ODEC RETAIL LIMITED

🌳Matureactive
NI634037 · ltd · incorporated 2015-10-05
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 10.3y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
26 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31

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

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-01-17
    🔒
    Charge registered #3
    Lender: Musgrave Retail Partners NI Limited
  7. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2018-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-06-12
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2017-02-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2016-05-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2016-04-21
    🔒
    Charge registered #2
    Lender: Musgrave Retail Partners NI Limited
  17. 2016-02-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2016-02-12
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  19. 2015-10-05
    🏢
    Company incorporated
    As ODEC RETAIL LIMITED
  20. 2015-10-05
    ➕
    MCGOVERAN, Donagh appointed
    secretary
  21. 2015-10-05
    ➕
    MCGOVERAN, Donagh appointed
    director
  22. 2015-10-05
    ➕
    MCGOVERN, Orla appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Donagh Mcgovern
Individual · Irish · DOB 06/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Orla Mcgovern
Individual · Irish · DOB 11/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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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
Incorporated2015-10-05
Jurisdictionnorthern-ireland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

T/A Centra Cathedral Quarter
70-74 Donegall Street
Belfast
Co. Antrim
BT1 2GU
Northern Ireland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04

Officers (3 active · 0 resigned)

MCGOVERAN, Donagh→
secretary · appointed 2015-10-05
View their other companies + combined net worth →
Active
MCGOVERAN, Donagh→
director · ~55y · appointed 2015-10-05
View their other companies + combined net worth →
Active
MCGOVERN, Orla→
director · ~49y · appointed 2015-10-05
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Musgrave Retail Partners NI
Musgrave Retail Partners NI Limited
A registered charge—17/01/2022—
outstanding
Musgrave Retail Partners NI
Musgrave Retail Partners NI Limited
A registered charge1 property21/04/2016—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge—12/02/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-08