RULECROWN PROPERTIES LTD

⚰️Wound downreceivership
10746408 · ltd · incorporated 2017-04-28
Investment thesis
Company receivership — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2023
Net worth
£-474.0k
book net assets
Opportunity
31/100
Pass
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 31/100 (pass), bankability 2/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (100/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

8 live charges · 3 lenders · oldest 8.6y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 8.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
1 officers (0 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
31/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
10
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £474,039

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£474k
↓ 5.2% YoY
Current Assets
£115k
↑ 26% YoY
Current Liabilities
-£474k-£356k-£239k-£121k-£3k£115kMar 2022Mar 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2023-03-312022-03-31
Total assets£346.5k£336.5k
Current assets£114.6k£90.8k
Net assets£-474.0k£-450.4k

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
2
filings
  • 1 officers
  • 1 insolvency
Last 90 days
2
filings
  • 1 officers
  • 1 insolvency
Last 180 days
2
filings
  • 1 officers
  • 1 insolvency
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-03-24
    ⚠️
    liquidation-receiver-appointment-of-receiver
    insolvency · RM01
  3. 2026-01-30
    DATWANI, Sanjay resigned
    director
  4. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-09-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2020-09-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2020-09-18
    🔒
    Charge registered #8
    Lender: Efg Private Bank Limited
  12. 2020-09-18
    🔒
    Charge registered #7
    Lender: Efg Private Bank Limited
  13. 2020-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2020-01-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2020-01-17
    🔒
    Charge registered #6
    Lender: Oblix Capital LTD
  16. 2020-01-17
    🔒
    Charge registered #5
    Lender: Oblix Capital LTD
  17. 2019-12-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2019-12-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2019-10-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-05-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  21. 2019-05-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2019-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2018-10-18
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  24. 2018-06-05
    🔒
    Charge registered #4
    Lender: Mb (Syndicates) Limited
  25. 2018-06-05
    🔒
    Charge registered #3
    Lender: Mb (Syndicates) Limited
  26. 2017-09-15
    🔒
    Charge registered #2
    Lender: Mb (Syndicates) Limited
  27. 2017-09-15
    🔒
    Charge registered #1
    Lender: Mb (Syndicates) Limited
  28. 2017-04-28
    🏢
    Company incorporated
    As RULECROWN PROPERTIES LTD
  29. 2017-04-28
    DATWANI, Sanjay appointed
    director

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

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

4 high · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-12-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-12-25

Company status: receivership
high

Company is in a formal insolvency or administration process. Treat accordingly.

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-03-24: liquidation-receiver-appointment-of-receiver

8 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Begonia Holdings Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Begonia Holdings Ltd
Corporate parent · holds 50-75% shares
majority
RULECROWN PROPERTIES LTD
This company · 10746408

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Begonia Holdings Ltd
Corporate entity
5075%
50-75% shares15/11/2019
1 historic (ceased) PSC
  • Mr Gulabrai Sugnomal Aswaniceased 15/11/2019· significant influence

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

12 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

Statusreceivership
Typeltd
Incorporated2017-04-28
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

173 Cleveland Street
London
W1T 6QR
England

Filing status

Accounts
Next due: 2024-12-31OVERDUE
Last made up to: 2023-03-31
Confirmation statement
Next due: 2025-12-25OVERDUE
Last: 2024-12-11

Officers (0 active · 1 resigned)

DATWANI, Sanjay
director · ~53y · appointed 2017-04-28 · resigned 2026-01-30
Resigned

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

Mortgages & charges

8
Total charges
8
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Efg Private Bank
Efg Private Bank Limited
A registered charge18/09/2020
outstanding
Efg Private Bank
Efg Private Bank Limited
A registered charge1 property18/09/2020
outstanding
Oblix Capital
Oblix Capital LTD
A registered charge17/01/2020
outstanding
Oblix Capital
Oblix Capital LTD
A registered charge2 properties17/01/2020
outstanding
Mb (Syndicates)
Mb (Syndicates) Limited
A registered charge3 properties05/06/2018
outstanding
Mb (Syndicates)
Mb (Syndicates) Limited
A registered charge3 properties05/06/2018
outstanding
Mb (Syndicates)
Mb (Syndicates) Limited
A registered charge3 properties15/09/2017
outstanding
Mb (Syndicates)
Mb (Syndicates) Limited
A registered charge3 properties15/09/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (31 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
liquidation-receiver-appointment-of-receiver
insolvency · RM01
2026-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-09-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-09-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-01-21