RED123 PROPERTIES LTD

🏛️Establishedactive
10256611 · ltd · incorporated 2016-06-29
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (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: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

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
2 connected companies via shared directors
51
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Average employees00

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
0
filings
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2025-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-04-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-03-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-03-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-07-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2017-07-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2017-06-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-06-29
    🏢
    Company incorporated
    As RED123 PROPERTIES LTD
  14. 2016-06-29
    ➕
    READMAN, Angela appointed
    director
  15. 2016-06-29
    ➕
    READMAN, Graham appointed
    director
  16. 2016-06-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

79/100
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.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
NameSharesVoting rightsNature of controlNotified
Mrs Angela Readman
Individual · British · DOB 05/1965 · age 61
25–50%
—25-50% shares29/06/2016
Mr Graham Readman
Individual · British · DOB 03/1969 · age 57
25–50%
—25-50% shares29/06/2016

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 →

Similar companies

Active · Property · DL postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
3 SAINTS PROPERTY LIMITED→
14657782 · est 2023 · no financials extracted
————3y——
36 STANHOPE ROAD MANAGEMENT COMPANY LIMITED→
07020840 · est 2009 · no financials extracted
————16y——
8NORTH PROPERTY LTD→
13936465 · est 2022 · no financials extracted
————4y——
A DAWSON PROPERTIES LTD→
14444033 · est 2022 · no financials extracted
————3y——
ABL ESTATES NE LTD→
16059195 · est 2024 · no financials extracted
————1y——
ACA PROPERTIES NE LTD→
14215061 · est 2022 · no financials extracted
————3y——
ACORN PROPERTIES (JESMOND) LIMITED→
04027663 · est 2000 · no financials extracted
————25y——
ADAM GRANT HOMES LTD→
14370894 · est 2022 · no financials extracted
————3y——
ADEBIO PROPERTIES LIMITED→
15864553 · est 2024 · no financials extracted
————1y——
ADVENTURES IN PROPERTY LIMITED→
07268543 · est 2010 · no financials extracted
————15y——
AFR CLEVELAND LTD→
09328665 · est 2014 · no financials extracted
————11y——
AGENCY SYSTEMS LIMITED→
04684332 · est 2003 · no financials extracted
————23y——
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
Incorporated2016-06-29
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

21 Stansted Grove
Middleton St. George
Darlington
County Durham
DL2 1UU
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-11
Last: 2025-06-27

Officers (2 active · 0 resigned)

READMAN, Angela→
director · ~61y · appointed 2016-06-29
View their other companies + combined net worth →
Active
READMAN, Graham→
director · ~57y · appointed 2016-06-29
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-29
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-13