GLENTORAN RECREATION COMPANY, LIMITED

🌳Matureactive

R0000263 · ltd · incorporated 1902-03-25

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 62/100. Strong seller-intent signal (65/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 13 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

11 live charges · 9 lenders · oldest 118.0y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 118.0 years old — likely at or near maturity.
· 9 lenders named — inter-creditor friction likely.
· Legal-friction score 53/100 (high).

Data confidence

Overall: medium (58/100)

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

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

46 officers (6 active, 46 linked, 39 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

3 connected companies via shared directors

Filing history

385 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (128 events)Click to expand

2025-10-06
📄
accounts-with-accounts-type-small
accounts · AA
2025-08-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-20
➖
WEBSTER, Antony John resigned
director
2025-06-11
📄
capital-allotment-shares
capital · SH01
2024-12-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
➖
MCDERMOTT, Michael James resigned
director
2024-12-05
➕
WEBSTER, Antony John appointed
director
2024-10-30
📄
accounts-with-accounts-type-small
accounts · AA
2023-10-27
📄
accounts-with-accounts-type-small
accounts · AA
2023-10-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-11
➖
KERR, Ian William resigned
director
2023-03-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-08
➕
DAVIDSON, Colin appointed
director
2023-03-08
➖
HENDERSON, Stephen Bryan Mark resigned
director
2022-10-28
📄
accounts-with-accounts-type-small
accounts · AA
2022-08-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-18
➕
JESS, Colin Alexander appointed
director
2022-08-18
➕
MCCREERY, Ruth appointed
director
2022-08-17
➖
JENKINS, Grahame Ronald resigned
director
2022-05-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-05-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-19
➕
KERR, Ian William appointed
director
2022-05-05
➖
CLARKE, Ian Richard resigned
director
2021-11-01
📄
accounts-with-accounts-type-small
accounts · AA
2021-04-26
📄
auditors-resignation-company
auditors · AUD
2021-04-08
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-03-31
➖
DAVIDSON, Gordon David resigned
secretary
2021-01-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-18
🔒
Charge registered #12
Lender: Northern Ireland Limited
2020-02-18
🔓
Charge satisfied #11
2019-10-01
➕
CLARKE, Ian Richard appointed
director
2019-09-17
➕
DAVIDSON, Gordon David appointed
secretary
2019-09-09
➖
MCGUINNESS, Richard James resigned
director
2019-07-05
➕
GLENFIELD, Mark William appointed
director
2019-07-05
➕
MILLAR, Paul appointed
director
2019-07-05
➕
POUR, Ali Shams Mohammad appointed
director
2019-07-05
➖
TERNAHAN, Norman resigned
secretary
2019-07-05
➖
CLARKE, Ian Richard resigned
director
2019-07-05
➖
JESS, Colin Alexander resigned
director
2019-07-05
➖
MANSON, Bill resigned
director
2019-07-05
➕
MCDERMOTT, Michael James appointed
director
2019-07-05
➖
MILHENCH, Kevin John resigned
director
2019-07-05
➖
MOORE, John resigned
director
2019-06-18
🔓
Charge satisfied #5
2019-03-14
🔓
Charge satisfied #9
2019-03-14
🔓
Charge satisfied #2

Showing most recent 50 of 128 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 124 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

East (No1) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

East (No1) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

GLENTORAN RECREATION COMPANY, LIMITED

This company · R0000263

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%

Name	Shares	Voting rights	Nature of control	Notified
East (No1) Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	05/07/2019

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 · Leisure & entertainment · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FABUMEDIA LTD→ NI705056 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
FAILTE FEIRSTE THIAR LTD→ NI064806 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
FEILE AN PHOBAIL LIMITED→ NI029999 · est 1995 · no financials extracted	—	—	—	—	30y	—	—
FERMANAGH MOTORCYCLE CLUB LTD→ NI643264 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
FORTIS TRAINING SYSTEMS LTD→ NI730002 · est 2025 · no financials extracted	—	—	—	—	—	—	—
FORZE-STRENGTH THROUGH FOOTBALL LTD→ NI699774 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
GAIN FORTH GYM LIMITED→ NI685333 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
GALGORM CASTLE EDUCATION AND PRESERVATION LIMITED→ NI719614 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GILES TOURS LTD→ NI721888 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
GLENAVON FOOTBALL AND ATHLETIC CLUB LIMITED→ R0000261 · est 1913 · no financials extracted	—	—	—	—	112y	—	—
GLENTORAN SOCIAL PARTNERSHIP→ NI622030 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
GLENULLIN NATURE GROUP→ NI666881 · est 2020 · no financials extracted	—	—	—	—	6y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1902-03-25

Jurisdictionnorthern-ireland

Primary SIC93110 — Operation of sports facilities

Registered office

The Oval

Parkgate Drive

Belfast

BT4 1EW

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-08-10

Last: 2025-07-27