RE:LETTINGS LIMITED

💤Zombieactive
NI071283 · ltd · incorporated 2008-12-10
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£13.5k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: medium (72/100)

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
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
74/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £13,466

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£13k
Current Assets
£375k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-30
Total assets£68.7k
Current assets£374.6k
Net assets£13.5k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
3
filings
  • • 2 accounts
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 accounts
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-03-25
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2025-12-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-02-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-02-02
    ➖
    EVANS, Bailey Mae resigned
    director
  8. 2023-06-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-04-27
    ➕
    EVANS, Richard appointed
    director
  10. 2023-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-08-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2022-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2022-08-23
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  14. 2021-11-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2021-11-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2021-09-08
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  17. 2021-08-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  18. 2021-06-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-01-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2017-11-03
    ➕
    EVANS, Bailey Mae appointed
    director
  21. 2017-11-03
    ➖
    EVANS, Richard resigned
    director
  22. 2009-10-06
    ➖
    HILL, Sharon resigned
    secretary
  23. 2009-10-06
    ➖
    HILL, Frank resigned
    director
  24. 2008-12-10
    🏢
    Company incorporated
    As RE:LETTINGS LIMITED
  25. 2008-12-10
    ➕
    HILL, Sharon appointed
    secretary
  26. 2008-12-10
    ➕
    EVANS, Richard appointed
    director
  27. 2008-12-10
    ➕
    HILL, Frank appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 17 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bailey Evans
Individual · British · DOB 09/1986 · age 40
75–100%
—75-100% shares03/11/2017
Mr Richard Evans
Individual · British · DOB 10/1982 · age 44
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest18/12/2025
1 historic (ceased) PSC
  • Mr Richard Evansceased 03/11/2017· 75-100% 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 →

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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
Incorporated2008-12-10
Jurisdictionnorthern-ireland
Primary SIC68310 — Real estate agencies

Registered office

68 Upper Church Lane
Belfast
BT1 4QL
Northern Ireland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-13
Last: 2026-04-29

Officers (1 active · 4 resigned)

EVANS, Richard→
director · ~44y · appointed 2023-04-27
View their other companies + combined net worth →
Active
HILL, Sharon→
secretary · appointed 2008-12-10 · resigned 2009-10-06
Resigned
EVANS, Bailey Mae→
director · ~40y · appointed 2017-11-03 · resigned 2024-02-02
Resigned
EVANS, Richard→
director · ~44y · appointed 2008-12-10 · resigned 2017-11-03
Resigned
HILL, Frank→
director · ~54y · appointed 2008-12-10 · resigned 2009-10-06
Resigned

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

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-27
change-account-reference-date-company-previous-extended
accounts · AA01
2026-03-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-12
termination-director-company-with-name-termination-date
officers · TM01
2024-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-21
appoint-person-director-company-with-name-date
officers · AP01
2023-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
gazette-filings-brought-up-to-date
gazette · DISS40
2022-08-30