P.A. SKELLY DEVELOPMENTS LTD

💤Zombieactive

NI628782 · ltd · incorporated 2015-01-19

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 Mar 2025

Net worth

£301.7k

book net assets

Opportunity

73/100

Strong

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What this business does

Day-to-day, this Belfast-based construction firm most likely manages and delivers domestic residential building projects in Northern Ireland, covering activities such as new-build house construction, site development, and overseeing subcontractors across various housing developments.

Primary activity: Construction of domestic buildings

Sector: Construction

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -86% YoY — forensic review of receivables, stock turns, and creditor days. 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, 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

Network not yet resolved

Filing history

28 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £301,720

Cash draining

Cash down 86% YoY

Cash YoY

-86%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£27k

↓ 86% YoY

Net Worth

£302k

↑ 12% YoY

Current Assets

£407k

↑ 8.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£308.4k	£295.4k
Current assets	£407.4k	£376.1k
Cash	£26.6k	£193.6k
Debtors	£4.7k	£2.4k
Net assets	£301.7k	£270.5k

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

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-31
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-12-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-08-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-19
🏢
Company incorporated
As P.A. SKELLY DEVELOPMENTS LTD
2015-01-19
➕
SKELLY, Philip 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 name in company name: Company name contains director surname "SKELLY" — strong identity link between founder and business.
+No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Philip Skelly Individual · British · DOB 06/1983 · age 43	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	19/01/2017

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

Similar companies

Active · Construction · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BSG CIVIL ENGINEERING LIMITED→ NI021016 · est 1987	£25.64M £18.31M–£32.96M	£36.49M	—	8700	38y	85	73y
E.J.C. CONTRACTS LTD→ NI045412 · est 2003	£24.60M £17.57M–£31.62M	£27.26M	—	7700	23y	90	54y
P MCVEY BUILDING SYSTEMS LTD→ NI634141 · est 2015	£14.13M £10.09M–£18.17M	£24.15M	—	5400	10y	90	66y
M.J. MCBRIDE CONSTRUCTION LTD→ NI066620 · est 2007	£14.06M £10.04M–£18.07M	£19.82M	—	1500	18y	87	77y
SOUTH BANK SQUARE LTD→ NI605444 · est 2010	£12.16M £8.69M–£15.64M	£13.65M	—	400	15y	86	73y
P MCK LTD→ NI062901 · est 2007	£7.58M £5.42M–£9.75M	£16.85M	—	5100	19y	87	71y
CORICK INVESTMENTS LIMITED→ NI025056 · est 1990	£6.35M £4.54M–£8.16M	—	—	0	35y	92	69y
BAYVIEW CONTRACTS LTD→ NI041488 · est 2001	£4.57M £3.26M–£5.87M	£24.46M	—	17900	24y	87	61y
ADSTON (UK) LIMITED→ NI605512 · est 2010	£4.00M £2.86M–£5.15M	£11.40M	—	1100	15y	100	79y
F G ANDERSON & SONS LTD→ NI681234 · est 2021	£2.79M £1.99M–£3.59M	—	—	0	4y	85	69y
THORNTON ROOFING (IRELAND) LIMITED→ NI041349 · est 2001	£2.68M £1.91M–£3.44M	£16.60M	—	9300	24y	87	88y
C.B. CONTRACTS (N.I.) LTD→ NI038170 · est 2000	£1.49M £1.06M–£1.91M	—	—	70	26y	85	64y

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 →

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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

Incorporated2015-01-19

Jurisdictionnorthern-ireland

Primary SIC41202 — Construction of domestic buildings

Registered office

Mcguire + Farry Ltd Emerson Road

Carryduff

Belfast

BT8 8DN

Northern Ireland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-02

Last: 2026-01-19

Officers (1 active · 0 resigned)

SKELLY, Philip→

director · ~43y · appointed 2015-01-19

View their other companies + combined net worth →

Active

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

Recent filings (28 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-21

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-12-29

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-06-11

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-01-31

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-30

change-person-director-company-with-change-date

officers · CH01

2025-01-30

change-person-director-company-with-change-date

officers · CH01

2025-01-30

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-01-30

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-12-30

confirmation-statement-with-updates

confirmation-statement · CS01

2024-01-31

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2023-12-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-30

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2022-12-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-01-27

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-09-08