RAV LETTINGS LIMITED
🏛️Establishedactive
SC600464 · ltd · incorporated 2018-06-20
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 May 2025
Net worth
£103.8k
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower. Reasonable fundamentals — worth a memo before deciding.
Opportunity 67/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
9 live charges · 3 lenders · oldest 6.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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
9 charges (9/9 with lender, 9/9 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
4 connected companies via shared directors
57
Filing history
35 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £103,779
Cash YoY
-38%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 38% YoY
Net Worth
£104k
↑ 96% YoY
Current Assets
£8k
↓ 29% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £525.2k | £406.8k |
| Current assets | £8.1k | £11.4k |
| Cash | £1.6k | £2.6k |
| Debtors | £6.5k | £8.8k |
| Net assets | £103.8k | £52.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 address
Last 180 days
3
filings
- • 2 mortgage
- • 1 address
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-03-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-05🔒Charge registered #9Lender: Aldermore Bank PLC
- 2025-12-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-17🔒Charge registered #8Lender: Aldermore Bank PLC
- 2025-11-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-11-13🔓Charge satisfied #2
- 2025-11-10🔒Charge registered #7Lender: Kensington Mortgage Company Limited
- 2025-11-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-26🔒Charge registered #6Lender: Aldermore Bank PLC
- 2024-11-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-18🔒Charge registered #5Lender: Aldermore Bank PLC
- 2024-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-26🔒Charge registered #4Lender: Aldermore Bank PLC
- 2024-01-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-11-09🔒Charge registered #2Lender: Aldermore Bank PLC
- 2021-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-03🔒Charge registered #3Lender: Aldermore Bank PLC
- 2021-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-10-22📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-03-02🔒Charge registered #1Lender: Charter Court Financial Services Limited T/a Precise Mortgages
- 2019-10-21➕KOCZOROWSKA, Violetta appointeddirector
- 2018-06-20🏢Company incorporatedAs RAV LETTINGS LIMITED
- 2018-06-20➕KOWALSKI, Rafal Gabriel appointeddirector
Owner dependency
63/100
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.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2026-02-05: A registered charge; 2025-12-17: A registered charge; 2025-11-10: A registered charge
8 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 |
|---|---|---|---|---|
Miss Violetta Koczorowska Individual · Polish · DOB 10/1978 · age 48 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/10/2019 |
Mr Rafal Gabriel Kowalski Individual · Polish,British · DOB 04/1983 · age 43 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 20/06/2018 |
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 · Property · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SR PROPERTIES AND INVESTMENTS LIMITED→ SC867772 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| SSMCG LTD→ SC823523 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ST ANDREWS ESTATES (SCOTLAND) LIMITED→ SC271716 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| STAG PROPERTIES LTD.→ SC232325 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| STAR MANAGEMENT LTD→ SC725606 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| STATION HOUSE GLASGOW LTD→ SC210000 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| STAYSAGE LTD→ SC830302 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| STEYNE PROPERTY MANAGEMENT LTD→ SC705959 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| STG HOMES LTD→ SC796496 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| STIRLING PROPERTY SURVEY LTD→ SC847779 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| STONEFIELD ROOMS LTD→ SC611102 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| STORAGE WARZ LIMITED→ SC866171 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2018-06-20
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
48 West George Street
2nd Floor
Glasgow
G2 1BP
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29
Officers (2 active · 0 resigned)
KOCZOROWSKA, Violetta→
Activedirector · ~48y · appointed 2019-10-21
View their other companies + combined net worth →
KOWALSKI, Rafal Gabriel→
Activedirector · ~43y · appointed 2018-06-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
8
Outstanding
3
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 05/02/2026 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 17/12/2025 | — | |
| outstanding | Kensington Mortgage Company Kensington Mortgage Company Limited | A registered charge | 1 property | 10/11/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 26/08/2025 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 18/08/2024 | — | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 26/02/2024 | — | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | 2 properties | 09/11/2021 | 13/11/2025 | |
| outstanding | Aldermore Aldermore Bank PLC | A registered charge | 1 property | 03/11/2021 | — | |
| outstanding | Precise Mortgages Charter Court Financial Services Limited T/a Precise Mortgages | A registered charge | 1 property | 02/03/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (35 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-18
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-23