REGENCO (WINCHBURGH) LIMITED

🌳Matureactive
06400967 · ltd · incorporated 2007-10-16
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
£727.4k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 18.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 18.4 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £727,358

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£727k
Current Assets
—
Current Liabilities
—
£0£145k£291k£436k£582k£727kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Net assets£727.4k—
Average employees—0

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-10-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-10-12
    ➕
    CUMMINGS, Peter Joseph appointed
    director
  7. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-06-17
    ➖
    DAVIDSON, Paul Richmond resigned
    director
  10. 2020-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-06-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2020-06-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-01-09
    📄
    capital-allotment-shares
    capital · SH01
  15. 2019-01-09
    📄
    capital-alter-shares-subdivision
    capital · SH02
  16. 2019-01-08
    📄
    capital-name-of-class-of-shares
    capital · SH08
  17. 2019-01-07
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2019-01-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2019-01-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2019-01-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2019-01-05
    🔓
    Charge satisfied #6
  22. 2019-01-05
    🔓
    Charge satisfied #5
  23. 2019-01-05
    🔓
    Charge satisfied #7
  24. 2019-01-05
    🔓
    Charge satisfied #3
  25. 2012-04-25
    🔒
    Charge registered #8
    Lender: West Coast Capital (Retail Parks) Limited
  26. 2012-03-28
    🔒
    Charge registered #6
    Lender: John Cadzow and Eleanor Cadzow
  27. 2012-03-28
    🔒
    Charge registered #5
    Lender: John Cadzow, Eleanor Cadzow, Merchant Investments Limited, Merchant Investments Ssas and Delphi Services Limited
  28. 2012-03-27
    🔒
    Charge registered #7
    Lender: Eleanor Margaret Cadzow
  29. 2010-08-31
    ➕
    MURRAY, Kirsty Elizabeth appointed
    secretary
  30. 2010-08-31
    ➕
    MCMAHON, James Cairns appointed
    director
  31. 2010-08-31
    ➖
    WHITBY, Daniel Stephen resigned
    secretary
  32. 2010-08-31
    ➖
    ALFORD, Nicholas Brian Treseder resigned
    director
  33. 2010-08-31
    ➕
    DAVIDSON, Paul Richmond appointed
    director
  34. 2010-08-31
    ➖
    MARGREE, Richard Paul resigned
    director
  35. 2010-08-31
    ➖
    OGRADY, Brendon resigned
    director
  36. 2010-08-31
    ➖
    WALTON, Timothy Paul resigned
    director
  37. 2009-04-15
    ➖
    OGRADY, Brendon resigned
    secretary
  38. 2009-04-15
    ➕
    WHITBY, Daniel Stephen appointed
    secretary
  39. 2007-11-27
    🔒
    Charge registered #4
    Lender: John Cadzow, Eleanor Margaret Cadzow, Merchant Investments Limited, Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
  40. 2007-11-27
    🔒
    Charge registered #3
    Lender: John Cadzow, Eleanor Margaret Cadzow, Merchant Investments Limited, Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
  41. 2007-11-27
    🔒
    Charge registered #2
    Lender: Eleanor Margaret Cadzow
  42. 2007-11-27
    🔒
    Charge registered #1
    Lender: The Charge Details Have Been Removed (Please See Image(ML28))
  43. 2007-10-16
    🏢
    Company incorporated
    As REGENCO (WINCHBURGH) LIMITED
  44. 2007-10-16
    ➕
    OGRADY, Brendon appointed
    secretary
  45. 2007-10-16
    ➕
    ALFORD, Nicholas Brian Treseder appointed
    director
  46. 2007-10-16
    ➕
    MARGREE, Richard Paul appointed
    director
  47. 2007-10-16
    ➕
    OGRADY, Brendon appointed
    director
  48. 2007-10-16
    ➕
    WALTON, Timothy Paul appointed
    director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

Group structure

West Coast Capital (Retail Parks) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
West Coast Capital (Retail Parks) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
REGENCO (WINCHBURGH) LIMITED
This company · 06400967

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%
NameSharesVoting rightsNature of controlNotified
West Coast Capital (Retail Parks) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control15/06/2020
1 historic (ceased) PSC
  • Regenco Properties Llpceased 15/06/2020· 75-100% shares

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 →

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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
Incorporated2007-10-16
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

1 Park Row
Leeds
LS1 5AB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-26
Last: 2025-10-12

Officers (3 active · 7 resigned)

MURRAY, Kirsty Elizabeth→
secretary · appointed 2010-08-31
View their other companies + combined net worth →
Active
CUMMINGS, Peter Joseph→
director · ~71y · appointed 2022-10-12
View their other companies + combined net worth →
Active
MCMAHON, James Cairns→
director · ~77y · appointed 2010-08-31
View their other companies + combined net worth →
Active
OGRADY, Brendon→
secretary · appointed 2007-10-16 · resigned 2009-04-15
Resigned
WHITBY, Daniel Stephen→
secretary · appointed 2009-04-15 · resigned 2010-08-31
Resigned
ALFORD, Nicholas Brian Treseder→
director · ~62y · appointed 2007-10-16 · resigned 2010-08-31
Resigned
DAVIDSON, Paul Richmond→
director · ~61y · appointed 2010-08-31 · resigned 2021-06-17
Resigned
MARGREE, Richard Paul→
director · ~61y · appointed 2007-10-16 · resigned 2010-08-31
Resigned
OGRADY, Brendon→
director · ~67y · appointed 2007-10-16 · resigned 2010-08-31
Resigned
WALTON, Timothy Paul→
director · ~65y · appointed 2007-10-16 · resigned 2010-08-31
Resigned

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

Mortgages & charges

8
Total charges
4
Outstanding
4
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
West Coast Capital (Retail Parks)
West Coast Capital (Retail Parks) Limited
Debenture1 property25/04/2012—
satisfied
John Cadzow and Eleanor Cadzow
Standard security executed on 23 march 20121 property28/03/201205/01/2019
satisfied
John Cadzow, Eleanor Cadzow, Merchant Investments , Merchant Investments Ssas and Delphi Services
John Cadzow, Eleanor Cadzow, Merchant Investments Limited, Merchant Investments Ssas and Delphi Services Limited
Standard security executed on 23 march 20121 property28/03/201205/01/2019
satisfied
Eleanor Margaret Cadzow
Standard security executed on 23 march 20121 property27/03/201205/01/2019
outstanding
John Cadzow, Eleanor Margaret Cadzow, Merchant Investments , Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
John Cadzow, Eleanor Margaret Cadzow, Merchant Investments Limited, Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
A standard security which was presented for registration in scotland on 6 february 2008 and dated 22 november 2007 and1 property27/11/2007—
satisfied
John Cadzow, Eleanor Margaret Cadzow, Merchant Investments , Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
John Cadzow, Eleanor Margaret Cadzow, Merchant Investments Limited, Sigma Technology Selfadministered Pension Scheme and Delphi Services(The Original Noteholders)
A standard security which was presented for registration in scotland on 6 february 2008 and dated 22 november 2007 and1 property27/11/200705/01/2019
outstanding
Eleanor Margaret Cadzow
Standard security which was registered in scotland on 06 december 2007 and1 property27/11/2007—
outstanding
The Charge Details Have Been Removed (Please See Image(ML28))
The charge details have been removed (please see image(ML28))1 property27/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-21
appoint-person-director-company-with-name-date
officers · AP01
2022-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-21
termination-director-company-with-name-termination-date
officers · TM01
2021-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-06-24