RIGRUN (EUROPE) LIMITED

🌳Matureactive
SC190232 · ltd · incorporated 1998-10-13
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.84M
book net assets
Opportunity
72/100
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: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 24.2y

15/100
under pressure

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

  • · Oldest live charge is 24.2 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
102 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
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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 £1,839,069
Cash draining
Cash down 69% YoY
Cash YoY
-69%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£917
↓ 69% YoY
Net Worth
£1.8m
↑ 4.2% YoY
Current Assets
—
Current Liabilities
—
£0£368k£736k£1.1m£1.5m£1.8mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Cash£917£3.0k
Net assets£1.84M£1.76M

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 (50 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-08-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-28
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  4. 2024-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-10-10
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  6. 2024-03-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-03-20
    ➖
    FINDLAY, Stewart George resigned
    director
  8. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-05-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2022-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2022-05-24
    🔒
    Charge registered #7
    Lender: Linda Caroline Taylor
  13. 2022-05-16
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  14. 2022-05-16
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  15. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-11-28
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  18. 2019-11-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2019-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-11-01
    ➕
    ABERDEIN CONSIDINE SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  21. 2019-08-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  22. 2019-07-31
    ➖
    RAEBURN CHRISTIE CLARK & WALLACE resigned
    corporate-secretary
  23. 2018-08-16
    ➕
    MURDOCH, Thomas James appointed
    director
  24. 2018-08-16
    ➕
    FINDLAY, Stewart George appointed
    director
  25. 2018-08-16
    ➖
    MOIR, Anne resigned
    director
  26. 2017-08-08
    ➕
    MOIR, Anne appointed
    director
  27. 2016-08-18
    ➖
    MURDOCH, Alistair John resigned
    director
  28. 2015-11-01
    ➕
    GLENNIE, Alan Simpson appointed
    director
  29. 2015-09-22
    🔓
    Charge satisfied #5
  30. 2015-09-18
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  31. 2015-04-10
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  32. 2015-01-16
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  33. 2008-03-20
    ➖
    HOLMES, Roland Thomas resigned
    director
  34. 2008-01-09
    🔓
    Charge satisfied #2
  35. 2008-01-09
    🔓
    Charge satisfied #1
  36. 2007-11-05
    ➖
    HOLMES, Fiona Kathryn resigned
    secretary
  37. 2007-11-05
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE appointed
    corporate-secretary
  38. 2007-11-05
    ➖
    HOLMES, Fiona Kathryn resigned
    director
  39. 2007-11-05
    ➕
    MURDOCH, Alistair John appointed
    director
  40. 2007-11-05
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  41. 2003-08-14
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  42. 2003-07-01
    ➕
    HOLMES, Fiona Kathryn appointed
    director
  43. 2002-04-22
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Commercial Finance LTD T/a Alex Lawrie Scotland
  44. 1998-10-14
    ➕
    HOLMES, Fiona Kathryn appointed
    secretary
  45. 1998-10-14
    ➖
    BLACKFRIAR SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  46. 1998-10-14
    ➕
    HOLMES, Roland Thomas appointed
    director
  47. 1998-10-14
    ➖
    BLACKFRIAR DIRECTORS LIMITED resigned
    corporate-nominee-director
  48. 1998-10-13
    🏢
    Company incorporated
    As RIGRUN (EUROPE) LIMITED
  49. 1998-10-13
    ➕
    BLACKFRIAR SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  50. 1998-10-13
    ➕
    BLACKFRIAR DIRECTORS LIMITED appointed
    corporate-nominee-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

51/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 28 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

1 med ·
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.

Group structure

Rigrun (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rigrun (Holdings) Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
RIGRUN (EUROPE) LIMITED
This company · SC190232

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
Rigrun (Holdings) Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 · Property · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ROBERT WHITELAW (ABERDEEN) LIMITED→
SC053906 · est 1973
£4.35M
£3.70M–£5.01M
—£4.35M—52y8376y
OMATRON LIMITED→
SC278277 · est 2005
£1.85M
£1.57M–£2.13M
—£1.85M—21y8372y
BEN THOW LIMITED→
SC058084 · est 1975
£1.51M
£1.29M–£1.74M
—£1.51M—50y8269y
JACKAL PROPERTIES LIMITED→
SC228832 · est 2002
£1.29M
£1.10M–£1.49M
—£1.29M—24y8371y
ST. MALO HOUSE LIMITED→
SC285478 · est 2005
£1.20M
£1.02M–£1.38M
—£1.20M—21y8380y
F.G. BURNETT LIMITED→
SC202175 · est 1999
£1.01M
£861.9k–£1.17M
—£1.01M—26y8365y
ABBOTSHALL SERVICES LIMITED→
SC305853 · est 2006
£581.0k
£493.8k–£668.1k
—£581.0k—19y8268y
BANCHORY CAR CENTRE LTD.→
SC356740 · est 2009
£526.7k
£447.7k–£605.7k
—£526.7k—17y8271y
BOWDEN BUILDINGS LTD→
SC279331 · est 2005
£492.7k
£418.8k–£566.6k
—£492.7k—21y8262y
ART DECO CARRON RESTAURANT LTD.→
SC218207 · est 2001
£201.4k
£171.2k–£231.6k
—£201.4k—25y8262y
AMZ PROPERTIES LIMITED→
SC268771 · est 2004
£155.8k
£132.5k–£179.2k
—£155.8k—22y8279y
GALLERY HEINZEL LIMITED→
SC233642 · est 2002
£99.6k
£84.7k–£114.6k
—£99.6k—23y8359y
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
Incorporated1998-10-13
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

M2 Tofthills Avenue
Kintore
Inverurie
AB51 0QP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-05
Last: 2025-08-22

Officers (3 active · 9 resigned)

ABERDEIN CONSIDINE SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2019-11-01
View their other companies + combined net worth →
Active
GLENNIE, Alan Simpson→
director · ~46y · appointed 2015-11-01
View their other companies + combined net worth →
Active
MURDOCH, Thomas James→
director · ~34y · appointed 2018-08-16
View their other companies + combined net worth →
Active
HOLMES, Fiona Kathryn→
secretary · appointed 1998-10-14 · resigned 2007-11-05
Resigned
BLACKFRIAR SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1998-10-13 · resigned 1998-10-14
Resigned
RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 2007-11-05 · resigned 2019-07-31
Resigned
FINDLAY, Stewart George→
director · ~42y · appointed 2018-08-16 · resigned 2024-03-20
Resigned
HOLMES, Fiona Kathryn→
director · ~68y · appointed 2003-07-01 · resigned 2007-11-05
Resigned
HOLMES, Roland Thomas→
director · ~66y · appointed 1998-10-14 · resigned 2008-03-20
Resigned
MOIR, Anne→
director · ~70y · appointed 2017-08-08 · resigned 2018-08-16
Resigned
MURDOCH, Alistair John→
director · ~68y · appointed 2007-11-05 · resigned 2016-08-18
Resigned
BLACKFRIAR DIRECTORS LIMITED→
corporate-nominee-director · appointed 1998-10-13 · resigned 1998-10-14
Resigned

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

Mortgages & charges

7
Total charges
4
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Linda Caroline Taylor
A registered charge2 properties24/05/2022—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property18/09/2015—
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge1 property10/04/201522/09/2015
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—16/01/2015—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Bond & floating charge1 property05/11/2007—
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property14/08/200309/01/2008
satisfied
Lloyds Banking Group
Lloyds Tsb Commercial Finance LTD T/a Alex Lawrie Scotland
Floating charge1 property22/04/200209/01/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

accounts-with-accounts-type-full
accounts · AA
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-02
change-person-director-company-with-change-date
officers · CH01
2025-08-18
change-corporate-secretary-company-with-change-date
officers · CH04
2025-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
change-corporate-secretary-company-with-change-date
officers · CH04
2024-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-27
termination-director-company-with-name-termination-date
officers · TM01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-05-24
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2022-05-16