ANCG LIMITED

💤Zombieactive
NI644119 · ltd · incorporated 2017-02-23
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Feb 2024
Net worth
£77.9k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. 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

1 live charge · oldest 1.6y

10/100
under pressure

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

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £77,924

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£78k
Current Assets
£417k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-02-28
Total assets£130.1k
Current assets£417.5k
Net assets£77.9k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-02-27
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  2. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-02-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-01-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-11-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-11-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2024-11-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2024-10-30
    🔒
    Charge registered #1
    Lender: Ballyvadden Properties
  9. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2024-02-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-08-15
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2022-07-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-07-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-07-06
    ANNETT, Adam resigned
    director
  16. 2022-03-22
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2022-03-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-11-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2021-11-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2021-11-18
    ANNETT, David Hugh appointed
    director
  21. 2021-10-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2021-09-30
    ANNETT, David Hugh resigned
    director
  23. 2021-04-16
    ANNETT, David Hugh appointed
    director
  24. 2021-03-02
    ANNETT, David Hugh resigned
    director
  25. 2021-02-21
    ANNETT, Adam appointed
    director
  26. 2017-02-23
    🏢
    Company incorporated
    As ANCG LIMITED
  27. 2017-02-23
    ANNETT, David Hugh appointed
    secretary
  28. 2017-02-23
    ANNETT, David Hugh 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Ardtanagh Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ardtanagh Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
ANCG LIMITED
This company · NI644119

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ardtanagh Holdings Limited
Corporate entity
75100%
75-100% shares14/11/2024
1 historic (ceased) PSC
  • Mr David Hugh Annettceased 14/11/2024· 25-50% shares · 25-50% voting

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
Incorporated2017-02-23
Jurisdictionnorthern-ireland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

6 Enterprise House
Enterprise Crescent
Lisburn
BT28 2BP
Northern Ireland

Filing status

Accounts
Next due: 2026-05-27
Last made up to: 2024-02-28
Confirmation statement
Next due: 2026-06-27
Last: 2025-06-13

Officers (2 active · 3 resigned)

ANNETT, David Hugh
secretary · appointed 2017-02-23
View their other companies + combined net worth →
Active
ANNETT, David Hugh
director · ~49y · appointed 2021-11-18
View their other companies + combined net worth →
Active
ANNETT, Adam
director · ~41y · appointed 2021-02-21 · resigned 2022-07-06
Resigned
ANNETT, David Hugh
director · ~49y · appointed 2021-04-16 · resigned 2021-09-30
Resigned
ANNETT, David Hugh
director · ~49y · appointed 2017-02-23 · resigned 2021-03-02
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Ballyvadden Properties
A registered charge1 property30/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

change-account-reference-date-company-current-shortened
accounts · AA01
2026-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
certificate-change-of-name-company
change-of-name · CERTNM
2022-08-15
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-01