2 RG LTD

🌳Matureactive

05562184 · ltd · incorporated 2005-09-13

Investment thesis

Property vehicle with a workable charge structure — clean refinance potential.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Dependent on title and valuation due diligence; standard property risks.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 18.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£347.3k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Asset-holding vehicle with a 72-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 72). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 18.8y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 18.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

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

7 officers (5 active, 7 linked, 5 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

9 connected companies via shared directors

Filing history

63 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

83/100Exceptional

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 £347,310

Cash YoY

+79650%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£14k

↑ 79650% YoY

Net Worth

£347k

↑ 8.4% YoY

Current Assets

£14k

↑ 749% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£406.0k	£388.4k
Current assets	£14.4k	£1.7k
Cash	£14.4k	£18
Debtors	—	£1.7k
Net assets	£347.3k	£320.5k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 address

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-05
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-16
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-16
🔓
Charge satisfied #2
2024-12-16
🔓
Charge satisfied #1
2024-09-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2008-06-20
🔒
Charge registered #2
Lender: Principality Building Society
2008-05-19
➕
D'ALESIO, Deborah appointed
director
2007-07-18
🔒
Charge registered #1
Lender: Principality Building Society
2005-09-13
🏢
Company incorporated
As 2 RG LTD
2005-09-13
➕
THOMAS, Ruth Elizabeth appointed
secretary
2005-09-13
➕
HARRIES, Gareth appointed
director
2005-09-13
➕
JONES, Rowland William Parry appointed
director
2005-09-13
➕
THOMAS, Ruth Elizabeth appointed
director
2005-09-13
➕
LAZARUS, Heather Ann appointed
nominee-secretary
2005-09-13
➖
LAZARUS, Heather Ann resigned
nominee-secretary
2005-09-13
➕
LAZARUS, Harry Pierre appointed
nominee-director
2005-09-13
➖
LAZARUS, Harry Pierre resigned
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 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — 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 72 years old. Natural succession window is now.
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

clean

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

🔒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 · Property · SA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
1 DENVER ROAD LTD→ 10884623 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
20A LTD→ 13376469 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
2OTH LTD→ 12402905 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
360 PROPERTY & LETTINGS GROUP LTD→ 14437318 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
38 HBG LTD→ 16896081 · est 2025 · no financials extracted	—	—	—	—	—	—	—
4REAL ESTATE LIMITED→ 15119929 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
5 QUARTERS PROPERTY LTD→ 10941583 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
627 CLYDACH ROAD LTD→ 10890078 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
68 CARDIFF ROAD (RESIDENTIAL MANAGEMENT) LIMITED→ 09611042 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
684A AND 684A MUMBLES ROAD MANAGEMENT COMPANY LIMITED→ 14002541 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
6R4 LANE LIMITED→ 16645656 · est 2025 · no financials extracted	—	—	—	—	—	—	—
85 LTD→ 08247386 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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

Incorporated2005-09-13

Jurisdictionengland-wales

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

25 Carnglas Avenue

Sketty

Swansea

SA2 9JQ

Wales

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-27

Last: 2025-09-13

Officers (5 active · 2 resigned)

THOMAS, Ruth Elizabeth→

secretary · appointed 2005-09-13

View their other companies + combined net worth →

Active

D'ALESIO, Deborah→

director · ~62y · appointed 2008-05-19

View their other companies + combined net worth →

Active

HARRIES, Gareth→

director · ~66y · appointed 2005-09-13

View their other companies + combined net worth →

Active

JONES, Rowland William Parry→

director · ~72y · appointed 2005-09-13

View their other companies + combined net worth →

Active

THOMAS, Ruth Elizabeth→

director · ~67y · appointed 2005-09-13

View their other companies + combined net worth →

Active

LAZARUS, Heather Ann→

nominee-secretary · appointed 2005-09-13 · resigned 2005-09-13

Resigned

LAZARUS, Harry Pierre→

nominee-director · ~89y · appointed 2005-09-13 · resigned 2005-09-13

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	Principality Building Society	Legal charge	1 property	20/06/2008	16/12/2024
	satisfied	Principality Building Society	Legal charge	1 property	18/07/2007	16/12/2024

Recent filings (63 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-12-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-18

mortgage-satisfy-charge-full

mortgage · MR04

2024-12-16

mortgage-satisfy-charge-full

mortgage · MR04

2024-12-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-09-12

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-09-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-09-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-09-16

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-09-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-09-22