MILLSTREET TRADING AND DEVELOPMENTS LTD

💤Zombieactive

NI643969 · ltd · incorporated 2017-02-16

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 Dec 2022

Net worth

£112.2k

book net assets

Opportunity

66/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

70229Management consultancy activities other than financial management

Investor take

Special-situation opportunity

Distressed property with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 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

9 officers (1 active, 9 linked, 9 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

65 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

66/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £112,160

Net assets shrinking

Down £354,204 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£112k

↓ 76% YoY

Current Assets

£180k

↓ 31% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2022-12-31	2021-12-31
Total assets	£162.2k	£759.5k
Current assets	£180.0k	£261.0k
Cash	—	£23.1k
Debtors	£180.0k	£76.3k
Net assets	£112.2k	£466.4k

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

filings

• 1 gazette
• 1 confirmation-statement

Last 180 days

filings

• 1 gazette
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2026-03-10
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-12-05
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-11-26
📄
gazette-notice-compulsory
gazette · GAZ1
2024-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-04
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-12-26
📄
gazette-notice-compulsory
gazette · GAZ1
2023-05-24
➕
NICHOLL, Adrian appointed
director
2023-05-24
➖
KANE, Caleb resigned
director
2023-05-24
➖
LOGAN, Diarmuid Mt resigned
director
2023-05-24
➖
NEWELL, Jordan resigned
director
2023-05-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-15
➖
NICHOLL, Adrian resigned
director
2023-03-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-01
➕
LOGAN, Diarmuid Mt appointed
director
2022-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-05-30
➕
KANE, Caleb appointed
director
2022-05-30
➕
NEWELL, Jordan appointed
director
2022-05-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-05-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-05-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-12
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2021-03-03
📄
capital-cancellation-shares
capital · SH06
2019-11-29
➖
NICHOLL, Alana resigned
director
2019-11-21
➖
FORDE, David resigned
director
2019-11-21
➖
VANGEV, Asen resigned
director
2019-08-29
➕
FORDE, David appointed
director
2019-08-29
➕
VANGEV, Asen appointed
director
2019-08-19
➕
NICHOLL, Alana appointed
director
2018-10-30
➕
NICHOLL, Adrian appointed
director
2018-10-30
➖
PEGLEY, Eamonn resigned
director
2017-02-16
🏢
Company incorporated
As MILLSTREET TRADING AND DEVELOPMENTS LTD
2017-02-16
➕
PEGLEY, Eamonn appointed
director

Owner dependency

83/100

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.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·

Accounts overdue

high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-09-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Adrian Nicholl Individual · British · DOB 05/1963 · age 63	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	30/10/2018

1 historic (ceased) PSC

Mr Eamonn Pegleyceased 30/10/2018· 75-100% shares

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 →

Similar companies

Active · Property · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998	£236.5k £201.0k–£271.9k	—	£236.5k	—	27y	83	86y
ANTRIM COUNTY INVESTMENT MANAGERS LIMITED→ NI020714 · est 1987	£141.8k £120.5k–£163.0k	—	£141.8k	—	38y	83	78y
JECK LTD→ NI616037 · est 2012	—	£11.66M	—	2700	13y	84	59y
CFR 75 LIMITED→ NI623827 · est 2014	—	£791.1k	—	0	12y	84	59y
MCCARTHY PRIME PROPERTIES LTD→ NI052166 · est 2004	—	£10.9k	—	0	21y	88	80y
HILLVIEW LODGE LIMITED→ NI025138 · est 1990	—	—	—	187	35y	87	76y
STRATHDEN LIMITED→ NI626346 · est 2014	—	—	—	200	11y	85	62y
ADREM INVESTMENTS LIMITED→ NI031681 · est 1996	—	—	—	0	29y	83	77y
ARDFOYLE TRUST→ NI016968 · est 1983	—	—	—	700	42y	83	87y
ARDILAUN LTD→ NI057602 · est 2005	—	—	—	400	20y	83	76y
ASHTREE INVESTMENTS LIMITED→ NI026837 · est 1992	—	—	—	300	33y	83	63y
BALLYKEEL BUSINESS DEVELOPMENT LTD→ NI033029 · est 1997 · no financials extracted	—	—	—	—	28y	83	84y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2017-02-16

Jurisdictionnorthern-ireland

Primary SIC68100 — Buying and selling of own real estate

Registered office

20-24 Mill Street

Gilford

Co. Armagh

BT63 6HQ

Northern Ireland

Filing status

Accounts

Next due: 2024-09-30OVERDUE

Last made up to: 2022-12-31

Confirmation statement

Next due: 2026-05-25

Last: 2025-05-11

Officers (1 active · 8 resigned)

NICHOLL, Adrian→

director · ~63y · appointed 2023-05-24

View their other companies + combined net worth →

Active

FORDE, David→

director · ~49y · appointed 2019-08-29 · resigned 2019-11-21

Resigned

KANE, Caleb→

director · ~23y · appointed 2022-05-30 · resigned 2023-05-24

Resigned

LOGAN, Diarmuid Mt→

director · ~30y · appointed 2022-11-01 · resigned 2023-05-24

Resigned

NEWELL, Jordan→

director · ~28y · appointed 2022-05-30 · resigned 2023-05-24

Resigned

NICHOLL, Adrian→

director · ~63y · appointed 2018-10-30 · resigned 2023-03-15

Resigned

NICHOLL, Alana→

director · ~30y · appointed 2019-08-19 · resigned 2019-11-29

Resigned

PEGLEY, Eamonn→

director · ~50y · appointed 2017-02-16 · resigned 2018-10-30

Resigned

VANGEV, Asen→

director · ~36y · appointed 2019-08-29 · resigned 2019-11-21

Resigned

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

Recent filings (65 total)

gazette-filings-brought-up-to-date

gazette · DISS40

2026-03-10

confirmation-statement-with-updates

confirmation-statement · CS01

2026-03-09

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2024-12-05

gazette-notice-compulsory

gazette · GAZ1

2024-11-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-05-30

confirmation-statement-with-updates

confirmation-statement · CS01

2024-05-14

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

persons-with-significant-control · PSC04

2024-05-14

gazette-filings-brought-up-to-date

gazette · DISS40

2024-01-13

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2024-01-04

gazette-notice-compulsory

gazette · GAZ1

2023-12-26

confirmation-statement-with-updates

confirmation-statement · CS01

2023-05-31

termination-director-company-with-name-termination-date

officers · TM01

2023-05-24

termination-director-company-with-name-termination-date

officers · TM01

2023-05-24

termination-director-company-with-name-termination-date

officers · TM01

2023-05-24

appoint-person-director-company-with-name-date

officers · AP01

2023-05-24