Company Overview
Hope Magherafelt is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Wednesday 27 May 2015, so this is a well established company. Hope Magherafelt has been in business for 10 years and 10 months. The accounts status is micro entity and the accounts are next due on Wednesday 30 September 2026.
Registered Address

78 Rainey Street 78 Rainey Street, Magherafelt, BT45 5AH
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Companies House Data
Company NameHOPE MAGHERAFELT
Company NumberNI631531
Registered Office Address78 Rainey Street 78 Rainey Street
 BT45 5AH
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date27/05/2015
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date24/06/2017
Returns Last Made Up Date27/05/2016
Previous Company NameChanged Date
HOPE MAGHERAFELT LTD20 Feb 2019
MAGHERAFELT FOODBANK LTD15 Feb 2019
Directors & Members
Show Resigned
Ian Henry - Director
(British, 55 years old, born June 1971)
Appointed 13 November 2024
 Active
Lisa MacLean - Director
(British, 47 years old, born June 1979)
Appointed 04 June 2024
 Active
Robert McCarroll - Director
(British, 60 years old, born July 1966)
Appointed 26 June 2025
 Active
Elizabeth Rowan - Director
(British, 66 years old, born May 1960)
Appointed 06 January 2020
 Active
Secretaries
Jennifer Thompson - Secretary
Appointed 27 May 2015
 Active
Other Company Directorships
Ian Henry
ANDERSON INTERIORS LIMITED
BELFAST RECYCLING SERVICES LIMITED
G S H DEVELOPMENTS LIMITED
GORDON STUART TRUST LIMITED
HENRY BROTHERS (MAGHERAFELT) LIMITED
HENRY BROTHERS CONSTRUCTION LIMITED
HENRY BROTHERS LIMITED
HENRY BROTHERS PROPERTY LIMITED
HENRY GROUP (NI) LIMITED
HENRY MANAGEMENT SERVICES (UK) LIMITED
JAMES HENRY & CO LIMITED
LYE TEC PLASTICS LIMITED
MAGHERAFELT CHAMBER OF COMMERCE
MOYOLA CONSTRUCTION LIMITED
NORTHERN IRELAND CHAMBERS OF COMMERCE AND INDUSTRY
RAINEY STREET LTD
ROLL FORMED FABRICATIONS LIMITED
SEA SPLASH COURT MANAGEMENT LIMITED
VJ 2016 LTD
WINDELL (UK) LIMITED
WINDELL LIMITED
Lisa MacLean
No companies found
Robert McCarroll
No companies found
Elizabeth Rowan
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 7,702 7,702 10,538
Current Assets 73,064 73,064 53,581
Creditors Due Within One Year 1,574 1,574 2,893
Working Cap 71,490 71,490 50,688
Total Assets Less Current Liabilities 79,192 79,192 61,226
Long-term Liabilities 0 0 0
Net Assets 79,192 79,192 61,226
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 79,192 79,192 61,226
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 9.5% 9.5% 16.4%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 90.5% 90.5% 83.6%
Creditors Due Within One Year 1.9% 1.9% 4.5%
Net Current Assets Liabilities 88.5% 88.5% 79.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 98.1% 98.1% 95.5%
Capital Employed - - -
Total Assets Less Current Liabilities 98.1% 98.1% 95.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 46.4 46.4 18.5
Solvency Ratio 51.3 51.3 22.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 80,766 80,766 64,119
Debt 1,574 1,574 2,893
Net Assets/Debt 79,192 79,192 61,226

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BT45 5AH
THE BARBER SHOP R US LTD
70 RAINEY STREET, MAGHERAFELT, BT45 5AH
HARRY KENNEDY & COMPANY LIMITED
50 RAINEY STREET, MAGHERAFELT, BT45 5AH
FURNLEY HOUSE NORTHERN IRELAND LIMITED
80-82 Rainey Street, Magherafelt, Northern Ireland, BT45 5AH
RS SPEDITION LIMITED
C/O The Insolvency Service, Adelaide House, 39-49 Adelaide Street, Belfast, BT45 5AH
B&S TOOL SUPPLIES LTD
84-86 RAINEY STREET, MAGHERAFELT, BT45 5AH
Document Filings
Current accounting period extended from 31 December 2025 to 31 March 2026
Appointment of Mr Robert Samuel Mccarroll as a director on 26 June 2025
Notification of Lisa Samantha Maclean as a person with significant control on 26 June 2025
Termination of appointment of Lucy Mcculloch as a director on 26 June 2025
Confirmation statement made on 27 May 2025 with no updates
Cessation of Samuel John Fulton as a person with significant control on 14 February 2025
Termination of appointment of Samuel John Fulton as a director on 14 February 2025
Appointment of Mr Ian Scott Henry as a director on 13 November 2024
Termination of appointment of Paul Wallace Stewart as a director on 31 October 2024
Cessation of Paul Wallace Stewart as a person with significant control on 31 October 2024
Appointment of Mrs Lisa Maclean as a director on 4 June 2024
Confirmation statement made on 27 May 2024 with no updates
Appointment of Mrs Lucy Mcculloch as a director on 22 February 2024
Registered office address changed from 10a Broad Street 10a Broad Street Magherafelt BT45 6EA Northern Ireland to 78 Rainey Street 78 Rainey Street Magherafelt BT45 5AH on 21 September 2023
Confirmation statement made on 27 May 2023 with no updates
Confirmation statement made on 27 May 2022 with no updates
Director's details changed for Paul Wallace Stewart on 18 May 2022
Director's details changed for Mrs Elizabeth Anne Doreen Rowan on 18 May 2022
Director's details changed for Mr Samuel John Fulton on 18 May 2022
Confirmation statement made on 27 May 2021 with no updates
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