TND MANAGEMENT SERVICES LIMITED
🏛️Establishedactive
NI644780 · ltd · incorporated 2017-03-24
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£193.0k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 7.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 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
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
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 102Positive net assets
Net assets £192,955
Cash YoY
+288%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£168k
↑ 288% YoY
Net Worth
£193k
↑ 19% YoY
Current Assets
£305k
↑ 107% YoY
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 |
|---|---|---|
| Total assets | £414.3k | £400.4k |
| Current assets | £305.1k | £147.6k |
| Cash | £168.0k | £43.3k |
| Debtors | £1.3k | £227 |
| Net assets | £193.0k | £162.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-09-22📄mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-22📄mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-05-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-04-19🔒Charge registered #5Lender: Kensington Mortgage Company Limited
- 2021-04-19🔒Charge registered #4Lender: Kensington Mortgages Company Limited
- 2021-03-15📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-01-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-05-13🔒Charge registered #3Lender: Atom Bank PLC
- 2019-05-13🔒Charge registered #2Lender: Atom Bank PLC
- 2019-05-13🔒Charge registered #1Lender: Atom Bank PLC
- 2018-12-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-03-24🏢Company incorporatedAs TND MANAGEMENT SERVICES LIMITED
- 2017-03-24➕DOWNEY, Nicola appointeddirector
- 2017-03-24➕DOWNEY, Thomas appointeddirector
- 2017-03-24📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Nicola Downey Individual · Irish · DOB 11/1969 · age 57 | 25–50% | — | 25-50% shares | 24/03/2017 |
Mr Thomas Downey Individual · Irish · DOB 02/1969 · age 57 | 25–50% | — | 25-50% shares | 24/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 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 |
| AHOGHILL COMMUNITY PROPERTY DEVELOPMENT COMPANY LTD→ NI055105 · est 2005 | — | — | — | 400 | 21y | 83 | 89y |
| 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 |
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
Incorporated2017-03-24
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
21 Culnafay Road
Toomebridge
Antrim
BT41 3QG
Northern Ireland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-06
Last: 2026-03-23
Officers (2 active · 0 resigned)
DOWNEY, Nicola→
Activedirector · ~57y · appointed 2017-03-24
View their other companies + combined net worth →
DOWNEY, Thomas→
Activedirector · ~57y · appointed 2017-03-24
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 19/04/2021 | — | |
| outstanding | Kensington Mortgages Company Kensington Mortgages Company Limited | A registered charge | 1 property | 19/04/2021 | — | |
| outstanding | Atom Bank Atom Bank PLC | A registered charge | — | 13/05/2019 | — | |
| outstanding | Atom Bank Atom Bank PLC | A registered charge | 2 properties | 13/05/2019 | — | |
| outstanding | Atom Bank Atom Bank PLC | A registered charge | 1 property | 13/05/2019 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-01
mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-22
mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-15