WESTNOTE BAR COMPANY LTD

💤Zombieactive
SC624624 · ltd · incorporated 2019-03-18
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 Mar 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Average employees900

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
2
filings
  • 2 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-03-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  2. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-09-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2025-09-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-03-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-07-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-03-18
    🏢
    Company incorporated
    As WESTNOTE BAR COMPANY LTD
  12. 2019-03-18
    PIERACCINI, Stefano Jo appointed
    director
  13. 2019-03-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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

Rocca Group Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Rocca Group Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
WESTNOTE BAR COMPANY LTD
This company · SC624624

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
Rocca Group Holdings Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control09/09/2025
1 historic (ceased) PSC
  • Mr Stefano Jo Pieracciniceased 09/09/2025· 75-100% shares · board control · trust interest · firm interest

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 →
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Company details

Statusactive
Typeltd
Incorporated2019-03-18
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

48-48a Broughton Street
Edinburgh
EH1 3SA
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13

Officers (1 active · 0 resigned)

PIERACCINI, Stefano Jo
director · ~31y · appointed 2019-03-18
View their other companies + combined net worth →
Active

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

Recent filings (18 total)

change-account-reference-date-company-previous-shortened
accounts · AA01
2026-03-25
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-09-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-17