RAVEN TOPCO LIMITED

• ◆

  3 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Lovewell Blake LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the Directors believe that the Company and the Group it heads ('The Group') has adequate resources to continue in operational existence for the foreseeable future and is well placed to continue generating profits and positive cash flow in the future. Accordingly, they have prepared the financial statements on a going concern basis.”

Group structure

1. RAVEN TOPCO LIMITED · parent
   1. Raven Midco Limited 100% · United Kingdom · Holding the shares in its subsidiary
   2. Raven Bidco Limited 100% · United Kingdom · Holding the shares in its subsidiary
   3. Blackbird Retail Holdings Limited 100% · United Kingdom · Holding company for the shares in its subsidiary companies
   4. The Cotswold Company (UK) Limited 100% · United Kingdom · Sale and delivery of home furniture and accessories
   5. The Cotswold Company (Qingdao) Business Consulting Co. Ltd 100% · China · Service company

Significant events

• “During the period ended 2 March 2025 the Group completed a number of transactions that have strengthened its capital position. Interest accrued to 25 February 2024 on debenture loans totalling £2,596,345 was waived. This was judged a non-substantial modification of the financial instruments and consequently recognised as a capital contribution and shown as a separate component of shareholder's funds. Intragroup interest waivers were also granted between Raven Topco Limited and direct subsidiary company Raven Midco Limited totalling £172,692, and between Raven Midco Limited and direct subsidiary company Raven Bidco Limited totalling £2,599,973. Additionally, loan note holders forewent interest for the period ended 2 March 2025, resulting in a material reduction in interest payable to £1,394,591 (2024: £5,071,422).”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

4

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +21.9%

  £82,481,156 → £100,558,862

• Cash

  +26%

  £12,630,344 → £15,916,267

• Net assets

  +23.5%

  -£25,937,265 → -£19,829,096

• Employees

  +9.5%

  242 → 265

• Operating profit

  +236.1%

  -£4,187,374 → £5,696,983

• Profit before tax

  +157.1%

  -£7,804,420 → £4,459,452

• Wages

  +27.4%

  £8,669,599 → £11,046,019

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers