Company Overview
Msc Re Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 22 December 2021. Msc Re Ltd has been in business for 4 years and 3 months. The accounts status is unaudited abridged and the accounts are next due on Tuesday 30 December 2025.
Registered Address

Formation Works 2 Edenaveys Industrial Estate, Edenaveys Road, Armagh, BT60 1NF
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Companies House Data
Company NameMSC RE LTD
Company NumberNI684593
Registered Office AddressFormation Works 2 Edenaveys Industrial Estate
 Edenaveys Road
 BT60 1NF
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date22/12/2021
Accounting Reference Date Day30
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryUNAUDITED ABRIDGED
Returns Next Due Date19/01/2023
Previous Company NameChanged Date
PORTBANNIS AM 2 LTD30 Apr 2024
Directors & Members
James Draffin - Director
(Irish, 44 years old, born February 1982)
Appointed 22 December 2021
 Active
Donall McCann - Director
(Irish, 48 years old, born June 1978)
Appointed 15 May 2025
 Active
Robert McFarland - Director
(Northern Irish, 45 years old, born January 1981)
Appointed 15 May 2025
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
James Draffin
BALLYBOE LTD
CITY LINK BUSINESS PARK LIMITED
CONVENIENT CAR PARKS LIMITED
DEANERY DEMESNE LTD
DEMESNE CONSTRUCTION LTD
DERRYVEAGH LIMITED
FOYLESIDE ACQUISITIONS LIMITED
FOYLESIDE SC LIMITED
JCDAVID LTD
KILLAHOEY LIMITED
MAY STREET CAPITAL LTD
MK 5 LTD
MSC (ERNESIDE) LTD
MSC AM 1 LTD
MSC OVOLO LTD
PORTBANNIS AM 4 LTD
PORTBANNIS AM 9 LTD
PORTBANNIS RESIDENTIAL LTD
SYERLA COMMERCIAL PROPERTIES LTD.
TRINITY SCS LTD
TRINITY SUPPORT & CARE SERVICES (HOLDING) LTD
Donall McCann
AQUIS EXCHANGE LIMITED
ARAM ADVISORS LTD
BALLYBOE LTD
BTWS CAIRNS
DERRYVEAGH LIMITED
DUNEANE ASSET MANAGEMENT LTD
FINBROOK INVESTMENTS LIMITED
FORMATION WORKS LTD
FOYLESIDE SC LIMITED
KILLAHOEY LIMITED
LAMBERT SMITH HAMPTON (NIRELAND) LIMITED
MAY STREET CAPITAL LTD
MSC (ERNESIDE) LTD
MSC AM 1 LTD
MSC FOYLESIDE LTD
MSC OVOLO LTD
MSC RUSHMERE LTD
MSC VENYOU LTD
MSC YEOVIL LTD
MUNTERMELLAN LTD
POLAR FILTER LIMITED
SAPPHIRE (NI) LTD
SF 2058 LIMITED
STROOVE LTD
THE SLEEPEXCHANGE LIMITED
Robert McFarland
360 FITOUT LTD
360 LEISURE LIMITED
565 LTD
CB1 PROPERTY LTD
ENERGY CONTROL IRELAND LIMITED
NVNI LIMITED
TWIIN DIGITAL LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022
Balance Sheet
Fixed Assets 1,804,000 1,804,000
Current Assets 111,707 111,707
Creditors Due Within One Year 906,166 906,166
Working Cap -794,459 -794,459
Total Assets Less Current Liabilities 1,009,541 1,009,541
Long-term Liabilities 337,702 337,702
Net Assets 671,839 671,839
Share Capital & Reserves
Share Cap - -
Profit & Loss Reserves - -
Other Reserves - -
Shareholders Funds 671,839 671,839
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022
Tangible Fixed Assets - -
Fixed Assets 94.2% 94.2%
Stocks Inventory - -
Debtors 5.8% 5.8%
Cash Bank In Hand - -
Current Assets 5.8% 5.8%
Creditors Due Within One Year 47.3% 47.3%
Net Current Assets Liabilities -41.5% -41.5%
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 35.1% 35.1%
Capital Employed - -
Total Assets Less Current Liabilities 52.7% 52.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022
Liquidity Ratio 0.1 0.1
Solvency Ratio 1.5 1.5
Reserves to Assets - -
Secured Creditors Unlock full report
Mortgages Charges 10
Mortgages Outstanding 7
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022
Assets 1,915,707 1,915,707
Debt 1,243,868 1,243,868
Net Assets/Debt 671,839 671,839

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. 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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. 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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. 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 BT60 1NF
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MODACC (NORTHERN IRELAND) LIMITED
Unit 1 Edenaveys Industrial Estate, Newry Rd, Armagh, Nortrhern Ireland, BT60 1NF
UNIMUSH IRELAND LTD
EDENAVEYS INDUSTRIAL ESTATE, NEWRY ROAD, ARMAGH, BT60 1NF
FLOORFORM HOLDINGS LIMITED
UNIT 1 EDENAVEYS INDUSTRIAL ESTATE, NEWRY RD, ARMAGH, NORTHERN IRELAND, BT60 1NF
LAIKALAIKA LTD.
Unit 1 / Floorform, Edenaveys Industrial Estate, Armagh, Ulster, BT60 1NF
FLOORFORM (UK) LIMITED
UNIT 1 EDENAVEYS INDUSTRIAL ESTATE, NEWRY RD, ARMAGH, NORTHERN IRELAND, BT60 1NF
U.M.I FOODS LTD
UNIT 1A EDENAVEYS INDUSTRIAL ESTATE, NEWRY ROAD, ARMAGH, BT60 1NF
Document Filings
Registration of charge NI6845930009, created on 29 October 2025
Registration of charge NI6845930010, created on 29 October 2025
Satisfaction of charge NI6845930007 in full
Registration of charge NI6845930008, created on 3 October 2025
Notification of James Stuart Draffin as a person with significant control on 1 January 2025
Cessation of Donall Mccann as a person with significant control on 24 July 2025
Cessation of James Stuart Kinnear Draffin as a person with significant control on 1 January 2025
Confirmation statement made on 24 July 2025 with updates
Cessation of James Stuart Kinnear Draffin as a person with significant control on 1 January 2025
Notification of Donall Mccann as a person with significant control on 1 January 2025
Notification of James Stuart Draffin as a person with significant control on 1 January 2025
Notification of Robert Mcfarland as a person with significant control on 15 May 2025
Notification of Donall Mccann as a person with significant control on 15 May 2025
Appointment of Mr Donall Mccann as a director on 15 May 2025
Appointment of Mr Robert John Wesley Mcfarland as a director on 15 May 2025
Confirmation statement made on 29 April 2025 with no updates
Registration of charge NI6845930007, created on 15 April 2025
Satisfaction of charge NI6845930001 in full
Satisfaction of charge NI6845930002 in full
Previous accounting period shortened from 31 December 2023 to 30 December 2023
Registration of charge NI6845930006, created on 17 June 2024
Certificate of change of name
Confirmation statement made on 29 April 2024 with updates
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