MARTHACORP LTD

💤Zombieactive
NI659589 · ltd · incorporated 2019-03-08
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 Mar 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 66). 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 (73/100).

Data confidence

Overall: medium (79/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-03-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2022-01-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-11-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-11-09
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  8. 2021-09-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-02-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-08-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-08-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-08-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2019-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2019-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2019-03-09
    ➖
    KELLY, Aoife Elizabeth resigned
    director
  17. 2019-03-09
    ➖
    KELLY, Martha Bronwyn resigned
    director
  18. 2019-03-09
    ➖
    KELLY, Stephen Bernard resigned
    director
  19. 2019-03-08
    🏢
    Company incorporated
    As MARTHACORP LTD
  20. 2019-03-08
    ➕
    KELLY, Mark John, Dr appointed
    director
  21. 2019-03-08
    ➕
    KELLY, Aoife Elizabeth appointed
    director
  22. 2019-03-08
    ➕
    KELLY, Martha Bronwyn appointed
    director
  23. 2019-03-08
    ➕
    KELLY, Stephen Bernard appointed
    director
  24. 2019-03-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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 age: Director aged approximately 66 — succession pressure is live.

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 66. 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Mark John Kelly
Individual · Irish · DOB 06/1960 · age 66
75–100%
75–100%75-100% shares · 75-100% voting01/11/2021

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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—£56.8k—26y8384y
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
Incorporated2019-03-08
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate

Registered office

13 Knocknamoe Bungalows
Omagh
Co Tyrone
BT79 7LA
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-15
Last: 2025-09-01

Officers (1 active · 3 resigned)

KELLY, Mark John, Dr→
director · ~66y · appointed 2019-03-08
View their other companies + combined net worth →
Active
KELLY, Aoife Elizabeth→
director · ~36y · appointed 2019-03-08 · resigned 2019-03-09
Resigned
KELLY, Martha Bronwyn→
director · ~29y · appointed 2019-03-08 · resigned 2019-03-09
Resigned
KELLY, Stephen Bernard→
director · ~33y · appointed 2019-03-08 · resigned 2019-03-09
Resigned

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

Recent filings (23 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-22
accounts-with-accounts-type-dormant
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-dormant
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
accounts-with-accounts-type-dormant
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-08
accounts-with-accounts-type-dormant
accounts · AA
2022-01-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-11-09
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-11-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-dormant
accounts · AA
2021-02-03