RS DEVELOPMENTS SCOTLAND LIMITED

🌳Matureactive
SC267210 · ltd · incorporated 2004-04-28
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 22.0y 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 Apr 2025
Net worth
£377.0k
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 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.0y

65/100
clean up first

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

  • · Oldest live charge is 22.0 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 (70/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
64 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 · accounting standard not declared
Positive net assets
Net assets £376,998
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £115 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£377k
~ YoY
Current Assets
£17k
↓ 14% YoY
Current Liabilities
—
£0£75k£151k£226k£302k£377kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£403.2k£404.6k
Current assets£16.9k£19.6k
Net assets£377.0k£377.1k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-11-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-05-02
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2025-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-01-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-01-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-02-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-11-01
    ➖
    WWW.FIRSTREGISTRARS.CO.UK LIMITED resigned
    corporate-secretary
  17. 2007-04-18
    ➕
    THOMSON, Susan Hazelgrave appointed
    secretary
  18. 2004-08-06
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  19. 2004-06-14
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  20. 2004-05-25
    ➕
    THOMSON, Susan Hazelgrave appointed
    director
  21. 2004-04-28
    🏢
    Company incorporated
    As RS DEVELOPMENTS SCOTLAND LIMITED
  22. 2004-04-28
    ➕
    THOMSON, Robert Lunnie appointed
    director
  23. 2004-04-28
    ➕
    WWW.FIRSTREGISTRARS.CO.UK LIMITED appointed
    corporate-secretary

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 75 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 75 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 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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.)
🔒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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£43.1k–£58.3k
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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
Incorporated2004-04-28
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Rock House
Kilchoan
Ardnamurchan
PH36 4LH
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-12
Last: 2026-04-28

Officers (3 active · 1 resigned)

THOMSON, Susan Hazelgrave→
secretary · appointed 2007-04-18
View their other companies + combined net worth →
Active
THOMSON, Robert Lunnie→
director · ~75y · appointed 2004-04-28
View their other companies + combined net worth →
Active
THOMSON, Susan Hazelgrave→
director · ~71y · appointed 2004-05-25
View their other companies + combined net worth →
Active
WWW.FIRSTREGISTRARS.CO.UK LIMITED→
corporate-secretary · appointed 2004-04-28 · resigned 2009-11-01
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property06/08/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property14/06/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
change-person-director-company-with-change-date
officers · CH01
2025-05-02
change-person-director-company-with-change-date
officers · CH01
2025-05-02
change-person-secretary-company-with-change-date
officers · CH03
2025-05-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-15