W. & A.B. RICHARDSON LIMITED

🌳Matureactive
SC022381 · ltd · incorporated 1943-04-16
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 36.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£561.0k
book net assets
Opportunity
82/100
Exceptional
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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
Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 36.8y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 36.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
105 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £560,999

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£561k
~ YoY
Current Assets
£561k
~ YoY
Current Liabilities
—
£0£112k£224k£337k£449k£561kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£561.0k£560.0k
Current assets£560.8k£560.0k
Net assets£561.0k£560.0k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-01-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-01-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-01-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2023-11-21
    ➖
    STEEL, Elizabeth Hunter resigned
    director
  8. 2022-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-11-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  12. 2020-11-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2020-11-03
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  14. 2020-10-10
    ➕
    STEEL, Jacqulyn Margaret appointed
    secretary
  15. 2020-10-10
    ➕
    STEEL, Rhona Jean Richardson appointed
    director
  16. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2019-10-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2015-04-04
    ➕
    STEEL, Rhona Jean Richardson appointed
    secretary
  20. 2015-04-04
    ➖
    STEEL, Jacqulyn Margaret resigned
    secretary
  21. 2012-08-09
    🔓
    Charge satisfied #1
  22. 2005-10-27
    ➕
    STEEL, Jacqulyn Margaret appointed
    secretary
  23. 2005-10-27
    ➖
    STEEL, Roderick John resigned
    secretary
  24. 2000-04-01
    ➕
    STEEL, Roderick John appointed
    director
  25. 1999-11-03
    ➖
    RICHARDSON, Margaret Lammie resigned
    director
  26. 1989-08-15
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  27. 1943-04-16
    🏢
    Company incorporated
    As W. & A.B. RICHARDSON LIMITED

Owner dependency

84/100
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 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 83 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Ms Rhona Jean Richardson Steel
Individual · British · DOB 04/1967 · age 59
25–50%
—25-50% shares21/11/2023
1 historic (ceased) PSC
  • Mrs Elizabeth Hunter Steelceased 20/10/2023· 25-50% shares · trust interest

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
Typeltd
Incorporated1943-04-16
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

4 Howford Road
Nairn
IV12 5QP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-25
Last: 2025-11-11

Officers (4 active · 4 resigned)

STEEL, Jacqulyn Margaret→
secretary · appointed 2020-10-10
View their other companies + combined net worth →
Active
STEEL, Rhona Jean Richardson→
secretary · appointed 2015-04-04
View their other companies + combined net worth →
Active
STEEL, Rhona Jean Richardson→
director · ~59y · appointed 2020-10-10
View their other companies + combined net worth →
Active
STEEL, Roderick John→
director · ~63y · appointed 2000-04-01
View their other companies + combined net worth →
Active
STEEL, Jacqulyn Margaret→
secretary · appointed 2005-10-27 · resigned 2015-04-04
Resigned
STEEL, Roderick John→
secretary · resigned 2005-10-27
Resigned
RICHARDSON, Margaret Lammie→
director · ~111y · resigned 1999-11-03
Resigned
STEEL, Elizabeth Hunter→
director · ~86y · resigned 2023-11-21
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property15/08/198909/08/2012

Recent filings (105 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
termination-director-company-with-name-termination-date
officers · TM01
2024-01-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-28