REDPATH CONSTRUCTION LIMITED

🌳Matureactive

SC344283 · ltd · incorporated 2008-06-12

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

£1.80M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

Investor take

Pursue

Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -65% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 15.3y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 15.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

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

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

2 connected companies via shared directors

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,797,857

Cash draining

Cash down 65% YoY

Cash YoY

-65%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£596k

↓ 65% YoY

Net Worth

£1.8m

↑ 26% YoY

Current Assets

£6.7m

↓ 10% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£2.43M	£2.03M
Current assets	£6.70M	£7.45M
Cash	£596.5k	£1.69M
Debtors	£6.10M	£5.75M
Net assets	£1.80M	£1.43M

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

• 3 officers
• 1 accounts

Last 180 days

filings

• 3 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2026-02-27
📄
accounts-with-accounts-type-medium
accounts · AA
2026-02-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
➕
CARDWELL, Susan appointed
director
2026-02-18
➕
COLLINS, Iain Kevin appointed
director
2026-02-18
➕
MOORE, William Clark appointed
director
2026-02-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-07-10
📄
accounts-with-accounts-type-full
accounts · AA
2023-08-03
📄
accounts-with-accounts-type-small
accounts · AA
2023-08-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-01
🔓
Charge satisfied #6
2022-11-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-08-03
📄
accounts-with-accounts-type-small
accounts · AA
2022-02-17
📄
accounts-with-accounts-type-small
accounts · AA
2022-02-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-14
🔓
Charge satisfied #5
2022-02-14
🔓
Charge satisfied #4
2021-01-19
📄
accounts-with-accounts-type-small
accounts · AA
2020-07-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-06-24
🔒
Charge registered #6
Lender: Barclays Bank PLC
2020-05-04
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-07-01
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-05-08
➖
CLARK, Derek resigned
director
2018-02-26
🔒
Charge registered #5
Lender: Barclays Bank PLC
2018-02-26
🔒
Charge registered #4
Lender: Barclays Bank PLC
2014-06-03
🔓
Charge satisfied #3
2014-06-03
🔓
Charge satisfied #2
2014-06-03
🔓
Charge satisfied #1
2011-06-03
🔒
Charge registered #3
Lender: Technical & General Guarantee Company Sa
2011-06-03
🔒
Charge registered #2
Lender: Technical & General Guarantee Company Sa
2011-01-25
🔒
Charge registered #1
Lender: Technical & General Guarantee Company Sa
2008-06-12
🏢
Company incorporated
As REDPATH CONSTRUCTION LIMITED
2008-06-12
➕
SLOAN, Alistair appointed
secretary
2008-06-12
➕
PRITCHARD, James Maben appointed
director
2008-06-12
➕
SLOAN, Alistair Thomas appointed
director
2008-06-12
➕
CLARK, Derek appointed
director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 18 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Alistair Thomas Sloan Individual · Scottish · DOB 04/1958 · age 68	—	25–50%	25-50% voting	01/06/2016
Mr James Maben Pritchard Individual · Scottish · DOB 10/1957 · age 69	25–50%	25–50%	25-50% shares · 25-50% voting	01/06/2016

2 historic (ceased) PSCs

Mr Derek Clarkceased 01/07/2019· 25-50% shares
Mr Derek Clarkceased 01/03/2018· 25-50% shares

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.

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Similar companies

Active · Construction · G postcode area

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QUDOS CONSULTING LIMITED→ SC733339 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
RB CONTRACTS LTD→ SC847878 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RDA SCAFFOLDING LIMITED→ SC268168 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
READY CONSTRUCTION LIMITED→ SC393394 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
RED (SCOTLAND) LTD→ SC688838 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
REDLINE ELECTRICAL SOLUTIONS LTD→ SC878506 · est 2026 · no financials extracted	—	—	—	—	—	—	—
REF AND AC PROJECTS LTD→ SC716780 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
REFINED OUTDOOR MAINTENANCE LTD→ SC872187 · est 2025 · no financials extracted	—	—	—	—	—	—	—
REFRESH BUILDERS SCOTLAND LTD→ SC803925 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
REGENCY SERVICES LTD→ SC801731 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
REGINA DEVELOPMENTS LTD→ SC724800 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
REILLY ELECTRICAL SERVICES LTD→ SC794432 · est 2024 · no financials extracted	—	—	—	—	2y	—	—

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

Incorporated2008-06-12

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

4 Spiersbridge Way

Thornliebank

Glasgow

G46 8NG

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-01-03

Last: 2025-12-20