2017

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 · Manufacturing · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NICOBRAND LIMITED→ NI033276 · est 1997	£92.22M £71.73M–£112.72M	—	—	6500	28y	85	58y
CONEXPO (NI) LIMITED→ NI025270 · est 1991	£30.52M £23.74M–£37.30M	£38.91M	—	4200	35y	85	81y
METAL TECHNOLOGY LIMITED→ NI018949 · est 1985	£19.88M £15.46M–£24.30M	—	—	8100	40y	84	82y
OAKWOOD DOOR DESIGNS LIMITED→ NI035907 · est 1999	£19.38M £15.08M–£23.69M	—	—	324	27y	85	61y
COLORITE EUROPE LIMITED→ NI030887 · est 1996	£17.60M £13.69M–£21.52M	£19.22M	—	4000	29y	85	64y
JAMES F MCCUE LIMITED→ NI005090 · est 1961	£11.70M £9.10M–£14.30M	£44.45M	—	13200	64y	88	65y
WARMFLOW ENGINEERING CO.LIMITED→ NI016292 · est 1982	£10.72M £8.34M–£13.10M	£20.29M	—	8300	43y	84	60y
MOYOLA PRECISION ENGINEERING LIMITED→ NI011104 · est 1976	£9.10M £7.08M–£11.12M	£25.33M	—	14500	50y	93	61y
GRAY & ADAMS (IRELAND) LIMITED→ NI015858 · est 1982	£8.63M £6.71M–£10.54M	—	—	69	43y	87	71y
ATC SYSTEMS LIMITED→ NI035553 · est 1999	£8.25M £6.41M–£10.08M	£8.09M	—	6900	27y	84	63y
CROSSLAND TANKERS LIMITED→ NI018916 · est 1985	£7.56M £5.88M–£9.24M	£23.91M	—	13200	40y	87	67y
BLK BOX FITNESS LIMITED→ NI611745 · est 2012	£6.75M £5.25M–£8.25M	£19.58M	—	10400	14y	84	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2014-01-28

Jurisdictionnorthern-ireland

Primary SIC08990 — SIC 08990

Registered office

Ormeau House

91-97 Ormeau Road

Belfast

Antrim

BT7 1SH

Filing status

Accounts

Next due: 2026-10-27

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-02-11

Last: 2026-01-28

Officers (1 active · 0 resigned)

ENNIS, Melvyn Samuel James→

director · ~74y · appointed 2014-01-28

View their other companies + combined net worth →

Active

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

Recent filings (30 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-30

accounts-with-accounts-type-micro-entity

accounts · AA

2025-10-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-29

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-28

change-account-reference-date-company-previous-shortened

accounts · AA01

2024-10-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-29

accounts-with-accounts-type-micro-entity

accounts · AA

2023-10-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-30

accounts-with-accounts-type-micro-entity

accounts · AA

2022-10-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-01-28

accounts-with-accounts-type-micro-entity

accounts · AA

2021-10-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-04-13

accounts-with-accounts-type-micro-entity

accounts · AA

2021-01-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-01-23