PJ HERON (DRAPERSTOWN) LIMITED
Based in Draperstown, this long-established Northern Irish retail business likely operates some form of direct or non-store retail sales — possibly market trading, catalogue, or door-to-door sales — though its micro-entity accounts and minimal recent filings suggest a very small, potentially low-activity operation.
Opportunity 80/100 (exceptional), bankability 70/100. Strong seller-intent signal (62/100, director aged 60). 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).
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £2.28M | £2.30M |
| Current assets | £1.19M | £967.9k |
| Net assets | £2.28M | £2.30M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 1 officers
Corporate timeline (28 events)Click to expand
- 2026-01-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-31➖HERON, Michael Vincent resigneddirector
- 2025-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-03-31➖MCTAGGART, Patrick resignedsecretary
- 2023-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-23📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-21📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-12-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-02-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-12-16➖HERON, Patrick Joseph resigneddirector
- 2001-07-19➖CUSICK, Tom resigneddirector
- 2001-07-19➖MCCALLION, Patrick Joseph resigneddirector
- 2001-07-19➖TONER, Anthony resigneddirector
- 2001-02-13➖MULLAN, Seamus Hugh resigneddirector
- 2000-05-22➕HERON, Damian John appointeddirector
- 2000-05-22➕CUSICK, Tom appointeddirector
- 2000-05-22➕MCCALLION, Patrick Joseph appointeddirector
- 2000-05-22➕MULLAN, Seamus Hugh appointeddirector
- 2000-05-22➕TONER, Anthony appointeddirector
- 1921-01-13🏢Company incorporatedAs PJ HERON (DRAPERSTOWN) LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "HERON" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 105 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Pj Heron Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Pj Heron Ltd Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 7 resigned)
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