FAREWELL FARMS LTD

🌳Matureactive
SC325263 · ltd · incorporated 2007-06-11
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£10.9k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 01420
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £10,859
Net assets shrinking
Down £1,428 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£11k
↓ 12% YoY
Current Assets
£11k
Current Liabilities
—
£0£2k£5k£7k£10k£12kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-11-302023-11-30
Total assets£10.9k£12.3k
Current assets£10.9k—
Debtors—£12.3k
Net assets£10.9k£12.3k

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 (24 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-05-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2019-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-08-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2017-07-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-07-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2016-07-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-07-08
    📄
    annual-return-company-with-made-up-date
    annual-return · AR01
  13. 2015-07-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2015-07-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2015-06-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-11-30
    ➖
    SEATTER, Ingrid May resigned
    director
  17. 2014-11-30
    ➖
    SEATTER, Katrina resigned
    director
  18. 2014-08-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2007-06-11
    🏢
    Company incorporated
    As FAREWELL FARMS LTD
  20. 2007-06-11
    ➕
    SEATTER, Anne Louise appointed
    secretary
  21. 2007-06-11
    ➕
    SEATTER, Anne Louise appointed
    director
  22. 2007-06-11
    ➕
    SEATTER, James appointed
    director
  23. 2007-06-11
    ➕
    SEATTER, Ingrid May appointed
    director
  24. 2007-06-11
    ➕
    SEATTER, Katrina appointed
    director

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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
Mrs Anne Louise Seatter
Individual · British · DOB 04/1958 · age 68
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr James Seatter
Individual · British · DOB 10/1955 · age 71
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.

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————11y——
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———————
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————1y——
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———————
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SC343177 · est 2008 · no financials extracted
————17y——
MBT ENGINEERING AND FABRICATION LTD→
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————13y——
MELSETTER FARMS LTD→
SC668382 · est 2020 · no financials extracted
————5y——
MILLENNIUM (ORKNEY) LTD→
SC466065 · est 2013 · no financials extracted
————12y——
MILLER FISHING CO LTD→
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———————
MUNRO FISHING COMPANY LTD→
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————8y——
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
Incorporated2007-06-11
Jurisdictionscotland
Primary SIC01420 — SIC 01420

Registered office

Farewell
St Margaret's Hope
Orkney
KW17 2TW

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-25
Last: 2025-06-11

Officers (3 active · 2 resigned)

SEATTER, Anne Louise→
secretary · appointed 2007-06-11
View their other companies + combined net worth →
Active
SEATTER, Anne Louise→
director · ~68y · appointed 2007-06-11
View their other companies + combined net worth →
Active
SEATTER, James→
director · ~71y · appointed 2007-06-11
View their other companies + combined net worth →
Active
SEATTER, Ingrid May→
director · ~42y · appointed 2007-06-11 · resigned 2014-11-30
Resigned
SEATTER, Katrina→
director · ~39y · appointed 2007-06-11 · resigned 2014-11-30
Resigned

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

Recent filings (43 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-08-31