MCDADE DERRYLIN LTD
💤Zombieactive
NI631263 · ltd · incorporated 2015-05-13
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 Sept 2024
Net worth
£126.9k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 65/100. 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: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 10.6y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 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
50
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 declaredPositive net assets
Net assets £126,899
Net assets shrinking
Down £37,701 YoY
Cash YoY
-20%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£323k
↓ 20% YoY
Net Worth
£127k
↓ 23% YoY
Current Assets
£397k
↓ 20% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £488.4k | £632.7k |
| Current assets | £396.5k | £498.7k |
| Cash | £323.5k | £402.1k |
| Debtors | £6.5k | £4.2k |
| Net assets | £126.9k | £164.6k |
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
2
filings
- • 2 confirmation-statement
Last 90 days
2
filings
- • 2 confirmation-statement
Last 180 days
2
filings
- • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-04-28📄replacement-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP01CS01
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-15🔒Charge registered #4Lender: Musgrave Retail Partners NI Limited
- 2023-02-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-04-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-10-06📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2016-06-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-10-31🔒Charge registered #3Lender: Musgrave Retail Partners NI Limited
- 2015-10-31🔒Charge registered #2Lender: The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) PLC
- 2015-10-31🔒Charge registered #1Lender: The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) PLC
- 2015-05-13🏢Company incorporatedAs MCDADE DERRYLIN LTD
- 2015-05-13➕MCDADE, Aidan appointeddirector
Owner dependency
95/100
Critical — business is the founderThe 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 "MCDADE" — 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 signalSome 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Aidan Mcdade Individual · Irish · DOB 08/1971 · age 55 | — | — | sig. influencesignificant influence | 01/05/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| MICHEAL CLEASBY LIMITED→ NI730954 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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| MILANOS LTD→ NI066644 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MILLARS FOODHALL LIMITED→ NI655512 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MILLIGANS SHOP ARDGLASS LTD→ NI652225 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| MINDWELL CONSULTING LTD→ NI710015 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| MINGYANYA LIMITED→ NI706444 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MINI RED LIMITED→ NI703112 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2015-05-13
Jurisdictionnorthern-ireland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered office
51 Main Street
Derrylin
Co. Fermanagh
BT92 9JZ
United Kingdom
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-05-06
Last: 2026-04-22
Officers (1 active · 0 resigned)
MCDADE, Aidan→
Activedirector · ~55y · appointed 2015-05-13
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Musgrave Retail Partners NI Musgrave Retail Partners NI Limited | A registered charge | 1 property | 15/09/2023 | — | |
| outstanding | Musgrave Retail Partners NI Musgrave Retail Partners NI Limited | A registered charge | 1 property | 31/10/2015 | — | |
| outstanding | The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) PLC | A registered charge | 1 property | 31/10/2015 | — | |
| outstanding | The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) The Governor and Company of the Bank of Ireland as Security Trustee for the Governor and Company of the Bank of Ireland and Bank of Ireland (UK) PLC | A registered charge | — | 31/10/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (27 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-28
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-01