R.B. CONSTRUCTION (REDHOUSE) LTD
🌳Matureactive
SC050079 · ltd · incorporated 1972-03-09
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£93.5k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 42990Construction of other civil engineering projects n.e.c.
Investor take
PursueAsset-holding vehicle with a 78-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · oldest 43.0y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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 102Positive net assets
Net assets £93,480
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 55% YoY
Net Worth
£93k
↑ 33% YoY
Current Assets
£2.8m
↓ 3.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £146.1k | £140.4k |
| Current assets | £2.83M | £2.93M |
| Cash | £2.3k | £5.1k |
| Debtors | £2.83M | £2.92M |
| Net assets | £93.5k | £70.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-02-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-08-30➖BAIRD, Jacqueline Margaret resigneddirector
- 2018-08-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-28🔓Charge satisfied #1
- 2014-03-05➕BAIRD, Jacqueline Margaret appointeddirector
- 2013-01-31➖BAIRD, Jacqueline Margaret resigneddirector
- 2013-01-01➕BAIRD, Jacqueline Margaret appointeddirector
- 2012-08-16🔓Charge satisfied #2
- 2002-11-13🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1997-11-21➕RITCHIE, Norman Steven appointeddirector
- 1983-04-15🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1972-03-09🏢Company incorporatedAs R.B. CONSTRUCTION (REDHOUSE) LTD
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 78 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 54 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Ritchie Brothers Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ritchie Brothers Holdings Limited
Corporate parent · holds 75-100% shares
⬇
R.B. CONSTRUCTION (REDHOUSE) LTD
This company · SC050079
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 |
|---|---|---|---|---|
Ritchie Brothers Holdings 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.
🔒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 →Similar companies
Active · Construction · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A GILLESPIE JOINERY LIMITED→ SC682468 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A.C.W SERVICES LTD.→ SC589806 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| A.D.B. PROPERTY MAINTENANCE LTD.→ SC292511 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| A&F (SCOT) LTD→ SC515866 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AC2 SIGNALLING LTD→ SC699299 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCENT DOORS AND WINDOWS SCOTLAND LTD→ SC767695 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACS ALLTRADES LTD→ SC870606 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACW CONTRACTS LTD→ SC688069 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADAPT ELECTRICAL SCOTLAND LTD→ SC653097 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ADVANCE CONSTRUCTION (SCOTLAND) LIMITED→ SC202570 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| ADVANCE STRUCTURES LIMITED→ SC609601 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ADVANCE UTILITIES (SCOTLAND) LTD→ SC157842 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
7 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
Incorporated1972-03-09
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
97 Clydesdale Street
Motherwell
ML1 4JQ
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-30
Last: 2026-01-16
Officers (4 active · 2 resigned)
Active
Active
Active
RITCHIE, Norman Steven→
Activedirector · ~51y · appointed 1997-11-21
View their other companies + combined net worth →
BAIRD, Jacqueline Margaret→
Resigneddirector · ~54y · appointed 2014-03-05 · resigned 2018-08-30
BAIRD, Jacqueline Margaret→
Resigneddirector · ~54y · appointed 2013-01-01 · resigned 2013-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 13/11/2002 | 16/08/2012 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Letter of agreement | 1 property | 15/04/1983 | 28/05/2015 |
Recent filings (119 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-31