RESIDE DEVELOPMENTS LIMITED

🌳Matureactive
03425192 · ltd · incorporated 1997-08-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£-20.3k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 27.6y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 27.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
13 officers (5 active, 13 linked, 8 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
25 connected companies via shared directors
90
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £20,310
Net assets shrinking
Down £147,853 YoY
Cash draining
Cash down 70% YoY
Cash YoY
-70%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 70% YoY
Net Worth
-£20k
↓ 116% YoY
Current Assets
£143k
↓ 61% YoY
Current Liabilities
—
-£20k£57k£134k£212k£289k£367kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£-20.3k£127.5k
Current assets£143.4k£366.6k
Cash£5.7k£18.9k
Debtors£137.7k£347.7k
Net assets£-20.3k£127.5k

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
3
filings
  • • 1 officers
  • • 1 mortgage
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-12-15
    ➖
    MUNTON, Andrew William resigned
    director
  2. 2025-12-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-12-15
    🔓
    Charge satisfied #5
  5. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-09-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-09-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2020-09-16
    ➕
    O'HALLORAN, Steven Anthony appointed
    director
  15. 2020-09-16
    ➕
    MUNTON, Andrew William appointed
    director
  16. 2020-06-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-06-10
    🔒
    Charge registered #5
    Lender: Lloyds Bank PLC
  18. 2020-05-06
    ➖
    WEST, Jacqueline Kim resigned
    director
  19. 2020-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2019-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-08-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2018-08-21
    🔓
    Charge satisfied #4
  24. 2017-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2016-02-01
    ➕
    LUCAS, Robin Anthony Gordon appointed
    director
  26. 2008-05-27
    🔓
    Charge satisfied #3
  27. 2008-05-27
    🔓
    Charge satisfied #2
  28. 2008-05-06
    🔒
    Charge registered #4
    Lender: Mortgage Express
  29. 2008-04-09
    🔒
    Charge registered #3
    Lender: Ian Martin Randall and Alison Ruth Randall
  30. 2007-11-29
    🔒
    Charge registered #2
    Lender: Ian Martin Randall and Alison Ruth Randall
  31. 2007-07-25
    🔓
    Charge satisfied #1
  32. 2005-11-22
    ➕
    WEST, Richard Aubrey Spencer appointed
    secretary
  33. 2005-11-22
    ➖
    HAMBLIN, Valerie Joy resigned
    secretary
  34. 2004-10-01
    ➕
    HAMBLIN, Brett Anthony appointed
    director
  35. 2004-10-01
    ➕
    WEST, Richard Aubrey Spencer appointed
    director
  36. 2004-02-20
    ➕
    HAMBLIN, Valerie Joy appointed
    secretary
  37. 2004-02-20
    ➖
    WEST, Richard Aubrey Spencer resigned
    secretary
  38. 2003-04-23
    ➖
    VORZANGER, Michael John resigned
    director
  39. 2003-04-23
    ➕
    WEST, Jacqueline Kim appointed
    director
  40. 2000-01-12
    ➖
    WEST, Richard Aubrey Spencer resigned
    director
  41. 1998-10-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  42. 1997-08-27
    🏢
    Company incorporated
    As RESIDE DEVELOPMENTS LIMITED
  43. 1997-08-27
    ➕
    WEST, Richard Aubrey Spencer appointed
    secretary
  44. 1997-08-27
    ➕
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  45. 1997-08-27
    ➖
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  46. 1997-08-27
    ➕
    VORZANGER, Michael John appointed
    director
  47. 1997-08-27
    ➕
    WEST, Richard Aubrey Spencer appointed
    director
  48. 1997-08-27
    ➕
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director
  49. 1997-08-27
    ➖
    DEANSGATE COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Brett Anthony Hamblin
Individual · British · DOB 08/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Richard Aubrey West
Individual · British · DOB 12/1965 · age 61
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1997-08-27
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

10 Victoria Road South
Southsea
Hampshire
PO5 2DA

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-10
Last: 2025-08-27

Officers (5 active · 8 resigned)

WEST, Richard Aubrey Spencer→
secretary · appointed 2005-11-22
View their other companies + combined net worth →
Active
HAMBLIN, Brett Anthony→
director · ~65y · appointed 2004-10-01
View their other companies + combined net worth →
Active
LUCAS, Robin Anthony Gordon→
director · ~75y · appointed 2016-02-01
View their other companies + combined net worth →
Active
O'HALLORAN, Steven Anthony→
director · ~43y · appointed 2020-09-16
View their other companies + combined net worth →
Active
WEST, Richard Aubrey Spencer→
director · ~61y · appointed 2004-10-01
View their other companies + combined net worth →
Active
HAMBLIN, Valerie Joy→
secretary · appointed 2004-02-20 · resigned 2005-11-22
Resigned
WEST, Richard Aubrey Spencer→
secretary · appointed 1997-08-27 · resigned 2004-02-20
Resigned
BRITANNIA COMPANY FORMATIONS LIMITED→
corporate-nominee-secretary · appointed 1997-08-27 · resigned 1997-08-27
Resigned
MUNTON, Andrew William→
director · ~52y · appointed 2020-09-16 · resigned 2025-12-15
Resigned
VORZANGER, Michael John→
director · ~87y · appointed 1997-08-27 · resigned 2003-04-23
Resigned
WEST, Jacqueline Kim→
director · ~62y · appointed 2003-04-23 · resigned 2020-05-06
Resigned
WEST, Richard Aubrey Spencer→
director · ~61y · appointed 1997-08-27 · resigned 2000-01-12
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED→
corporate-nominee-director · appointed 1997-08-27 · resigned 1997-08-27
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
A registered charge—10/06/202015/12/2025
satisfied
Mortgage Express
Mortgage deed1 property06/05/200821/08/2018
satisfied
Ian Martin Randall and Alison Ruth Randall
Legal charge1 property09/04/200827/05/2008
satisfied
Ian Martin Randall and Alison Ruth Randall
Legal charge1 property29/11/200727/05/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property08/10/199825/07/2007

Recent filings (97 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-12-15
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-25
appoint-person-director-company-with-name-date
officers · AP01
2020-09-29