FARLSTONE DEVELOPMENTS (DUNMURRY) LTD

💤Zombieactive
NI664669 · ltd · incorporated 2019-09-26
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
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 3.5y

20/100
under pressure

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

  • · Charge age ~3.5 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-10-28
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  2. 2025-10-28
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  3. 2025-10-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-10
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  5. 2024-04-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-04-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2024-04-12
    🔒
    Charge registered #5
    Lender: Fiduciam Nominees Limited
  8. 2024-04-12
    🔒
    Charge registered #4
    Lender: Fiduciam Nominees Limited
  9. 2023-11-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-07-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2022-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-11-10
    🔒
    Charge registered #3
    Lender: Belfast Commercial Funding (FS2) Limited
  15. 2022-11-10
    🔒
    Charge registered #2
    Lender: Belfast Commercial Funding (FS2) Limited
  16. 2022-11-10
    🔒
    Charge registered #1
    Lender: Belfast Commercial Funding (FS2) Limited
  17. 2022-04-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2021-10-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2021-10-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2021-01-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2019-09-26
    🏢
    Company incorporated
    As FARLSTONE DEVELOPMENTS (DUNMURRY) LTD
  22. 2019-09-26
    ➕
    FARRELL, Anthony Francis appointed
    director
  23. 2019-09-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +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

1 low
5 live charges
low

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

Group structure

Farlstone Construction Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Farlstone Construction Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
FARLSTONE DEVELOPMENTS (DUNMURRY) LTD
This company · NI664669

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
Farlstone Construction Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting26/10/2021
1 historic (ceased) PSC
  • Mr Anthony Francis Farrellceased 26/10/2021· 75-100% shares · 75-100% voting · board control

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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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
Incorporated2019-09-26
Jurisdictionnorthern-ireland
Primary SIC41100 — Development of building projects

Registered office

105 Derrynoose Road
Keady
Armagh
BT60 3EZ
Northern Ireland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17

Officers (1 active · 0 resigned)

FARRELL, Anthony Francis→
director · ~56y · appointed 2019-09-26
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property12/04/2024—
outstanding
Fiduciam Nominees
Fiduciam Nominees Limited
A registered charge1 property12/04/2024—
outstanding
Belfast Commercial Funding (FS2)
Belfast Commercial Funding (FS2) Limited
A registered charge5 properties10/11/2022—
outstanding
Belfast Commercial Funding (FS2)
Belfast Commercial Funding (FS2) Limited
A registered charge1 property10/11/2022—
outstanding
Belfast Commercial Funding (FS2)
Belfast Commercial Funding (FS2) Limited
A registered charge—10/11/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (23 total)

accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-10-28
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-25
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-05-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-20
accounts-with-accounts-type-dormant
accounts · AA
2023-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-28