M.T. RICHARDSON LIMITED

💤Zombieactive

03584644 · ltd · incorporated 1998-06-19

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£1.57M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pursue

Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 25.2y

45/100

under pressure

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

· Oldest live charge is 25.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (2 active, 6 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

83 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,574,509

Cash draining

Cash down 59% YoY

Cash YoY

-59%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£272k

↓ 59% YoY

Net Worth

£1.6m

↑ 3.3% YoY

Current Assets

£1.1m

↓ 22% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£1.60M	£1.57M
Current assets	£1.07M	£1.37M
Cash	£271.6k	£662.7k
Debtors	£706.8k	£622.0k
Net assets	£1.57M	£1.52M

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-17
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-06-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-03-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-06-15
📄
change-person-director-company-with-change-date
officers · CH01
2018-06-15
📄
change-person-secretary-company-with-change-date
officers · CH03
2018-06-15
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-03-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-06-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-03-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-31
➕
RICHARDSON, Michael Thomas appointed
secretary
2014-07-31
➖
RICHARDSON, Carole resigned
secretary
2014-07-31
➖
RICHARDSON, Carole resigned
director
2002-09-17
🔓
Charge satisfied #2
2001-03-19
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2001-03-19
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1998-06-19
🏢
Company incorporated
As M.T. RICHARDSON LIMITED
1998-06-19
➕
RICHARDSON, Michael Thomas appointed
director
1998-06-19
➕
RICHARDSON, Carole appointed
secretary
1998-06-19
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
1998-06-19
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
1998-06-19
➕
RICHARDSON, Carole appointed
director
1998-06-19
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
1998-06-19
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Founder name in company name: Company name contains director surname "RICHARDSON" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Thomas Richardson Individual · British · DOB 10/1957 · age 69	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Mrs Anne Teresa Richardson Individual · British · DOB 10/1962 · age 64	25–50%	25–50%	25-50% shares · 25-50% voting	14/06/2019

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 →

Similar companies

Active · Construction · TD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JEFFERSON ELECTRICAL CONTRACTORS LIMITED→ 12021353 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
JOHN G. GRAY (HOMES) LIMITED→ 02152886 · est 1987 · no financials extracted	—	—	—	—	38y	—	—
JUSEPO LIMITED→ 02584815 · est 1991 · no financials extracted	—	—	—	—	35y	—	—
KEVIN ARMSTRONG LIMITED→ 06300961 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
KZRE LTD→ 14204035 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
LOCKWOOD PATERSON LIMITED→ 05737896 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
LOVE LANE MEWS LIMITED→ 06433927 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
LOWICK CONSTRUCTION LIMITED→ 10494209 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
M & H PLUMBING & HEATING ENGINEERS LTD→ 11996232 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
MADEN PROPERTY DEVELOPMENTS (CORNHILL RD) LTD→ 11676584 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
MATTHEW LEE JOINERY LTD→ 09730526 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
MATTWOOD DEVELOPMENTS LTD→ 08670894 · est 2013 · no financials extracted	—	—	—	—	12y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated1998-06-19

Jurisdictionengland-wales

Primary SIC41201 — Construction of commercial buildings

Registered office

Ava Lodge

Castle Terrace

Berwick Upon Tweed

TD15 1NP

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-07-03

Last: 2025-06-19

Officers (2 active · 4 resigned)

RICHARDSON, Michael Thomas→

secretary · appointed 2014-07-31

View their other companies + combined net worth →

Active

RICHARDSON, Michael Thomas→

director · ~69y · appointed 1998-06-19

View their other companies + combined net worth →

Active

RICHARDSON, Carole→

secretary · appointed 1998-06-19 · resigned 2014-07-31

Resigned

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1998-06-19 · resigned 1998-06-19

Resigned

RICHARDSON, Carole→

director · ~70y · appointed 1998-06-19 · resigned 2014-07-31

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 1998-06-19 · resigned 1998-06-19

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Letter of pledge	1 property	19/03/2001	17/09/2002
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Debenture	1 property	19/03/2001	—

Click column headers to sort. Use filters above to narrow by status and lender.