RED CATUS HOLDINGS LTD
🏛️Establishedactive
SC649663 · ltd · incorporated 2019-12-16
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 6.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-573
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 74/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
2 live charges · oldest 6.2y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 6.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (81/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £573
Net assets shrinking
Down £576 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£573
↓ 19200% YoY
Current Assets
£341
↑ 99% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £58.9k | £66.3k |
| Current assets | £341 | £171 |
| Net assets | £-573 | £3 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-31📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-08-10📄gazette-notice-compulsorygazette · GAZ1
- 2020-07-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-07-22🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2020-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-05🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2019-12-16🏢Company incorporatedAs RED CATUS HOLDINGS LTD
- 2019-12-16➕GAGAN, James Douglas appointeddirector
- 2019-12-16➕GAGAN, Ruth Elizabeth appointeddirector
- 2019-12-16📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr James Douglas Gagan Individual · British · DOB 10/1970 · age 56 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 16/12/2019 |
Mrs Ruth Elizabeth Gagan Individual · British · DOB 01/1971 · age 55 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 16/12/2019 |
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 · Holding company · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| RUSSELL HOLDINGS LIMITED→ SC179461 · est 1997 | £1.75M £1.49M–£2.02M | — | £1.75M | — | 28y | 82 | 61y |
| CARLTON BINGO LIMITED→ SC267599 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 73y |
| CARLTON GAMING LIMITED→ SC223000 · est 2001 · no financials extracted | — | — | — | — | 24y | 83 | 73y |
| BADACHRO INN LIMITED→ SC302605 · est 2006 | — | — | — | — | 19y | 82 | 72y |
| GAEL FORCE AQUAHOMES LTD→ SC231902 · est 2002 | — | — | — | — | 23y | 82 | 62y |
| DALCROMBIE ESTATE LIMITED→ SC321223 · est 2007 | — | — | — | 0 | 19y | 81 | 91y |
| MIDDLETON, ROSS & ARNOT (TRUSTEES) LIMITED→ SC193332 · est 1999 | — | — | — | — | 27y | 81 | 75y |
| SEA SKYE LIMITED→ SC300936 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| SHEARDUN LTD→ SC836773 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| SLD GROUP HOLDINGS LIMITED→ SC625966 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| STEELWORK & CLADDING LIMITED→ SC226331 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| STRATHAPPIN LTD→ SC711975 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2019-12-16
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
Unit 4a Blarliath Industrial Estate
Tain
IV19 1EB
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17
Officers (2 active · 0 resigned)
GAGAN, James Douglas→
Activedirector · ~56y · appointed 2019-12-16
View their other companies + combined net worth →
GAGAN, Ruth Elizabeth→
Activedirector · ~55y · appointed 2019-12-16
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 22/07/2020 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 05/02/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-16
gazette-filings-brought-up-to-date
gazette · DISS40
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-30
gazette-notice-compulsory
gazette · GAZ1
2021-08-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-02-05