SPM MODULAR SOLUTIONS LTD
🌱Startupactive
NI727268 · ltd · incorporated 2025-03-10
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
- 41202Construction of domestic buildings
- 43290Other construction installation
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 76/100 (strong), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
2 filings — limited history
30
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (6 events)Click to expand
- 2025-03-10🏢Company incorporatedAs SPM MODULAR SOLUTIONS LTD
- 2025-03-10➕MCKERNAN, Shane Patrick appointedsecretary
- 2025-03-10➕MCKERNAN, Briege Bernadette appointeddirector
- 2025-03-10➕MCKERNAN, Patrick Joseph appointeddirector
- 2025-03-10➕MCKERNAN, Shane Patrick appointeddirector
- 2025-03-10📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +Young company: Only 1.2 years old — management layer unlikely to be developed.
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
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Patrick Joseph Mckernan Individual · Irish · DOB 03/1963 · age 63 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/03/2025 |
Mrs Briege Bernadette Mckernan Individual · Irish · DOB 11/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/03/2025 |
Mr Shane Patrick Mckernan Individual · Irish · DOB 07/1997 · age 29 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 10/03/2025 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BSG CIVIL ENGINEERING LIMITED→ NI021016 · est 1987 | £25.64M £18.31M–£32.96M | £36.49M | — | 8700 | 38y | 85 | 73y |
| E.J.C. CONTRACTS LTD→ NI045412 · est 2003 | £24.32M £17.37M–£31.26M | £30.79M | — | 6600 | 23y | 90 | 54y |
| PETER MCCORMACK & SONS LIMITED→ NI038813 · est 2000 | £16.43M £11.74M–£21.13M | — | — | 2200 | 25y | 85 | 60y |
| P MCVEY BUILDING SYSTEMS LTD→ NI634141 · est 2015 | £14.13M £10.09M–£18.17M | £24.15M | — | 5400 | 10y | 90 | 66y |
| M.J. MCBRIDE CONSTRUCTION LTD→ NI066620 · est 2007 | £14.06M £10.04M–£18.07M | £19.82M | — | 1500 | 18y | 87 | 77y |
| SOUTH BANK SQUARE LTD→ NI605444 · est 2010 | £12.16M £8.69M–£15.64M | £13.65M | — | 400 | 15y | 86 | 73y |
| D B BUILDING CONTRACTS LTD→ NI045897 · est 2003 | £8.19M £5.85M–£10.53M | — | — | 48 | 23y | 84 | 60y |
| J. H. TURKINGTON & SONS LIMITED→ NI018132 · est 1985 | £7.97M £5.69M–£10.25M | — | — | 8000 | 41y | 84 | 72y |
| P MCK LTD→ NI062901 · est 2007 | £7.58M £5.42M–£9.75M | £16.85M | — | 5100 | 19y | 87 | 71y |
| CORICK INVESTMENTS LIMITED→ NI025056 · est 1990 | £6.35M £4.54M–£8.16M | — | — | 0 | 35y | 92 | 69y |
| BAYVIEW CONTRACTS LTD→ NI041488 · est 2001 | £4.57M £3.26M–£5.87M | £24.46M | — | 17900 | 24y | 87 | 61y |
| ADSTON (UK) LIMITED→ NI605512 · est 2010 | £4.00M £2.86M–£5.15M | £11.40M | — | 1100 | 15y | 100 | 79y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
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See pricing →Company details
Statusactive
Typeltd
Incorporated2025-03-10
Jurisdictionnorthern-ireland
Primary SIC41201 — Construction of commercial buildings
Registered office
Bray House
Tullydraw Road
Dungannon
Co. Tyrone
BT70 3LT
United Kingdom
Filing status
Accounts
Next due: 2026-12-10
Last made up to: —
Confirmation statement
Next due: 2027-03-23
Last: 2026-03-09
Officers (4 active · 0 resigned)
MCKERNAN, Shane Patrick→
Activesecretary · appointed 2025-03-10
View their other companies + combined net worth →
MCKERNAN, Briege Bernadette→
Activedirector · ~59y · appointed 2025-03-10
View their other companies + combined net worth →
MCKERNAN, Patrick Joseph→
Activedirector · ~63y · appointed 2025-03-10
View their other companies + combined net worth →
MCKERNAN, Shane Patrick→
Activedirector · ~29y · appointed 2025-03-10
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (2 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
incorporation-company
incorporation · NEWINC
2025-03-10