S LUCA OF MUSSELBURGH LIMITED

🌳Matureactive
SC296882 · ltd · incorporated 2006-02-09
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.65M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10520
Sector: Manufacturing
ALSO REGISTERED FOR
  • 47240Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · oldest 20.2y

65/100
clean up first

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

  • · Oldest live charge is 20.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
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
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £1,650,243

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
Net Worth
£1.7m
Current Assets
£477k
Current Liabilities
—
£0£330k£660k£990k£1.3m£1.7mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£2.28M—
Current assets£476.8k—
Cash£8.8k—
Debtors£365.3k—
Net assets£1.65M—
Average employees—11000

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-02-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2020-01-30
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  9. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-04-12
    📄
    capital-allotment-shares
    capital · SH01
  14. 2016-04-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  15. 2016-04-12
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-10-27
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  18. 2012-01-01
    ➖
    LINDSAYS WS resigned
    corporate-secretary
  19. 2011-01-26
    ➖
    CALLAGHAN, Craig resigned
    director
  20. 2011-01-23
    ➖
    GRAINGER, Robert Steven resigned
    secretary
  21. 2011-01-23
    ➖
    GRAINGER, Robert Steven resigned
    director
  22. 2011-01-19
    ➖
    PELOSI, Ninette resigned
    director
  23. 2008-12-03
    ➕
    GRAINGER, Robert Steven appointed
    secretary
  24. 2008-12-03
    ➕
    CALLAGHAN, Craig appointed
    director
  25. 2008-12-03
    ➕
    GRAINGER, Robert Steven appointed
    director
  26. 2006-09-11
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 2006-02-28
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 2006-02-10
    ➕
    PELOSI, Ninette appointed
    director
  29. 2006-02-09
    🏢
    Company incorporated
    As S LUCA OF MUSSELBURGH LIMITED
  30. 2006-02-09
    ➕
    LUCA, Michael appointed
    director
  31. 2006-02-09
    ➕
    LUCA, Yolanda appointed
    director
  32. 2006-02-09
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-secretary
  33. 2006-02-09
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-secretary
  34. 2006-02-09
    ➕
    LINDSAYS WS appointed
    corporate-secretary
  35. 2006-02-09
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-director
  36. 2006-02-09
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-director

Owner dependency

100/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "LUCA" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Luca
Individual · British · DOB 05/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Yolanda Luca
Individual · British · DOB 08/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

8 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
Incorporated2006-02-09
Jurisdictionscotland
Primary SIC10520 — SIC 10520

Registered office

32/34 High Street
Musselburgh
East Lothian
EH21 7AG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (2 active · 7 resigned)

LUCA, Michael→
director · ~69y · appointed 2006-02-09
View their other companies + combined net worth →
Active
LUCA, Yolanda→
director · ~55y · appointed 2006-02-09
View their other companies + combined net worth →
Active
GRAINGER, Robert Steven→
secretary · appointed 2008-12-03 · resigned 2011-01-23
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-secretary · appointed 2006-02-09 · resigned 2006-02-09
Resigned
LINDSAYS WS→
corporate-secretary · appointed 2006-02-09 · resigned 2012-01-01
Resigned
CALLAGHAN, Craig→
director · ~54y · appointed 2008-12-03 · resigned 2011-01-26
Resigned
GRAINGER, Robert Steven→
director · ~59y · appointed 2008-12-03 · resigned 2011-01-23
Resigned
PELOSI, Ninette→
director · ~81y · appointed 2006-02-10 · resigned 2011-01-19
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-director · appointed 2006-02-09 · resigned 2006-02-09
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property30/01/2020—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property27/10/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/09/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/02/2006—
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
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-20