RESIDE DEVELOPMENTS (NUMBER FIVE) LIMITED
- · Oldest live charge 14.3y old — refinance window within 12 months
Opportunity 64/100 (worth a look), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · oldest 14.3y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 14.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (27 events)Click to expand
- 2023-06-13📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2023-06-13🏁Company dissolved
- 2023-03-28📄gazette-notice-voluntarygazette · GAZ1(A)
- 2023-03-17📄dissolution-application-strike-off-companydissolution · DS01
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-05-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-04-23📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-11-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-04-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-01-30🔒Charge registered #2Lender: Coutts & Company
- 2012-01-30🔒Charge registered #1Lender: Coutts & Company
- 2010-03-01➕RANDALL, Ian Martin appointeddirector
- 2005-04-01🏢Company incorporatedAs RESIDE DEVELOPMENTS (NUMBER FIVE) LIMITED
- 2005-04-01➕HAMBLIN, Brett appointedsecretary
- 2005-04-01➕HAMBLIN, Brett Anthony appointeddirector
- 2005-04-01➕WEST, Richard Aubrey Spencer appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +No director turnover: Company is 21 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 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 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-06-13
Group structure
Urban Green Developments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Urban Green Developments Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 0 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Coutts & Company | Debenture | 1 property | 30/01/2012 | — | |
| outstanding | NatWest Group Coutts & Company | Legal charge | 1 property | 30/01/2012 | — |