LOTHIAN GLASS LIMITED

🌳Matureactive
SC231759 · ltd · incorporated 2002-05-21
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£3.00M
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 76/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
8 officers (4 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £3,003,084
Cash YoY
-13%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£969k
↓ 13% YoY
Net Worth
£3.0m
↑ 15% YoY
Current Assets
£2.6m
↓ 5.5% YoY
Current Liabilities
—
£0£601k£1.2m£1.8m£2.4m£3.0mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Total assets£3.16M£2.70M
Current assets£2.64M£2.80M
Cash£969.1k£1.11M
Debtors£1.66M£1.67M
Net assets£3.00M£2.62M

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-02-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-08-12
    ➕
    BRUCE, Robbie Francis Alexander appointed
    director
  6. 2022-08-12
    ➕
    BRUCE, Tracey Ann appointed
    director
  7. 2022-08-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2022-08-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-03-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-01-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-05-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-05-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2011-08-31
    ➖
    BRUCE, Dennis Stewart resigned
    director
  20. 2011-08-31
    ➖
    BRUCE, Jane resigned
    director
  21. 2002-05-21
    🏢
    Company incorporated
    As LOTHIAN GLASS LIMITED
  22. 2002-05-21
    ➕
    BRUCE, Mark Steven appointed
    secretary
  23. 2002-05-21
    ➕
    BRUCE, Mark Steven appointed
    director
  24. 2002-05-21
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  25. 2002-05-21
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  26. 2002-05-21
    ➕
    BRUCE, Dennis Stewart appointed
    director
  27. 2002-05-21
    ➕
    BRUCE, Jane appointed
    director
  28. 2002-05-21
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  29. 2002-05-21
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — BRUCE, Robbie Francis Alexander (same surname) appointed 2022-08-12. Pattern consistent with intra-family handover.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Mark Steven Bruce
Individual · British · DOB 05/1971 · age 55
——sig. influencesignificant influence20/05/2017

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 →
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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
Incorporated2002-05-21
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

78 Lothian Street
Bonnyrigg
Midlothian
EH19 3AQ

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-05-27
Last: 2025-05-13

Officers (4 active · 4 resigned)

BRUCE, Mark Steven→
secretary · appointed 2002-05-21
View their other companies + combined net worth →
Active
BRUCE, Mark Steven→
director · ~55y · appointed 2002-05-21
View their other companies + combined net worth →
Active
BRUCE, Robbie Francis Alexander→
director · ~30y · appointed 2022-08-12
View their other companies + combined net worth →
Active
BRUCE, Tracey Ann→
director · ~52y · appointed 2022-08-12
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-05-21 · resigned 2002-05-21
Resigned
BRUCE, Dennis Stewart→
director · ~78y · appointed 2002-05-21 · resigned 2011-08-31
Resigned
BRUCE, Jane→
director · ~76y · appointed 2002-05-21 · resigned 2011-08-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-05-21 · resigned 2002-05-21
Resigned

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

Recent filings (67 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
appoint-person-director-company-with-name-date
officers · AP01
2022-08-12
appoint-person-director-company-with-name-date
officers · AP01
2022-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-28