DRYGATE INNS LIMITED
🌳Matureactive
SC404080 · ltd · incorporated 2011-07-25
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-566.1k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 65/100. Strong seller-intent signal (68/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 4.2y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.2 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
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 · FRS 102Negative net assets
Liabilities exceed assets by £566,081
Cash draining
Cash down 59% YoY
Cash YoY
-59%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£302
↓ 59% YoY
Net Worth
-£566k
↓ 27% YoY
Current Assets
£14k
↑ 35% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.05M | £1.05M |
| Current assets | £14.4k | £10.7k |
| Cash | £302 | £735 |
| Debtors | £4.1k | — |
| Net assets | £-566.1k | £-444.1k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-30📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-13📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2023-01-27📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-25🔒Charge registered #5Lender: Cumberland Building Society
- 2023-01-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-20🔒Charge registered #4Lender: Cumberland Building Society
- 2022-11-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-29🔒Charge registered #3Lender: Cumberland Building Society
- 2022-08-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-08🔒Charge registered #2Lender: Cumberland Building Society
- 2022-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-03-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-01➕GALLAGHER, Kevin appointedsecretary
- 2022-03-01📄capital-allotment-sharescapital · SH01
- 2022-03-01🔒Charge registered #1Lender: Together Commercial Finance Limited
- 2022-02-11📄capital-allotment-sharescapital · SH01
- 2021-12-01✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-11-05📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-06-10➕JOHNSTON, Alistair James appointeddirector
- 2011-07-25🏢Company incorporatedAs DRYGATE INNS LIMITED
- 2011-07-25➕BRUCE, Alan David Harry appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 78 — succession pressure is live.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alan David Harry Bruce Individual · British · DOB 04/1967 · age 59 | 75–100% | — | 75-100% shares | 25/07/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| DL DRUM LTD→ SC848424 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DOCKSIDE BARS GLA LIMITED→ SC876998 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| DOLLANI LIMITED→ SC762555 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DRYDEN CATERING LTD→ SC766652 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DS CUISINE LTD→ SC779445 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DUOMI LTD→ SC844644 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| DYNAMIC FOOD AND DRINK LTD→ SC710005 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| E&C HOSPITALITY GROUP LTD→ SC780989 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EAGLE 168 LIMITED→ SC790515 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EAGLESHAM FOODS LTD→ SC693167 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| EANO PIZZERIA LIMITED→ SC792561 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| EARL OF MARCHMONT LTD→ SC795460 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2011-07-25
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
71 Kilbowie Road
Clydebank
G81 1BL
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-12
Last: 2025-12-29
Officers (3 active · 0 resigned)
Active
BRUCE, Alan David Harry→
Activedirector · ~59y · appointed 2011-07-25
View their other companies + combined net worth →
JOHNSTON, Alistair James→
Activedirector · ~78y · appointed 2021-06-10
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Cumberland Building Society | A registered charge | 2 properties | 25/01/2023 | — | |
| outstanding | Cumberland Building Society | A registered charge | — | 20/01/2023 | — | |
| outstanding | Cumberland Building Society | A registered charge | 1 property | 29/10/2022 | — | |
| outstanding | Cumberland Building Society | A registered charge | — | 08/08/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 01/03/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (46 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-30
change-person-director-company-with-change-date
officers · CH01
2023-11-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-29
change-account-reference-date-company-previous-extended
accounts · AA01
2023-04-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-11-01