BRUCE & COMPANY LIMITED

🌳Matureactive
SC190660 · ltd · incorporated 1998-10-29
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 63-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 20.3y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 20.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
13 officers (3 active, 13 linked, 9 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees200200

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-17
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2025-09-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-10-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-09-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-12-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-05-26
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  9. 2021-11-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-08-12
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2021-03-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2021-03-08
    🔓
    Charge satisfied #1
  13. 2021-01-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2020-04-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2019-09-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-10-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-09-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2010-11-22
    ➕
    STEEN, Andrew Kevin appointed
    director
  19. 2010-03-05
    ➕
    MILLER, Paul James appointed
    director
  20. 2010-03-05
    ➖
    RIGBY, John Stephen resigned
    director
  21. 2009-02-10
    ➖
    MIDDLETON, Stuart Christopher resigned
    director
  22. 2008-07-23
    ➕
    MILLER, Paul James appointed
    secretary
  23. 2008-07-23
    ➖
    QUAYSECO LIMITED resigned
    corporate-secretary
  24. 2008-07-10
    🔒
    Charge registered #2
    Lender: Bbta Limited
  25. 2008-06-30
    ➖
    CUSTANCE BAKER, Jonathan James resigned
    director
  26. 2008-06-30
    ➖
    MACEACHARN, Miles Colin Magub resigned
    director
  27. 2008-06-30
    ➕
    MIDDLETON, Stuart Christopher appointed
    director
  28. 2008-06-30
    ➕
    RIGBY, John Stephen appointed
    director
  29. 2007-02-16
    ➖
    CATTELL, Rupert Paul resigned
    director
  30. 2006-01-05
    ➖
    BURGOYNE, Derek Thomas resigned
    secretary
  31. 2006-01-05
    ➕
    QUAYSECO LIMITED appointed
    corporate-secretary
  32. 2006-01-05
    ➖
    BURGOYNE, Derek Thomas resigned
    director
  33. 2006-01-05
    ➕
    CATTELL, Rupert Paul appointed
    director
  34. 2006-01-05
    ➕
    CUSTANCE BAKER, Jonathan James appointed
    director
  35. 2006-01-05
    ➕
    MACEACHARN, Miles Colin Magub appointed
    director
  36. 2006-01-05
    ➖
    MAIR, Gordon Campbell resigned
    director
  37. 2006-01-05
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  38. 1998-10-29
    🏢
    Company incorporated
    As BRUCE & COMPANY LIMITED
  39. 1998-10-29
    ➕
    BURGOYNE, Derek Thomas appointed
    secretary
  40. 1998-10-29
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  41. 1998-10-29
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  42. 1998-10-29
    ➕
    BURGOYNE, Derek Thomas appointed
    director
  43. 1998-10-29
    ➕
    MAIR, Gordon Campbell appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

79/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 28 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

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

Group structure

Altius Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Altius Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BRUCE & COMPANY LIMITED
This company · SC190660

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%
NameSharesVoting rightsNature of controlNotified
Altius Group Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

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
Incorporated1998-10-29
Jurisdictionscotland
Primary SIC68310 — Real estate agencies

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-28
Last: 2025-10-14

Officers (3 active · 10 resigned)

MILLER, Paul James→
secretary · appointed 2008-07-23
View their other companies + combined net worth →
Active
MILLER, Paul James→
director · ~63y · appointed 2010-03-05
View their other companies + combined net worth →
Active
STEEN, Andrew Kevin→
director · ~47y · appointed 2010-11-22
View their other companies + combined net worth →
Active
BURGOYNE, Derek Thomas→
secretary · appointed 1998-10-29 · resigned 2006-01-05
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1998-10-29 · resigned 1998-10-29
Resigned
QUAYSECO LIMITED→
corporate-secretary · appointed 2006-01-05 · resigned 2008-07-23
Resigned
BURGOYNE, Derek Thomas→
director · ~70y · appointed 1998-10-29 · resigned 2006-01-05
Resigned
CATTELL, Rupert Paul→
director · ~70y · appointed 2006-01-05 · resigned 2007-02-16
Resigned
CUSTANCE BAKER, Jonathan James→
director · ~77y · appointed 2006-01-05 · resigned 2008-06-30
Resigned
MACEACHARN, Miles Colin Magub→
director · ~62y · appointed 2006-01-05 · resigned 2008-06-30
Resigned
MAIR, Gordon Campbell→
director · ~64y · appointed 1998-10-29 · resigned 2006-01-05
Resigned
MIDDLETON, Stuart Christopher→
director · ~72y · appointed 2008-06-30 · resigned 2009-02-10
Resigned
RIGBY, John Stephen→
director · ~54y · appointed 2008-06-30 · resigned 2010-03-05
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Bbta
Bbta Limited
Floating charge1 property10/07/2008—
satisfied
HSBC
Hsbc Bank PLC
Floating charge1 property05/01/200608/03/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

change-person-director-company-with-change-date
officers · CH01
2025-12-19
change-person-secretary-company-with-change-date
officers · CH03
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-16
change-account-reference-date-company-previous-extended
accounts · AA01
2022-05-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-08-12