THE RITUAL WORKS LTD
🏛️Establishedactive
SC606024 · ltd · incorporated 2018-08-22
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 Aug 2025
Net worth
£-83.4k
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
ALSO REGISTERED FOR
- 25990SIC 25990
- 29320SIC 29320
- 74100Specialised design activities
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: high (87/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £83,401
Key financials
3 years extracted from filed iXBRL accountsCash
£10k
Net Worth
-£83k
↑ 6.0% YoY
Current Assets
£77k
↑ 156% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Total assets | £39.7k | £55.7k | £-17.9k |
| Current assets | £77.1k | £30.1k | £37.1k |
| Cash | £10.2k | — | — |
| Debtors | £24.1k | — | — |
| Net assets | £-83.4k | £-88.8k | £-46.0k |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-05-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-04-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-21📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-22📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-05-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-20➕KASYAN, Eleonora appointeddirector
- 2018-09-18➖RENNIE, Eleonora resigneddirector
- 2018-08-30➕RENNIE, Eleonora appointeddirector
- 2018-08-22🏢Company incorporatedAs THE RITUAL WORKS LTD
- 2018-08-22➕RENNIE, Michael Joseph appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Joseph Rennie Individual · British · DOB 06/1996 · age 30 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/08/2018 |
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.
See pricing →Similar companies
Active · Manufacturing · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BSB STRUCTURAL LTD.→ SC277667 · est 2004 | £13.76M £10.70M–£16.82M | £20.18M | — | 7300 | 21y | 85 | 65y |
| BROWN MCFARLANE LIMITED→ SC121113 · est 1989 | £6.25M £4.87M–£7.64M | — | — | 92 | 36y | 87 | 60y |
| IMV TECHNOLOGIES UK LIMITED→ SC085981 · est 1983 | £5.78M £4.49M–£7.06M | £16.44M | — | 66 | 42y | 83 | 59y |
| RAINBOW BLINDS AND FABRICS LIMITED→ SC191505 · est 1998 | £1.52M £1.18M–£1.86M | £4.18M | — | 5100 | 27y | 88 | 64y |
| BRYSON TRACTORS LIMITED→ SC235088 · est 2002 | £949.1k £738.2k–£1.16M | — | — | 41 | 23y | 87 | 62y |
| BROWN MCFARLANE PRECISION ENGINEERING LIMITED→ SC652564 · est 2020 | £882.0k £686.0k–£1.08M | — | — | 6 | 6y | 83 | 60y |
| PARKBURN PRECISION HANDLING SYSTEMS LIMITED→ SC158127 · est 1995 | £570.0k £443.3k–£696.7k | — | — | 68 | 31y | 85 | 69y |
| MV FRUEHAUF LTD→ SC708376 · est 2021 | £150.9k £117.4k–£184.4k | — | — | 149 | 4y | 82 | 63y |
| CONSARC ENGINEERING LIMITED→ SC019918 · est 1937 · no financials extracted | — | — | — | — | 88y | 83 | 79y |
| CRANE MAINTAIN LTD→ SC317952 · est 2007 | — | — | £852.7k | — | 19y | 83 | 59y |
| GLENISLA KILTS LIMITED→ SC217626 · est 2001 | — | — | £63.7k | — | 25y | 83 | 74y |
| HUGH LOGAN PLANT & ENGINEERING SERVICES LIMITED→ SC060061 · est 1976 | — | — | £1.25M | — | 50y | 83 | 59y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2018-08-22
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures
Registered office
Block 5, Burns Lane Chapelhall Industrial Estate
Chapelhall
Airdrie
ML6 8QH
Scotland
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21
Officers (2 active · 1 resigned)
KASYAN, Eleonora→
Activedirector · ~31y · appointed 2019-04-20
View their other companies + combined net worth →
RENNIE, Michael Joseph→
Activedirector · ~30y · appointed 2018-08-22
View their other companies + combined net worth →
RENNIE, Eleonora→
Resigneddirector · ~31y · appointed 2018-08-30 · resigned 2018-09-18
Click a director name to see their full track record across all companies.
Recent filings (29 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-22
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
change-person-director-company-with-change-date
officers · CH01
2024-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-22