RACE PUBCO LTD

🌿Early-stageactive
SC766305 · ltd · incorporated 2023-04-17
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
£-51.1k
book net assets
Opportunity
63/100
Worth a look
🔔
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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 63/100 (worth a look), bankability 65/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

2 live charges · oldest 3.0y

50/100
clean up first

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

  • · Newest facility, 3.0 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
18 connected companies via shared directors
90
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £51,135
Very low cash
Cash position: £65
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£65
~ YoY
Net Worth
-£51k
↓ 63% YoY
Current Assets
-£36k
↓ 1424% YoY
Current Liabilities
-£51k-£40k-£30k-£19k-£8k£3kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£125.6k£193.8k
Current assets£-35.7k£2.7k
Cash£65£65
Debtors£-35.8k£2.6k
Net assets£-51.1k£-31.3k

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 (14 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-05-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-03-18
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-08-03
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-07-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-05-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-05-12
    🔒
    Charge registered #2
    Lender: Caledonian Heritable Limited
  10. 2023-05-12
    🔒
    Charge registered #1
    Lender: Caledonian Heritable Limited
  11. 2023-04-17
    🏢
    Company incorporated
    As RACE PUBCO LTD
  12. 2023-04-17
    CLARK, Ryan John appointed
    director
  13. 2023-04-17
    EAGAR, Andrew Robert appointed
    director
  14. 2023-04-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-30

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Andrew Robert Eagar
Individual · British · DOB 10/1971 · age 55
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/04/2023
Mr Ryan John Clark
Individual · Scottish · DOB 02/1982 · age 44
2550%
25–50%board control25-50% shares · 25-50% voting · board control17/04/2023

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
Incorporated2023-04-17
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Croft And Cairns
5 Stockethill Crescent
Aberdeen
AB16 5TT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-30OVERDUE
Last: 2025-04-16

Officers (2 active · 0 resigned)

CLARK, Ryan John
director · ~44y · appointed 2023-04-17
View their other companies + combined net worth →
Active
EAGAR, Andrew Robert
director · ~55y · appointed 2023-04-17
View their other companies + combined net worth →
Active

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
Caledonian Heritable
Caledonian Heritable Limited
A registered charge1 property12/05/2023
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge12/05/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-02
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
gazette-notice-compulsory
gazette · GAZ1
2025-03-18
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-01
gazette-notice-compulsory
gazette · GAZ1
2024-07-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-17
incorporation-company
incorporation · NEWINC
2023-04-17