RICO DEVELOPMENTS LTD
Opportunity 43/100 (watch), bankability 40/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (75/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 3400 | 3800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 address
- • 1 resolution
Corporate timeline (41 events)Click to expand
- 2026-01-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-14📄resolutionresolution · RESOLUTIONS
- 2025-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-19📄resolutionresolution · RESOLUTIONS
- 2024-08-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-31📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-08-15📄capital-allotment-sharescapital · SH01
- 2023-05-11📄capital-allotment-sharescapital · SH01
- 2023-04-19📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2023-04-19📄legacycapital · SH20
- 2023-04-19⚠️legacyinsolvency · CAP-SS
- 2023-04-19📄memorandum-articlesincorporation · MA
- 2023-04-19📄resolutionresolution · RESOLUTIONS
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-01➕STIRRAT, Gavin James appointeddirector
- 2022-07-27📄capital-cancellation-sharescapital · SH06
- 2022-07-21📄memorandum-articlesincorporation · MA
- 2022-07-21📄resolutionresolution · RESOLUTIONS
- 2022-07-08➕PATEL, Sanjay Bhupendra appointeddirector
- 2022-07-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-07-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-29➖GLENNY, Julie resigneddirector
- 2022-06-28➖RAHAMAN, Alex resigneddirector
- 2022-01-12➖KELLY, Richard resigneddirector
- 2021-02-18➕GLENNY, Julie appointeddirector
- 2020-12-24➕RAHAMAN, Alex appointeddirector
- 2020-02-20➖JONES, Nicholas Stewart resigneddirector
- 2014-08-18➕MORRIS, Steven Charles appointeddirector
- 2014-08-15➕JONES, Nicholas Stewart appointeddirector
- 2010-02-18➕BROWN, Colin appointeddirector
- 2010-02-18➖SHELF SECRETARY LIMITED resignedcorporate-secretary
- 2010-02-18➖BEVERIDGE, David Brannigan resigneddirector
- 2010-02-18➕KELLY, Richard appointeddirector
- 2010-02-18➖SHELF DIRECTOR LIMITED resignedcorporate-director
- 2010-01-20🏢Company incorporatedAs RICO DEVELOPMENTS LTD
- 2010-01-20➕SHELF SECRETARY LIMITED appointedcorporate-secretary
- 2010-01-20➕BEVERIDGE, David Brannigan appointeddirector
- 2010-01-20➕SHELF DIRECTOR LIMITED appointedcorporate-director
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-02-05
Company is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-04-19: legacy
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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10 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 →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
Registered office
Filing status
Officers (4 active · 7 resigned)
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