RDL REALISATION PLC

5TH FLOOR GROVE HOUSE, 248A MARYLEBONE ROAD, LONDON, NW1 6BB

Previous name: RANGER DIRECT LENDING FUND PLC (changed on 26-Feb-2019)

Company Number: 09510201
Incorporation date: 25-Mar-2015
Status: Liquidation
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 9.1 years old and is currently liquidation. It is controlled by multiple entities. The company has 3 active officers (directors or partners) who are or were officers of 15 other companies, 7 (46.7%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: GROUP (25-Oct-2023)

P&L Financials:

Year end	Currency	Interest Received	Interest Paid	Tax	Net Profit GBP
31-Dec-2019	USD	10,519	2,723,057	465,551	-5,815,525
31-Dec-2018	USD	3,765	3,934,484	872,082	9,554,703
15-Jul-2018	USD

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2019	USD
31-Dec-2018	USD
15-Jul-2018	USD	30,584,734	30,767,382	427,300	40,346,947	9,864,999	149,044,800

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**
31-Dec-2018	USD	inf%	-40,774,247	40,774,247	0	5,094,757

* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	LINK COMPANY MATTERS LIMITED	25 Mar 2015	18 Apr 2024			258 - 664

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Resigned	Nick John PARIS	20 May 2019	31 Mar 2020	Portfolio Manager	British	0 - 2	1 (50.0%)
Active	Joseph Anthony KENARY	04 Dec 2018		Finance Director	American	1 - 4	4 (80.0%)
Active	Brett Lance MILLER	06 Jul 2018		Director	British	3 - 8	4 (36.4%)
Active	Brendan HAWTHORNE	19 Jun 2018		Accountant	British	3 - 2	2 (40.0%)
Resigned	Gregory SHARE	19 Jun 2018	30 Jun 2020	Investment Management	American	0 - 1	1 (100.0%)
Resigned	Dominik DOLENEC	19 Jun 2018	01 Apr 2020	Investment Professional	British,Slovenian	1 - 1	1 (50.0%)
Resigned	Christopher David WALDRON	02 Apr 2015	19 Jun 2018	Director	British	0 - 2	1 (50.0%)
Resigned	Jonathan Mark SCHNEIDER	02 Apr 2015	12 Nov 2018	Chartered Accountant	British	8 - 8	5 (31.3%)
Resigned	Matt Allen, Dr MULFORD	02 Apr 2015	19 Jun 2018	Lecturer	Usa And Uk	0 - 2	2 (100.0%)
Resigned	William Jospeh KASSUL	25 Mar 2015	10 Apr 2015	Technology Marketing Executive	Usa	0 - 1	1 (100.0%)
Resigned	Kenneth Scott CANON	25 Mar 2015	19 Jun 2018	Investment Management	American	0 - 1	1 (100.0%)

Number of active directors: 3
Average tenure of active directors: 5.7 years
Average tenure of resigned directors: 2.3 years
Average active director Dissolution Rate: 52.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Joseph Anthony KENARY	Brett Lance MILLER	Brendan HAWTHORNE
MANCHESTER AND LONDON INVESTMENT TRUST PUBLIC LIMITED COMPANY (01009550) - Active		✔
GRUGE LIMITED (02577837) - Dissolved		✔
STAKEHOLDERS' MOMENTUM INVESTMENT LIMITED (02812946) - Dissolved		✔
LOEB ARON & COMPANY LTD (03194858) - Active		✔
GLEDHOW INVESTMENTS PLC (03848331) - Active		✔
17 GLEDHOW GARDENS MANAGEMENT COMPANY LIMITED (03893968) - Active		✔
ALINA HOLDINGS PLC (05304743) - Active		✔
CAPITALSOURCE EUROPE LIMITED (05433665) - Dissolved	✔
GLOBO PLC (05506731) - Dissolved		✔
CAPITALSOURCE LIMITED (05544840) - Dissolved	✔
CAPITALSOURCE (UK) LIMITED (05544841) - Dissolved	✔
RDL REALISATION PLC (09510201) - Liquidation	✔	✔	✔
SECURED INCOME FUND PLC (09682883) - Active		✔
RANGER DIRECT LENDING ZDP PLC (10247619) - Active	✔		✔
GEMMAA GLOBAL LIMITED (12301536) - Dissolved			✔
FOOTHOLD DOMAINS LIMITED (13390844) - Active			✔

SHAREHOLDERS (BETA)

Shareholder name	Share class	Shares at confirmation date
Shareholder name	Share class	2021-02-10
THE BANK OF NEW YORK (NOMINEES)	ORDINARY	4,889,281 30.3%
HSBC GLOBAL CUSTODY NOMINEE (UK)	ORDINARY	4,023,059 25.0%
J P MORGAN SECURITIES LLC	ORDINARY	2,807,535 17.4%
WINTERFLOOD CLIENT NOMINEES LIMITED	ORDINARY	515,901 3.20%
NORTRUST NOMINEES LIMITED	ORDINARY	486,914 3.02%
HARGREAVES LANSDOWN (NOMINEES)	ORDINARY	469,358 2.91%
J.P. MORGAN SECURITIES PLC	ORDINARY	447,506 2.78%
ROY NOMINEES LIMITED	ORDINARY	250,153 1.55%
LION NOMINEES LIMITED	ORDINARY	244,781 1.52%
CREDIT SUISSE INTERNATIONAL	ORDINARY	228,973 1.42%
GOLDMAN SACHS SECURITIES (NOMINEES)	ORDINARY	224,698 1.39%
HSDL NOMINEES LIMITED	ORDINARY	199,524 1.24%
BARCLAYS DIRECT INVESTING NOMINEES	ORDINARY	178,175 1.11%
INTERACTIVE INVESTOR SERVICES	ORDINARY	153,365 0.951%
LAWSHARE NOMINEES LIMITED	ORDINARY	129,757 0.805%
VIDACOS NOMINEES LIMITED	ORDINARY	126,545 0.785%
CREDIT SUISSE NOMINEES (IRELAND)	ORDINARY	100,000 0.620%
IDEALING NOMINEES LIMITED	ORDINARY	97,125 0.602%
ASCO NOMINEES LIMITED	ORDINARY	77,750 0.482%
MORGAN STANLEY CLIENT SECURITIES	ORDINARY	69,528 0.431%
PERSHING NOMINEES LIMITED	ORDINARY	64,264 0.399%
BNP PARIBAS ARBITRAGE SNC	ORDINARY	61,873 0.384%
SMITH & WILLIAMSON NOMINEES LIMITED	ORDINARY	46,744 0.290%
SECURITIES SERVICES NOMINEES	ORDINARY	26,688 0.166%
WEALTH NOMINEES LIMITED	ORDINARY	24,841 0.154%
SECURE NOMINEES LIMITED	ORDINARY	20,000 0.124%
ROCK (NOMINEES) LIMITED	ORDINARY	19,000 0.118%
APOLLO NOMINEES LIMITED	ORDINARY	17,645 0.109%
INTERACTIVE BROKERS LLC	ORDINARY	15,758 0.098%
JIM NOMINEES LIMITED	ORDINARY	11,742 0.073%
FERLIM NOMINEES LIMITED	ORDINARY	11,229 0.070%
RENE NOMINEES (IOM) LIMITED	ORDINARY	10,000 0.062%
MR CHRISTOPHER JOHN HYDER	ORDINARY	10,000 0.062%
PLATFORM SECURITIES NOMINEES	ORDINARY	8,968 0.056%
REDMAYNE (NOMINEES) LIMITED	ORDINARY	8,601 0.053%
AURORA NOMINEES LIMITED	ORDINARY	5,574 0.035%
RANGER ALTERNATIVE MANAGEMENT II	ORDINARY	4,640 0.029%
JAMES CAPEL (NOMINEES) LIMITED	ORDINARY	4,242 0.026%
UBS PRIVATE BANKING NOMINEES LTD	ORDINARY	3,611 0.022%
HUNTRESS (CL) NOMINEES LIMITED	ORDINARY	3,500 0.022%
FISKE NOMINEES LIMITED	ORDINARY	2,988 0.019%
EMBARK INVESTMENT SERVICES NOMINEES	ORDINARY	2,895 0.018%
BREWIN NOMINEES LIMITED	ORDINARY	2,799 0.017%
THE CORPORATION OF LLOYDS	ORDINARY	2,700 0.017%
MR JOHN HANDLEY	ORDINARY	1,913 0.012%
BBHISL NOMINEES LIMITED	ORDINARY	1,508 0.009%
WINTERFLOOD SECURITIES LIMITED	ORDINARY	1,316 0.008%
LUNA NOMINEES LIMITED	ORDINARY	1,067 0.007%
JM FINN NOMINEES LIMITED	ORDINARY	1,052 0.007%
W B NOMINEES LIMITED	ORDINARY	973 0.006%
MRS SYLVIA WARDLE	ORDINARY	956 0.006%
REYKER NOMINEES LIMITED	ORDINARY	669 0.004%
SHARE NOMINEES LTD	ORDINARY	571 0.004%
BNY (OCS) NOMINEES LIMITED	ORDINARY	568 0.004%
CHASE NOMINEES LIMITED	ORDINARY	565 0.004%
MRS CAROLE ANN MONCK-MASON	ORDINARY	450 0.003%
CHEVIOT CAPITAL (NOMINEES) LTD	ORDINARY	350 0.002%
S.N.C NOMINEES LIMITED	ORDINARY	330 0.002%
CITIGROUP GLOBAL MARKETS LIMITED	ORDINARY	173 0.001%
NOMURA NOMINEES LIMITED	ORDINARY	100 0.001%
MR RICHARD JAMES WILDASH	ORDINARY	60 0.000%
HSBC CLIENT HOLDINGS NOMINEE	ORDINARY	45 0.000%
JULIAN COULBERT	ORDINARY	30 0.000%
LYNCHWOOD NOMINEES LIMITED	ORDINARY	3 0.000%
THE NORTHERN TRUST COMPANY	ORDINARY	1 0.000%
SOCIETE GENERALE S.A.	ORDINARY	1 0.000%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

25-50%:Lim Advisors London Limited - active
25-50%:Oaktree Value Equity Holdings L.P. - active

Controlling entities above

RDL REALISATION PLC

Controlled companies below

>75%:RANGER DIRECT LENDING ZDP PLC (10247619 - UK) active

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ALLIANCE TRUST PLC	RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT	SC001731	2017-12-31	490,552,000	471,807,000
ELECTRA PRIVATE EQUITY PLC	C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA	00303062	2018-09-30	26,000,000	24,000,000
WALSINGHAM CAPITAL LIMITED	66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE	09392397	2017-03-31	8,357,785	0
ANCHORHOLDS LIMITED	118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT	SC468481	2018-03-31	86,377	0	64302-Activities of unit trusts 64304-Activities of open-ended investment companies 69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED	6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG	10773394	2018-12-31	63,000	0
EDDLESTON INVESTMENT MANAGEMENT LIMITED	5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ	02100053	2018-12-31	40,124	0
LIFE TENANCY INVESTMENTS LIMITED	18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA	10744662	2018-04-30	0	0	64304-Activities of open-ended investment companies 64306-Activities of real estate investment trusts 66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED	11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG	09916500	2018-12-31	0	0
AXLE TOPCO LIMITED	SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH	10223517	0000-00-00	0	0
BTL FAMILY COMPANY LIMITED	MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD	07875961	0000-00-00	0	0
CALEDONIA INVESTMENTS PLC	CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN	00235481	0000-00-00	0	0
DOWNING ONE VCT PLC	THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG	03150868	0000-00-00	0	0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC	2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD	SC052844	0000-00-00	0	0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC	FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG	07289280	0000-00-00	0	0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED	50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ	SC426395	0000-00-00	0	0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11626661	0000-00-00	0	0
LAST MILE INFRASTRUCTURE GROUP LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11534385	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11614308	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11616387	0000-00-00	0	0
MIDWINTER CAPITAL LIMITED	1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR	11574427	0000-00-00	0	0
SHARVILLE INVESTMENTS LTD	ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW	11478733	0000-00-00	0	0	64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED	3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR	11988938	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Liquidation. Statistically, such companies have a VERY HIGH probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
Company status	100.0%	99.4%	99.9%	High
Other companies Active in the same sector	1.5%	6.7%	18.5%	Medium


Age	0.6%	2.5%	4.9%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.6%	1.5%	2.5%	Medium
Accounting Month	0.6%	4.4%	12.0%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium