32 NORTH LIMITED

🏛️Establishedactive
NI670570 · ltd · incorporated 2020-06-26
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£-4.1k
book net assets
Opportunity
72/100
Strong
🔔
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: SIC 47610
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £4,094

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£4k
Current Assets
£13k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-05
Total assets£-3.4k
Current assets£13.3k
Net assets£-4.1k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 2 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-04-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-10
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-05-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-02-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-05-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-05-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-03-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-03-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2020-06-26
    🏢
    Company incorporated
    As 32 NORTH LIMITED
  12. 2020-06-26
    ➕
    BRADLEY, Sean appointed
    director
  13. 2020-06-26
    ➕
    MCALEENAN, Niall appointed
    director
  14. 2020-06-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Niall Mcaleenan
Individual · Irish · DOB 10/1988 · age 38
25–50%
25–50%25-50% shares · 25-50% voting26/06/2020
Mr Sean Bradley
Individual · Irish · DOB 02/1988 · age 38
25–50%
25–50%25-50% shares · 25-50% voting26/06/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Retail · BT postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
LAMONT STONE LIMITED→
NI031454 · est 1996
£12.57M
£9.43M–£15.71M
——7329y8774y
BLAIR'S CARAVANS LIMITED→
NI012772 · est 1978
£10.95M
£8.21M–£13.69M
£13.81M—640048y8858y
BOLAN INVESTMENTS LIMITED→
NI030942 · est 1996
£5.21M
£3.91M–£6.52M
——1810029y8472y
CREATIVE GARDENS (NI) LIMITED→
NI043559 · est 2002
£4.31M
£3.23M–£5.39M
£13.07M—2090023y8477y
MURDOCK HARDWOOD INDUSTRIES LIMITED→
NI015426 · est 1982
£3.94M
£2.96M–£4.93M
£14.10M—330044y8763y
R & J FOODS LTD→
NI035741 · est 1999
£3.17M
£2.38M–£3.96M
——11427y8464y
STEPHENS CATERING EQUIPMENT COMPANY LIMITED→
NI011092 · est 1975
£2.18M
£1.63M–£2.72M
£19.96M—950050y8562y
BASIL KNIPE ELECTRICS LIMITED→
NI070354 · est 2008
£2.04M
£1.53M–£2.56M
——430017y8761y
CHARIOTEER LIMITED→
NI038821 · est 2000
£1.83M
£1.37M–£2.29M
£16.58M—940025y8561y
JESROE (SERVICES) LIMITED→
NI033828 · est 1998
£1.19M
£889.9k–£1.48M
——300028y8769y
WINE INNS LIMITED→
NI008313 · est 1971
£1.15M
£863.8k–£1.44M
——1220054y8580y
BELFAST TILES AND BATHROOM CENTRE LTD→
NI055324 · est 2005
£80.5k
£60.4k–£100.7k
£373.4k—30020y8562y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2020-06-26
Jurisdictionnorthern-ireland
Primary SIC47610 — SIC 47610

Registered office

140 Newry Road
Banbridge
BT32 3NB
Northern Ireland

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (2 active · 0 resigned)

BRADLEY, Sean→
director · ~38y · appointed 2020-06-26
View their other companies + combined net worth →
Active
MCALEENAN, Niall→
director · ~38y · appointed 2020-06-26
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-03
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
change-person-director-company-with-change-date
officers · CH01
2025-05-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-28
accounts-with-accounts-type-dormant
accounts · AA
2025-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-27
accounts-with-accounts-type-dormant
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
accounts-with-accounts-type-dormant
accounts · AA
2023-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-dormant
accounts · AA
2022-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-25