R & H PROPERTIES LTD.

💤Zombieactive
SC197981 · ltd · incorporated 1999-07-12
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 Sept 2024
Net worth
£447.6k
book net assets
Opportunity
82/100
Exceptional
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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
Pursue
Property-backed borrower with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -66% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 26.2y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 26.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · FRS 102
Positive net assets
Net assets £447,645
Net assets shrinking
Down £824 YoY
Cash draining
Cash down 66% YoY
Cash YoY
-66%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18k
↓ 66% YoY
Net Worth
£448k
~ YoY
Current Assets
£23k
↓ 61% YoY
Current Liabilities
—
£0£90k£179k£269k£359k£448kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£513.9k£547.3k
Current assets£22.6k£58.7k
Cash£18.3k£54.4k
Net assets£447.6k£448.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-07-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2017-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-09-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-10-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-10-02
    ➕
    MURRAY, Robin appointed
    secretary
  17. 2009-10-02
    ➕
    MURRAY, Helena appointed
    director
  18. 2009-10-02
    ➖
    MURRAY, Helena resigned
    secretary
  19. 2009-10-02
    ➖
    MURRAY, Robin Alistair resigned
    director
  20. 2006-12-29
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  21. 2000-05-10
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 2000-03-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  23. 1999-07-27
    ➕
    MURRAY, Robin Alistair appointed
    director
  24. 1999-07-26
    ➕
    MURRAY, Helena appointed
    secretary
  25. 1999-07-12
    🏢
    Company incorporated
    As R & H PROPERTIES LTD.
  26. 1999-07-12
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  27. 1999-07-12
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  28. 1999-07-12
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director
  29. 1999-07-12
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 27 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Helana Murray
Individual · British · DOB 11/1960 · age 66
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/06/2016

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

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
Incorporated1999-07-12
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Murray Caravans
A905 Dunmore
Airth
Falkirk
FK2 8SA

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-26
Last: 2025-07-12

Officers (2 active · 4 resigned)

MURRAY, Robin→
secretary · appointed 2009-10-02
View their other companies + combined net worth →
Active
MURRAY, Helena→
director · ~66y · appointed 2009-10-02
View their other companies + combined net worth →
Active
MURRAY, Helena→
secretary · appointed 1999-07-26 · resigned 2009-10-02
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 1999-07-12 · resigned 1999-07-12
Resigned
MURRAY, Robin Alistair→
director · ~79y · appointed 1999-07-27 · resigned 2009-10-02
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 1999-07-12 · resigned 1999-07-12
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/12/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/05/2000—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property16/03/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-07