MELSETTER FARMS LTD

🏛️Establishedactive
SC668382 · ltd · incorporated 2020-07-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
year to Jul 2024
Net worth
£290.7k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

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

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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
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 · accounting standard not declared
Positive net assets
Net assets £290,703
Cash YoY
-14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£94k
↓ 14% YoY
Net Worth
£291k
↑ 49% YoY
Current Assets
£270k
↓ 4.7% YoY
Current Liabilities
£0£58k£116k£174k£233k£291kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-07-312023-07-31
Total assets£290.7k£371.0k
Current assets£269.5k£282.9k
Cash£93.9k£109.0k
Debtors£24.0k£27.8k
Net assets£290.7k£195.8k

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 (11 events)Click to expand
  1. 2025-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-04-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-07-22
    🏢
    Company incorporated
    As MELSETTER FARMS LTD
  8. 2020-07-22
    SEATTER, Harvey Flett appointed
    director
  9. 2020-07-22
    SEATTER, Hugh Robert appointed
    director
  10. 2020-07-22
    SEATTER, Rosanna Ivy, Dr appointed
    director
  11. 2020-07-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.

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 Hugh Robert Seatter
Individual · British · DOB 05/1956 · age 70
2550%
25–50%25-50% shares · 25-50% voting22/07/2020
Mr Harvey Flett Seatter
Individual · British · DOB 03/1989 · age 37
2550%
25–50%25-50% shares · 25-50% voting22/07/2020

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
Incorporated2020-07-22
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Melsetter Farm
Melsetter
Stromness
Orkney
KW16 3NZ
United Kingdom

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-04
Last: 2025-07-21

Officers (3 active · 0 resigned)

SEATTER, Harvey Flett
director · ~37y · appointed 2020-07-22
View their other companies + combined net worth →
Active
SEATTER, Hugh Robert
director · ~70y · appointed 2020-07-22
View their other companies + combined net worth →
Active
SEATTER, Rosanna Ivy, Dr
director · ~35y · appointed 2020-07-22
View their other companies + combined net worth →
Active

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

Recent filings (12 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-29
change-person-director-company-with-change-date
officers · CH01
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
change-person-director-company-with-change-date
officers · CH01
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-09
incorporation-company
incorporation · NEWINC
2020-07-22