RTV - WORLDNET SHIPPING LIMITED

🌳Matureactive
SC233010 · ltd · incorporated 2002-06-19
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£1.02M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other transportation support activities
Sector: Transportation & storage
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 3 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,016,835
Cash YoY
-4%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£952k
↓ 4.3% YoY
Net Worth
£1.0m
↑ 6.4% YoY
Current Assets
£1.3m
↑ 2.9% YoY
Current Liabilities
—
£0£260k£521k£781k£1.0m£1.3mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£1.02M£967.2k
Current assets£1.30M£1.26M
Cash£951.5k£994.4k
Debtors£350.5k£270.4k
Net assets£1.02M£955.4k

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 (31 events)Click to expand
  1. 2025-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-10
    ➖
    GRANT SMITH LAW PRACTICE LIMITED resigned
    corporate-secretary
  3. 2024-09-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-09-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-09-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-10-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-09-27
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2019-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2017-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2011-08-02
    ➖
    GRANT SMITH LAW PRACTICE resigned
    corporate-secretary
  19. 2011-08-01
    ➕
    GRANT SMITH LAW PRACTICE LIMITED appointed
    corporate-secretary
  20. 2008-04-02
    ➕
    RITCHIE, Ronald Wilson appointed
    director
  21. 2008-04-02
    ➖
    RITCHIE, Ronald Wilson resigned
    secretary
  22. 2008-04-02
    ➕
    GRANT SMITH LAW PRACTICE appointed
    corporate-secretary
  23. 2003-12-31
    ➕
    RITCHIE, Janet Mary appointed
    director
  24. 2003-12-31
    ➕
    RITCHIE, Ronald Wilson appointed
    secretary
  25. 2003-12-31
    ➖
    ABERDEEN COMPOSITE COMPANY (II) LIMITED resigned
    corporate-nominee-secretary
  26. 2003-12-31
    ➖
    ABERDEEN COMPOSITE COMPANY LIMITED resigned
    corporate-nominee-director
  27. 2002-06-27
    ➖
    SIMMERS, Jamie Jan resigned
    nominee-director
  28. 2002-06-19
    🏢
    Company incorporated
    As RTV - WORLDNET SHIPPING LIMITED
  29. 2002-06-19
    ➕
    ABERDEEN COMPOSITE COMPANY (II) LIMITED appointed
    corporate-nominee-secretary
  30. 2002-06-19
    ➕
    SIMMERS, Jamie Jan appointed
    nominee-director
  31. 2002-06-19
    ➕
    ABERDEEN COMPOSITE COMPANY LIMITED appointed
    corporate-nominee-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 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 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
NameSharesVoting rightsNature of controlNotified
Mrs Janet Mary Ritchie
Individual · Irish · DOB 01/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Ronald Wilson Ritchie
Individual · British · DOB 02/1963 · age 63
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

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
Incorporated2002-06-19
Jurisdictionscotland
Primary SIC52290 — Other transportation support activities

Registered office

Unit 3 Burnside Industrial Centre Wellheads Road
Dyce
Aberdeen
Aberdeenshire
AB21 7HG
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-03
Last: 2025-06-19

Officers (2 active · 6 resigned)

RITCHIE, Janet Mary→
director · ~67y · appointed 2003-12-31
View their other companies + combined net worth →
Active
RITCHIE, Ronald Wilson→
director · ~63y · appointed 2008-04-02
View their other companies + combined net worth →
Active
RITCHIE, Ronald Wilson→
secretary · appointed 2003-12-31 · resigned 2008-04-02
Resigned
ABERDEEN COMPOSITE COMPANY (II) LIMITED→
corporate-nominee-secretary · appointed 2002-06-19 · resigned 2003-12-31
Resigned
GRANT SMITH LAW PRACTICE→
corporate-secretary · appointed 2008-04-02 · resigned 2011-08-02
Resigned
GRANT SMITH LAW PRACTICE LIMITED→
corporate-secretary · appointed 2011-08-01 · resigned 2024-09-10
Resigned
SIMMERS, Jamie Jan→
nominee-director · ~48y · appointed 2002-06-19 · resigned 2002-06-27
Resigned
ABERDEEN COMPOSITE COMPANY LIMITED→
corporate-nominee-director · appointed 2002-06-19 · resigned 2003-12-31
Resigned

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

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-23
termination-secretary-company-with-name-termination-date
officers · TM02
2024-09-10
change-person-director-company-with-change-date
officers · CH01
2024-09-10
change-person-director-company-with-change-date
officers · CH01
2024-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-12