RAVELSTON ULSTER LIMITED
🌳Matureactive
NI032132 · ltd · incorporated 1997-03-20
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
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: refinance and hold (40/100).
🏦
Refinance opportunity
13 live charges · 5 lenders · oldest 22.0y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.0 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (81/100)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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
126 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover 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 | 3 | 400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2025-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-27✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-31➖ALCORN, Barry Robert resigneddirector
- 2023-11-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-13➕JOHNSTON, Alan appointeddirector
- 2023-10-13➕JOHNSTON, Alastair Niel appointeddirector
- 2023-10-13➕JOHNSTON, Michael appointeddirector
- 2023-10-13➖BOLAND, David resigneddirector
- 2023-09-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-11➕LAWSON, Elaine appointedsecretary
- 2021-03-11➖BALDIE, Carolyn Gregg resignedsecretary
- 2021-03-11📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-03-11📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-11-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-02-04🔓Charge satisfied #13
- 2012-08-07🔓Charge satisfied #12
- 2012-08-07🔓Charge satisfied #11
- 2012-08-07🔓Charge satisfied #10
- 2012-08-07🔓Charge satisfied #9
- 2012-08-07🔓Charge satisfied #8
- 2012-08-07🔓Charge satisfied #7
- 2012-08-07🔓Charge satisfied #6
- 2012-08-07🔓Charge satisfied #5
- 2012-08-07🔓Charge satisfied #3
- 2012-08-07🔓Charge satisfied #1
- 2011-06-17➖BOYD, Stephen resigneddirector
- 2011-05-13🔓Charge satisfied #2
- 2011-04-06🔒Charge registered #13Lender: Ulster Bank Limited
- 2010-01-15🔒Charge registered #12Lender: Bank of Scotland PLC
- 2009-10-09🔒Charge registered #11Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #10Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #9Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #8Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #7Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #6Lender: Bank of Scotland PLC (Corporate Division)
- 2009-10-09🔒Charge registered #5Lender: Bank of Scotland PLC (Corporate Division)
- 2009-07-09🔒Charge registered #4Lender: Ulster Bank Limited
- 2004-09-22🔒Charge registered #3Lender: Edinburgh
- 2004-08-27🔒Charge registered #2Lender: Ulster Bank Limited
Showing most recent 50 of 58 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-11-27: certificate-change-of-name-company
Group structure
Boland Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Boland Holdings Limited
Corporate parent · holds 75-100% shares
⬇
RAVELSTON ULSTER LIMITED
This company · NI032132
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Boland Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Construction · BT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| E.J.C. CONTRACTS LTD→ NI045412 · est 2003 | £24.60M £17.57M–£31.62M | £27.26M | — | 7700 | 23y | 90 | 54y |
| P MCVEY BUILDING SYSTEMS LTD→ NI634141 · est 2015 | £14.13M £10.09M–£18.17M | £24.15M | — | 5400 | 10y | 90 | 66y |
| M.J. MCBRIDE CONSTRUCTION LTD→ NI066620 · est 2007 | £14.06M £10.04M–£18.07M | £19.82M | — | 1500 | 18y | 87 | 77y |
| P MCK LTD→ NI062901 · est 2007 | £7.58M £5.42M–£9.75M | £16.85M | — | 5100 | 19y | 87 | 71y |
| CORICK INVESTMENTS LIMITED→ NI025056 · est 1990 | £6.35M £4.54M–£8.16M | — | — | 0 | 35y | 92 | 69y |
| BAYVIEW CONTRACTS LTD→ NI041488 · est 2001 | £4.57M £3.26M–£5.87M | £24.46M | — | 17900 | 24y | 87 | 61y |
| ADSTON (UK) LIMITED→ NI605512 · est 2010 | £4.00M £2.86M–£5.15M | £11.40M | — | 1100 | 15y | 100 | 79y |
| BUILDCON HOMES LIMITED→ NI048752 · est 2003 | — | — | — | 700 | 22y | 87 | 82y |
| WOODSIDE RESIDENTIAL INVESTMENTS LTD→ NI675975 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| WORKTOP PRECISION (N.I.) LIMITED→ NI635835 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| WRB RENEWABLES LTD→ NI708651 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| WRC FITTERS LTD→ NI649670 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated1997-03-20
Jurisdictionnorthern-ireland
Primary SIC41202 — Construction of domestic buildings
Registered office
Suite 511 21 Botanic Avenue
Belfast
BT7 1JJ
Northern Ireland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-03
Last: 2026-03-20
Officers (4 active · 5 resigned)
Active
JOHNSTON, Alan→
Activedirector · ~45y · appointed 2023-10-13
View their other companies + combined net worth →
JOHNSTON, Alastair Niel→
Activedirector · ~48y · appointed 2023-10-13
View their other companies + combined net worth →
JOHNSTON, Michael→
Activedirector · ~53y · appointed 2023-10-13
View their other companies + combined net worth →
BALDIE, Carolyn Gregg→
Resignedsecretary · appointed 1997-03-20 · resigned 2021-03-11
ALCORN, Barry Robert→
Resigneddirector · ~58y · appointed 1997-03-20 · resigned 2023-12-31
BOLAND, David→
Resigneddirector · ~74y · appointed 1997-03-20 · resigned 2023-10-13
BOYD, Brian→
Resigneddirector · ~89y · appointed 1997-03-20 · resigned 2000-03-31
BOYD, Stephen→
Resigneddirector · ~60y · appointed 2002-01-15 · resigned 2011-06-17
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
1
Outstanding
1
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | NatWest Group Ulster Bank Limited | Mortgage and charge | 1 property | 06/04/2011 | 04/02/2013 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 15/01/2010 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC (Corporate Division) | Legal charge | 1 property | 09/10/2009 | 07/08/2012 | |
| outstanding | NatWest Group Ulster Bank Limited | Mortgage or charge | 1 property | 09/07/2009 | — | |
| satisfied | Edinburgh / Gov and Company Of | Mortgage or charge | 2 properties | 22/09/2004 | 07/08/2012 | |
| satisfied | NatWest Group Ulster Bank Limited | Mortgage or charge | 1 property | 27/08/2004 | 13/05/2011 | |
| satisfied | Governor & Co. Bos | Mortgage or charge | 1 property | 19/05/2004 | 07/08/2012 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (126 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-20
certificate-change-of-name-company
change-of-name · CERTNM
2024-11-27
change-person-director-company-with-change-date
officers · CH01
2024-10-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
termination-director-company-with-name-termination-date
officers · TM01
2024-01-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-15
termination-director-company-with-name-termination-date
officers · TM01
2023-10-26
appoint-person-director-company-with-name-date
officers · AP01
2023-10-26
appoint-person-director-company-with-name-date
officers · AP01
2023-10-26
appoint-person-director-company-with-name-date
officers · AP01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14