RJW DEVELOPMENTS LTD

🌳Matureactive

NI050538 · ltd · incorporated 2004-05-01

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

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

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 21.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

£-1.48M

book net assets

Opportunity

73/100

Strong

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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

Pass (distressed without resilience)

Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 70/100. Strong seller-intent signal (78/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 21.2y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 21.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

6 connected companies via shared directors

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £1,479,057

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

-£1.5m

Current Assets

£2k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-02-28
Current assets	£1.6k
Net assets	£-1.48M

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

filings

• 2 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-12-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-28
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-11-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-12-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-12-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-12-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-12-04
➕
COOPER, Richard West appointed
secretary
2019-12-04
➖
COOPER, Brian William resigned
secretary
2019-12-04
➖
COOPER, Brian William resigned
director
2019-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-11-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-09-23
🔒
Charge registered #3
Lender: Northern Bank Limited
2005-02-28
🔒
Charge registered #2
Lender: Northern Bank Limited
2005-02-28
🔒
Charge registered #1
Lender: Northern Bank Limited
2004-06-14
➕
COOPER, James Leslie appointed
director
2004-06-14
➕
COOPER, Richard West appointed
director
2004-06-14
➕
COOPER, Brian William appointed
director
2004-06-14
➖
CS DIRECTOR SERVICES LIMITED resigned
corporate-director
2004-05-01
🏢
Company incorporated
As RJW DEVELOPMENTS LTD
2004-05-01
➕
COOPER, Brian William appointed
secretary
2004-05-01
➕
CS DIRECTOR SERVICES LIMITED appointed
corporate-director

Owner dependency

91/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

91/100

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 76 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-15

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr James Leslie Cooper Individual · British · DOB 12/1950 · age 76	25–50%	—	25-50% shares	06/04/2016
Mr Richard West Cooper Individual · British · DOB 12/1964 · age 62	25–50%	—	25-50% shares	06/04/2016

1 historic (ceased) PSC

Mr Brian William Cooperceased 04/12/2019· 25-50% shares

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 · BT postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BALLINAMALLARD ENTERPRISE COMPANY LIMITED→ NI034886 · est 1998	£236.5k £201.0k–£271.9k	—	£236.5k	—	27y	83	86y
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CFR 75 LIMITED→ NI623827 · est 2014	—	£791.1k	—	0	12y	84	59y
MCCARTHY PRIME PROPERTIES LTD→ NI052166 · est 2004	—	£10.9k	—	0	21y	88	80y
HILLVIEW LODGE LIMITED→ NI025138 · est 1990	—	—	—	187	35y	87	76y
STRATHDEN LIMITED→ NI626346 · est 2014	—	—	—	200	11y	85	62y
ADREM INVESTMENTS LIMITED→ NI031681 · est 1996	—	—	—	0	29y	83	77y
ARDFOYLE TRUST→ NI016968 · est 1983	—	—	—	700	42y	83	87y
ARDILAUN LTD→ NI057602 · est 2005	—	—	—	400	20y	83	76y
ASHTREE INVESTMENTS LIMITED→ NI026837 · est 1992	—	—	—	300	33y	83	63y
BALLYKEEL BUSINESS DEVELOPMENT LTD→ NI033029 · est 1997 · no financials extracted	—	—	—	—	28y	83	84y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2004-05-01

Jurisdictionnorthern-ireland

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

Registered office

38-40 C/O Cooper Wilkinson Limited

Imperial Buidlings, 38-40 Queen Elizabeth Road

Enniskillen

Co. Fermanagh

BT74 7BY

Northern Ireland

Filing status

Accounts

Next due: 2026-11-27

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-05-15OVERDUE

Last: 2025-05-01

Officers (3 active · 3 resigned)

COOPER, Richard West→

secretary · appointed 2019-12-04

View their other companies + combined net worth →

Active

COOPER, James Leslie→

director · ~76y · appointed 2004-06-14

View their other companies + combined net worth →

Active

COOPER, Richard West→

director · ~62y · appointed 2004-06-14

View their other companies + combined net worth →

Active

COOPER, Brian William→

secretary · appointed 2004-05-01 · resigned 2019-12-04

Resigned

COOPER, Brian William→

director · ~76y · appointed 2004-06-14 · resigned 2019-12-04

Resigned

CS DIRECTOR SERVICES LIMITED→

corporate-director · appointed 2004-05-01 · resigned 2004-06-14

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	Northern Bank Northern Bank Limited	Mortgage or charge	1 property	23/09/2005	—
outstanding	Northern Bank Northern Bank Limited	Mortgage or charge	1 property	28/02/2005	—
outstanding	Northern Bank Northern Bank Limited	Mortgage or charge	1 property	28/02/2005	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-01

change-account-reference-date-company-previous-shortened

accounts · AA01

2025-11-28