CSI1818 LIMITED
🏛️Establishedactive
NI657368 · ltd · incorporated 2018-11-26
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 Nov 2024
Net worth
£-672.6k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 70/100 (strong), bankability 57/100. Strong seller-intent signal (60/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
20 live charges · 5 lenders · oldest 7.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 7.2 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)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
75
Lenders & charges
20 charges (20/20 with lender, 20/20 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
75
Strong succession / seller-readiness signals.
Risk profile
66
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £672,607
Net assets shrinking
Down £1,206,999 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
Net Worth
-£673k
↓ 226% YoY
Current Assets
£676k
↑ 15% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-672.6k | £534.4k |
| Current assets | £675.8k | £588.1k |
| Cash | £6.0k | — |
| Debtors | £74.8k | — |
| Net assets | £-672.6k | £534.4k |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-10-08📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-06-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-27🔓Charge satisfied #14
- 2025-06-26🔒Charge registered #20Lender: The Governor and Company of the Bank of Ireland
- 2025-06-26🔒Charge registered #19Lender: The Governor and Company of the Bank of Ireland
- 2025-06-26🔒Charge registered #18Lender: The Governor and Company of the Bank of Ireland
- 2024-11-07📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-11-06📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-05📄gazette-notice-compulsorygazette · GAZ1
- 2024-03-12📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-02-27📄gazette-notice-compulsorygazette · GAZ1
- 2023-09-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02🔓Charge satisfied #13
- 2023-06-02🔓Charge satisfied #12
- 2023-06-02🔓Charge satisfied #11
- 2023-06-02🔓Charge satisfied #10
- 2023-06-02🔓Charge satisfied #9
- 2023-06-02🔓Charge satisfied #8
- 2023-02-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-02-13🔒Charge registered #17Lender: Belfast Commercial Funding (I) Limited
- 2023-02-13🔒Charge registered #16Lender: Belfast Commercial Funding (I) Limited
- 2023-02-13🔒Charge registered #15Lender: Belfast Commercial Funding (I) Limited
- 2023-02-13🔒Charge registered #14Lender: Belfast Commercial Funding (I) Limited
- 2020-09-30🔓Charge satisfied #6
- 2020-09-30🔓Charge satisfied #5
- 2020-09-30🔓Charge satisfied #4
- 2020-09-30🔓Charge satisfied #3
- 2020-09-30🔓Charge satisfied #2
- 2020-09-29🔒Charge registered #13Lender: Fiduciam Nominees Limited
- 2020-09-29🔒Charge registered #12Lender: Fiduciam Nominees Limited
- 2020-09-29🔒Charge registered #11Lender: Fiduciam Nominees Limited
- 2020-09-29🔒Charge registered #10Lender: Fiduciam Nominees Limited
- 2020-09-29🔒Charge registered #9Lender: Fiduciam Nominees Limited
- 2020-09-29🔒Charge registered #8Lender: Fiduciam Nominees Limited
- 2020-09-28🔓Charge satisfied #1
- 2019-07-10🔒Charge registered #7Lender: Fiduciam Nominees Limited
- 2019-07-10🔒Charge registered #6Lender: Fiduciam Nominees Limited
- 2019-07-10🔒Charge registered #5Lender: Fiduciam Nominees LTD
Showing most recent 50 of 57 events
Owner dependency
78/100
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.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
2 med · 1 low3 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-06-26: A registered charge; 2025-06-26: A registered charge; 2025-06-26: A registered charge
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Gibbons Individual · British · DOB 09/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/11/2018 |
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 | £24.32M £17.37M–£31.26M | £30.79M | — | 6600 | 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
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
Incorporated2018-11-26
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects
Registered office
Gdp House, 159 Durham Street
Belfast
BT12 4GB
United Kingdom
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25
Officers (2 active · 0 resigned)
GIBBONS, James→
Activedirector · ~62y · appointed 2018-11-26
View their other companies + combined net worth →
O'LEARY, Joseph Francis→
Activedirector · ~69y · appointed 2018-11-26
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
20
Total charges
7
Outstanding
3
Active lenders
Status:Lender:20 of 20 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Governor and Company of the Bank of Ireland | A registered charge | 1 property | 26/06/2025 | — | |
| outstanding | The Governor and Company of the Bank of Ireland | A registered charge | 1 property | 26/06/2025 | — | |
| outstanding | The Governor and Company of the Bank of Ireland | A registered charge | 1 property | 26/06/2025 | — | |
| outstanding | Belfast Commercial Funding (I) Belfast Commercial Funding (I) Limited | A registered charge | — | 13/02/2023 | — | |
| outstanding | Belfast Commercial Funding (I) Belfast Commercial Funding (I) Limited | A registered charge | 2 properties | 13/02/2023 | — | |
| outstanding | Belfast Commercial Funding (I) Belfast Commercial Funding (I) Limited | A registered charge | 6 properties | 13/02/2023 | — | |
| satisfied | Belfast Commercial Funding (I) Belfast Commercial Funding (I) Limited | A registered charge | 1 property | 13/02/2023 | 27/06/2025 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 29/09/2020 | 02/06/2023 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 29/09/2020 | 02/06/2023 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 29/09/2020 | 02/06/2023 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 2 properties | 29/09/2020 | 02/06/2023 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 29/09/2020 | 02/06/2023 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 29/09/2020 | 02/06/2023 | |
| outstanding | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 5 properties | 10/07/2019 | — | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 10/07/2019 | 30/09/2020 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees LTD | A registered charge | 1 property | 10/07/2019 | 30/09/2020 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 10/07/2019 | 30/09/2020 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 1 property | 10/07/2019 | 30/09/2020 | |
| satisfied | Fiduciam Nominees Fiduciam Nominees Limited | A registered charge | 2 properties | 10/07/2019 | 30/09/2020 | |
| satisfied | Pinemont Pinemont Limited | A registered charge | 8 properties | 27/03/2019 | 28/09/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (54 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
gazette-filings-brought-up-to-date
gazette · DISS40
2024-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-06
gazette-notice-compulsory
gazette · GAZ1
2024-11-05
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
gazette-notice-compulsory
gazette · GAZ1
2024-02-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-21
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-02