R.T. STUART LIMITED

🌳Matureactive

SC021805 · ltd · incorporated 1941-07-23

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 Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 76). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).

🏦

Refinance opportunity

21 live charges · 4 lenders · oldest 44.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 44.5 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 55/100 (high).

Data confidence

Overall: high (80/100)

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

Lenders & charges

21 charges (21/21 with lender, 21/21 with type)

Directors & officers

16 officers (7 active, 16 linked, 13 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

4 connected companies via shared directors

Filing history

176 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £1,550,275

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Profit before tax	£1.55M	—
Average employees	16100	15600

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (78 events)Click to expand

2025-06-21
📄
accounts-with-accounts-type-full
accounts · AA
2025-06-02
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-03
📄
accounts-with-accounts-type-small
accounts · AA
2024-06-06
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-06
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-06
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-06
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-06
📄
change-person-director-company-with-change-date
officers · CH01
2024-06-06
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-06-26
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-13
📄
capital-return-purchase-own-shares
capital · SH03
2022-12-12
📄
capital-cancellation-shares
capital · SH06
2022-12-08
📄
capital-return-purchase-own-shares
capital · SH03
2022-10-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-10-13
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-07-14
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2022-07-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-27
🔓
Charge satisfied #21
2022-06-23
🔓
Charge satisfied #18
2022-06-23
🔓
Charge satisfied #15
2022-06-23
🔓
Charge satisfied #11
2022-06-23
🔓
Charge satisfied #10
2022-06-23
🔓
Charge satisfied #8
2022-05-13
🔓
Charge satisfied #19
2022-05-13
🔓
Charge satisfied #20
2022-05-13
🔓
Charge satisfied #17
2022-05-13
🔓
Charge satisfied #16
2022-05-13
🔓
Charge satisfied #14
2022-05-13
🔓
Charge satisfied #12
2022-05-13
🔓
Charge satisfied #9
2022-05-13
🔓
Charge satisfied #6
2022-05-13
🔓
Charge satisfied #3
2022-05-13
🔓
Charge satisfied #2
2017-02-10
➕
STUART, Mark Murray appointed
director
2014-01-17
➖
STUART, Dorothy Lois resigned
director
2014-01-17
➖
STUART, Norman James resigned
director
2012-03-31
➖
STUART, Margaret Allan Waldie resigned
director
2011-04-14
🔓
Charge satisfied #5
2011-04-13
🔒
Charge registered #21
Lender: Clydesdale Bank PLC
2011-04-08
🔒
Charge registered #19
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #20
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #18
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #17
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #16
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #15
Lender: Clydesdale Bank PLC
2011-03-30
🔒
Charge registered #14
Lender: Clydesdale Bank PLC

Showing most recent 50 of 78 events

Owner dependency

88/100

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

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "STUART" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 85 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 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

R T Stuart Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

R T Stuart Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

R.T. STUART LIMITED

This company · SC021805

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%

Name	Shares	Voting rights	Nature of control	Notified
R T Stuart Holdings Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	31/05/2024

3 historic (ceased) PSCs

Mr Alan James Stuartceased 31/05/2024· 25-50% shares · 25-50% voting
Mr Keith James Stuartceased 31/05/2024· 25-50% shares · 25-50% voting
Mr Alan James Stuartceased 30/06/2022· 25-50% shares

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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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KETTLE PRODUCE LIMITED→ SC097725 · est 1986	£4.91M £3.62M–£6.20M	—	—	98700	40y	83	65y
ALLSON SPARKLE LIMITED→ SC089716 · est 1984	£4.75M £3.50M–£6.00M	£14.81M	—	5600	41y	85	60y
SE WATSON CONSULTING LIMITED→ SC301608 · est 2006	—	—	—	200	19y	80	59y
GFJK LTD→ SC423364 · est 2012	—	—	£334	—	13y	79	66y
MC FRATM LTD→ SC832929 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
MICROPOWDERS LTD→ SC671477 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
OPEN DISTILLERY LIMITED→ SC565581 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
OTG 1821 ST ANDREWS LIMITED→ SC682221 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
OVENSTONE 109 LIMITED→ SC557478 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
PATRON SAINT WHISKY LTD→ SC786888 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
SAN LORENZO BAKERY WHOLESALE LTD→ SC603030 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
SCOTCH WHISKY INVESTMENTS LTD→ SC687070 · est 2021 · no financials extracted	—	—	—	—	5y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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.

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Company details

Statusactive

Typeltd

Incorporated1941-07-23

Jurisdictionscotland

Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Dubbieside Bakery

Harbour View

Methil

Fife

KY8 3RE

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-06

Last: 2025-05-23