BRODICK BRASSERIE LIMITED

💤Zombieactive
SC588826 · ltd · incorporated 2018-02-15
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 Jun 2024
Net worth
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 67/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 8.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
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
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Jun 2023Jun 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-06-302023-06-30
Average employees15001500

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
0
filings
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-02-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-02-02
    UNAL, Timur Jay resigned
    director
  3. 2025-08-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-08-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-08-09
    UNAL, Timur Jay appointed
    director
  6. 2025-07-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2025-06-23
    MCKINNON, Graeme Iain resigned
    director
  10. 2024-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-02-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2024-02-12
    UNAL, Timur Jay resigned
    director
  13. 2023-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-09-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2023-08-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2022-11-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-11-14
    MCKINNON, Laura Victoria resigned
    director
  18. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2022-06-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2022-06-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2022-06-18
    MCKINNON, Laura Victoria appointed
    director
  22. 2022-06-18
    UNAL, Timur Jay appointed
    director
  23. 2022-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-02-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2020-11-16
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  26. 2020-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2018-07-15
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 2018-04-24
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 2018-03-09
    MCKINNON, Nelson Paul resigned
    director
  30. 2018-03-01
    MCKINNON, Lily Fleming, Rev. appointed
    director
  31. 2018-03-01
    MCKINNON, Nelson Paul appointed
    director
  32. 2018-02-15
    🏢
    Company incorporated
    As BRODICK BRASSERIE LIMITED
  33. 2018-02-15
    MCKINNON, Graeme Iain appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

75/100
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 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-02-28

2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MCKINNON, Graeme Iain resigned 2025-06-23; UNAL, Timur Jay resigned 2026-02-02

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Rev. Lily Fleming Mckinnon
Individual · British · DOB 10/1948 · age 78
2550%
25–50%board control25-50% shares · 25-50% voting · board control15/02/2018
2 historic (ceased) PSCs
  • Mr Graeme Iain Mckinnonceased 23/06/2025· 25-50% shares · 25-50% voting · board control
  • Mr Nelson Paul Mckinnonceased 09/03/2018· significant influence

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 →
🔒Tailored diligence questions

9 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
Incorporated2018-02-15
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Brodick Bar & Brasserie Alma Road
Brodick
Isle Of Arran
KA27 8BU
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-02-28OVERDUE
Last: 2025-02-14

Officers (1 active · 5 resigned)

MCKINNON, Lily Fleming, Rev.
director · ~78y · appointed 2018-03-01
View their other companies + combined net worth →
Active
MCKINNON, Graeme Iain
director · ~76y · appointed 2018-02-15 · resigned 2025-06-23
Resigned
MCKINNON, Laura Victoria
director · ~53y · appointed 2022-06-18 · resigned 2022-11-14
Resigned
MCKINNON, Nelson Paul
director · ~52y · appointed 2018-03-01 · resigned 2018-03-09
Resigned
UNAL, Timur Jay
director · ~25y · appointed 2025-08-09 · resigned 2026-02-02
Resigned
UNAL, Timur Jay
director · ~25y · appointed 2022-06-18 · resigned 2024-02-12
Resigned

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
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property15/07/2018
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge24/04/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-02-14
change-person-director-company-with-change-date
officers · CH01
2025-08-11
appoint-person-director-company-with-name-date
officers · AP01
2025-08-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-03
termination-director-company-with-name-termination-date
officers · TM01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
termination-director-company-with-name-termination-date
officers · TM01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-27
gazette-filings-brought-up-to-date
gazette · DISS40
2023-09-02
gazette-notice-compulsory
gazette · GAZ1
2023-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-26
termination-director-company-with-name-termination-date
officers · TM01
2022-11-15