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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 45.0y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£3.75M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pursue
Asset-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 45.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 45.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
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
91 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 declared
Positive net assets
Net assets £3,750,999
Cash YoY
+127%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£1.5m
↑ 127% YoY
Net Worth
£3.8m
↑ 4.4% YoY
Current Assets
£2.3m
↑ 32% YoY
Current Liabilities
—
£0£750k£1.5m£2.3m£3.0m£3.8mAug 2023Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-312023-08-31
Total assets£3.77M£3.77M£3.48M
Current assets£2.27M£1.72M£1.37M
Cash£1.50M£660.0k£471.1k
Debtors£770.0k£1.06M£894.2k
Net assets£3.75M£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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-08-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2022-07-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-06-05
    ➖
    ENGLISH, Robert resigned
    director
  9. 2021-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-05-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-10-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2019-10-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2019-05-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-05-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-05-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-05-09
    ➕
    ENGLISH, Jennifer Claire appointed
    director
  18. 1984-12-07
    🔓
    Charge satisfied #1
  19. 1981-07-17
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  20. 1980-08-18
    🏢
    Company incorporated
    As RECO BUILDING DEVELOPMENTS LIMITED

Owner dependency

81/100
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.
  • +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 candidate

Strong 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

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 Jennifer Carol English
Individual · British · DOB 12/1944 · age 82
25–50%
—25-50% shares01/07/2016
Ms Jennifer Claire English
Individual · British · DOB 03/1977 · age 49
——sig. influencesignificant influence01/07/2016
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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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: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-30
Last: 2025-08-16

Officers (3 active · 1 resigned)

ENGLISH, Jennifer Carol→
secretary
View their other companies + combined net worth →
Active
ENGLISH, Jennifer Claire→
director · ~49y · appointed 2012-05-09
View their other companies + combined net worth →
Active
ENGLISH, Jennifer Carol→
director · ~82y
View their other companies + combined net worth →
Active
ENGLISH, Robert→
director · ~84y · resigned 2022-06-05
Resigned

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
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property17/07/198107/12/1984

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
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