H. MCNULTY LIMITED
Opportunity 72/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 55). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 21.9y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 21.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 43 | 4000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
1 signal 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
- • 2 persons-with-significant-control
- • 1 officers
- • 2 persons-with-significant-control
- • 1 officers
- • 1 confirmation-statement
- • 3 officers
- • 2 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (31 events)Click to expand
- 2026-04-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2026-04-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-13📄change-person-secretary-company-with-change-dateofficers · CH03
- 2026-02-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-01➖COLL, Eunan Patrick resigneddirector
- 2025-11-01➖RODGERS, James Joseph resigneddirector
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-25📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-28📄change-person-director-company-with-change-dateofficers · CH01
- 2022-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-12-12🔓Charge satisfied #2
- 2016-11-25🔒Charge registered #3Lender: Bank of Scotland PLC
- 2016-05-12➕COLL, Eunan Patrick appointeddirector
- 2014-08-26🔓Charge satisfied #1
- 2014-04-18🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2004-06-11➕RODGERS, Marie Therese appointedsecretary
- 2004-06-11➖COLL, Maura Teresa resignedsecretary
- 2004-06-11➖COLL, Eunan resigneddirector
- 2004-06-11➖COLL, Maura Teresa resigneddirector
- 2004-06-11🔒Charge registered #1Lender: Aib Group UK PLC
- 2004-04-07➕RODGERS, Marie Therese appointeddirector
- 2004-04-07➕RODGERS, James Joseph appointeddirector
- 1959-04-13🏢Company incorporatedAs H. MCNULTY 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.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 67 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
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: COLL, Eunan Patrick resigned 2025-11-01; RODGERS, James Joseph resigned 2025-11-01
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Clovebay 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 |
|---|---|---|---|---|
Clovebay Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting · firm interest | 01/07/2016 |
1 historic (ceased) PSC
- Clovebay Ltdceased 01/07/2016· 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.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 25/11/2016 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | — | 18/04/2014 | 12/12/2016 | |
| satisfied | Aib Group UK Aib Group UK PLC | Floating charge | 1 property | 11/06/2004 | 26/08/2014 |