SM DEVINE (HR206) LTD

💤Zombieactive
NI660780 · ltd · incorporated 2019-04-18
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
64/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Worth a look
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 64/100 (worth a look), 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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

20 live charges · 6 lenders · oldest 5.2y

15/100
under pressure

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

  • · Oldest live charge is 5.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
66
Some moderate concerns — review 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
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees00

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
3
filings
  • • 2 mortgage
  • • 1 confirmation-statement
Last 90 days
3
filings
  • • 2 mortgage
  • • 1 confirmation-statement
Last 180 days
5
filings
  • • 3 mortgage
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
  1. 2026-05-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-05-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-04-30
    🔒
    Charge registered #20
    Lender: Merchant Money Spv D LTD
  4. 2026-04-30
    🔒
    Charge registered #19
    Lender: Merchant Money Spv D LTD
  5. 2026-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2026-01-27
    🔒
    Charge registered #18
    Lender: Merchant Money LTD
  7. 2025-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2024-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2024-04-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2024-04-23
    🔓
    Charge satisfied #13
  17. 2024-04-23
    🔓
    Charge satisfied #12
  18. 2024-04-23
    🔓
    Charge satisfied #11
  19. 2024-04-23
    🔓
    Charge satisfied #10
  20. 2024-04-23
    🔓
    Charge satisfied #9
  21. 2024-04-23
    🔓
    Charge satisfied #8
  22. 2024-04-23
    🔓
    Charge satisfied #7
  23. 2024-04-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2024-04-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2024-04-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  26. 2024-04-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  27. 2024-03-28
    🔒
    Charge registered #17
    Lender: Merchant Money LTD
  28. 2024-03-28
    🔒
    Charge registered #16
    Lender: Merchant Money LTD
  29. 2024-03-28
    🔒
    Charge registered #15
    Lender: Merchant Money Spv D LTD
  30. 2024-03-28
    🔒
    Charge registered #14
    Lender: Merchant Money Spv D LTD
  31. 2023-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  32. 2023-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  33. 2023-11-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  34. 2023-11-15
    🔓
    Charge satisfied #6
  35. 2023-11-15
    🔓
    Charge satisfied #5
  36. 2023-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  37. 2023-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  38. 2023-07-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  39. 2023-07-04
    🔒
    Charge registered #13
    Lender: Fiduciam Nominees Limited
  40. 2023-07-04
    🔒
    Charge registered #12
    Lender: Fiduciam Nominees Limited
  41. 2023-07-04
    🔒
    Charge registered #11
    Lender: Fiduciam Nominees Limited
  42. 2022-11-21
    🔒
    Charge registered #10
    Lender: Merchant Money Spv D LTD
  43. 2022-06-27
    🔓
    Charge satisfied #4
  44. 2022-06-27
    🔓
    Charge satisfied #2
  45. 2021-12-23
    🔒
    Charge registered #9
    Lender: Fiduciam Nominees Limited
  46. 2021-12-23
    🔒
    Charge registered #8
    Lender: Fiduciam Nominees Limited
  47. 2021-12-23
    🔒
    Charge registered #7
    Lender: Fiduciam Nominees Limited
  48. 2021-12-22
    🔒
    Charge registered #6
    Lender: Fiduciam Nominees Limited
  49. 2021-12-22
    🔒
    Charge registered #5
    Lender: Fiduciam Nominees Limited
  50. 2021-07-14
    🔓
    Charge satisfied #3
Showing most recent 50 of 57 events

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 7 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

2 med · 1 low
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-04-30: A registered charge; 2026-04-30: A registered charge; 2026-01-27: A registered charge

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.

7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

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 (HR206) LTD
This company · NI660780

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
Sm Devine Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control18/04/2019

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
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BSG CIVIL ENGINEERING LIMITED→
NI021016 · est 1987
£25.64M
£18.31M–£32.96M
£36.49M—870038y8573y
E.J.C. CONTRACTS LTD→
NI045412 · est 2003
£24.60M
£17.57M–£31.62M
£27.26M—770023y9054y
PETER MCCORMACK & SONS LIMITED→
NI038813 · est 2000
£16.43M
£11.74M–£21.13M
——220025y8560y
P MCVEY BUILDING SYSTEMS LTD→
NI634141 · est 2015
£14.13M
£10.09M–£18.17M
£24.15M—540010y9066y
M.J. MCBRIDE CONSTRUCTION LTD→
NI066620 · est 2007
£14.06M
£10.04M–£18.07M
£19.82M—150018y8777y
SOUTH BANK SQUARE LTD→
NI605444 · est 2010
£12.16M
£8.69M–£15.64M
£13.65M—40015y8673y
P MCK LTD→
NI062901 · est 2007
£7.58M
£5.42M–£9.75M
£16.85M—510019y8771y
CORICK INVESTMENTS LIMITED→
NI025056 · est 1990
£6.35M
£4.54M–£8.16M
——035y9269y
BAYVIEW CONTRACTS LTD→
NI041488 · est 2001
£4.57M
£3.26M–£5.87M
£24.46M—1790024y8761y
ADSTON (UK) LIMITED→
NI605512 · est 2010
£4.00M
£2.86M–£5.15M
£11.40M—110015y10079y
F G ANDERSON & SONS LTD→
NI681234 · est 2021
£2.79M
£1.99M–£3.59M
——04y8569y
THORNTON ROOFING (IRELAND) LIMITED→
NI041349 · est 2001
£2.68M
£1.91M–£3.44M
£16.60M—930024y8788y
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
Incorporated2019-04-18
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

Unit 7 441a Ballyquin Road
Dungiven
Co. Derry
BT47 4NQ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-29
Last: 2026-05-15

Officers (1 active · 0 resigned)

DEVINE, Sean Michael→
director · ~36y · appointed 2019-04-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

20
Total charges
7
Outstanding
2
Active lenders
Status:Lender:20 of 20 shown
TypeProperties
outstanding
Merchant Money Spv D
Merchant Money Spv D LTD
A registered charge1 property30/04/2026—
outstanding
Merchant Money Spv D
Merchant Money Spv D LTD
A registered charge1 property30/04/2026—
outstanding
Merchant Money
Merchant Money LTD
A registered charge1 property27/01/2026—
outstanding
Merchant Money
Merchant Money LTD
A registered charge1 property28/03/2024—
outstanding
Merchant Money
Merchant Money LTD
A registered charge1 property28/03/2024—
outstanding
Merchant Money Spv D
Merchant Money Spv D LTD
A registered charge1 property28/03/2024—
outstanding
Merchant Money Spv D
Merchant Money Spv D LTD
A registered charge1 property28/03/2024—
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property04/07/202323/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property04/07/202323/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property04/07/202323/04/2024
satisfied
Merchant Money Spv D
Merchant Money Spv D LTD
A registered charge1 property21/11/202223/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property23/12/202123/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property23/12/202123/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property23/12/202123/04/2024
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property22/12/202115/11/2023
satisfied
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property22/12/202115/11/2023
satisfied
Close Brothers
Close Brothers Limited
A registered charge—08/03/202127/06/2022
satisfied
Close Brothers
Close Brothers Limited (As Lender) and Osf (UK) I Limited & Ortus Secured Finance I Limited (as Second Lenders)
A registered charge—08/03/202114/07/2021
satisfied
Close Brothers
Close Brothers Limited
A registered charge2 properties08/03/202127/06/2022
satisfied
Osf (UK) I (as Security Trustee)
Osf (UK) I Limited (as Security Trustee)
A registered charge2 properties08/03/202109/07/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-23