RASCAL LETTINGS LTD

💤Zombieactive
SC530111 · ltd · incorporated 2016-03-18
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
£1.19M
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 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
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,194,432
Cash YoY
-29%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£658k
↓ 29% YoY
Net Worth
£1.2m
↑ 1.0% YoY
Current Assets
Current Liabilities
£0£239k£478k£717k£956k£1.2mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.19M£1.18M
Cash£658.4k£924.2k
Net assets£1.19M£1.18M

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
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2021-05-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2021-05-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-05-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-03-18
    🏢
    Company incorporated
    As RASCAL LETTINGS LTD
  15. 2016-03-18
    CALDWELL, Russell Ben appointed
    secretary
  16. 2016-03-18
    CALDWELL, Sarah Anne appointed
    director
  17. 2016-03-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Russell Ben Caldwell
Individual · British · DOB 05/1971 · age 55
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Sarah Anne Caldwell
Individual · British · DOB 06/1973 · age 53
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2016-03-18
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O D M Mcnaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (2 active · 0 resigned)

CALDWELL, Russell Ben
secretary · appointed 2016-03-18
View their other companies + combined net worth →
Active
CALDWELL, Sarah Anne
director · ~53y · appointed 2016-03-18
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-20
change-person-secretary-company-with-change-date
officers · CH03
2021-05-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-05-25
change-person-director-company-with-change-date
officers · CH01
2021-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-17