RICO DEVELOPMENTS LTD

⚰️Wound downliquidation

SC371462 · ltd · incorporated 2010-01-20

Investment thesis

Company liquidation — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Dec 2024

Net worth

—

book net assets

Opportunity

43/100

Watch

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other information service activities n.e.c.

Sector: Information & communication

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 43/100 (watch), bankability 40/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (75/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

11 officers (4 active, 11 linked, 9 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

18 connected companies via shared directors

Filing history

105 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

43/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	3400	3800

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 address

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2026-01-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-14
📄
resolution
resolution · RESOLUTIONS
2025-09-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-19
📄
resolution
resolution · RESOLUTIONS
2024-08-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-15
📄
capital-allotment-shares
capital · SH01
2023-05-11
📄
capital-allotment-shares
capital · SH01
2023-04-19
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-04-19
📄
legacy
capital · SH20
2023-04-19
⚠️
legacy
insolvency · CAP-SS
2023-04-19
📄
memorandum-articles
incorporation · MA
2023-04-19
📄
resolution
resolution · RESOLUTIONS
2022-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-01
➕
STIRRAT, Gavin James appointed
director
2022-07-27
📄
capital-cancellation-shares
capital · SH06
2022-07-21
📄
memorandum-articles
incorporation · MA
2022-07-21
📄
resolution
resolution · RESOLUTIONS
2022-07-08
➕
PATEL, Sanjay Bhupendra appointed
director
2022-07-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-29
➖
GLENNY, Julie resigned
director
2022-06-28
➖
RAHAMAN, Alex resigned
director
2022-01-12
➖
KELLY, Richard resigned
director
2021-02-18
➕
GLENNY, Julie appointed
director
2020-12-24
➕
RAHAMAN, Alex appointed
director
2020-02-20
➖
JONES, Nicholas Stewart resigned
director
2014-08-18
➕
MORRIS, Steven Charles appointed
director
2014-08-15
➕
JONES, Nicholas Stewart appointed
director
2010-02-18
➕
BROWN, Colin appointed
director
2010-02-18
➖
SHELF SECRETARY LIMITED resigned
corporate-secretary
2010-02-18
➖
BEVERIDGE, David Brannigan resigned
director
2010-02-18
➕
KELLY, Richard appointed
director
2010-02-18
➖
SHELF DIRECTOR LIMITED resigned
corporate-director
2010-01-20
🏢
Company incorporated
As RICO DEVELOPMENTS LTD
2010-01-20
➕
SHELF SECRETARY LIMITED appointed
corporate-secretary
2010-01-20
➕
BEVERIDGE, David Brannigan appointed
director
2010-01-20
➕
SHELF DIRECTOR LIMITED appointed
corporate-director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

68/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-05

Company in liquidation

high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-04-19: legacy

🔒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 · Technology · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEEBYTE LIMITED→ SC194014 · est 1999	£6.84M £4.88M–£8.79M	£10.82M	—	8800	27y	92	61y
CANONGATE BOOKS LIMITED→ SC152259 · est 1994	£6.02M £4.30M–£7.74M	—	—	64	31y	85	65y
EXTRAORDINARY MANAGED SERVICES LIMITED→ SC214448 · est 2001 · no financials extracted	—	—	—	—	25y	83	58y
INFOGISTICS LIMITED→ SC208321 · est 2000	—	—	—	700	25y	83	60y
INTELLIGENT MOBILE LIMITED→ SC266060 · est 2004	—	—	—	—	22y	83	66y
MICROSYS SOLUTIONS LIMITED→ SC185715 · est 1998	—	—	£140.2k	—	28y	83	59y
NDI TECHNOLOGIES LTD.→ SC173002 · est 1997 · no financials extracted	—	—	—	—	29y	83	93y
NETWORK ROI LTD→ SC299422 · est 2006	—	—	£161.9k	—	20y	83	71y
NILE HQ LTD→ SC306908 · est 2006	—	—	—	40	19y	83	63y
NW SECURITY GROUP LIMITED→ SC177283 · est 1997	—	—	£742.8k	—	28y	83	69y
OCCUPANCY MARKETING LIMITED→ SC360835 · est 2009	—	—	£2.10M	—	16y	83	60y
OPTIMISE HOLDINGS LIMITED→ SC291827 · est 2005	—	—	—	300	20y	83	63y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Statusliquidation

Typeltd

Incorporated2010-01-20

Jurisdictionscotland

Primary SIC63990 — Other information service activities n.e.c.

Registered office

C/O Frp Advisory Trading Limited Apex 3

95 Haymarket Terrace

Edinburgh

EH12 5HD

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-02-05OVERDUE

Last: 2025-01-22

Officers (4 active · 7 resigned)

BROWN, Colin→

director · ~41y · appointed 2010-02-18

View their other companies + combined net worth →

Active

MORRIS, Steven Charles→

director · ~64y · appointed 2014-08-18

View their other companies + combined net worth →

Active

PATEL, Sanjay Bhupendra→

director · ~55y · appointed 2022-07-08

View their other companies + combined net worth →

Active

STIRRAT, Gavin James→

director · ~50y · appointed 2022-08-01

View their other companies + combined net worth →

Active

SHELF SECRETARY LIMITED→

corporate-secretary · appointed 2010-01-20 · resigned 2010-02-18

Resigned

BEVERIDGE, David Brannigan→

director · ~52y · appointed 2010-01-20 · resigned 2010-02-18

Resigned

GLENNY, Julie→

director · ~59y · appointed 2021-02-18 · resigned 2022-06-29

Resigned

JONES, Nicholas Stewart→

director · ~50y · appointed 2014-08-15 · resigned 2020-02-20

Resigned

KELLY, Richard→

director · ~45y · appointed 2010-02-18 · resigned 2022-01-12

Resigned

RAHAMAN, Alex→

director · ~53y · appointed 2020-12-24 · resigned 2022-06-28

Resigned

SHELF DIRECTOR LIMITED→

corporate-director · appointed 2010-01-20 · resigned 2010-02-18

Resigned

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

Recent filings (105 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-01-23

resolution

resolution · RESOLUTIONS

2025-11-14

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-09

resolution

resolution · RESOLUTIONS

2025-08-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-22

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-08-20

confirmation-statement-with-updates

confirmation-statement · CS01

2024-01-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-09-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-08-31

capital-allotment-shares

capital · SH01

2023-08-15

capital-allotment-shares

capital · SH01

2023-05-11

capital-statement-capital-company-with-date-currency-figure

capital · SH19

2023-04-19

legacy

capital · SH20

2023-04-19

legacy

insolvency · CAP-SS

2023-04-19

memorandum-articles

incorporation · MA

2023-04-19