ERLEND FLETT PLANT HIRE
🌳Matureactive
SC081510 · private-unlimited · incorporated 1983-01-24
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
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 01420
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 01450SIC 01450
Investor take
PursueActive trading company with a 81-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 57/100. Strong seller-intent signal (83/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 43.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 43.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (56/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-11🔓Charge satisfied #1
- 2015-11-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-11-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-11-14📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-11-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-03-30📄appoint-person-director-company-with-nameofficers · AP01
- 2011-03-16➕FLETT, Edwin John appointeddirector
- 2011-03-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-11-25📍change-sail-address-companyaddress · AD02
- 2009-11-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-09📄change-person-director-company-with-change-dateofficers · CH01
- 2008-11-04📄legacyannual-return · 363a
- 2007-12-18📄legacyannual-return · 363s
- 2001-01-31➕FLETT, Edwin John appointedsecretary
- 2001-01-31➖LAUGHTON, Dennis resignedsecretary
- 1989-05-30🔒Charge registered #7Lender: Erlend Mackay Flett and Others as Trustees for and on Behalf of the Erlend Plant Hire (1983) Di
- 1985-11-01🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 1985-07-15🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 1985-04-05🔒Charge registered #2Lender: Erlend Mackay Flett & Others
- 1983-03-16🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1983-01-24🏢Company incorporatedAs ERLEND FLETT PLANT HIRE
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "FLETT" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
89/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 43 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Erlend Mackay Flett Individual · British · DOB 01/1945 · age 81 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Mr Edwin John Flett Individual · British · DOB 10/1969 · age 57 | 25–50% | 25–50% | board control25-50% shares · 25-50% 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 |
|---|---|---|---|---|---|---|---|
| HOW FARMS LIMITED→ SC408740 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ILLUSTRIOUS FISHING LTD.→ SC483437 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| J & W TAIT LIMITED→ SC030430 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| J STEVENSON & SON LIMITED→ SC420824 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| JH SHELLFISH LTD→ SC870660 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KRK FISHING LTD.→ SC822721 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| M MACKENZIE SERVICES LTD→ SC860867 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MAESQUOY FARMS LIMITED→ SC343177 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| MBT ENGINEERING AND FABRICATION LTD→ SC439474 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| MELSETTER FARMS LTD→ SC668382 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| MIDGEY BITES LTD→ SC691837 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MILLENNIUM (ORKNEY) LTD→ SC466065 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Typeprivate-unlimited
Incorporated1983-01-24
Jurisdictionscotland
Primary SIC01420 — SIC 01420
Registered office
Hurtiso
Holm
Orkney
KW17 2PR
Filing status
Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31
Officers (3 active · 1 resigned)
Active
FLETT, Edwin John→
Activedirector · ~57y · appointed 2011-03-16
View their other companies + combined net worth →
Active
LAUGHTON, Dennis→
Resignedsecretary · resigned 2001-01-31
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Erlend Mackay Flett and Others as Trustees for and on Behalf of the Erlend Plant Hire (1983) Di | Standard security | 1 property | 30/05/1989 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 01/11/1985 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 15/07/1985 | — | |
| outstanding | Erlend Mackay Flett & Others | Standard security | 1 property | 05/04/1985 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 16/03/1983 | 11/04/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (56 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2016-11-09
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-12