DRUMARG PROPERTY SERVICES LIMITED

💤Zombieactive
NI624299 · ltd · incorporated 2014-04-28
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 Apr 2025
Net worth
£-4.7k
book net assets
Opportunity
75/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.5y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 7.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £4,718

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£5k
↓ 2.8% YoY
Current Assets
£81k
↑ 3003% YoY
Current Liabilities
—
-£5k£12k£30k£47k£64k£81kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£241.2k£117.9k
Current assets£81.0k£2.6k
Net assets£-4.7k£-4.6k

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 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-10-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-05-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-01-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-01-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2018-12-03
    🔒
    Charge registered #1
    Lender: Sheelagh Mccague
  14. 2018-01-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-01-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2016-05-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-25
    ➕
    MALLON, Vincent appointed
    secretary
  18. 2015-05-25
    ➕
    MALLON, Vincent appointed
    director
  19. 2015-05-25
    ➖
    MCCAGUE, Sheelagh resigned
    secretary
  20. 2015-05-25
    ➖
    MCCAGUE, Sheelagh resigned
    director
  21. 2014-04-28
    🏢
    Company incorporated
    As DRUMARG PROPERTY SERVICES LIMITED
  22. 2014-04-28
    ➕
    MCCAGUE, Sheelagh appointed
    secretary
  23. 2014-04-28
    ➕
    MCCAGUE, Sheelagh appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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%
NameSharesVoting rightsNature of controlNotified
Mr Vincent Mallon
Individual · Irish · DOB 03/1977 · age 49
75–100%
—75-100% shares30/08/2024
1 historic (ceased) PSC
  • Ms Sheelagh Mccagueceased 18/10/2024· 75-100% shares

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 · Property · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BROAD ENTERPRISES LIMITED→
NI024814 · est 1990
£2.12M
£1.80M–£2.43M
—£2.12M—35y8364y
BALLYMONEY HILL ESTATES LTD→
NI049964 · est 2004
£776.0k
£659.6k–£892.4k
—£776.0k—22y8370y
CATHERWOOD ESTATES (BELFAST) LIMITED→
NI005465 · est 1963
£361.5k
£307.3k–£415.8k
—£361.5k—63y8364y
CARLISLE ROAD PROPERTIES LIMITED→
NI056605 · est 2005
£333.2k
£283.2k–£383.2k
—£333.2k—20y8386y
BALLINAMALLARD ENTERPRISE COMPANY LIMITED→
NI034886 · est 1998
£236.5k
£201.0k–£271.9k
—£236.5k—27y8386y
CASTLE DEVELOPMENTS (LISBURN) LIMITED→
NI064226 · est 2007
£208.9k
£177.6k–£240.2k
—£208.9k—19y8361y
COAGH & DISTRICT DEVELOPMENT ASSOCIATION LIMITED→
NI030106 · est 1995
£205.6k
£174.8k–£236.5k
—£205.6k—30y8374y
BESSBROOK DEVELOPMENT COMPANY LIMITED→
NI027239 · est 1993
£158.2k
£134.5k–£182.0k
—£158.2k—33y8394y
ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→
NI020714 · est 1987
£141.8k
£120.5k–£163.0k
—£141.8k—38y8378y
CLOGHER VALLEY PROPERTIES LIMITED→
NI029266 · est 1995
£106.5k
£90.5k–£122.4k
—£106.5k—31y8377y
JECK LTD→
NI616037 · est 2012
—£11.66M—270013y8459y
CFR 75 LIMITED→
NI623827 · est 2014
—£791.1k—012y8459y
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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-04-28
Jurisdictionnorthern-ireland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

52 Ogle Street Ogle Street
Armagh
BT61 7EW
Northern Ireland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-12
Last: 2026-04-28

Officers (2 active · 2 resigned)

MALLON, Vincent→
secretary · appointed 2015-05-25
View their other companies + combined net worth →
Active
MALLON, Vincent→
director · ~49y · appointed 2015-05-25
View their other companies + combined net worth →
Active
MCCAGUE, Sheelagh→
secretary · appointed 2014-04-28 · resigned 2015-05-25
Resigned
MCCAGUE, Sheelagh→
director · ~52y · appointed 2014-04-28 · resigned 2015-05-25
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Sheelagh Mccague
A registered charge—03/12/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-19