G.F. FARQUHAR (ESTATES) LIMITED

🌳Matureactive
SC192545 · ltd · incorporated 1999-01-14
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£304.4k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 41100Development of building projects
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 57/100. 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: strategic trade sale (63/100).

🏦

Refinance opportunity

8 live charges · 3 lenders · oldest 27.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 27.2 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: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £304,376
Net assets shrinking
Down £6,660 YoY
Cash YoY
-10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 10% YoY
Net Worth
£304k
↓ 2.1% YoY
Current Assets
£138k
↑ 2.1% YoY
Current Liabilities
—
£0£62k£124k£187k£249k£311kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£304.4k£311.0k
Current assets£137.8k£135.0k
Cash£2.6k£2.9k
Debtors£40.5k£40.3k
Net assets£304.4k£311.0k

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 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-01-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-06-07
    🔓
    Charge satisfied #7
  10. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-10-28
    ➕
    LC SECRETARIES LIMITED appointed
    corporate-secretary
  13. 2019-10-28
    ➖
    LEDINGHAM CHALMERS LLP resigned
    corporate-secretary
  14. 2019-10-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2019-10-28
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  16. 2019-10-25
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2018-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2008-12-22
    🔒
    Charge registered #11
    Lender: Royal Bank of Scotland PLC
  20. 2008-06-28
    ➕
    ERSKINE, James appointed
    director
  21. 2007-03-19
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  22. 2006-04-01
    ➖
    LEDINGHAM CHALMERS resigned
    corporate-nominee-secretary
  23. 2006-04-01
    ➕
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  24. 2005-06-28
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  25. 2005-06-28
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  26. 2005-05-23
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  27. 1999-06-15
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  28. 1999-06-08
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  29. 1999-02-24
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  30. 1999-01-25
    ➕
    FARQUHAR, Gavin appointed
    director
  31. 1999-01-25
    ➖
    DURANO LIMITED resigned
    corporate-nominee-director
  32. 1999-01-14
    🏢
    Company incorporated
    As G.F. FARQUHAR (ESTATES) LIMITED
  33. 1999-01-14
    ➕
    LEDINGHAM CHALMERS appointed
    corporate-nominee-secretary
  34. 1999-01-14
    ➕
    DURANO LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +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 "FARQUHAR" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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 low
7 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gavin Farquhar
Individual · British · DOB 02/1970 · age 56
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated1999-01-14
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-07-23
Last: 2025-07-09

Officers (3 active · 3 resigned)

LC SECRETARIES LIMITED→
corporate-secretary · appointed 2019-10-28
View their other companies + combined net worth →
Active
ERSKINE, James→
director · ~44y · appointed 2008-06-28
View their other companies + combined net worth →
Active
FARQUHAR, Gavin→
director · ~56y · appointed 1999-01-25
View their other companies + combined net worth →
Active
LEDINGHAM CHALMERS→
corporate-nominee-secretary · appointed 1999-01-14 · resigned 2006-04-01
Resigned
LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 2006-04-01 · resigned 2019-10-28
Resigned
DURANO LIMITED→
corporate-nominee-director · appointed 1999-01-14 · resigned 1999-01-25
Resigned

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

Mortgages & charges

8
Total charges
7
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property22/12/2008—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/03/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/06/2005—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/06/2005—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/05/200507/06/2021
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property15/06/1999—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property08/06/1999—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property24/02/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (86 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-09
change-person-director-company-with-change-date
officers · CH01
2024-02-19
change-person-director-company-with-change-date
officers · CH01
2024-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-09
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-02
mortgage-satisfy-charge-full
mortgage · MR04
2021-06-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-14