PERT BRUCE CONSTRUCTION LIMITED

🌳Matureactive

SC284392 · ltd · incorporated 2005-05-06

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

Why now

Window opening · medium confidence

More negotiable than before — 1 signals weakening over the last 30 days.

· Deal-killer verdict: clean → high-friction
· Refinance opportunity: too_messy → clean_up_first

What changed my view

Last 30 days

Picture worsened over the last 30 days — 1 negative signal vs 0 positive.

↓Deal-killer verdict: clean → high-friction
·Refinance opportunity: too_messy → clean_up_first

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Construction of commercial buildings

Sector: Construction

ALSO REGISTERED FOR

41202Construction of domestic buildings

Investor take

Pursue

Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 20.7y

45/100

clean up first

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

· Oldest live charge is 20.7 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (76/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

18 officers (9 active, 18 linked, 14 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

14 connected companies via shared directors

Filing history

103 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £698,722

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-10-31
Profit before tax	£698.7k
Average employees	66

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (57 events)Click to expand

2026-07-14
📄
accounts-with-accounts-type-full
accounts · AA
2025-04-01
📄
accounts-with-accounts-type-medium
accounts · AA
2024-04-12
📄
accounts-with-accounts-type-medium
accounts · AA
2023-04-06
📄
accounts-with-accounts-type-full
accounts · AA
2023-03-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-01
➕
RIOCH, Craig George appointed
director
2022-06-08
📄
accounts-with-accounts-type-full
accounts · AA
2022-05-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-11-01
➖
PERT, James Masson resigned
director
2021-06-08
📄
accounts-with-accounts-type-full
accounts · AA
2020-06-04
📄
accounts-with-accounts-type-full
accounts · AA
2020-01-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-01-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-11-01
➕
LOCHRIE, Ronald appointed
director
2019-11-01
➕
REID, Laura Michelle appointed
director
2019-07-15
📄
accounts-with-accounts-type-full
accounts · AA
2018-05-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-05-22
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-05-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2018-05-18
📄
accounts-with-accounts-type-full
accounts · AA
2018-05-08
🔓
Charge satisfied #1
2018-05-02
🔒
Charge registered #8
Lender: James Masson Pert
2018-05-01
🔒
Charge registered #7
Lender: Svenska Handelsbanken Ab (Publ)
2018-04-30
🔓
Charge satisfied #5
2018-04-24
🔓
Charge satisfied #2
2018-04-23
🔓
Charge satisfied #3
2018-02-26
🔒
Charge registered #6
Lender: Svenska Handelsbanken Ab (Publ)
2017-11-01
➕
BRUCE, Sharon appointed
director
2016-10-31
➖
BRUCE, James Keith Abercromby resigned
director
2016-04-25
🔓
Charge satisfied #4
2015-01-01
➕
BRYANT, Brandon appointed
director
2014-11-01
➕
FORREST, Gilbert appointed
director
2013-05-31
🔒
Charge registered #5
Lender: Bank of Scotland PLC
2013-05-31
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2012-09-03
➕
DAVIES, Graeme appointed
director
2010-12-07
➕
BRUCE, Sharon appointed
secretary
2010-12-07
➖
BOYD, Elaine resigned
secretary
2008-04-30
➖
PERCY, William Jarron resigned
director
2007-12-10
➖
LEIPER, Brian resigned
director
2007-08-31
➖
BIRD, Roger Stephen resigned
director
2007-06-01
➕
BOYD, Elaine appointed
secretary
2007-06-01
➖
MASSIE, Anne Macdonald resigned
secretary
2006-03-14
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2005-10-31
➕
PERCY, William Jarron appointed
director
2005-10-31
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2005-10-31
🔒
Charge registered #1
Lender: James Masson Pert and Others
2005-10-24
➕
BRUCE, Craig Keith appointed
director
2005-10-24
➕
MASSIE, Anne Macdonald appointed
secretary
2005-10-24
➖
MACDONALDS resigned
corporate-nominee-secretary
2005-10-24
➕
BIRD, Roger Stephen appointed
director

Showing most recent 50 of 57 events

Owner dependency

81/100

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

-8 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "BRUCE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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.

Group structure

Pert Bruce Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Pert Bruce Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

PERT BRUCE CONSTRUCTION LIMITED

This company · SC284392

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%

Name	Shares	Voting rights	Nature of control	Notified
Pert Bruce Holdings Limited Corporate entity	75–100%	—	75-100% shares	03/11/2017

2 historic (ceased) PSCs

Mr Jamie Pertceased 03/11/2017· 25-50% shares
Mr Craig Keith Bruceceased 03/11/2017· 25-50% shares

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 →

Similar companies

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D J LAING (CONTRACTS) LIMITED→ SC087805 · est 1984	£1.52M £1.08M–£1.95M	—	—	57	42y	87	79y
ANGUS DECORATING COMPANY LIMITED→ SC056282 · est 1974	£1.48M £1.06M–£1.90M	—	—	65	51y	83	63y
ROCKNOWE INTERIORS LIMITED→ SC489276 · est 2014	£634.1k £452.9k–£815.3k	—	—	1100	11y	85	75y
FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017	£34.1k £24.4k–£43.9k	—	—	0	9y	83	83y
DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993	—	—	—	—	32y	83	65y
ISLAND LEISURE LIMITED→ SC119182 · est 1989	—	—	—	23	36y	83	64y
JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970	—	—	£1.45M	—	55y	83	60y
JAMES LAMMOND LIMITED→ SC258479 · est 2003	—	—	—	35	22y	83	62y
M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007	—	—	—	21	18y	83	63y
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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.

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Company details

Statusactive

Typeltd

Incorporated2005-05-06

Jurisdictionscotland

Primary SIC41201 — Construction of commercial buildings

Registered office

Munros House

Broomfield Industrial Estate

Broomfield Road Montrose

Angus

DD10 8SY

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2027-05-11

Last: 2026-04-27