RIO 587 LIMITED
- · Oldest live charge 18.1y old — refinance window within 12 months
Opportunity 57/100 (worth a look), bankability 80/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 18.1y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 18.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 20/100 — clean.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (54 events)Click to expand
- 2022-03-22📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2022-03-22🏁Company dissolved
- 2022-01-04📄gazette-notice-voluntarygazette · GAZ1(A)
- 2021-12-22📄legacycapital · SH20
- 2021-12-22📄resolutionresolution · RESOLUTIONS
- 2021-12-22⚠️legacyinsolvency · CAP-SS
- 2021-12-22📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2021-12-21📄dissolution-application-strike-off-companydissolution · DS01
- 2021-10-29📄legacycapital · SH20
- 2021-10-29📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2021-10-29⚠️legacyinsolvency · CAP-SS
- 2021-10-29📄resolutionresolution · RESOLUTIONS
- 2021-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-03📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-10-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-10-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-09-19➕CRAWFORD, Charles Robertson appointeddirector
- 2019-09-19➕SCOTT, Charles Douglas Knowles appointeddirector
- 2019-09-19➖PIKE, Matthew William resigneddirector
- 2018-09-28📄accounts-with-accounts-type-fullaccounts · AA
- 2018-08-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-08-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-08-09➕PEEL, Alistair Charles appointedsecretary
- 2018-08-09➖MCGOWAN, William Lindsay resignedsecretary
- 2017-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2015-02-09➕PIKE, Matthew William appointeddirector
- 2015-02-09➖ROSS, David Christopher resigneddirector
- 2015-01-26➖MUGGE, Mark Stephen resigneddirector
- 2013-11-28🔓Charge satisfied #2
- 2013-11-28🔓Charge satisfied #1
- 2013-11-14➖HESSETT, Alastair George resignedsecretary
- 2013-11-14➕MCGOWAN, William Lindsay appointedsecretary
- 2013-11-14➖MATSON, Paul Dominic resigneddirector
- 2013-11-14➖MCMANUS, Brendan James resigneddirector
- 2013-11-14➕MUGGE, Mark Stephen appointeddirector
- 2013-11-14➕ROSS, David Christopher appointeddirector
- 2013-04-01➖GILES, Christopher Michael resigneddirector
- 2012-04-20➕MCMANUS, Brendan James appointeddirector
- 2008-07-28➕MATSON, Paul Dominic appointeddirector
- 2008-04-23🔒Charge registered #2Lender: Bank of Scotland PLC
- 2008-03-04➖VAN DEN BOSCH, Frank resigneddirector
- 2008-03-03➕HESSETT, Alastair George appointedsecretary
- 2008-03-03➖DM COMPANY SERVICES LIMITED resignedcorporate-secretary
- 2008-03-03➕GILES, Christopher Michael appointeddirector
- 2008-03-03➖OFFORD, Malcolm Ian resigneddirector
- 2008-03-03🔒Charge registered #1Lender: Bank of Scotland PLC as Security Trustee for Itself and the Other Secured Parties (The Security Agent)
- 2008-02-12➕OFFORD, Malcolm Ian appointeddirector
- 2008-02-12➕VAN DEN BOSCH, Frank appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2022-03-22
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2021-12-22: legacy; 2021-10-29: legacy
Group structure
Friary Intermediate Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Friary Intermediate Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 12 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 23/04/2008 | 28/11/2013 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC as Security Trustee for Itself and the Other Secured Parties (The Security Agent) | Debenture | 1 property | 03/03/2008 | 28/11/2013 |