THE EAST COAST PUB COMPANY LIMITED

🌳Matureactive
SC273238 · ltd · incorporated 2004-09-13
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 83/100 (exceptional), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 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

4 live charges · 2 lenders · oldest 21.5y

50/100
clean up first

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

  • · Oldest live charge is 21.5 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: medium (71/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (5 active, 8 linked, 5 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
70 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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Average employees12001200

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2024-06-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-22
    ➕
    COUSER, Stuart appointed
    director
  5. 2023-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-07-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-10-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-07-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2016-07-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-04-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2016-04-12
    ➖
    TAPP, Derek resigned
    director
  16. 2015-09-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2005-07-18
    🔒
    Charge registered #4
    Lender: Scottish Courage Limited
  19. 2005-07-18
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  20. 2004-11-08
    🔒
    Charge registered #2
    Lender: Scottish Courage Limited
  21. 2004-11-08
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  22. 2004-09-13
    🏢
    Company incorporated
    As THE EAST COAST PUB COMPANY LIMITED
  23. 2004-09-13
    ➕
    COUSER, Fiona Moira appointed
    secretary
  24. 2004-09-13
    ➕
    COUSER, Fiona Moira appointed
    director
  25. 2004-09-13
    ➕
    MUIR, Garry appointed
    director
  26. 2004-09-13
    ➕
    NEILSON, Derek Graham appointed
    director
  27. 2004-09-13
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  28. 2004-09-13
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  29. 2004-09-13
    ➕
    TAPP, Derek appointed
    director
  30. 2004-09-13
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  31. 2004-09-13
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • 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.)
🔒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
Incorporated2004-09-13
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Torley's Bar
38 High Street
Lochgelly
Fife
KY5 9JP

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-09-27
Last: 2025-09-13

Officers (5 active · 3 resigned)

COUSER, Fiona Moira→
secretary · appointed 2004-09-13
View their other companies + combined net worth →
Active
COUSER, Fiona Moira→
director · ~48y · appointed 2004-09-13
View their other companies + combined net worth →
Active
COUSER, Stuart→
director · ~51y · appointed 2024-03-22
View their other companies + combined net worth →
Active
MUIR, Garry→
director · ~58y · appointed 2004-09-13
View their other companies + combined net worth →
Active
NEILSON, Derek Graham→
director · ~51y · appointed 2004-09-13
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-09-13 · resigned 2004-09-13
Resigned
TAPP, Derek→
director · ~65y · appointed 2004-09-13 · resigned 2016-04-12
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-09-13 · resigned 2004-09-13
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Scottish Courage
Scottish Courage Limited
Standard security1 property18/07/2005—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security2 properties18/07/2005—
outstanding
Scottish Courage
Scottish Courage Limited
Floating charge1 property08/11/2004—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property08/11/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-13
appoint-person-director-company-with-name-date
officers · AP01
2024-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-27
change-person-director-company-with-change-date
officers · CH01
2020-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-15
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-19