BRUCE INVESTMENTS LIMITED

🌳Matureactive
SC363319 · ltd · incorporated 2009-07-31
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£-97.0k
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
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 3.8y

35/100
under pressure

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

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
49 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £97,029
Net assets shrinking
Down £285,663 YoY
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£15k
↓ 96% YoY
Net Worth
-£97k
↓ 151% YoY
Current Assets
£239k
↓ 59% YoY
Current Liabilities
—
-£97k£39k£175k£311k£448k£584kJun 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£1.65M£2.01M
Current assets£238.8k£583.7k
Cash£15.1k£430.3k
Debtors£223.7k£131.0k
Net assets£-97.0k£188.6k

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
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 (28 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-03-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-07-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  5. 2023-03-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-07-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2022-07-22
    🔒
    Charge registered #2
    Lender: Cynergy Bank Limited
  8. 2022-07-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2022-07-11
    🔒
    Charge registered #1
    Lender: Cynergy Bank Limited
  10. 2022-06-22
    📄
    capital-allotment-shares
    capital · SH01
  11. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-21
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2020-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-10-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-02-26
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2009-07-31
    🏢
    Company incorporated
    As BRUCE INVESTMENTS LIMITED
  20. 2009-07-31
    ➕
    THOMSON, Andrew Michael Macgregor appointed
    secretary
  21. 2009-07-31
    ➕
    FULLERTON, Kevan Douglas appointed
    director
  22. 2009-07-31
    ➕
    PIATKOWSKI, Scott Fraser appointed
    director
  23. 2009-07-31
    ➕
    COSEC LIMITED appointed
    corporate-secretary
  24. 2009-07-31
    ➖
    COSEC LIMITED resigned
    corporate-secretary
  25. 2009-07-31
    ➕
    MCMEEKIN, James Stuart appointed
    director
  26. 2009-07-31
    ➖
    MCMEEKIN, James Stuart resigned
    director
  27. 2009-07-31
    ➕
    COSEC LIMITED appointed
    corporate-director
  28. 2009-07-31
    ➖
    COSEC LIMITED resigned
    corporate-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

69/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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.)

Group structure

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

🏛️
Bruce Group Scotland Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
BRUCE INVESTMENTS LIMITED
This company · SC363319

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%
NameSharesVoting rightsNature of controlNotified
Bruce Group Scotland Limited
Corporate entity
75–100%
—75-100% shares27/07/2016

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

6 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
Incorporated2009-07-31
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: 2026-08-14
Last: 2025-07-31

Officers (3 active · 3 resigned)

THOMSON, Andrew Michael Macgregor→
secretary · appointed 2009-07-31
View their other companies + combined net worth →
Active
FULLERTON, Kevan Douglas→
director · ~60y · appointed 2009-07-31
View their other companies + combined net worth →
Active
PIATKOWSKI, Scott Fraser→
director · ~52y · appointed 2009-07-31
View their other companies + combined net worth →
Active
COSEC LIMITED→
corporate-secretary · appointed 2009-07-31 · resigned 2009-07-31
Resigned
MCMEEKIN, James Stuart→
director · ~59y · appointed 2009-07-31 · resigned 2009-07-31
Resigned
COSEC LIMITED→
corporate-director · appointed 2009-07-31 · resigned 2009-07-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge2 properties22/07/2022—
outstanding
Cynergy Bank
Cynergy Bank Limited
A registered charge—11/07/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

accounts-with-accounts-type-small
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-01
accounts-with-accounts-type-small
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-small
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-03
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-07-17
accounts-with-accounts-type-small
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-18
capital-allotment-shares
capital · SH01
2022-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-16