REWD DEVELOPMENTS LIMITED
🏛️Establishedactive
SC646124 · ltd · incorporated 2019-11-04
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-814.6k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
24 live charges · 10 lenders · oldest 6.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.3 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
24 charges (24/24 with lender, 24/24 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £814,591
Very low cash
Cash position: £8
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£8
↓ 100% YoY
Net Worth
-£815k
↓ 15% YoY
Current Assets
£1.3m
↑ 3.0% YoY
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 |
|---|---|---|
| Total assets | £-139.5k | £-686.6k |
| Current assets | £1.26M | £1.22M |
| Cash | £8 | £1.7k |
| Debtors | £94.8k | £143.1k |
| Net assets | £-814.6k | £-706.5k |
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
2
filings
- • 2 mortgage
Last 180 days
8
filings
- • 7 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
- 2026-03-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-25🔓Charge satisfied #19
- 2026-02-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-04🔒Charge registered #24Lender: Together Commercial Finance Limited
- 2026-01-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-24🔒Charge registered #23Lender: Together Commercial Finance Limited
- 2025-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-19🔓Charge satisfied #17
- 2025-11-19🔓Charge satisfied #15
- 2025-11-19🔓Charge satisfied #10
- 2025-11-19🔓Charge satisfied #5
- 2025-10-28📄replacement-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP01CS01
- 2025-08-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-01🔓Charge satisfied #18
- 2025-06-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-02🔒Charge registered #22Lender: Together Commercial Finance Limited
- 2025-04-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-07🔒Charge registered #21Lender: Together Commercial Finance Limited
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-04🔒Charge registered #20Lender: Together Commercial Finance Limited
- 2024-10-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-30🔒Charge registered #19Lender: Together Commercial Finance Limited
- 2024-09-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-13🔒Charge registered #18Lender: Together Commercial Finance Limited
- 2024-03-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-03-08🔓Charge satisfied #16
- 2024-03-08🔓Charge satisfied #14
- 2024-03-08🔓Charge satisfied #13
- 2024-01-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-27🔒Charge registered #17Lender: Acuity Capital Spv Limited
- 2023-06-30➕TRACEY, Conar appointeddirector
- 2023-06-14🔒Charge registered #16Lender: Together Commercial Finance Limited
- 2023-06-12🔓Charge satisfied #12
- 2023-06-12🔓Charge satisfied #11
- 2023-06-08🔒Charge registered #15Lender: Sanjive Sharma
- 2023-06-06➖TRACEY, Conar resigneddirector
- 2023-04-14🔒Charge registered #14Lender: Together Commercial Finance Limited
- 2023-03-24➕TRACEY, Conar appointeddirector
- 2023-02-21🔒Charge registered #13Lender: Sdka LTD
- 2023-02-14🔓Charge satisfied #4
- 2022-12-19🔒Charge registered #12Lender: Romaco Spv 2 Limited
Showing most recent 50 of 69 events
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Rewd Trading Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Rewd Trading Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
REWD DEVELOPMENTS LIMITED
This company · SC646124
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Rewd Trading Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 29/04/2022 |
1 historic (ceased) PSC
- Real Estate Wealth Development Holdings Limitedceased 29/04/2022· 75-100% shares · 75-100% voting · board control
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 · Construction · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| R S T CRANE SERVICES LTD→ SC494954 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| R.Y.N PLUMBING & HEATING LTD→ SC842384 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RG MACGREGOR SCAFFOLDING LIMITED→ SC844445 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RID ENGINEERING SERVICES LTD→ SC373730 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| RIGGING ROPES LTD→ SC538531 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| RNR ELECTRICAL LTD→ SC744402 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ROBBEX FM LIMITED→ SC595937 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ROOMS GLASGOW LIMITED→ SC730008 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| RRC HOME IMPROVEMENTS LIMITED→ SC876760 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RUSSELL JOINERY & CONSTRUCTION (COMMERCIAL) LIMITED→ SC652557 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| RWL ELECTRICAL LTD→ SC815910 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| RYCO GLAZING SOLUTIONS LTD→ SC620662 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2019-11-04
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Afton House, First Floor
26 West Nile Street
Glasgow
G1 2PF
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-17
Last: 2025-11-03
Officers (3 active · 1 resigned)
DUNCAN, Laurie Graeme→
Activedirector · ~42y · appointed 2019-11-04
View their other companies + combined net worth →
ROBERTSON, Alexander William→
Activedirector · ~42y · appointed 2019-11-04
View their other companies + combined net worth →
TRACEY, Conar→
Activedirector · ~31y · appointed 2023-06-30
View their other companies + combined net worth →
TRACEY, Conar→
Resigneddirector · ~31y · appointed 2023-03-24 · resigned 2023-06-06
Click a director name to see their full track record across all companies.
Mortgages & charges
24
Total charges
7
Outstanding
1
Active lenders
Status:Lender:24 of 24 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 04/02/2026 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 24/12/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 02/05/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 07/04/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 04/11/2024 | — | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 30/09/2024 | 25/03/2026 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 13/09/2024 | 01/08/2025 | |
| satisfied | Acuity Capital Spv Acuity Capital Spv Limited | A registered charge | 1 property | 27/12/2023 | 19/11/2025 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 14/06/2023 | 08/03/2024 | |
| satisfied | Sanjive Sharma | A registered charge | 1 property | 08/06/2023 | 19/11/2025 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 14/04/2023 | 08/03/2024 | |
| satisfied | Sdka Sdka LTD | A registered charge | 1 property | 21/02/2023 | 08/03/2024 | |
| satisfied | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | 1 property | 19/12/2022 | 12/06/2023 | |
| satisfied | Romaco Spv 2 Romaco Spv 2 Limited | A registered charge | — | 15/12/2022 | 12/06/2023 | |
| satisfied | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 10/05/2022 | 19/11/2025 | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 10/05/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 4 properties | 10/05/2022 | — | |
| satisfied | Javier Perez Saez | A registered charge | 1 property | 30/11/2021 | 13/05/2022 | |
| satisfied | Sanjive Sharma | A registered charge | 1 property | 02/11/2021 | 13/05/2022 | |
| satisfied | Vincent Thomas Varey | A registered charge | 1 property | 27/05/2021 | 19/11/2025 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 31/12/2020 | 14/02/2023 | |
| satisfied | Helen Thomson | A registered charge | 1 property | 14/10/2020 | 13/05/2022 | |
| satisfied | Lowry Capital Lowry Capital Limited | A registered charge | 2 properties | 14/01/2020 | 20/03/2021 | |
| satisfied | Lowry Capital Lowry Capital Limited | A registered charge | — | 10/01/2020 | 18/05/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (69 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-19
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2025-10-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31