RDFENCING LTD.

🏛️Establishedactive

SC556958 · ltd · incorporated 2017-02-08

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

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 Mar 2025

Net worth

—

book net assets

Opportunity

64/100

Worth a look

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

What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), 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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

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 · accounting standard unknown

Metric	2025-03-31	2024-03-31
Average employees	5	500

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-12-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-20
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-01-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-06-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-06-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-06-28
📄
change-person-director-company-with-change-date
officers · CH01
2019-06-28
📄
change-person-director-company-with-change-date
officers · CH01
2017-02-08
🏢
Company incorporated
As RDFENCING LTD.
2017-02-08
➕
DUNCAN, Richie Graham Rothney appointed
director
2017-02-08
➕
KUJAS, Anja appointed
director

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·

Confirmation statement overdue

high

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

Evidence: Next due: 2026-02-21

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Richie Graham Rothney Duncan Individual · British · DOB 11/1987 · age 39	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/02/2017
Ms Anja Kujas Individual · German · DOB 01/1980 · age 46	—	—	sig. influencesignificant influence	08/02/2017

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

Similar companies

Active · Construction · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BEAR SCOTLAND LIMITED→ SC206139 · est 2000	£13.00M £9.29M–£16.72M	—	—	—	26y	83	65y
G.S. BROWN CONSTRUCTION LIMITED→ SC047574 · est 1970	£3.14M £2.24M–£4.03M	—	—	46	56y	84	83y
A. PROCTOR GROUP LIMITED→ SC105054 · est 1987	£1.97M £1.40M–£2.53M	—	—	102	39y	87	60y
BALHOUSIE GLAZING LIMITED→ SC148115 · est 1993	—	—	£216.9k	—	32y	83	70y
ALGO (BLAIRGOWRIE) LIMITED→ SC166057 · est 1996	—	—	£5.05M	—	30y	82	85y
CALEDONIAN DEVELOPMENTS LTD.→ SC211941 · est 2000	—	—	—	200	25y	82	64y
CIOCH LIMITED→ SC169567 · est 1996	—	—	£62.8k	—	29y	82	76y
GILLIES & MACKAY LIMITED→ SC237291 · est 2002	—	—	£89.9k	—	23y	82	66y
GRM INVESTMENTS LIMITED→ SC346383 · est 2008	—	—	£31.7k	—	17y	82	65y
J. F. HALLEY & SON LIMITED→ SC282324 · est 2005	—	—	—	4	21y	82	66y
JAMES MOFFAT CONSTRUCTION LIMITED→ SC333711 · est 2007	—	—	£127.4k	—	18y	82	61y
LANDSTOCK HIGHLAND LIMITED→ SC154534 · est 1994	—	—	—	—	31y	82	84y

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

Incorporated2017-02-08

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

Lochview

Wester Essendy

Blairgowrie

PH10 6RD

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-02-21OVERDUE

Last: 2025-02-07

Officers (2 active · 0 resigned)

DUNCAN, Richie Graham Rothney→

director · ~39y · appointed 2017-02-08

View their other companies + combined net worth →

Active

KUJAS, Anja→

director · ~46y · appointed 2017-02-08

View their other companies + combined net worth →

Active

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

Recent filings (31 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-07

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-07

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-02-07

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

address · AD01

2023-01-20

change-person-director-company-with-change-date

officers · CH01

2023-01-20

change-person-director-company-with-change-date

officers · CH01

2023-01-20

change-person-director-company-with-change-date

officers · CH01

2023-01-20

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-01-20

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-01-20

accounts-with-accounts-type-micro-entity

accounts · AA

2022-11-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-02-07

accounts-with-accounts-type-micro-entity

accounts · AA

2021-12-17