BRUCE QUALITY HOMES LIMITED

💤Zombieactive
SC312645 · ltd · incorporated 2006-11-28
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
£94.5k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 63-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -72% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 18.4y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 18.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
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 £94,467
Net assets shrinking
Down £1,729 YoY
Cash draining
Cash down 72% YoY
Cash YoY
-72%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 72% YoY
Net Worth
£94k
↓ 1.8% YoY
Current Assets
—
Current Liabilities
—
£0£19k£38k£58k£77k£96kNov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-11-302024-11-30
Cash£2.3k£8.2k
Net assets£94.5k£96.2k

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-07-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-07-09
    🔓
    Charge satisfied #4
  6. 2023-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-08-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-12-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-12-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-04-10
    🔒
    Charge registered #6
    Lender: Royal Bank of Scotland PLC
  18. 2008-08-15
    🔒
    Charge registered #5
    Lender: Royal Bank of Scotland PLC
  19. 2008-08-08
    🔒
    Charge registered #4
    Lender: Royal Bank of Scotland PLC
  20. 2008-07-28
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  21. 2008-05-14
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  22. 2008-04-09
    ➖
    BRUCE, Joan resigned
    secretary
  23. 2008-04-09
    ➖
    BRUCE, Joan resigned
    director
  24. 2007-12-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2006-11-28
    🏢
    Company incorporated
    As BRUCE QUALITY HOMES LIMITED
  26. 2006-11-28
    ➕
    BRUCE, Evelyn Elizabeth appointed
    director
  27. 2006-11-28
    ➕
    BRUCE, Joan appointed
    secretary
  28. 2006-11-28
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  29. 2006-11-28
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  30. 2006-11-28
    ➕
    BRUCE, Joan appointed
    director
  31. 2006-11-28
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  32. 2006-11-28
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +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 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

88/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Evelyn Elizabeth Bruce
Individual · British · DOB 01/1963 · age 63
75–100%
—75-100% shares28/11/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2006-11-28
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

79 Broad Street
Fraserburgh
AB43 9AU

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28

Officers (1 active · 4 resigned)

BRUCE, Evelyn Elizabeth→
director · ~63y · appointed 2006-11-28
View their other companies + combined net worth →
Active
BRUCE, Joan→
secretary · appointed 2006-11-28 · resigned 2008-04-09
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-11-28 · resigned 2006-11-28
Resigned
BRUCE, Joan→
director · ~59y · appointed 2006-11-28 · resigned 2008-04-09
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-11-28 · resigned 2006-11-28
Resigned

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

Mortgages & charges

6
Total charges
5
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property10/04/2009—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property15/08/2008—
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property08/08/200809/07/2024
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property28/07/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge standard security1 property14/05/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/12/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-09