MCCONNELL & CO.(DERRY) LIMITED
💤Zombieactive
R0000503 · ltd · incorporated 1913-01-13
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
—
not disclosed
Net worth
—
book net assets
Opportunity
61/100
Worth a look
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 61/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 44.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 44.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: low (54/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
172 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2023-09-21📄restoration-order-of-courtrestoration · AC92
- 2020-02-18📄gazette-dissolved-compulsorygazette · GAZ2
- 2020-02-18🏁Company dissolved
- 2019-12-03📄gazette-notice-compulsorygazette · GAZ1
- 2018-04-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-02-22📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-02-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-02-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-02-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-02-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-02-19📄termination-secretary-company-with-nameofficers · TM02
- 2013-02-19📄appoint-person-secretary-company-with-nameofficers · AP03
- 2012-12-05➕GIBSON, Robert Alan appointedsecretary
- 2012-12-05➖GIBSON, Sarah resignedsecretary
- 2012-12-05➖GIBSON, Sarah resigneddirector
- 2012-09-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-02-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2011-02-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-10-07📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-02-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 1982-03-15🔒Charge registered #1Lender: The Governor & Company of the Bank of Ireland
- 1913-01-13🏢Company incorporatedAs MCCONNELL & CO.(DERRY) LIMITED
Owner dependency
90/100
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.
- +Founder age: Director aged approximately 89 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 89 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 113 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2019-09-30
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2020-01-14
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan Gibson Individual · British · DOB 06/1937 · age 89 | 25–50% | — | 25-50% shares | 05/12/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| TPQ DEVELOPMENTS LIMITED→ NI051071 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| TRACESOURCE LTD→ NI050703 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1913-01-13
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
30 Duncreggan Road
Londonderry
BT48 0AD
Filing status
Accounts
Next due: 2019-09-30OVERDUE
Last made up to: 2017-12-31
Confirmation statement
Next due: 2020-01-14OVERDUE
Last: 2018-12-31
Officers (2 active · 2 resigned)
GIBSON, Robert Alan→
Activesecretary · appointed 2012-12-05
View their other companies + combined net worth →
Active
GIBSON, Sarah→
Resignedsecretary · resigned 2012-12-05
GIBSON, Sarah→
Resigneddirector · ~88y · resigned 2012-12-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Governor & Company of the Bank of Ireland | Debenture | 1 property | 15/03/1982 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (172 total)
restoration-order-of-court
restoration · AC92
2023-09-21
gazette-dissolved-compulsory
gazette · GAZ2
2020-02-18
gazette-notice-compulsory
gazette · GAZ1
2019-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-24
confirmation-statement-with-updates
confirmation-statement · CS01
2017-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-03-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-22
termination-director-company-with-name-termination-date
officers · TM01
2016-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-02-24
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-02-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-18