RESIDE DEVELOPMENTS (NUMBER TWO) LTD
Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
2 live charges · oldest 9.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 9.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
Corporate timeline (24 events)Click to expand
- 2025-11-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-27➖RANDALL, Ian Martin resigneddirector
- 2025-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-11-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-08-30🔒Charge registered #2Lender: Close Brothers Limited
- 2016-08-30🔒Charge registered #1Lender: Close Brothers Limited
- 2016-04-28➖WEST, Richard Aubrey Spencer resigneddirector
- 2013-07-11🏢Company incorporatedAs RESIDE DEVELOPMENTS (NUMBER TWO) LTD
- 2013-07-11➕HAMBLIN, Brett Anthony appointeddirector
- 2013-07-11➕RANDALL, Ian Martin appointeddirector
- 2013-07-11➕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.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Reside 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 |
|---|---|---|---|---|
Reside Developments Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 25/09/2025 |
2 historic (ceased) PSCs
- Mr Ian Martin Randallceased 25/09/2025· 25-50% shares · 25-50% voting
- Mrs Alison Ruth Randallceased 25/09/2025· 25-50% shares · 25-50% voting
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.
See pricing →Similar companies
Active · Construction · RH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 360 RESPONSE LTD→ 07125606 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| A COFFIN UK LIMITED→ 12123443 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| A DANSIE ROOFING LIMITED→ 08817340 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| A DAVIS CONSTRUCTION LIMITED→ 09039964 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| A.C.S HOME & COMMERCIAL SERVICES LTD→ 16202334 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AAL CONSTRUCTION LTD→ 10883740 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ABBOTCASTLE LIMITED→ 01784809 · est 1984 · no financials extracted | — | — | — | — | 42y | — | — |
| ABDO LTD→ 17041403 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ABSTRACTT LTD→ 12722458 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ACE ELECTRICAL INSTALLATIONS LTD→ 08429910 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ACE ELECTRICAL SERVICES LTD→ 11697588 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ACE SPRAY LIMITED→ 07208820 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 30/08/2016 | — | |
| outstanding | Close Brothers Close Brothers Limited | A registered charge | 1 property | 30/08/2016 | — |