SM DEVINE LTD

💤Zombieactive

NI653222 · ltd · incorporated 2018-05-22

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 2024

Net worth

—

book net assets

Opportunity

70/100

Strong

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What this business does

Primary activity: Construction of domestic buildings

Sector: Construction

Investor take

Pursue

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

Opportunity 70/100 (strong), bankability 67/100. 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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

11 live charges · 4 lenders · oldest 6.4y

15/100

under pressure

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

· Oldest live charge is 6.4 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

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

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

38 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

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	2024-12-31	2023-12-31
Average employees	100	100

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

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2025-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-17
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-17
🔓
Charge satisfied #9
2025-11-17
🔓
Charge satisfied #8
2025-11-17
🔓
Charge satisfied #7
2025-10-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-27
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-27
🔒
Charge registered #11
Lender: National Westminster Bank PLC (Trading as Ulster Bank)
2025-10-17
🔒
Charge registered #10
Lender: National Westminster Bank PLC (Trading as Ulster Bank)
2024-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-27
🔒
Charge registered #9
Lender: The Governor and Company of the Bank of Ireland
2023-01-27
🔒
Charge registered #8
Lender: The Governor and Company of the Bank of Ireland
2023-01-27
🔒
Charge registered #7
Lender: The Governor and Company of the Bank of Ireland
2022-09-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-26
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-05-26
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-10-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-07
🔓
Charge satisfied #6
2021-10-07
🔓
Charge satisfied #5
2021-10-07
🔓
Charge satisfied #3
2021-10-07
🔓
Charge satisfied #2
2021-10-07
🔓
Charge satisfied #1
2021-10-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-05
🔓
Charge satisfied #4
2021-09-07
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-19
🔒
Charge registered #6
Lender: Fiduciam Nominees Limited
2020-11-19
🔒
Charge registered #5
Lender: Fiduciam Nominees Limited
2020-03-09
🔒
Charge registered #4
Lender: Merchant Money Spv a LTD
2020-03-09
🔒
Charge registered #3
Lender: Fiduciam Nominees Limited
2019-12-23
🔒
Charge registered #2
Lender: Fiduciam Nominees Limited
2019-12-23
🔒
Charge registered #1
Lender: Fiduciam Nominees Limited
2018-05-22
🏢
Company incorporated
As SM DEVINE LTD
2018-05-22
➕
DEVINE, Sean Michael appointed
director

Owner dependency

95/100

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.
+Founder name in company name: Company name contains director surname "DEVINE" — strong identity link between founder and business.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

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

🏛️

Sm Devine Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

SM DEVINE LTD

This company · NI653222

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%

Name	Shares	Voting rights	Nature of control	Notified
Sm Devine Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	22/05/2018

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 · 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
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
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
F G ANDERSON & SONS LTD→ NI681234 · est 2021	£2.79M £1.99M–£3.59M	—	—	0	4y	85	69y
THORNTON ROOFING (IRELAND) LIMITED→ NI041349 · est 2001	£2.68M £1.91M–£3.44M	£16.60M	—	9300	24y	87	88y
C.B. CONTRACTS (N.I.) LTD→ NI038170 · est 2000	£1.49M £1.06M–£1.91M	—	—	70	26y	85	64y

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

🔒Tailored diligence questions

8 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

Incorporated2018-05-22

Jurisdictionnorthern-ireland

Primary SIC41202 — Construction of domestic buildings

Registered office

Unit 7 441a Ballyquin Road

Dungiven

Londonderry

BT47 4NQ

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-04

Last: 2025-05-21

Officers (1 active · 0 resigned)

DEVINE, Sean Michael→

director · ~36y · appointed 2018-05-22

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
outstanding	NatWest Group National Westminster Bank PLC (Trading as Ulster Bank)	A registered charge	3 properties	27/10/2025	—
outstanding	NatWest Group National Westminster Bank PLC (Trading as Ulster Bank)	A registered charge	—	17/10/2025	—
satisfied	The Governor and Company of the Bank of Ireland	A registered charge	1 property	27/01/2023	17/11/2025
satisfied	The Governor and Company of the Bank of Ireland	A registered charge	1 property	27/01/2023	17/11/2025
satisfied	The Governor and Company of the Bank of Ireland	A registered charge	1 property	27/01/2023	17/11/2025
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	19/11/2020	07/10/2021
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	19/11/2020	07/10/2021
satisfied	Merchant Money Spv a Merchant Money Spv a LTD	A registered charge	1 property	09/03/2020	05/10/2021
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	09/03/2020	07/10/2021
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	23/12/2019	07/10/2021
satisfied	Fiduciam Nominees Fiduciam Nominees Limited	A registered charge	1 property	23/12/2019	07/10/2021

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-17

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-17

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-17

mortgage-satisfy-charge-full

mortgage · MR04

2025-11-17

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-10-29

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-10-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-28

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-21

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-22

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-01-30

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-01-30

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-01-30

accounts-with-accounts-type-micro-entity

accounts · AA

2022-09-29