RICHMOND PROPERTIES (ABERDEEN) LIMITED

💤Zombieactive
SC084872 · ltd · incorporated 1983-10-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£1.12M
book net assets
Opportunity
73/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Construction of commercial buildings
Sector: Construction
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 73). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

14 live charges · 5 lenders · oldest 38.7y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 38.7 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 4 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
158 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
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 £1,121,523
Net assets shrinking
Down £607,611 YoY
Cash draining
Cash down 83% YoY
Cash YoY
-83%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 83% YoY
Net Worth
£1.1m
↓ 35% YoY
Current Assets
£257k
↑ 266% YoY
Current Liabilities
—
£0£346k£692k£1.0m£1.4m£1.7mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£1.12M£1.73M
Current assets£256.8k£70.1k
Cash£6.9k£40.3k
Debtors£249.8k£29.8k
Net assets£1.12M£1.73M

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2025-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2021-12-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2021-12-01
    ➖
    DENTONS SECRETARIES LIMITED resigned
    corporate-secretary
  8. 2021-07-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-11-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2017-11-08
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  14. 2017-10-25
    ➕
    DENTONS SECRETARIES LIMITED appointed
    corporate-secretary
  15. 2017-10-25
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  16. 2017-10-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2017-10-17
    🔒
    Charge registered #14
    Lender: The Royal Bank of Scotland PLC
  18. 2017-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2017-06-28
    🔒
    Charge registered #13
    Lender: The Royal Bank of Scotland PLC
  20. 2017-06-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2016-12-21
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  22. 2014-04-09
    🔓
    Charge satisfied #11
  23. 2008-11-12
    🔒
    Charge registered #11
    Lender: Royal Bank of Scotland PLC
  24. 2007-09-14
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  25. 2007-09-14
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  26. 2007-09-11
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  27. 2006-07-31
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  28. 2006-06-23
    🔓
    Charge satisfied #5
  29. 2006-06-06
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  30. 2006-03-15
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  31. 2004-04-07
    ➖
    SUTHERLAND, Lynda resigned
    director
  32. 2004-03-15
    ➖
    BLACKWOOD, William Blane resigned
    director
  33. 2000-10-27
    🔓
    Charge satisfied #4
  34. 2000-06-14
    ➕
    SUTHERLAND, Lynda appointed
    director
  35. 2000-04-06
    🔒
    Charge registered #6
    Lender: Lloyds Tsb Scotland PLC
  36. 2000-04-05
    🔓
    Charge satisfied #1
  37. 2000-03-24
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Scotland PLC
  38. 1999-05-17
    ➕
    BLACKWOOD, William Blane appointed
    director
  39. 1999-01-25
    ➖
    BURNETT & REID resigned
    corporate-secretary
  40. 1999-01-25
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  41. 1997-04-16
    ➖
    SUTHERLAND, Lynda resigned
    secretary
  42. 1997-04-16
    ➕
    BURNETT & REID appointed
    corporate-secretary
  43. 1996-04-02
    🔓
    Charge satisfied #3
  44. 1996-04-02
    🔓
    Charge satisfied #2
  45. 1995-07-19
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  46. 1995-03-23
    🔒
    Charge registered #3
    Lender: Scottish Homes
  47. 1995-03-23
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  48. 1991-01-23
    ➕
    SUTHERLAND, Lynda appointed
    secretary
  49. 1991-01-23
    ➖
    BURNETT & REID resigned
    corporate-secretary
  50. 1990-12-10
    ➕
    BURNETT & REID appointed
    corporate-secretary
Showing most recent 50 of 54 events

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

85/100
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 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 43 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med · 1 low
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.

8 live charges
low

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

Group structure

Grampian Property Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Grampian Property Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
RICHMOND PROPERTIES (ABERDEEN) LIMITED
This company · SC084872

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
Grampian Property Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A & R DRYWALLS LTD→
SC482487 · est 2014 · no financials extracted
————11y——
A MORRIS ROOFING LIMITED→
SC572573 · est 2017 · no financials extracted
————8y——
A R PLASTERING LTD→
SC344231 · est 2008 · no financials extracted
————17y——
A.R.F JOINERY LIMITED→
SC478418 · est 2014 · no financials extracted
————11y——
ALCORE CONSTRUCTION NORTH EAST LIMITED→
SC506611 · est 2015 · no financials extracted
————10y——
ALLAN ELECTRICS LTD→
SC573665 · est 2017 · no financials extracted
————8y——
ANDY WATT JOINERY LIMITED→
SC475888 · est 2014 · no financials extracted
————11y——
ANDYANDERSON LTD→
SC777068 · est 2023 · no financials extracted
————2y——
AROSSCOATINGS LTD→
SC843636 · est 2025 · no financials extracted
————1y——
ASPECT PROPERTY PRO SERVICES LTD→
SC800198 · est 2024 · no financials extracted
————2y——
ATC (HEAT) LTD→
SC440240 · est 2013 · no financials extracted
————13y——
AURORA BLU LIMITED→
SC827717 · est 2024 · no financials extracted
————1y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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
Incorporated1983-10-03
Jurisdictionscotland
Primary SIC41201 — Construction of commercial buildings

Registered office

Unit 2 The Galleria
Langstane Place
Aberdeen
AB11 6FB
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-01-04
Last: 2025-12-21

Officers (1 active · 10 resigned)

SUTHERLAND, Thomas Davidson→
director · ~73y
View their other companies + combined net worth →
Active
SUTHERLAND, Lynda→
secretary · appointed 1991-01-23 · resigned 1997-04-16
Resigned
ABERDEIN CONSIDINE & CO→
corporate-secretary · resigned 1989-12-31
Resigned
BURNETT & REID→
corporate-secretary · appointed 1997-04-16 · resigned 1999-01-25
Resigned
BURNETT & REID→
corporate-secretary · appointed 1990-12-10 · resigned 1991-01-23
Resigned
DENTONS SECRETARIES LIMITED→
corporate-secretary · appointed 2017-10-25 · resigned 2021-12-01
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2007-09-14 · resigned 2017-10-25
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 1999-01-25 · resigned 2007-09-14
Resigned
BLACKWOOD, William Blane→
director · ~74y · appointed 1999-05-17 · resigned 2004-03-15
Resigned
MACKENZIE, Kenneth→
director · ~82y · resigned 1990-09-05
Resigned
SUTHERLAND, Lynda→
director · ~72y · appointed 2000-06-14 · resigned 2004-04-07
Resigned

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

Mortgages & charges

14
Total charges
8
Outstanding
1
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property17/10/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property28/06/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge2 properties21/12/2016—
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property12/11/200809/04/2014
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property31/07/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/06/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property15/03/2006—
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property06/04/2000—
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property24/03/200023/06/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property19/07/199527/10/2000
satisfied
Scottish Homes
Standard security1 property23/03/199502/04/1996
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property23/03/199502/04/1996
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property18/08/198705/04/2000
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (158 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-23
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-23