RITCHIE ENTERPRISES LLP

💤Zombieactive
SO300052 · llp · incorporated 2002-01-23
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
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 23.3y

30/100
under pressure

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

  • · Oldest live charge is 23.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-302023-12-30
Average employees00

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-03-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2025-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  4. 2024-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-07-19
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  8. 2023-07-19
    🔓
    Charge satisfied #4
  9. 2023-07-18
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  10. 2023-07-18
    🔓
    Charge satisfied #5
  11. 2023-01-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2022-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-02-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2021-09-15
    PHOENIX FRASERBURGH LTD appointed
    corporate-llp-member
  16. 2021-09-15
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  17. 2021-03-29
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  18. 2021-03-26
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  19. 2021-02-22
    RITCHIE, Stephen Buchan resigned
    llp-designated-member
  20. 2021-01-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2020-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-01-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  23. 2019-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-01-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  25. 2018-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2018-01-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  27. 2017-12-04
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC01
  28. 2017-12-04
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC01
  29. 2017-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  30. 2015-02-02
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  31. 2015-01-23
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  32. 2013-11-26
    🔓
    Charge satisfied #3
  33. 2013-11-13
    🔓
    Charge satisfied #1
  34. 2003-03-03
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  35. 2003-02-28
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  36. 2003-02-21
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 2002-01-23
    🏢
    Company incorporated
    As RITCHIE ENTERPRISES LLP
  38. 2002-01-23
    RITCHIE, Morag appointed
    llp-designated-member
  39. 2002-01-23
    RITCHIE, Stephen Buchan appointed
    llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Morag Ritchie
Individual · British · DOB 02/1962 · age 64
control reported06/04/2016
1 historic (ceased) PSC
  • Stephen Buchan Ritchieceased 22/02/2021· control reported

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

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
Typellp
Incorporated2002-01-23
Jurisdictionscotland
Primary SIC

Registered office

1/3 Dalrymple Street
Fraserburgh
Aberdeenshire
AB43 9BH

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-30
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (2 active · 1 resigned)

RITCHIE, Morag
llp-designated-member · ~64y · appointed 2002-01-23
View their other companies + combined net worth →
Active
PHOENIX FRASERBURGH LTD
corporate-llp-member · appointed 2021-09-15
View their other companies + combined net worth →
Active
RITCHIE, Stephen Buchan
llp-designated-member · ~67y · appointed 2002-01-23 · resigned 2021-02-22
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property02/02/201518/07/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge23/01/201519/07/2023
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Ship mortgage1 property03/03/200326/11/2013
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Ship mortgage1 property28/02/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property21/02/200313/11/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-10
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-15
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-07-19
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-02-07
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2021-09-15
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2021-03-29
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2021-03-26