ROWARTH VENTURES LIMITED

🌳Matureactive
SC174338 · ltd · incorporated 1997-04-07
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 Apr 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
Investor take
Pursue
Property-backed borrower with a 66-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

14 live charges · 5 lenders · oldest 29.0y

35/100
too messy

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

  • · Oldest live charge is 29.0 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees00

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
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Last 90 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 mortgage
  • • 1 confirmation-statement
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 1 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
  1. 2026-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-04-21
    🔓
    Charge satisfied #9
  3. 2026-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-11-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2023-11-14
    🔓
    Charge satisfied #11
  10. 2023-10-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-10-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2023-10-25
    🔒
    Charge registered #14
    Lender: Handelsbanken PLC
  13. 2023-10-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2023-10-18
    🔓
    Charge satisfied #5
  15. 2023-10-17
    🔒
    Charge registered #13
    Lender: Handelsbanken PLC
  16. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2021-03-30
    🔓
    Charge satisfied #12
  20. 2020-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2020-01-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2019-04-23
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  24. 2019-03-01
    ➕
    LEES, Gordon appointed
    director
  25. 2017-10-26
    🔒
    Charge registered #12
    Lender: Bridging Loans Limited
  26. 2017-09-13
    🔓
    Charge satisfied #7
  27. 2017-08-16
    🔓
    Charge satisfied #6
  28. 2017-08-16
    🔓
    Charge satisfied #2
  29. 2017-07-28
    🔒
    Charge registered #11
    Lender: Aldermore Bank PLC
  30. 2017-07-28
    🔒
    Charge registered #10
    Lender: Aldermore Bank PLC
  31. 2017-07-28
    🔓
    Charge satisfied #1
  32. 2017-07-26
    🔒
    Charge registered #9
    Lender: Aldermore Bank PLC
  33. 2017-06-07
    🔓
    Charge satisfied #8
  34. 2014-02-20
    ➕
    LEES, Gordon appointed
    secretary
  35. 2014-02-20
    ➖
    LEES, Audrey resigned
    secretary
  36. 2013-01-22
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  37. 2012-12-07
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  38. 2010-12-08
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  39. 2010-01-20
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  40. 2004-12-22
    🔓
    Charge satisfied #4
  41. 2004-12-22
    🔓
    Charge satisfied #3
  42. 2003-06-11
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  43. 2002-11-01
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  44. 2002-07-18
    ➕
    LEES, Audrey appointed
    secretary
  45. 2002-07-18
    ➖
    HBJ SECRETARIAL LIMITED resigned
    corporate-nominee-secretary
  46. 2000-12-15
    ➖
    HOBART, William resigned
    director
  47. 2000-12-15
    ➖
    TITTERSHILL, Ian Colin resigned
    director
  48. 2000-02-18
    ➖
    TITTERSHILL, Michael resigned
    director
  49. 1997-08-04
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  50. 1997-04-21
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 58 events

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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
NameSharesVoting rightsNature of controlNotified
Mr Garry Lees
Individual · British · DOB 08/1960 · age 66
25–50%
25–50%sig. influence25-50% shares · 25-50% voting · significant influence · trust interest06/04/2016
Mr Gordon Lees
Individual · British · DOB 06/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1997-04-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Office 8, River Court
5 West Victoria Dock Road
Dundee
DD1 3JT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-16
Last: 2026-04-02

Officers (3 active · 6 resigned)

LEES, Gordon→
secretary · appointed 2014-02-20
View their other companies + combined net worth →
Active
LEES, Garry→
director · ~66y · appointed 1997-04-18
View their other companies + combined net worth →
Active
LEES, Gordon→
director · ~64y · appointed 2019-03-01
View their other companies + combined net worth →
Active
LEES, Audrey→
secretary · appointed 2002-07-18 · resigned 2014-02-20
Resigned
HBJ SECRETARIAL LIMITED→
corporate-nominee-secretary · appointed 1997-04-07 · resigned 2002-07-18
Resigned
HOBART, William→
director · ~78y · appointed 1997-04-18 · resigned 2000-12-15
Resigned
TITTERSHILL, Ian Colin→
director · ~64y · appointed 1997-04-18 · resigned 2000-12-15
Resigned
TITTERSHILL, Michael→
director · ~62y · appointed 1997-04-18 · resigned 2000-02-18
Resigned
HENDERSON BOYD JACKSON LIMITED→
corporate-nominee-director · appointed 1997-04-07 · resigned 1997-04-18
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

14
Total charges
3
Outstanding
2
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge1 property25/10/2023—
outstanding
Handelsbanken
Handelsbanken PLC
A registered charge—17/10/2023—
satisfied
Bridging Loans
Bridging Loans Limited
A registered charge1 property26/10/201730/03/2021
satisfied
Aldermore
Aldermore Bank PLC
A registered charge1 property28/07/201714/11/2023
outstanding
Aldermore
Aldermore Bank PLC
A registered charge1 property28/07/2017—
satisfied
Aldermore
Aldermore Bank PLC
A registered charge—26/07/201721/04/2026
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/01/201307/06/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property07/12/201213/09/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/12/201016/08/2017
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property20/01/201018/10/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/06/200322/12/2004
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property01/11/200222/12/2004
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property04/08/199716/08/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/04/199728/07/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-08
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-25
mortgage-satisfy-charge-full
mortgage · MR04
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28