PITLOCHIE FARMING COMPANY LIMITED

💤Zombieactive

SC182796 · ltd · incorporated 1998-02-09

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

73/100

Strong

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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 73/100 (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

6 live charges · 3 lenders · oldest 17.3y

15/100

under pressure

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

· Oldest live charge is 17.3 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

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

Directors & officers

8 officers (1 active, 8 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

93 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

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 · accounting standard unknown

Metric	2025-03-31	2024-03-31
Average employees	600	600

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

🔒Filing-note intelligence

3 signals 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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (43 events)Click to expand

2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
📄
change-person-director-company-with-change-date
officers · CH01
2020-03-30
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-03-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-03-24
📄
capital-cancellation-shares
capital · SH06
2020-03-24
📄
capital-return-purchase-own-shares
capital · SH03
2020-03-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-03-19
📄
resolution
resolution · RESOLUTIONS
2020-03-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-03-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-03-13
🔒
Charge registered #6
Lender: Hsbc UK Bank PLC
2020-03-09
➖
ORR, Euphemia Prentice resigned
secretary
2020-03-09
➖
ORR, Euphemia Prentice resigned
director
2020-03-09
➖
ORR, George Jack resigned
director
2020-03-09
🔒
Charge registered #5
Lender: Hsbc UK Bank PLC
2017-02-13
➕
ORR, James Robert appointed
director
2017-02-13
➖
ORR, Jane Jack resigned
director
2017-02-10
🔓
Charge satisfied #3
2017-02-10
🔓
Charge satisfied #2
2017-02-10
🔓
Charge satisfied #1
2017-02-09
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2016-02-10
➖
ORR, James Robert resigned
director
2013-02-12
➕
ORR, James Robert appointed
director
2013-02-12
➕
ORR, Jane Jack appointed
director
2009-01-09
🔒
Charge registered #3
Lender: Lloyds Tsb Scotland PLC
2009-01-09
🔒
Charge registered #2
Lender: Lloyds Tsb Scotland PLC
2009-01-09
🔒
Charge registered #1
Lender: Lloyds Tsb Scotland PLC
1998-02-09
🏢
Company incorporated
As PITLOCHIE FARMING COMPANY LIMITED
1998-02-09
➕
ORR, Euphemia Prentice appointed
secretary
1998-02-09
➕
REID, Brian appointed
nominee-secretary
1998-02-09
➖
REID, Brian resigned
nominee-secretary
1998-02-09
➕
MABBOTT, Stephen appointed
nominee-director
1998-02-09
➖
MABBOTT, Stephen resigned
nominee-director
1998-02-09
➕
ORR, Euphemia Prentice appointed
director
1998-02-09
➕
ORR, George Jack appointed
director

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 28 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 James Robert Orr Individual · British · DOB 08/1992 · age 34	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	22/03/2017

2 historic (ceased) PSCs

Mr George Jack Orrceased 09/03/2020· 25-50% shares · 25-50% voting
Mrs Euphemia Prentice Orrceased 22/03/2017· 25-50% shares · 25-50% voting · board control

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

Similar companies

Active · Agriculture · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
S.M. BAYNE & COMPANY LIMITED→ SC030423 · est 1954	£6.62M £5.10M–£8.15M	—	—	963	71y	84	86y
BANDIRRAN FARM LIMITED→ SC341982 · est 2008	—	—	—	900	17y	83	77y
CAVELSTONE FARM LIMITED→ SC165832 · est 1996	—	—	—	400	29y	83	81y
CROSSGATES COMMUNITY WOODLAND→ SC273799 · est 2004 · no financials extracted	—	—	—	—	21y	83	80y
CYGNET PEP LIMITED→ SC061872 · est 1977	—	—	£990.4k	—	49y	83	62y
CYGNET POTATO BREEDERS LTD.→ SC176353 · est 1997	—	—	—	8	28y	83	66y
EDENWOOD FARMS LIMITED→ SC191248 · est 1998	—	—	—	5	27y	83	62y
FIFE CROPS LIMITED→ SC158672 · est 1995	—	—	£606.9k	—	30y	83	74y
GENTECH PROPAGATION LTD.→ SC112851 · est 1988	—	—	—	0	37y	83	62y
A. & J. SHEDDEN LIMITED→ SC039579 · est 1963	—	—	—	600	62y	82	69y
BALMULE HUTS LTD→ SC198049 · est 1999	—	—	£26.0k	—	26y	82	80y
BONDE (CHARLETON) FARMS LIMITED→ SC045534 · est 1968	—	—	—	200	58y	82	80y

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

Incorporated1998-02-09

Jurisdictionscotland

Primary SIC01500 — SIC 01500

Registered office

Nether Pitlochie Farm

Cupar

Fife

KY14 7SQ

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-10

Last: 2026-03-27

Officers (1 active · 7 resigned)

ORR, James Robert→

director · ~34y · appointed 2017-02-13

View their other companies + combined net worth →

Active

ORR, Euphemia Prentice→

secretary · appointed 1998-02-09 · resigned 2020-03-09

Resigned

REID, Brian→

nominee-secretary · appointed 1998-02-09 · resigned 1998-02-09

Resigned

MABBOTT, Stephen→

nominee-director · ~76y · appointed 1998-02-09 · resigned 1998-02-09

Resigned

ORR, Euphemia Prentice→

director · ~67y · appointed 1998-02-09 · resigned 2020-03-09

Resigned

ORR, George Jack→

director · ~67y · appointed 1998-02-09 · resigned 2020-03-09

Resigned

ORR, James Robert→

director · ~34y · appointed 2013-02-12 · resigned 2016-02-10

Resigned

ORR, Jane Jack→

director · ~38y · appointed 2013-02-12 · resigned 2017-02-13

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	HSBC Hsbc UK Bank PLC	A registered charge	1 property	13/03/2020	—
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	1 property	09/03/2020	—
outstanding	HSBC Hsbc Bank PLC	A registered charge	1 property	09/02/2017	—
satisfied	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	09/01/2009	10/02/2017
satisfied	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	09/01/2009	10/02/2017
satisfied	Lloyds Banking Group Lloyds Tsb Scotland PLC	Standard security	1 property	09/01/2009	10/02/2017

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

Recent filings (93 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-07

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-02

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-29

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-11-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-28

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2022-03-28

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-12-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-03-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-12-22

change-person-director-company-with-change-date

officers · CH01

2020-09-22

confirmation-statement-with-updates

confirmation-statement · CS01

2020-03-30