R.B.G. PROPERTIES LIMITED

🌳Matureactive
SC218743 · ltd · incorporated 2001-05-01
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Strong seller-intent signal (88/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 23.7y

70/100
ready

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

  • · Oldest live charge is 23.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Average employees00

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
2
filings
  • • 1 accounts
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-04-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2022-04-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2008-03-15
    🔓
    Charge satisfied #4
  18. 2008-02-29
    🔓
    Charge satisfied #2
  19. 2008-02-26
    🔓
    Charge satisfied #6
  20. 2008-02-26
    🔓
    Charge satisfied #5
  21. 2008-02-26
    🔓
    Charge satisfied #3
  22. 2008-02-26
    🔓
    Charge satisfied #1
  23. 2006-11-06
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  24. 2006-04-11
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  25. 2005-09-16
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  26. 2002-11-22
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  27. 2002-10-22
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 2002-09-19
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  29. 2001-05-01
    🏢
    Company incorporated
    As R.B.G. PROPERTIES LIMITED
  30. 2001-05-01
    ➕
    NOONAN, Gabriella appointed
    secretary
  31. 2001-05-01
    ➕
    NOONAN, Gabriella appointed
    director
  32. 2001-05-01
    ➕
    NOONAN, Joseph Gabriel appointed
    director

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

91/100
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 84 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-08

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Joseph Noonan
Individual · British · DOB 03/1942 · age 84
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Miss Gabriella Noonan
Individual · British · DOB 01/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

8 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
Incorporated2001-05-01
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

1 Wester Tyne Place
Pencaitland
East Lothian
EH34 5BU
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-08OVERDUE
Last: 2025-04-24

Officers (3 active · 0 resigned)

NOONAN, Gabriella→
secretary · appointed 2001-05-01
View their other companies + combined net worth →
Active
NOONAN, Gabriella→
director · ~57y · appointed 2001-05-01
View their other companies + combined net worth →
Active
NOONAN, Joseph Gabriel→
director · ~84y · appointed 2001-05-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property06/11/200626/02/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property11/04/200626/02/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property16/09/200515/03/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/11/200226/02/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/10/200229/02/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property19/09/200226/02/2008

Recent filings (71 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-24
gazette-filings-brought-up-to-date
gazette · DISS40
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-28
gazette-notice-compulsory
gazette · GAZ1
2022-04-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28