BARNKIRK LTD

🌳Matureactive
SC477224 · ltd · incorporated 2014-05-09
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
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Turnover
year to May 2025
Net worth
£120.6k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 02200
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 32990Other manufacturing n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -96% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 2.4y

10/100
under pressure

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

  • · Newest facility, 2.4 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £120,636
Cash draining
Cash down 96% YoY
Cash YoY
-96%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£260
↓ 96% YoY
Net Worth
£121k
↑ 29% YoY
Current Assets
£53k
↓ 11% YoY
Current Liabilities
£0£24k£48k£72k£97k£121kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£255.9k£255.5k
Current assets£52.7k£59.5k
Cash£260£6.7k
Debtors£17.0k£18.8k
Net assets£120.6k£93.5k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-12-18
    🔒
    Charge registered #2
    Lender: Together Commercial Finance Limited
  6. 2023-12-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-12-01
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  8. 2023-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-01-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-01-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-01-14
    STEWART, Simon resigned
    director
  12. 2022-11-02
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  13. 2022-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2022-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2022-06-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2022-06-01
    STEWART, Andrew Jack appointed
    director
  17. 2022-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2020-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2018-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2014-12-31
    STEWART, Donna Angela appointed
    secretary
  23. 2014-05-09
    🏢
    Company incorporated
    As BARNKIRK LTD
  24. 2014-05-09
    STEWART, Donna Angela appointed
    director
  25. 2014-05-09
    STEWART, Simon appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

41/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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
Mr Andrew Jack Stewart
Individual · British · DOB 11/2000 · age 26
2550%
25–50%25-50% shares · 25-50% voting01/06/2022
Mrs Donna Angela Stewart
Individual · British · DOB 02/1974 · age 52
2550%
25–50%25-50% shares · 25-50% voting09/05/2016
1 historic (ceased) PSC
  • Mr Simon Stewartceased 01/01/2023· significant influence

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2014-05-09
Jurisdictionscotland
Primary SIC02200 — SIC 02200

Registered office

The Old Rectory
Challoch
Newton Stewart
Wigtownshire
DG8 6RB

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09

Officers (3 active · 1 resigned)

STEWART, Donna Angela
secretary · appointed 2014-12-31
View their other companies + combined net worth →
Active
STEWART, Andrew Jack
director · ~26y · appointed 2022-06-01
View their other companies + combined net worth →
Active
STEWART, Donna Angela
director · ~52y · appointed 2014-05-09
View their other companies + combined net worth →
Active
STEWART, Simon
director · ~57y · appointed 2014-05-09 · resigned 2023-01-14
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property18/12/2023
outstanding
Together Money
Together Commercial Finance Limited
A registered charge01/12/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (32 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-27
termination-director-company-with-name-termination-date
officers · TM01
2023-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-27
certificate-change-of-name-company
change-of-name · CERTNM
2022-11-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-11-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-11-02
appoint-person-director-company-with-name-date
officers · AP01
2022-06-07