P.E.C. LIMITED

💤Zombieactive
SC240195 · ltd · incorporated 2002-11-27
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 May 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Licenced clubs
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 73). 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 (73/100).

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 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
8 officers (1 active, 8 linked, 3 with DOB)
78
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
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 · FRS 102
Metric2025-05-31
Average employees4

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 accounts
Last 180 days
4
filings
  • • 1 accounts
  • • 1 confirmation-statement
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-10-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-10-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-27
    ➖
    SALE, Paul resigned
    director
  5. 2025-07-21
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2024-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-07-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-07-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2023-06-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2023-06-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2023-03-10
    ➖
    SALE, Lynn resigned
    director
  15. 2023-03-10
    ➕
    SALE, Paul appointed
    director
  16. 2023-03-10
    📄
    termination-director-company
    officers · TM01
  17. 2023-03-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2022-10-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  19. 2022-10-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2022-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2010-12-14
    ➖
    BLACKADDERS LLP resigned
    corporate-secretary
  24. 2008-04-01
    ➖
    BLACKADDERS resigned
    corporate-secretary
  25. 2008-04-01
    ➕
    BLACKADDERS LLP appointed
    corporate-secretary
  26. 2006-11-03
    ➕
    SALE, Lynn appointed
    director
  27. 2005-06-13
    ➕
    BLACKADDERS appointed
    corporate-secretary
  28. 2005-06-13
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  29. 2004-12-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  30. 2004-11-30
    ➖
    MESSRS THORNTONS WS resigned
    corporate-nominee-secretary
  31. 2003-02-10
    ➕
    COCHRANE, Anthony Alexander appointed
    director
  32. 2003-02-10
    ➖
    HUTCHESON, Iain Henderson resigned
    nominee-director
  33. 2002-11-27
    🏢
    Company incorporated
    As P.E.C. LIMITED
  34. 2002-11-27
    ➕
    MESSRS THORNTONS WS appointed
    corporate-nominee-secretary
  35. 2002-11-27
    ➕
    HUTCHESON, Iain Henderson appointed
    nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100
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 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

Digital Ten Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Digital Ten Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
P.E.C. LIMITED
This company · SC240195

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Anthony Alexander Cochrane
Individual · British · DOB 02/1953 · age 73
25–50%
25–50%25-50% shares · 25-50% voting30/06/2023
Digital Ten Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting21/07/2022
3 historic (ceased) PSCs
  • Mrs Gwendoline Ann Cochraneceased 30/06/2023· 25-50% shares · 25-50% voting
  • Mr Anthony Alexander Cochraneceased 29/07/2022· 25-50% shares · 25-50% voting
  • Rustling Cloak Limitedceased 21/07/2022· 25-50% shares · 25-50% voting

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
Incorporated2002-11-27
Jurisdictionscotland
Primary SIC56301 — Licenced clubs

Registered office

Mmg
78-84 Bell Street
Dundee
DD1 1HN
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27

Officers (1 active · 7 resigned)

COCHRANE, Anthony Alexander→
director · ~73y · appointed 2003-02-10
View their other companies + combined net worth →
Active
BLACKADDERS→
corporate-secretary · appointed 2005-06-13 · resigned 2008-04-01
Resigned
BLACKADDERS LLP→
corporate-secretary · appointed 2008-04-01 · resigned 2010-12-14
Resigned
MESSRS THORNTONS WS→
corporate-nominee-secretary · appointed 2002-11-27 · resigned 2004-11-30
Resigned
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-01 · resigned 2005-06-13
Resigned
HUTCHESON, Iain Henderson→
nominee-director · appointed 2002-11-27 · resigned 2003-02-10
Resigned
SALE, Lynn→
director · ~54y · appointed 2006-11-03 · resigned 2023-03-10
Resigned
SALE, Paul→
director · ~58y · appointed 2023-03-10 · resigned 2025-10-27
Resigned

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

Recent filings (84 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-29
termination-director-company-with-name-termination-date
officers · TM01
2025-10-28
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
change-person-director-company-with-change-date
officers · CH01
2023-07-05
termination-director-company-with-name-termination-date
officers · TM01
2023-07-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-06-14