RAW HOLDINGS LTD

🏛️Establishedactive
SC537635 · ltd · incorporated 2016-06-09
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-123.0k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -48% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 9.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 9.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (71/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
31 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
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £123,007
Cash draining
Cash down 48% YoY
Cash YoY
-48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£46k
↓ 48% YoY
Net Worth
-£123k
↓ 131% YoY
Current Assets
—
Current Liabilities
—
-£123k-£81k-£39k£3k£46k£88kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Cash£45.6k£87.7k
Net assets£-123.0k£-53.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-06-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2018-07-30
    ➖
    WILSON, Michael Allan resigned
    director
  13. 2018-07-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2018-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-02-07
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  16. 2018-01-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2017-04-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2017-04-10
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  19. 2017-04-10
    🔒
    Charge registered #2
    Lender: Carlsberg UK Limited
  20. 2017-01-31
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  21. 2016-09-09
    ➕
    WILSON, Leslie Andrew appointed
    director
  22. 2016-08-27
    ➕
    WILSON, Michael Allan appointed
    director
  23. 2016-06-09
    🏢
    Company incorporated
    As RAW HOLDINGS LTD
  24. 2016-06-09
    ➕
    WILSON, Jane appointed
    secretary
  25. 2016-06-09
    ➕
    ROBERTSON, James appointed
    director
  26. 2016-06-09
    ➕
    ROBERTSON, John Robert appointed
    director
  27. 2016-06-09
    ➕
    WILSON, Jane appointed
    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 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2016-06-09
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Glenforsa
Smithton
Inverness
IV2 7NL
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-21
Last: 2025-06-07

Officers (5 active · 1 resigned)

WILSON, Jane→
secretary · appointed 2016-06-09
View their other companies + combined net worth →
Active
ROBERTSON, James→
director · ~47y · appointed 2016-06-09
View their other companies + combined net worth →
Active
ROBERTSON, John Robert→
director · ~46y · appointed 2016-06-09
View their other companies + combined net worth →
Active
WILSON, Jane→
director · ~65y · appointed 2016-06-09
View their other companies + combined net worth →
Active
WILSON, Leslie Andrew→
director · ~63y · appointed 2016-09-09
View their other companies + combined net worth →
Active
WILSON, Michael Allan→
director · ~40y · appointed 2016-08-27 · resigned 2018-07-30
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/04/2017—
outstanding
Carlsberg UK
Carlsberg UK Limited
A registered charge1 property10/04/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—31/01/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (31 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-07
change-person-director-company-with-change-date
officers · CH01
2023-06-27
change-person-director-company-with-change-date
officers · CH01
2023-06-27
change-person-director-company-with-change-date
officers · CH01
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-11