RDA PROPERTIES LIMITED

🌳Matureactive

SC232593 · ltd · incorporated 2002-06-11

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 23.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

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 85-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.9y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

9 officers (7 active, 9 linked, 6 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

79 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Average employees	0	600

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-30
📄
change-person-director-company-with-change-date
officers · CH01
2024-05-30
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
📄
change-person-director-company-with-change-date
officers · CH01
2023-12-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2022-08-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-11
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-11
📄
change-person-secretary-company-with-change-date
officers · CH03
2020-06-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-04-01
➕
DAGEN, Paul Joseph appointed
director
2020-04-01
➕
PICKEN, Carol Ann appointed
director
2020-04-01
➕
STEWART, Jennifer Kathleen appointed
director
2020-04-01
➕
WOOD, Louise Margaret appointed
director
2002-07-05
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2002-06-14
➕
PICKEN, John Alexander appointed
secretary
2002-06-14
➕
DAGEN, Joseph appointed
director
2002-06-14
➕
PICKEN, John Alexander appointed
director
2002-06-14
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2002-06-14
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
2002-06-11
🏢
Company incorporated
As RDA PROPERTIES LIMITED
2002-06-11
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2002-06-11
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 85 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 85 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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

Name	Shares	Voting rights	Nature of control	Notified
Mr Joseph Dagen Individual · British · DOB 02/1941 · age 85	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr John Alexander Picken Individual · British · DOB 02/1955 · age 71	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 →

Similar companies

Active · Property · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J & E NOMINEES LIMITED→ SC237007 · est 2002	£3.06M £2.60M–£3.52M	—	£3.06M	—	23y	83	66y
ABZCO LTD.→ SC223809 · est 2001	£655.5k £557.2k–£753.9k	—	£655.5k	—	24y	82	77y
MNA (SCOTLAND) LIMITED→ SC283813 · est 2005	£637.9k £542.2k–£733.6k	—	£637.9k	—	21y	83	60y
STATION WORKS PROPERTIES LTD.→ SC083127 · est 1983	£39.9k £33.9k–£45.9k	—	£39.9k	—	42y	83	79y
THE OLD MILL COMPANY (DUNDEE) LIMITED→ SC250344 · est 2003	£16.4k £13.9k–£18.9k	—	£16.4k	—	22y	83	62y
LOW HOLDINGS (SCOTLAND) LIMITED→ SC412906 · est 2011	—	—	—	400	14y	84	74y
CKS PROPERTIES LIMITED→ SC295259 · est 2006	—	—	—	5	20y	83	67y
EAST OF SCOTLAND COLOUR PRINT LIMITED→ SC343575 · est 2008	—	—	—	4	17y	83	63y
H & H PROPERTIES (UK) LIMITED→ SC267997 · est 2004	—	—	—	2300	21y	83	73y
PANMURE NEWS LIMITED→ SC336255 · est 2008	—	—	—	0	18y	83	62y
WESTWATER ESTATES LIMITED→ SC288351 · est 2005	—	—	—	300	20y	83	60y
WALKER CRAVEN HOMES LIMITED→ SC315031 · est 2007 · no financials extracted	—	—	—	—	19y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2002-06-11

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

46 Ferndale Drive

Broughty Ferry

Dundee

Scotland

DD5 3DF

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-25

Last: 2025-06-11