ALTDRUMMAN LIMITED
💤Zombieactive
NI685667 · ltd · incorporated 2022-02-09
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
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and bankable structure.
Opportunity 76/100 (strong), bankability 75/100. 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 (73/100).
🏦
Refinance opportunity
3 live charges · oldest 2.7y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.7 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 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
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
6
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
6
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-03-12➕MCCULLAGH, Patrick Joseph appointeddirector
- 2026-03-12➖MCCULLAGH, Patrick resigneddirector
- 2026-03-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-03-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-04🔒Charge registered #3Lender: Kensington Mortgage Company Limited
- 2025-02-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-28🔒Charge registered #2Lender: Kensington Mortgage Company Limited
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-19📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-11-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-08-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-10🔒Charge registered #1Lender: Kensington Mortgage Company Limited
- 2022-02-09🏢Company incorporatedAs ALTDRUMMAN LIMITED
- 2022-02-09➕MCCULLAGH, Patrick appointeddirector
- 2022-02-09📄incorporation-companyincorporation · NEWINC
Owner dependency
83/100
Critical — business is the founderThe 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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Patrick Joseph Mccullagh Individual · Irish · DOB 05/1967 · age 59 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/03/2026 |
1 historic (ceased) PSC
- Mr Patrick Mccullaghceased 12/03/2026· 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.
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|---|---|---|---|---|---|---|---|
| A & P WATSON LIMITED→ NI623923 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| A. Q. PROPERTIES LIMITED→ NI021010 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| AMS PROPERTIES (N.I.) LTD→ NI636329 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| ANEWHOUSE LTD→ NI735473 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ANNAHAIA PROPERTIES LIMITED→ NI684438 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ANNANPAT LIMITED→ NI040946 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| ANTRIM COUNTY LAND, BUILDING, AND INVESTMENT COMPANY, LIMITED→ R0000037 · est 1878 · no financials extracted | — | — | — | — | 148y | — | — |
| ANTRIM HOMES LTD→ NI660711 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ANTRIM TOWNS DEVELOPMENT COMPANY LIMITED→ NI033907 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| APARTMENT 39 THE COURTYARD LIMITED→ NI660563 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| APARTMENTS NOW LTD→ NI644538 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| APC ESTATES LIMITED→ NI639993 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated2022-02-09
Jurisdictionnorthern-ireland
Primary SIC68100 — Buying and selling of own real estate
Registered office
Wellington House
30 Darling Street
Enniskillen
Co. Fermanagh
BT74 7EW
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-22
Last: 2026-02-08
Officers (1 active · 1 resigned)
MCCULLAGH, Patrick Joseph→
Activedirector · ~59y · appointed 2026-03-12
View their other companies + combined net worth →
MCCULLAGH, Patrick→
Resigneddirector · ~69y · appointed 2022-02-09 · resigned 2026-03-12
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 04/04/2025 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 28/02/2025 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 10/08/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
termination-director-company-with-name-termination-date
officers · TM01
2026-03-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-12
appoint-person-director-company-with-name-date
officers · AP01
2026-03-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
change-account-reference-date-company-previous-extended
accounts · AA01
2024-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-dormant
accounts · AA
2023-11-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20