RFGC GROUP LTD
🌿Early-stageactive
SC705824 · ltd · incorporated 2021-08-04
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 Jul 2024
Net worth
£-654.6k
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 52/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
🏦
Refinance opportunity
19 live charges · 3 lenders · oldest 4.5y
5/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.5 years — mid-life; refi window approaching.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (83/100)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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
42 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
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 £654,628
Cash draining
Cash down 90% YoY
Cash YoY
-90%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£450
↓ 90% YoY
Net Worth
-£655k
↓ 73% YoY
Current Assets
£154k
↓ 92% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-08-31 |
|---|---|---|
| Total assets | £1.41M | £2.55M |
| Current assets | £154.4k | £1.87M |
| Cash | £450 | £4.5k |
| Debtors | £152.8k | £167.8k |
| Net assets | £-654.6k | £-378.0k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
- 2025-09-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-10➕GERRARD, Daniel appointeddirector
- 2025-07-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-03➖MONTAGUE, Andrew Seth resigneddirector
- 2024-11-12📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-11-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-06📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-03-11➕MONTAGUE, Rachel appointeddirector
- 2024-03-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-24🔒Charge registered #19Lender: Together Commercial Finance Limited
- 2023-10-24🔒Charge registered #18Lender: Together Commercial Finance Limited
- 2023-10-24🔒Charge registered #17Lender: Together Commercial Finance Limited
- 2023-10-24🔒Charge registered #16Lender: Together Commercial Finance Limited
- 2023-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-04🔒Charge registered #15Lender: Together Commercial Finance Limited
- 2023-09-04🔒Charge registered #14Lender: Together Commercial Finance Limited
- 2023-08-22📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2023-07-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-13🔒Charge registered #13Lender: Gerrard Capital LTD
- 2023-06-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-09🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2023-06-09🔒Charge registered #11Lender: Together Commercial Finance Limited
- 2023-05-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-26🔒Charge registered #10Lender: Gerrard Capital LTD
- 2023-05-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-13🔒Charge registered #9Lender: Gerrard Capital LTD
- 2022-07-01🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2022-05-28🔒Charge registered #7Lender: Gerrard Capital LTD
- 2022-05-19🔓Charge satisfied #2
- 2022-05-19🔓Charge satisfied #1
- 2022-05-12🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2022-05-12🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2022-05-09🔒Charge registered #4Lender: Together Commercial Finance Limited
- 2022-03-24🔒Charge registered #3Lender: Gerrard Capital LTD
- 2021-12-15🔒Charge registered #2Lender: Gfs 1 LTD
- 2021-12-02🔒Charge registered #1Lender: Gfs 1 LTD
- 2021-08-04🏢Company incorporatedAs RFGC GROUP LTD
- 2021-08-04➕MONTAGUE, Andrew Seth 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 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.
17 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️significant stake
Gerrard Capital Ltd
Corporate parent · holds 25-50% shares
🏛️majority
Melbury Capital Ltd
Corporate parent · holds 50-75% shares · board control
⬇
RFGC GROUP LTD
This company · SC705824
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Melbury Capital Ltd Corporate entity | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 04/08/2021 |
Gerrard Capital Ltd Corporate entity | 25–50% | — | 25-50% shares | 19/04/2023 |
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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| WATPRO LIMITED→ SC866318 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| WEST END ESTATES (EDINBURGH) LTD→ SC829296 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| WEST END PROPERTIES (GLASGOW) LIMITED→ SC570600 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| WEST HOMES SCOTLAND LIMITED→ SC708706 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| WESTBOURNE PORTFOLIO LIMITED→ SC321444 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| WESTERN ROAD PROPERTIES LIMITED→ SC837537 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| WESTERWOOD PROPERTIES (SCOTLAND) LIMITED→ SC114091 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| WESTFIELD INDUSTRIAL SOLUTIONS LTD→ SC435315 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| WESTKIRK LIMITED→ SC200190 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| WESTPOINT INVESTMENT COMPANY LIMITED→ SC386319 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| WESTPORT HOMES LIMITED→ SC181082 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| WESTVIEW PROPERTY LTD→ SC651710 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2021-08-04
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
3 Clairmont Gardens
Glasgow
G3 7LW
United Kingdom
Filing status
Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-09-19
Last: 2025-09-05
Officers (2 active · 1 resigned)
GERRARD, Daniel→
Activedirector · ~56y · appointed 2025-07-10
View their other companies + combined net worth →
MONTAGUE, Rachel→
Activedirector · ~54y · appointed 2024-03-11
View their other companies + combined net worth →
MONTAGUE, Andrew Seth→
Resigneddirector · ~53y · appointed 2021-08-04 · resigned 2025-02-03
Click a director name to see their full track record across all companies.
Mortgages & charges
19
Total charges
17
Outstanding
2
Active lenders
Status:Lender:19 of 19 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 24/10/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 24/10/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 24/10/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 24/10/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 3 properties | 04/09/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 3 properties | 04/09/2023 | — | |
| outstanding | Gerrard Capital Gerrard Capital LTD | A registered charge | 1 property | 13/07/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 09/06/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 09/06/2023 | — | |
| outstanding | Gerrard Capital Gerrard Capital LTD | A registered charge | 1 property | 26/05/2023 | — | |
| outstanding | Gerrard Capital Gerrard Capital LTD | A registered charge | 1 property | 13/05/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 01/07/2022 | — | |
| outstanding | Gerrard Capital Gerrard Capital LTD | A registered charge | 1 property | 28/05/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 12/05/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 2 properties | 12/05/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 09/05/2022 | — | |
| outstanding | Gerrard Capital Gerrard Capital LTD | A registered charge | 1 property | 24/03/2022 | — | |
| satisfied | Gfs 1 Gfs 1 LTD | A registered charge | 1 property | 15/12/2021 | 19/05/2022 | |
| satisfied | Gfs 1 Gfs 1 LTD | A registered charge | — | 02/12/2021 | 19/05/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (42 total)
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-05
appoint-person-director-company-with-name-date
officers · AP01
2025-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
termination-director-company-with-name-termination-date
officers · TM01
2025-02-04
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-01
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
appoint-person-director-company-with-name-date
officers · AP01
2024-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-06