HIGHLAND SALMON COMPANY LIMITED

💤Zombieactive
SC163416 · ltd · incorporated 1996-02-15
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
—
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Turnover
—
year to Apr 2025
Net worth
£174.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 26.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 26.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
84 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £174,250
Net assets shrinking
Down £1,370 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£174k
~ YoY
Current Assets
£399k
↑ 25% YoY
Current Liabilities
—
£0£80k£159k£239k£319k£399kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£189.7k£193.8k
Current assets£398.6k£318.5k
Net assets£174.3k£175.6k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-04-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-10-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-09-10
    📄
    capital-name-of-class-of-shares
    capital · SH08
  10. 2018-09-10
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2017-09-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2016-10-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-03-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-10-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-02-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2002-03-31
    ➕
    MARWICK, Angela Catherine appointed
    secretary
  17. 2002-03-31
    ➖
    GARDINER, Helen Ishbel resigned
    secretary
  18. 1999-07-20
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  19. 1997-01-17
    ➕
    GARDINER, Robert Ian appointed
    director
  20. 1997-01-17
    ➕
    GARDINER, Helen Ishbel appointed
    secretary
  21. 1996-02-15
    🏢
    Company incorporated
    As HIGHLAND SALMON COMPANY LIMITED
  22. 1996-02-15
    ➕
    REID, Brian appointed
    nominee-secretary
  23. 1996-02-15
    ➖
    REID, Brian resigned
    nominee-secretary
  24. 1996-02-15
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  25. 1996-02-15
    ➖
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Robert Ian Gardiner
Individual · British · DOB 11/1966 · age 60
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Angela Catherine Marwick
Individual · British · DOB 03/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Agriculture · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—69y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—25y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10049y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y8371y
ACHLAIN ESTATES LIMITED→
SC138631 · est 1992
———20033y8267y
BRAHAN FARMS LIMITED→
SC048495 · est 1971
———40055y8284y
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
Incorporated1996-02-15
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

New House
Ardchronie
Ardgay
IV24 3DJ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28

Officers (2 active · 3 resigned)

MARWICK, Angela Catherine→
secretary · appointed 2002-03-31
View their other companies + combined net worth →
Active
GARDINER, Robert Ian→
director · ~60y · appointed 1997-01-17
View their other companies + combined net worth →
Active
GARDINER, Helen Ishbel→
secretary · appointed 1997-01-17 · resigned 2002-03-31
Resigned
REID, Brian→
nominee-secretary · appointed 1996-02-15 · resigned 1996-02-15
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1996-02-15 · resigned 1996-02-15
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property20/07/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2019-02-13