REDS RELAX ENJOY DEVELOP LIMITED

🌳Matureactive
SC293103 · ltd · incorporated 2005-11-13
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 19.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£12.3k
book net assets
Opportunity
83/100
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
Strong opportunity: property-backed borrower with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 19.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 19.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 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
83/100Exceptional
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
85
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 · accounting standard not declared
Positive net assets
Net assets £12,267
Net assets shrinking
Down £248 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£12k
↓ 2.0% YoY
Current Assets
£459
↑ 373% YoY
Current Liabilities
—
£0£3k£5k£8k£10k£13kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£300.6k£289.2k
Current assets£459£97
Net assets£12.3k£12.5k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-04
    ➖
    GLADSTONE-WALLACE, Lucy Margaret resigned
    director
  2. 2025-11-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-09-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-09-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-08-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-11-16
    ➕
    GLADSTONE-WALLACE, Tegan Loretta appointed
    director
  13. 2016-11-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2016-11-14
    ➕
    GLADSTONE-WALLACE, Aillidh Catherine appointed
    director
  15. 2016-11-14
    ➕
    WALLACE, Derek Joseph appointed
    director
  16. 2016-11-14
    ➕
    GLADSTONE-WALLACE, Lucy Margaret appointed
    director
  17. 2016-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2016-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2016-11-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2007-04-25
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2006-10-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2005-11-13
    🏢
    Company incorporated
    As REDS RELAX ENJOY DEVELOP LIMITED
  23. 2005-11-13
    ➕
    WALLACE, Derek Joseph appointed
    secretary
  24. 2005-11-13
    ➕
    GLADSTONE, Louise Margaret appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Miss Louise Margaret Gladstone
Individual · British · DOB 04/1966 · age 60
75–100%
—75-100% shares13/11/2016

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 →

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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
Incorporated2005-11-13
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

51 Durham Avenue
Edinburgh
EH15 1RR

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (5 active · 1 resigned)

WALLACE, Derek Joseph→
secretary · appointed 2005-11-13
View their other companies + combined net worth →
Active
GLADSTONE, Louise Margaret→
director · ~60y · appointed 2005-11-13
View their other companies + combined net worth →
Active
GLADSTONE-WALLACE, Aillidh Catherine→
director · ~28y · appointed 2016-11-14
View their other companies + combined net worth →
Active
GLADSTONE-WALLACE, Tegan Loretta→
director · ~32y · appointed 2016-11-16
View their other companies + combined net worth →
Active
WALLACE, Derek Joseph→
director · ~60y · appointed 2016-11-14
View their other companies + combined net worth →
Active
GLADSTONE-WALLACE, Lucy Margaret→
director · ~26y · appointed 2016-11-14 · resigned 2025-11-04
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security3 properties25/04/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/10/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-11-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-11-27