RECO BUILDING DEVELOPMENTS LIMITED
🌳Matureactive
SC072376 · ltd · incorporated 1980-08-18
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 44.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£3.59M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueAsset-holding vehicle with a 82-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 44.8y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 44.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
90 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £3,594,558
Cash YoY
+40%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£660k
↑ 40% YoY
Net Worth
£3.6m
↑ 8.8% YoY
Current Assets
£1.7m
↑ 26% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £3.77M | £3.48M |
| Current assets | £1.72M | £1.37M |
| Cash | £660.0k | £471.1k |
| Debtors | £1.06M | £894.2k |
| Net assets | £3.59M | £3.30M |
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 (20 events)Click to expand
- 2025-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-05➖ENGLISH, Robert resigneddirector
- 2021-08-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-10-01📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-05-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-05-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-05-09📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-05-24📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2012-05-09➕ENGLISH, Jennifer Claire appointeddirector
- 1984-12-07🔓Charge satisfied #1
- 1981-07-17🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1980-08-18🏢Company incorporatedAs RECO BUILDING DEVELOPMENTS LIMITED
Owner dependency
81/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 82 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Jennifer Carol English Individual · British · DOB 12/1944 · age 82 | 25–50% | — | 25-50% shares | 01/07/2016 |
Ms Jennifer Claire English Individual · British · DOB 03/1977 · age 49 | — | — | sig. influencesignificant influence | 01/07/2016 |
1 historic (ceased) PSC
- Mr Robert Englishceased 05/06/2022· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Active · Property · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MACLAREN-MUNDELL PROPERTIES LTD→ SC848564 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| N. & D. MACLEOD (PORTREE) LIMITED→ SC062920 · est 1977 · no financials extracted | — | — | — | — | 48y | — | — |
| OSSIAN PROPERTY INVESTMENTS LTD→ SC424646 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| OTLE LAND LIMITED→ SC854851 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PATERSON ESTATES LIMITED→ SC392227 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| PETRIE PROPERTY INVESTMENTS LTD→ SC254949 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| PULNA COMPANY LTD→ SC855070 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| REAM CAIRDEAS LTD→ SC834439 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| REAM PROPERTY SALES LTD→ SC619251 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| REDSTONE PROPERTY PARTNER LTD→ SC773737 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| REDWALLS INVESTMENTS LIMITED→ SC080812 · est 1982 · no financials extracted | — | — | — | — | 43y | — | — |
| REGINA ANNA PROPERTIES LIMITED→ SC232592 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
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
Incorporated1980-08-18
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
16 Newmore
Muir Of Ord
Ross-Shire
IV6 7RG
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-30
Last: 2025-08-16
Officers (3 active · 1 resigned)
Active
ENGLISH, Jennifer Claire→
Activedirector · ~49y · appointed 2012-05-09
View their other companies + combined net worth →
Active
ENGLISH, Robert→
Resigneddirector · ~84y · resigned 2022-06-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 17/07/1981 | 07/12/1984 |
Recent filings (90 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-30
termination-director-company-with-name-termination-date
officers · TM01
2022-07-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-29
change-person-director-company-with-change-date
officers · CH01
2019-10-01