KIC (HOLDINGS) LIMITED
🌳Matureactive
SC198237 · ltd · incorporated 1999-07-20
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 Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 86-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 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 · 4 lenders · oldest 26.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 26.2 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 6 with DOB)
81
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 0 | 0 |
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 (48 events)Click to expand
- 2025-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2025-09-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-09-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-09-01➕SINCLAIR, Carol-Ann appointedsecretary
- 2025-09-01➖COULL, Garry Alexander resignedsecretary
- 2025-08-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-11🔓Charge satisfied #4
- 2024-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2023-09-30📄accounts-with-accounts-type-smallaccounts · AA
- 2023-02-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-02-14🔓Charge satisfied #5
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-03-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-01-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-01-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-12-20➕COULL, Garry Alexander appointedsecretary
- 2021-12-20➖SAVILLS (UK) LIMITED resignedcorporate-secretary
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-11📄change-person-director-company-with-change-dateofficers · CH01
- 2020-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-17➖MURRAY, Edward Strachan resigneddirector
- 2017-03-01🔒Charge registered #5Lender: The Agricultural Mortgage Corporation PLC
- 2016-08-29🔒Charge registered #4Lender: Poppies Pre-School Limited
- 2016-04-28🔓Charge satisfied #3
- 2016-03-05🔓Charge satisfied #2
- 2010-11-04🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2010-10-27🔒Charge registered #2Lender: Clydesdale Bank PLC
- 2010-03-09➕MORRISON, Jamie Walker Stanley Pringle appointeddirector
- 2010-03-09➕MORRISON, William Brian appointeddirector
- 2009-09-07➖CAMERON, William Donald Bruce resigneddirector
- 2009-04-04🔓Charge satisfied #1
- 2000-02-28➖CARNEGIE, Ivan James Grant resigneddirector
- 2000-01-28🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2000-01-10➕MORRISON, Kathleen Barbara Murdoch Henrietta Clifford appointeddirector
- 2000-01-10➕MURRAY, Edward Strachan appointeddirector
- 1999-12-24➖MESSRS THORNTONS WS resignedcorporate-nominee-secretary
- 1999-12-24➕SAVILLS (UK) LIMITED appointedcorporate-secretary
- 1999-12-24➕CAMERON, William Donald Bruce appointeddirector
- 1999-12-24➕CARNEGIE, Ivan James Grant appointeddirector
- 1999-12-24➖HUTCHESON, Iain Henderson resignednominee-director
- 1999-07-20🏢Company incorporatedAs KIC (HOLDINGS) LIMITED
- 1999-07-20➕MESSRS THORNTONS WS appointedcorporate-nominee-secretary
- 1999-07-20➕HUTCHESON, Iain Henderson appointednominee-director
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 86 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
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 86 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- 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.
Group structure
Kincardine Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Kincardine Limited
Corporate parent · holds 75-100% shares · board control
⬇
KIC (HOLDINGS) LIMITED
This company · SC198237
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Kincardine Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 28/11/2021 |
3 historic (ceased) PSCs
- Mrs Kathleen Barbara Murdoch Henrietta Clifford Morrisonceased 28/11/2021· 25-50% shares
- Mr Jamie Walker Stanley Pringle Morrisonceased 28/11/2021· 25-50% shares
- Mr Brian William Morrisonceased 28/11/2021· 25-50% shares
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 · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HARRIS FARMS LTD→ SC316616 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| HENDRY RAMSAY WATERS (WORLDWIDE) LIMITED→ SC240062 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| HEPBURN GROUP LTD→ SC737366 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| J A C GRIERSON LIMITED→ SC295027 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| J.& E.SMILLIE (GROWERS) LIMITED→ SC061860 · est 1977 · no financials extracted | — | — | — | — | 49y | — | — |
| K TREES LIMITED→ SC638893 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| KINLOCHEIL SPORTINGS→ SC198621 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| KINNEAR FISHING LTD.→ SC169238 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| KNOYDART FARM CIC→ SC766376 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KNOYDART TREE NURSERY CIC→ SC749595 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LANDFOR LAND & FORESTRY LTD→ SC720047 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| LANDFOR LIMITED→ SC646818 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1999-07-20
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds
Registered office
Kincardine House
Aberargie
Perth
PH2 9LX
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-03
Last: 2025-07-20
Officers (4 active · 7 resigned)
SINCLAIR, Carol-Ann→
Activesecretary · appointed 2025-09-01
View their other companies + combined net worth →
MORRISON, Jamie Walker Stanley Pringle→
Activedirector · ~53y · appointed 2010-03-09
View their other companies + combined net worth →
MORRISON, Kathleen Barbara Murdoch Henrietta Clifford→
Activedirector · ~86y · appointed 2000-01-10
View their other companies + combined net worth →
MORRISON, William Brian→
Activedirector · ~82y · appointed 2010-03-09
View their other companies + combined net worth →
COULL, Garry Alexander→
Resignedsecretary · appointed 2021-12-20 · resigned 2025-09-01
MESSRS THORNTONS WS→
Resignedcorporate-nominee-secretary · appointed 1999-07-20 · resigned 1999-12-24
SAVILLS (UK) LIMITED→
Resignedcorporate-secretary · appointed 1999-12-24 · resigned 2021-12-20
CAMERON, William Donald Bruce→
Resigneddirector · ~95y · appointed 1999-12-24 · resigned 2009-09-07
CARNEGIE, Ivan James Grant→
Resigneddirector · ~88y · appointed 1999-12-24 · resigned 2000-02-28
HUTCHESON, Iain Henderson→
Resignednominee-director · appointed 1999-07-20 · resigned 1999-12-24
MURRAY, Edward Strachan→
Resigneddirector · ~73y · appointed 2000-01-10 · resigned 2017-03-17
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | The Agricultural Mortgage Corporation The Agricultural Mortgage Corporation PLC | A registered charge | 1 property | 01/03/2017 | 14/02/2023 | |
| satisfied | Poppies Pre-School Poppies Pre-School Limited | A registered charge | 1 property | 29/08/2016 | 11/08/2025 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 04/11/2010 | 28/04/2016 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 27/10/2010 | 05/03/2016 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/01/2000 | 04/04/2009 |
Recent filings (106 total)
accounts-with-accounts-type-small
accounts · AA
2025-09-26
appoint-person-secretary-company-with-name-date
officers · AP03
2025-09-09
termination-secretary-company-with-name-termination-date
officers · TM02
2025-09-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-29
accounts-with-accounts-type-small
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-20
accounts-with-accounts-type-small
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
mortgage-satisfy-charge-full
mortgage · MR04
2023-02-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-03-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-21