PRIMACY PROPERTIES LTD

💤Zombieactive
NI636787 · ltd · incorporated 2016-03-01
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 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 75/100 (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: 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

2 live charges · 2 lenders · oldest 9.2y

30/100
under pressure

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

  • · Oldest live charge is 9.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
40 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.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-03-27
Average employees0

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  2. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-08-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-08-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-03-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  6. 2024-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-03-29
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  9. 2023-12-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  10. 2022-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-12-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-31
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  14. 2019-12-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2018-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-11-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-07-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-07-03
    🔒
    Charge registered #2
    Lender: Mnv LTD.
  19. 2017-11-10
    ➕
    NEWELL, Vanessa Clare appointed
    director
  20. 2017-11-10
    ➖
    PATTERSON, Philip George resigned
    director
  21. 2017-04-07
    ➖
    GIBBONS, James resigned
    director
  22. 2017-04-07
    ➕
    PATTERSON, Philip George appointed
    director
  23. 2017-04-07
    🔒
    Charge registered #1
    Lender: Joseph Ogle
  24. 2016-03-01
    🏢
    Company incorporated
    As PRIMACY PROPERTIES LTD
  25. 2016-03-01
    ➕
    GIBBONS, James 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

45/100
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.

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
Mrs Vanessa Clare Newell
Individual · British · DOB 02/1974 · age 52
75–100%
—75-100% shares12/12/2017
2 historic (ceased) PSCs
  • Mr Ian Newellceased 12/12/2017· 75-100% shares · 75-100% voting · board control
  • Gdp Capital Real Estate Ltdceased 07/04/2017· 75-100% shares · 75-100% voting · board control

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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—£56.8k—26y8384y
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
Incorporated2016-03-01
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

25 Andrews Shorefield
Groomsport
Bangor
BT19 6LJ
Northern Ireland

Filing status

Accounts
Next due: 2026-06-27
Last made up to: 2024-03-27
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (1 active · 2 resigned)

NEWELL, Vanessa Clare→
director · ~52y · appointed 2017-11-10
View their other companies + combined net worth →
Active
GIBBONS, James→
director · ~62y · appointed 2016-03-01 · resigned 2017-04-07
Resigned
PATTERSON, Philip George→
director · ~50y · appointed 2017-04-07 · resigned 2017-11-10
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Mnv .
Mnv LTD.
A registered charge1 property03/07/2018—
outstanding
Joseph Ogle
A registered charge1 property07/04/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

change-account-reference-date-company-current-shortened
accounts · AA01
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-30
gazette-notice-compulsory
gazette · GAZ1
2025-08-26
change-account-reference-date-company-current-shortened
accounts · AA01
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
change-account-reference-date-company-current-shortened
accounts · AA01
2024-03-29
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-30