RIDGEVIEW CONSTRUCTION LTD

🚨Distressedactive
NI645459 · ltd · incorporated 2017-04-27
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2023
Net worth
£-44.2k
book net assets
Opportunity
61/100
Worth a look
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What this business does

Likely engaged in day-to-day construction and development of both commercial and residential buildings in the Northern Ireland area, with operations spanning project management, site work, and building delivery across the domestic and commercial sectors.

Primary activity: Construction of commercial buildings
Sector: Construction
ALSO REGISTERED FOR
  • 41202Construction of domestic buildings
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
21 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £44,154
Net assets shrinking
Down £51,159 YoY
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 84% YoY
Net Worth
-£44k
↓ 730% YoY
Current Assets
£14k
↓ 61% YoY
Current Liabilities
—
-£44k-£28k-£12k£3k£19k£35kApr 2022Apr 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-04-302022-04-30
Total assets£-44.2k£11.8k
Current assets£13.5k£35.1k
Cash£2.8k£17.8k
Debtors£8.8k£2.3k
Net assets£-44.2k£7.0k

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
2
filings
  • • 1 confirmation-statement
  • • 1 gazette
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 gazette
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 gazette
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-05-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-05-10
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-04-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-04-09
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-04-27
    🏢
    Company incorporated
    As RIDGEVIEW CONSTRUCTION LTD
  13. 2017-04-27
    ➕
    CHRISTIE, Colin appointed
    director
  14. 2017-04-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-01-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Colin Christie
Individual · British · DOB 04/1990 · age 36
75–100%
75–100%75-100% shares · 75-100% voting27/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2017-04-27
Jurisdictionnorthern-ireland
Primary SIC41201 — Construction of commercial buildings

Registered office

11 Mill Road
Annalong
Co. Down
BT34 4RH
United Kingdom

Filing status

Accounts
Next due: 2025-01-31OVERDUE
Last made up to: 2023-04-30
Confirmation statement
Next due: 2027-05-10
Last: 2026-04-26

Officers (1 active · 0 resigned)

CHRISTIE, Colin→
director · ~36y · appointed 2017-04-27
View their other companies + combined net worth →
Active

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

Recent filings (21 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-21
gazette-notice-compulsory
gazette · GAZ1
2026-05-19
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-09
gazette-notice-compulsory
gazette · GAZ1
2025-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-02
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
gazette-notice-compulsory
gazette · GAZ1
2024-04-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-19