Company Overview
Musgrave Investments Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 20 May 1997, so this is a well established company. Musgrave Investments Limited has been in business for 28 years and 10 months. The accounts status is full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Belfast Harbour Estate, 1/19 Dargan Drive, Belfast, BT3 9JG
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Companies House Data
Company NameMUSGRAVE INVESTMENTS LIMITED
Company NumberNI032397
Registered Office AddressBelfast Harbour Estate
 1/19 Dargan Drive
 BT3 9JG
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date20/05/1997
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date28/12/2024
Accounts Account CategoryFULL
Returns Next Due Date28/10/2016
Returns Last Made Up Date30/09/2015
Directors & Members
Show Resigned
Susan Burke - Director
(Irish, 43 years old, born November 1983)
Appointed 30 June 2025
 Active
Eoin Connolly - Director
(Irish, 57 years old, born May 1969)
Appointed 20 June 2024
 Active
Andrew Keating - Director
(Irish, 56 years old, born April 1970)
Appointed 20 March 2023
 Active
Noel Keeley - Director
(Irish, 60 years old, born December 1966)
Appointed 01 January 2020
 Active
Michael Kelleher - Director
(Irish, 62 years old, born August 1964)
Appointed 20 June 2024
 Active
Secretaries
Show Resigned
Eoin Connolly - Secretary
Appointed 07 October 2022
 Active
Other Company Directorships
Susan Burke
No companies found
Eoin Connolly
No companies found
Andrew Keating
No companies found
Noel Keeley
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ITALICATESSEN UK LIMITED
J & J HASLETT HOLDINGS LIMITED
J.& J.HASLETT LIMITED
LA ROUSSE FOODS (N.I.) LIMITED
LURGAN CASH AND CARRY LIMITED
MORROW RETAIL LIMITED
MUSGRAVE (NORTHERN IRELAND) LIMITED
MUSGRAVE DISTRIBUTION LIMITED
MUSGRAVE DRINKS NI LIMITED
MUSGRAVE NI TRUSTEES LIMITED
MUSGRAVE RETAIL PARTNERS NI LIMITED
MUSGRAVE RETAIL STORES NI LIMITED
SUPER VALU SUPERMARKETS (NORTHERN IRELAND) LIMITED
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THE GOOD FOOD SHOP (HILL STREET) NEWRY LIMITED
TOBACCO SALES LIMITED
W. G. WINDRUM, SON AND COMPANY, LIMITED
Michael Kelleher
No companies found
Balance Sheet Unlock full report
Accounts Date 28-Dec-2024 31-Dec-2012 31-Dec-2011
Balance Sheet
Fixed Assets 267,496,000 267,496,000 276,896,000
Current Assets 26,252,000 26,252,000 17,389,000
Creditors Due Within One Year 21,634,000 21,634,000 4,900,000
Working Cap 4,618,000 4,618,000 12,489,000
Total Assets Less Current Liabilities 272,114,000 272,114,000 289,385,000
Long-term Liabilities 256,952,000 256,952,000 256,919,000
Net Assets 15,162,000 15,162,000 32,466,000
Share Capital & Reserves
Share Cap 15,000,000 15,000,000 15,000,000
Profit & Loss Reserves 162,000 162,000 4,741,000
Other Reserves 0 0 12,725,000
Shareholders Funds 15,162,000 15,162,000 32,466,000
Common Size Financial Analysis Unlock full report
Accounts Date 28-Dec-2024 31-Dec-2012 31-Dec-2011
Tangible Fixed Assets - - -
Fixed Assets 91.1% 91.1% 94.1%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 8.9% 8.9% 5.9%
Cash Bank In Hand 0.0% 0.0% 0.0%
Current Assets 8.9% 8.9% 5.9%
Creditors Due Within One Year 7.4% 7.4% 1.7%
Net Current Assets Liabilities 1.6% 1.6% 4.2%
Creditors Due After One Year 87.5% 87.5% 87.3%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 5.2% 5.2% 11.0%
Called Up Share Capital 5.1% 5.1% 5.1%
Share Capital Allotted Called Up Paid 5.1% 5.1% 5.1%
Profit Loss Account Reserve 0.1% 0.1% 1.6%
Shareholder Funds 5.2% 5.2% 11.0%
Capital Employed - - -
Total Assets Less Current Liabilities 92.6% 92.6% 98.3%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Dec-2024 31-Dec-2012 31-Dec-2011
Liquidity Ratio 1.2 1.2 3.5
Solvency Ratio 1.1 1.1 1.1
Reserves to Assets 0.0 0.0 0.0
Secured Creditors Unlock full report
Mortgages Charges 7
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 7
Assets and Debt Analysis Unlock full report
Accounts Date 28-Dec-2024 31-Dec-2012 31-Dec-2011
Assets 293,748,000 293,748,000 294,285,000
Debt 278,586,000 278,586,000 261,819,000
Net Assets/Debt 15,162,000 15,162,000 32,466,000

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over 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 BT3 9JG
CENTRA FOODMARKETS LIMITED
BELFAST HARBOUR ESTATE, 1/19 DARGAN DRIVE, BELFAST, BT3 9JG
HOLMES VENDING LIMITED
Belfast Harbour Estate, 1-19 Dargan Crescent, Belfast, BT3 9JG
MUSGRAVE DRINKS NI LIMITED
Belfast Harbour Estate, 1-19 Dargan Crescent, Belfast, BT3 9JG
SUPER VALU SUPERMARKETS (NORTHERN IRELAND) LIMITED
BELFAST HARBOUR ESTATE, 1/19 DARGAN DRIVE, BELFAST, BT3 9JG
MUSGRAVE DISTRIBUTION LIMITED
BELFAST HARBOUR ESTATE, 1-19 DARGAN DRIVE, BELFAST, BT3 9JG
W. G. WINDRUM, SON AND COMPANY, LIMITED
BELFAST HARBOUR ESTATE, 1-19 DARGAN DRIVE, BELFAST, BT3 9JG
MUSGRAVE RETAIL PARTNERS NI LIMITED
BELFAST HARBOUR ESTATE, 1/19 DARGAN DRIVE, BELFAST, BT3 9JG
THE GOOD FOOD SHOP (HILL STREET) NEWRY LIMITED
1/19 DARGAN DRIVE, BELFAST, CO. ANTRIM, BT3 9JG
LURGAN CASH AND CARRY LIMITED
BELFAST HARBOUR ESTATE, 1-19 DARGAN DRIVE, BELFAST, BT3 9JG
J & J HASLETT HOLDINGS LIMITED
BELFAST HARBOUR ESTATE, 1-19 DARGAN DRIVE, BELFAST, BT3 9JG
Document Filings
Statement of capital following an allotment of shares on 22 December 2025
Confirmation statement made on 30 September 2025 with no updates
Appointment of Ms Susan Burke as a director on 30 June 2025
Termination of appointment of Alan Cunningham as a director on 30 June 2025
Confirmation statement made on 30 September 2024 with updates
Appointment of Mr Alan Cunningham as a director on 20 June 2024
Appointment of Mr Michael Kelleher as a director on 20 June 2024
Appointment of Mr Eoin Connolly as a director on 20 June 2024
Statement of capital following an allotment of shares on 29 November 2023
Confirmation statement made on 30 September 2023 with updates
Statement of capital following an allotment of shares on 10 May 2023
Appointment of Mr Andrew Keating as a director on 20 March 2023
Termination of appointment of Myles O'grady as a director on 7 October 2022
Termination of appointment of Myles O'grady as a secretary on 7 October 2022
Appointment of Mr Eoin Connolly as a secretary on 7 October 2022
Confirmation statement made on 30 September 2022 with no updates
Termination of appointment of Alan Cunningham as a director on 4 April 2022
Appointment of Mr Myles O'grady as a director on 4 April 2022
Appointment of Mr Myles O'grady as a secretary on 4 April 2022
Termination of appointment of Alan Cunningham as a secretary on 4 April 2022
Confirmation statement made on 30 September 2021 with updates
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