LURGANBRIDGE LIMITED

🌳Matureactive
NI620293 · ltd · incorporated 2013-09-06
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

10 live charges · 2 lenders · oldest 12.3y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 12.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2025-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-10-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-01-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  8. 2021-01-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-01-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-05-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2018-05-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2018-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-02-12
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2017-11-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2017-10-20
    🔒
    Charge registered #10
    Lender: Ulster Bank Limited
  19. 2016-08-31
    🔓
    Charge satisfied #7
  20. 2016-08-31
    🔓
    Charge satisfied #6
  21. 2016-08-31
    🔓
    Charge satisfied #5
  22. 2016-08-31
    🔓
    Charge satisfied #4
  23. 2016-08-31
    🔓
    Charge satisfied #3
  24. 2016-08-31
    🔓
    Charge satisfied #2
  25. 2016-08-31
    🔓
    Charge satisfied #1
  26. 2016-08-05
    🔒
    Charge registered #9
    Lender: Ulster Bank Limited
  27. 2016-08-05
    🔒
    Charge registered #8
    Lender: Ulster Bank Limited
  28. 2014-12-01
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC
  29. 2014-12-01
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  30. 2014-12-01
    🔒
    Charge registered #5
    Lender: Aib Group (UK) PLC
  31. 2014-01-28
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  32. 2014-01-28
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  33. 2014-01-28
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  34. 2014-01-28
    🔒
    Charge registered #1
    Lender: Aib Group (UK) PLC
  35. 2013-09-06
    🏢
    Company incorporated
    As LURGANBRIDGE LIMITED
  36. 2013-09-06
    ➕
    SMYTH, Robert appointed
    secretary
  37. 2013-09-06
    ➕
    JOHNSTON, Alison Mary Louise appointed
    director
  38. 2013-09-06
    ➕
    JOHNSTON, Colin James appointed
    director

Owner dependency

74/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

The Johnston Family Settlement Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
The Johnston Family Settlement Company Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
LURGANBRIDGE LIMITED
This company · NI620293

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
The Johnston Family Settlement Company Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest06/04/2016
Mr Colin James Johnston
Individual · British · DOB 06/1966 · age 60
——sig. influencesignificant influence06/04/2016

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 →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2013-09-06
Jurisdictionnorthern-ireland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Block D
17 Heron Road
Belfast
BT3 9LE
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06

Officers (3 active · 0 resigned)

SMYTH, Robert→
secretary · appointed 2013-09-06
View their other companies + combined net worth →
Active
JOHNSTON, Alison Mary Louise→
director · ~58y · appointed 2013-09-06
View their other companies + combined net worth →
Active
JOHNSTON, Colin James→
director · ~60y · appointed 2013-09-06
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

10
Total charges
3
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property20/10/2017—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge3 properties05/08/2016—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge1 property05/08/2016—
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge—01/12/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property01/12/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property01/12/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property28/01/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property28/01/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge3 properties28/01/201431/08/2016
satisfied
Aib Group (UK)
Aib Group (UK) PLC
A registered charge1 property28/01/201431/08/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (50 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-25
change-person-director-company-with-change-date
officers · CH01
2021-01-26
change-person-secretary-company-with-change-date
officers · CH03
2021-01-26
change-person-director-company-with-change-date
officers · CH01
2021-01-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-07