FIR TREE FARM EQUESTRIAN CENTRE LIMITED

🌳Matureactive
08021932 · ltd · incorporated 2012-04-05
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
70/100
Strong
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 65/100. 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 (65/100).

Data confidence

Overall: medium (79/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£15k£29k£44k£59k£73kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£72.6k
Current assets£73.2k
Net assets£72.6k
Average employees8

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

🔒Filing-note intelligence

1 signal 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
2
filings
  • 1 accounts
  • 1 address
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-04-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-04-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-11-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-05-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-07-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  12. 2023-06-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2023-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2023-06-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2023-03-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2023-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2022-11-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2021-10-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2021-05-17
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  22. 2012-04-05
    🏢
    Company incorporated
    As FIR TREE FARM EQUESTRIAN CENTRE LIMITED
  23. 2012-04-05
    WAUGH, Arnold Frazer appointed
    director
  24. 2012-04-05
    WAUGH, Kathryn appointed
    director
  25. 2012-04-05
    WAUGH, Valerie appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 78 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 14 years.

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: 2026-04-19

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Kathryn Waugh
Individual · British · DOB 10/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Arnold Frazer Waugh
Individual · British · DOB 07/1948 · age 78
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Valerie Waugh
Individual · British · DOB 06/1953 · age 73
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Arnold Frazer Waughceased 06/04/2016· significant influence

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
Incorporated2012-04-05
Jurisdictionengland-wales
Primary SIC93199 — Other sports activities

Registered office

17 Walkergate
Berwick Upon Tweed
Northumberland
TD15 1DJ
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-19OVERDUE
Last: 2025-04-05

Officers (3 active · 0 resigned)

WAUGH, Arnold Frazer
director · ~78y · appointed 2012-04-05
View their other companies + combined net worth →
Active
WAUGH, Kathryn
director · ~47y · appointed 2012-04-05
View their other companies + combined net worth →
Active
WAUGH, Valerie
director · ~73y · appointed 2012-04-05
View their other companies + combined net worth →
Active

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

Recent filings (43 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-10
change-person-director-company-with-change-date
officers · CH01
2024-05-10
change-person-director-company-with-change-date
officers · CH01
2024-05-09
change-person-director-company-with-change-date
officers · CH01
2024-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
gazette-filings-brought-up-to-date
gazette · DISS40
2023-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-28