REDS RELAX ENJOY DEVELOP LIMITED
🌳Matureactive
SC293103 · ltd · incorporated 2005-11-13
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 19.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£12.3k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with exceptional profile and bankable structure.
Opportunity 83/100 (exceptional), bankability 80/100. 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. 2 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
2 live charges · oldest 19.6y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 19.6 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: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 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
83/100Exceptional
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
85
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 declaredPositive net assets
Net assets £12,267
Net assets shrinking
Down £248 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£12k
↓ 2.0% YoY
Current Assets
£459
↑ 373% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £300.6k | £289.2k |
| Current assets | £459 | £97 |
| Net assets | £12.3k | £12.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (24 events)Click to expand
- 2025-11-04➖GLADSTONE-WALLACE, Lucy Margaret resigneddirector
- 2025-11-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-16➕GLADSTONE-WALLACE, Tegan Loretta appointeddirector
- 2016-11-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-14➕GLADSTONE-WALLACE, Aillidh Catherine appointeddirector
- 2016-11-14➕WALLACE, Derek Joseph appointeddirector
- 2016-11-14➕GLADSTONE-WALLACE, Lucy Margaret appointeddirector
- 2016-11-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-11-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2007-04-25🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-10-11🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2005-11-13🏢Company incorporatedAs REDS RELAX ENJOY DEVELOP LIMITED
- 2005-11-13➕WALLACE, Derek Joseph appointedsecretary
- 2005-11-13➕GLADSTONE, Louise Margaret appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 21 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miss Louise Margaret Gladstone Individual · British · DOB 04/1966 · age 60 | 75–100% | — | 75-100% shares | 13/11/2016 |
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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TULLYBEAGLES LIMITED→ SC352935 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| TWENTY TWO HOLDINGS LIMITED→ SC587584 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| W PROPERTY HOLDINGS LTD→ SC821333 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WATERBOARD PROPERTY LTD→ SC747419 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| WATERLOO COMMERCIAL LTD→ SC830006 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WEEHI PROPERTIES LIMITED→ SC722230 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| WELCOME NEST LTD→ SC857985 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WEST TOWN LIMITED→ SC340005 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| WFW PROPERTY LIMITED→ SC853453 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WIDIT PROPERTIES LTD→ SC847843 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WIGHTMAN LETTINGS LTD→ SC818153 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WILSON2 PROPERTIES LIMITED→ SC637563 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2005-11-13
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
51 Durham Avenue
Edinburgh
EH15 1RR
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18
Officers (5 active · 1 resigned)
WALLACE, Derek Joseph→
Activesecretary · appointed 2005-11-13
View their other companies + combined net worth →
GLADSTONE, Louise Margaret→
Activedirector · ~60y · appointed 2005-11-13
View their other companies + combined net worth →
GLADSTONE-WALLACE, Aillidh Catherine→
Activedirector · ~28y · appointed 2016-11-14
View their other companies + combined net worth →
GLADSTONE-WALLACE, Tegan Loretta→
Activedirector · ~32y · appointed 2016-11-16
View their other companies + combined net worth →
WALLACE, Derek Joseph→
Activedirector · ~60y · appointed 2016-11-14
View their other companies + combined net worth →
GLADSTONE-WALLACE, Lucy Margaret→
Resigneddirector · ~26y · appointed 2016-11-14 · resigned 2025-11-04
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 3 properties | 25/04/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 11/10/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (51 total)
termination-director-company-with-name-termination-date
officers · TM01
2025-11-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-27