BRUCE INNS LIMITED

🌳Matureactive
SC251516 · ltd · incorporated 2003-06-20
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 Jun 2025
Net worth
£113.1k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

14 live charges · 4 lenders · oldest 22.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 3 with DOB)
79
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
90 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
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £113,120
Cash YoY
+7%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£86k
↑ 6.5% YoY
Net Worth
£113k
↑ 300% YoY
Current Assets
£121k
↑ 15% YoY
Current Liabilities
—
£0£24k£48k£72k£96k£121kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£348.1k£269.2k
Current assets£120.6k£104.7k
Cash£86.3k£81.0k
Debtors£27.3k£18.6k
Net assets£113.1k£28.2k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2022-11-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2022-11-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-11-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-11-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-11-16
    🔓
    Charge satisfied #11
  11. 2022-11-16
    🔓
    Charge satisfied #10
  12. 2022-11-16
    🔓
    Charge satisfied #7
  13. 2022-11-16
    🔓
    Charge satisfied #6
  14. 2022-11-16
    🔓
    Charge satisfied #5
  15. 2022-11-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2022-11-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2022-11-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2022-11-03
    🔓
    Charge satisfied #12
  19. 2022-11-02
    🔒
    Charge registered #13
    Lender: Cynergy Bank Limited
  20. 2022-10-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2022-10-25
    🔒
    Charge registered #12
    Lender: Cynergy Bank Limited
  22. 2022-10-21
    🔒
    Charge registered #14
    Lender: Cynergy Bank Limited
  23. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2020-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2018-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2018-10-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  28. 2010-05-10
    ➕
    THOMSON, Andrew Michael Macgregor appointed
    secretary
  29. 2010-05-10
    ➖
    KERR STIRLING LLP resigned
    corporate-secretary
  30. 2009-02-17
    🔒
    Charge registered #11
    Lender: Aib Group (UK) PLC
  31. 2008-06-06
    🔒
    Charge registered #10
    Lender: Aib Group (UK) PLC
  32. 2007-04-14
    🔓
    Charge satisfied #8
  33. 2007-03-10
    🔓
    Charge satisfied #9
  34. 2007-02-20
    🔓
    Charge satisfied #4
  35. 2007-02-20
    🔓
    Charge satisfied #3
  36. 2007-02-20
    🔓
    Charge satisfied #2
  37. 2007-02-20
    🔓
    Charge satisfied #1
  38. 2006-04-19
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  39. 2006-01-05
    🔒
    Charge registered #8
    Lender: Aib Group (UK) PLC
  40. 2005-11-30
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC
  41. 2005-10-25
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  42. 2005-07-14
    🔒
    Charge registered #5
    Lender: Aib Group (UK) PLC
  43. 2003-12-30
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  44. 2003-12-30
    🔒
    Charge registered #3
    Lender: Caledonian Heritable Limited
  45. 2003-11-22
    🔒
    Charge registered #2
    Lender: Caledonian Heritable Limited
  46. 2003-11-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  47. 2003-07-10
    ➕
    PIATKOWSKI, Andrew appointed
    director
  48. 2003-06-20
    🏢
    Company incorporated
    As BRUCE INNS LIMITED
  49. 2003-06-20
    ➕
    FULLERTON, Kevan Douglas appointed
    director
  50. 2003-06-20
    ➕
    PIATKOWSKI, Scott Fraser appointed
    director
Showing most recent 50 of 55 events

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Scott Fraser Piatkowski
Individual · British · DOB 02/1974 · age 52
25–50%
—25-50% shares19/06/2017
Andrew Piatkowski
Individual · British · DOB 06/1947 · age 79
25–50%
—25-50% shares19/06/2017
Mr Kevan Douglas Fullerton
Individual · British · DOB 08/1966 · age 60
25–50%
—25-50% shares19/06/2017

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

7 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
Incorporated2003-06-20
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Springfield House
Laurelhill Business Park
Stirling
FK7 9JQ
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-04
Last: 2025-06-20

Officers (4 active · 3 resigned)

THOMSON, Andrew Michael Macgregor→
secretary · appointed 2010-05-10
View their other companies + combined net worth →
Active
FULLERTON, Kevan Douglas→
director · ~60y · appointed 2003-06-20
View their other companies + combined net worth →
Active
PIATKOWSKI, Andrew→
director · ~79y · appointed 2003-07-10
View their other companies + combined net worth →
Active
PIATKOWSKI, Scott Fraser→
director · ~52y · appointed 2003-06-20
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-06-20 · resigned 2003-06-20
Resigned
KERR STIRLING LLP→
corporate-secretary · appointed 2003-06-20 · resigned 2010-05-10
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-06-20 · resigned 2003-06-20
Resigned

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

Mortgages & charges

14
Total charges
2
Outstanding
1
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge3 properties02/11/2022—
satisfied
Cynergy Bank
Cynergy Bank Limited
A registered charge3 properties25/10/202203/11/2022
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge—21/10/2022—
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property17/02/200916/11/2022
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property06/06/200816/11/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property19/04/200610/03/2007
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property05/01/200614/04/2007
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property30/11/200516/11/2022
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property25/10/200516/11/2022
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Floating charge1 property14/07/200516/11/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property30/12/200320/02/2007
satisfied
Caledonian Heritable
Caledonian Heritable Limited
Standard security1 property30/12/200320/02/2007
satisfied
Caledonian Heritable
Caledonian Heritable Limited
Floating charge1 property22/11/200320/02/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/11/200320/02/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-16
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-05
mortgage-satisfy-charge-full
mortgage · MR04
2022-11-03
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-03