RFP SALCOMBE LTD

🌳Matureactive
08866320 · ltd · incorporated 2014-01-29
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
£-845
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 10822
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £845
Net assets shrinking
Down £1,007 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£845
↓ 622% YoY
Current Assets
£5k
↓ 85% YoY
Current Liabilities
-£845£6k£13k£19k£26k£33kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-312024-05-31
Total assets£887£31.1k
Current assets£4.8k£33.1k
Net assets£-845£162

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 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  5. 2024-01-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-10-20
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2023-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-09-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-10-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2017-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2017-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2014-01-29
    🏢
    Company incorporated
    As RFP SALCOMBE LTD
  18. 2014-01-29
    PUGH, Matthew Robert appointed
    director
  19. 2014-01-29
    PUGH, Shelley Corrinne appointed
    director

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-10-17: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Matthew Robert Pugh
Individual · British · DOB 11/1970 · age 56
2550%
25-50% shares06/04/2016
Mrs Shelley Corrinne Pugh
Individual · British · DOB 03/1970 · age 56
2550%
25-50% shares06/04/2016

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

6 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
Incorporated2014-01-29
Jurisdictionengland-wales
Primary SIC10822 — SIC 10822

Registered office

156 Newton Road
Torquay
TQ2 7AQ
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-12
Last: 2026-01-29

Officers (2 active · 0 resigned)

PUGH, Matthew Robert
director · ~56y · appointed 2014-01-29
View their other companies + combined net worth →
Active
PUGH, Shelley Corrinne
director · ~56y · appointed 2014-01-29
View their other companies + combined net worth →
Active

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

Recent filings (36 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-06
certificate-change-of-name-company
change-of-name · CERTNM
2024-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-02
change-account-reference-date-company-previous-extended
accounts · AA01
2023-10-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-09