RENNIE MACKINTOSH (ESTATES) LIMITED
Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
6 live charges · 2 lenders · oldest 19.8y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 |
|---|---|---|
| Total assets | £383.8k | £339.0k |
| Current assets | £1.04M | £917.1k |
| Cash | £945.8k | £826.7k |
| Debtors | £93.1k | £90.4k |
| Net assets | £355.8k | £311.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 accounts
Corporate timeline (28 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-10-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-09-20🔒Charge registered #7Lender: Bank of India
- 2018-09-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2018-09-12🔓Charge satisfied #2
- 2017-11-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2016-09-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-08-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-08-19➖MOFFAT, Elizabeth Anne resignedsecretary
- 2015-12-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-11-15🔒Charge registered #5Lender: Bank of India
- 2009-11-16🔒Charge registered #4Lender: Aib Group (UK) PLC
- 2009-11-16🔒Charge registered #3Lender: Aib Group (UK) PLC
- 2009-11-03🔒Charge registered #2Lender: Aib Group (UK) PLC
- 2006-07-20🔒Charge registered #1Lender: Aib Group (UK) PLC
- 2004-06-30🏢Company incorporatedAs RENNIE MACKINTOSH (ESTATES) LIMITED
- 2004-06-30➕BASSI, Tajinder Singh appointeddirector
- 2004-06-30➕MOFFAT, Elizabeth Anne appointedsecretary
- 2004-06-30➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-06-30➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Bassi Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Bassi Holdings Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 01/07/2016 |
Mr Tajinder Singh Bassi Individual · British · DOB 02/1977 · age 49 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bank of India | A registered charge | 1 property | 20/09/2018 | — | |
| outstanding | Bank of India | Standard security | 1 property | 15/11/2010 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 16/11/2009 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 16/11/2009 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | Floating charge | 1 property | 03/11/2009 | 12/09/2018 | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | Standard security | 1 property | 20/07/2006 | — |