R.G. BAIN LIMITED

🌳Matureactive

SC032301 · ltd · incorporated 1957-05-21

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 01500

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 63.1y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 63.1 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

8 officers (4 active, 8 linked, 5 with DOB)

Ownership & PSC

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

Director network

6 connected companies via shared directors

Filing history

94 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

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.

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	2025-05-31	2024-05-31
Average employees	400	400

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-02-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-02-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-08-09
➖
BAIN, Elizabeth Ann resigned
director
2007-03-02
➕
BAIN, Fiona Mary appointed
secretary
2007-03-02
➕
BAIN, Fiona Mary appointed
director
2007-03-02
➖
BAIN, Elizabeth Ann resigned
secretary
1994-05-09
🔓
Charge satisfied #5
1992-11-05
🔒
Charge registered #7
Lender: The Governor and Company of the Bank of Scotland
1992-10-26
🔒
Charge registered #6
Lender: Caledonian Insurance Company as Trustees for the Scottish Agricultural Securities Corporationp.L.C.
1992-10-26
🔒
Charge registered #5
Lender: The Scottish Agricultural Securities Corporation Plcas Trustees
1992-10-16
🔓
Charge satisfied #3
1992-10-16
🔓
Charge satisfied #2
1992-01-01
➕
BAIN, Robert Alexander appointed
director
1991-11-06
➖
BICHAN, Anne Margaret resigned
director
1990-02-19
➕
BAIN, Magnus Robertson appointed
director
1990-02-12
➖
BAIN, Elizabeth Ann resigned
secretary
1981-09-22
🔒
Charge registered #3
Lender: H I D B
1974-02-01
🔒
Charge registered #2
Lender: The Highlands & Islands Development Board Bridge House, Bank Street, Inverness
1963-03-16
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1957-05-21
🏢
Company incorporated
As R.G. BAIN LIMITED
1936-12-08
➕
BAIN, Elizabeth Ann appointed
director

Owner dependency

91/100

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

+Founder name in company name: Company name contains director surname "BAIN" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 69 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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Magnus Robertson Bain Individual · Scottish · DOB 05/1968 · age 58	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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

Active · Agriculture · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J & W TAIT LIMITED→ SC030430 · est 1954 · no financials extracted	—	—	—	—	71y	—	—
J STEVENSON & SON LIMITED→ SC420824 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
M MACKENZIE SERVICES LTD→ SC860867 · est 2025 · no financials extracted	—	—	—	—	—	—	—
MILLENNIUM (ORKNEY) LTD→ SC466065 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
ORKNEY SHELLFISH LIMITED→ SC138531 · est 1992 · no financials extracted	—	—	—	—	33y	—	—
REVELRY LIMITED→ SC412089 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ROWANPOINT LIMITED→ SC572720 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
S & I GLACKIN→ SC487755 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
S & J D ROBERTSON GROUP LIMITED→ SC070455 · est 1980 · no financials extracted	—	—	—	—	46y	—	—
S W PATERSON & CO. LIMITED→ SC250073 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
SCOTT NORQUOY INSHORE FISHING LTD→ SC585668 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
SEA CHANCE LIMITED→ SC706337 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1957-05-21

Jurisdictionscotland

Primary SIC01500 — SIC 01500

Registered office

Hall Of Tankerness

Tankerness

Orkney

KW17 2QS

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-01-26

Last: 2026-01-12

Officers (4 active · 4 resigned)

BAIN, Fiona Mary→

secretary · appointed 2007-03-02

View their other companies + combined net worth →

Active

BAIN, Fiona Mary→

director · ~58y · appointed 2007-03-02

View their other companies + combined net worth →

Active

BAIN, Magnus Robertson→

director · ~58y · appointed 1990-02-19

View their other companies + combined net worth →

Active

BAIN, Robert Alexander→

director · ~61y · appointed 1992-01-01

View their other companies + combined net worth →

Active

BAIN, Elizabeth Ann→

secretary · resigned 2007-03-02

Resigned

BAIN, Elizabeth Ann→

secretary · resigned 1990-02-12

Resigned

BAIN, Elizabeth Ann→

director · ~88y · appointed 1936-12-08 · resigned 2007-08-09

Resigned

BICHAN, Anne Margaret→

director · ~89y · resigned 1991-11-06

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:6 of 6 shown

		Type	Properties
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	05/11/1992	—
outstanding	Caledonian Insurance Company as Trustees for the Scottish Agricultural Securities Corporationp.L.C.	Standard security	1 property	26/10/1992	—
satisfied	The Scottish Agricultural Securities Corporation Plcas Trustees	Standard security	1 property	26/10/1992	09/05/1994
satisfied	H I D B	Standard security	1 property	22/09/1981	16/10/1992
satisfied	The Highlands & Islands Development Board Bridge House, Bank Street, Inverness	G.R.S. orkney and zetland standard security	1 property	01/02/1974	16/10/1992
outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Ex facie absolute disposition and relative explanatory letter	1 property	16/03/1963	—

Click column headers to sort. Use filters above to narrow by status and lender.