SPRAYTEC IRELAND LTD

💤Zombieactive

NI637025 · ltd · incorporated 2016-03-10

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

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (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).

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

2 officers (1 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

22 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

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
Average employees	1000	1000

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (16 events)Click to expand

2025-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-07-25
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2017-07-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-06-30
➖
MCCONVILLE, Ciaran resigned
director
2016-03-10
🏢
Company incorporated
As SPRAYTEC IRELAND LTD
2016-03-10
➕
CORR, Phelim appointed
director
2016-03-10
➕
MCCONVILLE, Ciaran appointed
director
2016-03-10
📄
incorporation-company
incorporation · NEWINC

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Phelim Corr Individual · Irish · DOB 09/1972 · age 54	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

1 historic (ceased) PSC

Mr Ciaran Mcconvilleceased 30/06/2017· 25-50% shares · 25-50% voting · board control

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
PETER MCCORMACK & SONS LIMITED→ NI038813 · est 2000	£16.43M £11.74M–£21.13M	—	—	2200	25y	85	60y
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
D B BUILDING CONTRACTS LTD→ NI045897 · est 2003	£8.19M £5.85M–£10.53M	—	—	48	23y	84	60y
J. H. TURKINGTON & SONS LIMITED→ NI018132 · est 1985	£7.97M £5.69M–£10.25M	—	—	8000	41y	84	72y
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

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

Incorporated2016-03-10

Jurisdictionnorthern-ireland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

68 Airfield Road Creagh

Toomebridge

Co. Antrim

BT41 3SQ

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-23

Last: 2026-03-09

Officers (1 active · 1 resigned)

CORR, Phelim→

director · ~54y · appointed 2016-03-10

View their other companies + combined net worth →

Active

MCCONVILLE, Ciaran→

director · ~47y · appointed 2016-03-10 · resigned 2017-06-30

Resigned

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