MASTER KEY DEVELOPMENTS LTD
🏛️Establishedactive
NI672895 · ltd · incorporated 2020-09-25
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 5.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 66-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 5.1y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 5.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (73/100)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
2 charges (2/2 with lender, 2/2 with type)
90
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
2 connected companies via shared directors
51
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-27 |
|---|---|
| Average employees | 0 |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
- 2026-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-17📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-30🔓Charge satisfied #2
- 2024-03-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-13📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2021-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-03-30🔒Charge registered #2Lender: Assetz Capital Trust Company Limited
- 2021-03-30🔒Charge registered #1Lender: Assetz Capital Trust Company Limited
- 2020-09-25🏢Company incorporatedAs MASTER KEY DEVELOPMENTS LTD
- 2020-09-25➕MAGEE, Michael James appointeddirector
- 2020-09-25➕WILLIAMSON, George appointeddirector
- 2020-09-25📄incorporation-companyincorporation · NEWINC
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 66 — succession pressure is live.
- +No director turnover: Company is 6 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 66. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael James Magee Individual · British · DOB 03/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 25/09/2020 |
Mr George Williamson Individual · British · DOB 01/1960 · age 66 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 25/09/2020 |
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 · Property · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| M THOMPSON PROPERTY LTD→ NI725772 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| M-PRESA LTD→ NI732971 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| M.P.S.D. LTD→ NI036436 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| MOURNE HOMESTAYS LTD→ NI695887 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| MOURNE MANAGEMENT LTD→ NI732620 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MOXIE APARTMENTS LTD→ NI686851 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| MOYNE ESTATES LIMITED→ NI045804 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| MPS ESTATE MANAGEMENT LTD→ NI622249 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| MRDE FM LIMITED→ NI051014 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| MRG DEVELOPMENTS LIMITED→ NI042274 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| MRJ LEASINGS LTD→ NI719168 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MRM AND CO. PROPERTIES LTD→ NI711387 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated2020-09-25
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate
Registered office
2a Kiltinney Road
Coleraine
Co Londonderry
BT52 11SQ
Northern Ireland
Filing status
Accounts
Next due: 2026-11-27
Last made up to: 2025-02-27
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20
Officers (2 active · 0 resigned)
MAGEE, Michael James→
Activedirector · ~63y · appointed 2020-09-25
View their other companies + combined net worth →
WILLIAMSON, George→
Activedirector · ~66y · appointed 2020-09-25
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | — | 30/03/2021 | 30/08/2024 | |
| outstanding | Assetz Capital Trust Company Assetz Capital Trust Company Limited | A registered charge | 1 property | 30/03/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-17
change-account-reference-date-company-previous-extended
accounts · AA01
2022-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-04-29