RAT PROPERTIES LIMITED

🌳Matureactive

04145063 · ltd · incorporated 2001-01-22

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Property-backed borrower with a 77-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 25.2y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 25.2 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

12 officers (5 active, 12 linked, 8 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

14 connected companies via shared directors

Filing history

108 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 1 officers
• 1 persons-with-significant-control

Last 90 days

filings

• 1 officers
• 1 persons-with-significant-control

Last 180 days

filings

• 1 officers
• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2026-05-05
📄
change-person-director-company-with-change-date
officers · CH01
2026-05-05
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-01
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-09-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-23
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-10-23
🔓
Charge satisfied #7
2021-04-19
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2021-04-19
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-04-19
📄
change-person-director-company-with-change-date
officers · CH01
2020-10-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-13
➕
ROUND, Lynne Rosemary appointed
director
2020-10-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-11-22
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-22
📄
change-person-director-company-with-change-date
officers · CH01
2019-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-22
➕
ROUND, Anthony John appointed
director
2014-10-13
➕
BILLINGHAM, Gemma Louise appointed
director
2014-10-13
➕
ROUND, Alexander Anthony appointed
director
2014-10-13
➖
ROUND, Lynne Rosemary resigned
director
2013-02-01
➖
ALLEN, Douglas John resigned
director
2008-10-26
➕
ROUND, Lynne Rosemary appointed
director
2007-01-17
🔓
Charge satisfied #5
2007-01-17
🔓
Charge satisfied #4
2007-01-17
🔓
Charge satisfied #3
2007-01-17
🔓
Charge satisfied #2
2007-01-17
🔓
Charge satisfied #1
2006-11-29
🔒
Charge registered #7
Lender: Commercial First Business Limited
2006-11-29
🔒
Charge registered #6
Lender: Commercial First Business Limited
2006-08-18
🔒
Charge registered #5
Lender: Davenham Trust PLC
2006-08-18
🔒
Charge registered #4
Lender: Davenham Trust PLC
2006-08-18
🔒
Charge registered #3
Lender: Davenham Trust PLC
2006-06-30
🔒
Charge registered #2
Lender: National Westminster Bank PLC
2005-07-21
➕
ROUND, Lynne Rosemary appointed
secretary
2005-07-21
➖
ROUND, Anthony John resigned
secretary
2005-07-21
➖
ROUND, Anthony John resigned
director
2002-04-25
➖
THORPE, William Edward Hewitt resigned
director
2001-03-12
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2001-01-22
🏢
Company incorporated
As RAT PROPERTIES LIMITED
2001-01-22
➕
ROUND, Anthony John appointed
secretary
2001-01-22
➕
KEY LEGAL SERVICES (SECRETARIAL) LIMITED appointed
corporate-nominee-secretary
2001-01-22
➖
KEY LEGAL SERVICES (SECRETARIAL) LIMITED resigned
corporate-nominee-secretary
2001-01-22
➕
ALLEN, Douglas John appointed
director
2001-01-22
➕
ROUND, Anthony John appointed
director
2001-01-22
➕
THORPE, William Edward Hewitt appointed
director
2001-01-22
➕
KEY LEGAL SERVICES (NOMINEES) LIMITED appointed
corporate-nominee-director
2001-01-22
➖
KEY LEGAL SERVICES (NOMINEES) LIMITED resigned
corporate-nominee-director

Owner dependency

63/100

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.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

75/100

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 77 years old. Natural succession window is now.
secondaryStable-but-static management: Company is 25 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.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Gemma Louise Billingham Individual · English · DOB 10/1982 · age 44	25–50%	25–50%	25-50% shares · 25-50% voting	03/01/2023
Mr Alexander Anthony Round Individual · English · DOB 07/1989 · age 37	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016

2 historic (ceased) PSCs

Mrs Gemma Louise Billinghamceased 30/04/2020· 25-50% shares · 25-50% voting · board control
Mrs Susan Allanceased 24/07/2018· 50-75% shares · 50-75% voting · board control

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

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.

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🔒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.

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Company details

Statusactive

Typeltd

Incorporated2001-01-22

Jurisdictionengland-wales

Primary SIC68100 — Buying and selling of own real estate

Registered office

The Beeches

Stourbridge Road

Bridgnorth

WV15 6AQ

England

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-02-05

Last: 2026-01-22