RICHING LIMITED

💤Zombieactive
SC594856 · ltd · incorporated 2018-04-19
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 Apr 2025
Net worth
£196.1k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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: Cash flow review and working-capital discipline. Cash down -42% YoY — forensic review of receivables, stock turns, and creditor days. 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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
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 £196,063
Net assets shrinking
Down £15,083 YoY
Cash draining
Cash down 42% YoY
Cash YoY
-42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£51k
↓ 42% YoY
Net Worth
£196k
↓ 7.1% YoY
Current Assets
£245k
~ YoY
Current Liabilities
—
£0£49k£98k£147k£196k£245kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£196.1k£211.1k
Current assets£244.8k£244.7k
Cash£51.2k£88.7k
Debtors£103.6k£64.0k
Net assets£196.1k£211.1k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-05-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2019-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2019-05-07
    📄
    capital-allotment-shares
    capital · SH01
  11. 2019-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2019-05-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-05-06
    ➕
    LI, Shiyao appointed
    director
  14. 2019-05-06
    ➖
    WU, Kejia resigned
    director
  15. 2018-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-05-01
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2018-04-19
    🏢
    Company incorporated
    As RICHING LIMITED
  18. 2018-04-19
    ➕
    WU, Kejia appointed
    director
  19. 2018-04-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
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.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Shiyao Li
Individual · Chinese · DOB 08/1995 · age 31
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/05/2019
1 historic (ceased) PSC
  • Mr Kejia Wuceased 06/05/2019· 75-100% shares · 75-100% voting

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
Incorporated2018-04-19
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

9 Ainslie Place
Edinburgh
EH3 6AT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18

Officers (1 active · 1 resigned)

LI, Shiyao→
director · ~31y · appointed 2019-05-06
View their other companies + combined net worth →
Active
WU, Kejia→
director · ~42y · appointed 2018-04-19 · resigned 2019-05-06
Resigned

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

Recent filings (23 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-03
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-01
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-05-07