BALCATHIE FARMS LIMITED

💤Zombieactive
SC076306 · ltd · incorporated 1981-10-16
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 Mar 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 78). 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 (76/100)

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 (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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
1
filing
  • 1 officers
Last 90 days
1
filing
  • 1 officers
Last 180 days
1
filing
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-03-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-07-06
    HENDERSON, James Gordon resigned
    director
  4. 2025-04-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-04-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-11-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-09-13
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  16. 1981-10-16
    🏢
    Company incorporated
    As BALCATHIE FARMS LIMITED

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

85/100
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.
  • secondaryStable-but-static management: Company is 45 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Gordon Henderson
Individual · British · DOB 04/1948 · age 78
75100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Anne Maxwell Hendersonceased 15/11/2024· 25-50% shares · 25-50% voting

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

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
Incorporated1981-10-16
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Balcathie Farm
By Arbroath
Angus
DD11 2PD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-28
Last: 2025-04-14

Officers (2 active · 1 resigned)

HENDERSON, Anne Maxwell
secretary
View their other companies + combined net worth →
Active
HENDERSON, Anne Maxwell
director · ~78y
View their other companies + combined net worth →
Active
HENDERSON, James Gordon
director · ~78y · resigned 2025-07-06
Resigned

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

Recent filings (88 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-24