RUSK REALTY LIMITED

💤Zombieactive
SC740748 · ltd · incorporated 2022-08-09
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
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Turnover
year to Aug 2024
Net worth
£5.0k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · oldest 1.2y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 1.2 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
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 declared
Positive net assets
Net assets £4,976
Cash YoY
+968%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£238k
↑ 968% YoY
Net Worth
£5k
↑ 342% YoY
Current Assets
£238k
↑ 913% YoY
Current Liabilities
-£2k£46k£94k£142k£190k£238kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£1.08M£1.02M
Current assets£238.4k£23.5k
Cash£238.4k£22.3k
Debtors£1.2k
Net assets£5.0k£-2.1k

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
0
filings
Last 90 days
1
filing
  • 1 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-04-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-30
    RUSK, Louise resigned
    director
  3. 2025-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2025-05-05
    🔒
    Charge registered #4
    Lender: The Mortgage Works (UK) PLC
  7. 2025-05-05
    🔒
    Charge registered #3
    Lender: The Mortgage Works (UK) PLC
  8. 2025-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-03-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2025-03-03
    🔒
    Charge registered #2
    Lender: The Mortgage Works (UK) PLC
  11. 2025-03-03
    🔒
    Charge registered #1
    Lender: The Mortgage Works (UK) PLC
  12. 2024-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2024-05-07
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2022-08-09
    🏢
    Company incorporated
    As RUSK REALTY LIMITED
  15. 2022-08-09
    RUSK, James appointed
    director
  16. 2022-08-09
    RUSK, Louise appointed
    director
  17. 2022-08-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "RUSK" — strong identity link between founder and business.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Rusk
Individual · British · DOB 10/1975 · age 51
2550%
25–50%board control25-50% shares · 25-50% voting · board control09/08/2022
Mrs Louise Rusk
Individual · British · DOB 02/1981 · age 45
2550%
25–50%board control25-50% shares · 25-50% voting · board control09/08/2022

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

10 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
Incorporated2022-08-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4 Royal Crescent
Glasgow
G3 7SL
Scotland

Filing status

Accounts
Next due: 2026-05-30
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08

Officers (1 active · 1 resigned)

RUSK, James
director · ~51y · appointed 2022-08-09
View their other companies + combined net worth →
Active
RUSK, Louise
director · ~45y · appointed 2022-08-09 · resigned 2026-03-30
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property05/05/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property05/05/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property03/03/2025
outstanding
The Mortgage Works (UK)
The Mortgage Works (UK) PLC
A registered charge1 property03/03/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-28
incorporation-company
incorporation · NEWINC
2022-08-09