INNES FARMS (SCOTLAND) LIMITED

💤Zombieactive
SC243165 · ltd · incorporated 2003-01-30
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
68/100
Strong
🔔
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · oldest 22.9y

45/100
under pressure

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

  • · Oldest live charge is 22.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
13 officers (1 active, 13 linked, 6 with DOB)
79
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
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200200

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
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2026-02-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-08-07
    ➖
    INNES, Norman resigned
    director
  6. 2025-05-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-05-20
    🔓
    Charge satisfied #5
  8. 2024-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-10-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2023-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2023-02-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-11-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2021-11-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2021-01-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2020-10-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-11-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2019-11-04
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  18. 2019-10-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2019-08-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2019-08-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2019-08-26
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  22. 2019-08-26
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  23. 2019-08-13
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2019-08-09
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  25. 2016-05-11
    🔓
    Charge satisfied #3
  26. 2014-05-01
    ➕
    INNES, Scott Oliver appointed
    director
  27. 2014-04-10
    ➖
    INNES, Helen resigned
    director
  28. 2014-02-01
    ➖
    INNES, Helen resigned
    secretary
  29. 2012-12-10
    ➕
    INNES, Helen appointed
    director
  30. 2011-01-10
    ➕
    INNES, Helen appointed
    secretary
  31. 2011-01-10
    ➖
    ABERDEENSHIRE PROPERIES LIMTIED resigned
    corporate-secretary
  32. 2011-01-06
    ➕
    INNES, Norman appointed
    director
  33. 2007-05-07
    ➖
    ALDRICK, Malcolm resigned
    director
  34. 2006-12-19
    ➖
    INNES, Helen Elizabeth resigned
    secretary
  35. 2006-12-19
    ➕
    ABERDEENSHIRE PROPERIES LIMTIED appointed
    corporate-secretary
  36. 2006-12-19
    ➕
    ALDRICK, Malcolm appointed
    director
  37. 2006-12-19
    ➖
    INNES, Norman resigned
    director
  38. 2005-12-16
    ➕
    INNES, Helen Elizabeth appointed
    secretary
  39. 2005-12-16
    ➖
    ABERDEENSHIRE PROPERTIES LIMITED resigned
    corporate-secretary
  40. 2005-12-16
    ➖
    ALDRICK, Malcolm resigned
    director
  41. 2005-12-16
    ➕
    INNES, Norman appointed
    director
  42. 2003-08-19
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  43. 2003-08-19
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  44. 2003-08-19
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  45. 2003-06-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  46. 2003-04-23
    ➕
    ABERDEENSHIRE PROPERTIES LIMITED appointed
    corporate-secretary
  47. 2003-04-23
    ➕
    ALDRICK, Malcolm appointed
    director
  48. 2003-01-30
    🏢
    Company incorporated
    As INNES FARMS (SCOTLAND) LIMITED
  49. 2003-01-30
    ➕
    COSEC LIMITED appointed
    corporate-nominee-secretary
  50. 2003-01-30
    ➖
    COSEC LIMITED resigned
    corporate-nominee-secretary
Showing most recent 50 of 54 events

Owner dependency

90/100
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.
  • +Founder name in company name: Company name contains director surname "INNES" — strong identity link between founder and business.

Succession & seller-readiness

60/100
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 23 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 · 1 low
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.

6 live charges
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Scott Oliver Innes
Individual · Scottish · DOB 11/1991 · age 35
50–75%
—50-75% shares05/01/2023
Mr Norman Innes
Individual · British · DOB 10/1943 · age 83
50–75%
—50-75% shares02/01/2017

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

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
Incorporated2003-01-30
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Cairnhill Office
Cairnhill
Huntly
Aberdeenshire
AB54 4RD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-19
Last: 2026-01-05

Officers (1 active · 12 resigned)

INNES, Scott Oliver→
director · ~35y · appointed 2014-05-01
View their other companies + combined net worth →
Active
INNES, Helen→
secretary · appointed 2011-01-10 · resigned 2014-02-01
Resigned
INNES, Helen Elizabeth→
secretary · appointed 2005-12-16 · resigned 2006-12-19
Resigned
ABERDEENSHIRE PROPERIES LIMTIED→
corporate-secretary · appointed 2006-12-19 · resigned 2011-01-10
Resigned
ABERDEENSHIRE PROPERTIES LIMITED→
corporate-secretary · appointed 2003-04-23 · resigned 2005-12-16
Resigned
COSEC LIMITED→
corporate-nominee-secretary · appointed 2003-01-30 · resigned 2003-01-30
Resigned
ALDRICK, Malcolm→
director · ~76y · appointed 2006-12-19 · resigned 2007-05-07
Resigned
ALDRICK, Malcolm→
director · ~76y · appointed 2003-04-23 · resigned 2005-12-16
Resigned
INNES, Helen→
director · ~69y · appointed 2012-12-10 · resigned 2014-04-10
Resigned
INNES, Norman→
director · ~79y · appointed 2011-01-06 · resigned 2025-08-07
Resigned
INNES, Norman→
director · ~79y · appointed 2005-12-16 · resigned 2006-12-19
Resigned
CODIR LIMITED→
corporate-nominee-director · appointed 2003-01-30 · resigned 2003-01-30
Resigned
COSEC LIMITED→
corporate-nominee-director · appointed 2003-01-30 · resigned 2003-01-30
Resigned

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

Mortgages & charges

8
Total charges
6
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property04/11/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property26/08/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property26/08/2019—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—09/08/201920/05/2025
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/08/2003—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/08/200311/05/2016
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/08/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property12/06/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-15
change-account-reference-date-company-previous-extended
accounts · AA01
2024-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-31
change-person-director-company-with-change-date
officers · CH01
2023-02-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-05