HEATHER SPRIG LIMITED
💤Zombieactive
SC107594 · ltd · incorporated 1987-11-13
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
74/100
Strong
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
9 live charges · 3 lenders · oldest 37.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)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
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2025-09-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-01-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-09-14📄gazette-notice-compulsorygazette · GAZ1
- 2021-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-10-21📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-10-20📄gazette-notice-compulsorygazette · GAZ1
- 2020-04-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-18📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-09-17📄gazette-notice-compulsorygazette · GAZ1
- 2018-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-20📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-06-26➖CHISHOLM, Euan Charles resignedsecretary
- 2005-09-16➖SUTHERLAND, Grant resigneddirector
- 2000-03-09➖PHIMISTER, William resigneddirector
- 2000-01-31🔓Charge satisfied #3
- 1999-12-15🔒Charge registered #8Lender: The Governor and Company of the Bank of Scotland
- 1999-12-15🔓Charge satisfied #7
- 1999-12-15🔓Charge satisfied #6
- 1999-12-15🔓Charge satisfied #5
- 1999-12-15🔓Charge satisfied #4
- 1999-12-15🔓Charge satisfied #2
- 1999-12-15🔓Charge satisfied #1
- 1999-12-14🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland
- 1999-03-23➕SMITH, John appointeddirector
- 1999-03-23➖SMITH, John resigneddirector
- 1999-03-23➕SUTHERLAND, Grant appointeddirector
- 1989-03-30🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 1989-03-09🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 1988-09-23🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 1988-09-23🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1988-09-20🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1988-09-20🔒Charge registered #2Lender: The Secretary of State for Trade & Industry
- 1988-09-20🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1987-11-13🏢Company incorporatedAs HEATHER SPRIG LIMITED
Owner dependency
85/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John Smith Individual · British · DOB 12/1973 · age 53 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Lynn Marie Smith Individual · British · DOB 08/1977 · age 49 | 25–50% | — | 25-50% shares | 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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FYVIE ESTATE MANAGEMENT COMPANY LIMITED→ SC052080 · est 1972 · no financials extracted | — | — | — | — | 53y | — | — |
| GRAMPIAN AGRICULTURAL SERVICES LTD.→ SC294646 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GROUND BOUND LTD→ SC853435 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HAPPY HOG LTD→ SC713332 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| IAN G DONALD (POTATOES) LTD→ SC331783 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| IAN GATT LTD.→ SC245405 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| IAN R MACKIE LTD.→ SC242421 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| IAN RITCHIE (FISHING) LIMITED→ SC297427 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| INICIO-FRESCO LIMITED→ SC447307 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| INNES FARMS LIMITED→ SC438543 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| INVERQUHOMERY FARM LIMITED→ SC157211 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| INVERUGIE MAINS LIMITED→ SC028009 · est 1950 · no financials extracted | — | — | — | — | 75y | — | — |
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
Incorporated1987-11-13
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
26-30 Marine Place
Buckie
AB56 1UT
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-11
Last: 2025-06-27
Officers (1 active · 4 resigned)
Active
CHISHOLM, Euan Charles→
Resignedsecretary · resigned 2017-06-26
PHIMISTER, William→
Resigneddirector · ~77y · resigned 2000-03-09
SMITH, John→
Resigneddirector · ~82y · resigned 1999-03-23
SUTHERLAND, Grant→
Resigneddirector · ~57y · appointed 1999-03-23 · resigned 2005-09-16
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
2
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Ship mortgage | 1 property | 15/12/1999 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 14/12/1999 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Mortgage | 1 property | 30/03/1989 | 15/12/1999 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 09/03/1989 | 15/12/1999 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Deed of covenant | 1 property | 23/09/1988 | 15/12/1999 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | First priority statutory mortgage | 1 property | 23/09/1988 | 15/12/1999 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Delivery order | 1 property | 20/09/1988 | 31/01/2000 | |
| satisfied | The Secretary of State for Trade & Industry | Shipowners agreement | 1 property | 20/09/1988 | 15/12/1999 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & assignation in security | 1 property | 20/09/1988 | 15/12/1999 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (120 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-27
gazette-filings-brought-up-to-date
gazette · DISS40
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-20
gazette-notice-compulsory
gazette · GAZ1
2021-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-30
gazette-filings-brought-up-to-date
gazette · DISS40
2020-10-21
gazette-notice-compulsory
gazette · GAZ1
2020-10-20