2R-SQUARED UK LTD
🏛️Establishedactive
11099416 · ltd · incorporated 2017-12-06
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
—
year to Dec 2024
Net worth
£-28.5k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 8.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 8.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £28,512
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£29k
↓ 25% YoY
Current Assets
£2k
↑ 162% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £163.5k | £178.7k |
| Current assets | £1.6k | £595 |
| Net assets | £-28.5k | £-22.9k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-21🔒Charge registered #5Lender: Charter Court Financial Services Limited
- 2022-09-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-23🔒Charge registered #4Lender: Paragon Bank PLC
- 2021-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-07🔒Charge registered #3Lender: The Mortgage Works (UK) PLC
- 2020-12-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-03📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-06-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-12🔒Charge registered #2Lender: Kensington Mortgage Company Limited
- 2018-03-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2018-03-09🔒Charge registered #1Lender: Charter Court Financial Services Limited
- 2017-12-06🏢Company incorporatedAs 2R-SQUARED UK LTD
- 2017-12-06➕RAITHATHA, Ragene appointeddirector
- 2017-12-06➕RAITHATHA, Ronak appointeddirector
- 2017-12-06📄incorporation-companyincorporation · NEWINC
Owner dependency
79/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ronak Raithatha Individual · British · DOB 05/1968 · age 58 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/12/2017 |
Mrs Ragene Raithatha Individual · British · DOB 03/1971 · age 55 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/12/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| 36 BURY STREET LTD→ 15789287 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 360 HOUSE LIMITED→ 15220559 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 360 PROPERTY PARTNERS LTD→ 15377671 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 365 PROPERTY INVESTMENTS LTD→ 14528112 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| 373 MANCHESTER ROAD LIMITED→ 16487734 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 38 HILL LTD→ 16118973 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 38 KNIGHTLAND LIMITED→ 12525793 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| 38 UGS LIMITED→ 07160973 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| 38 WOODCOTE FOLD LTD→ 11296126 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| 384 CHESTER ROAD FREEHOLD COMPANY LIMITED→ 05505377 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| 385 REAL ESTATE LIMITED→ 11110807 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| 38A SHELLEY GROVE LTD→ 15300205 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2017-12-06
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
25 Atkinson Road
Sale
M33 6FZ
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05
Officers (2 active · 0 resigned)
RAITHATHA, Ragene→
Activedirector · ~55y · appointed 2017-12-06
View their other companies + combined net worth →
RAITHATHA, Ronak→
Activedirector · ~58y · appointed 2017-12-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
4
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 21/03/2023 | — | |
| outstanding | Paragon Paragon Bank PLC | A registered charge | 1 property | 23/11/2021 | — | |
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 07/09/2021 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 12/06/2019 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited | A registered charge | 1 property | 09/03/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (24 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-11-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-08