CUMMING FARMING LTD

🌿Early-stageactive
SC728020 · ltd · incorporated 2022-03-30
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
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Turnover
year to Mar 2025
Net worth
£67.1k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 01420SIC 01420
  • 01450SIC 01450
  • 01500SIC 01500
Investor take
Special-situation opportunity
Distressed agriculture with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 0.2y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 0.2 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 4 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
9 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £67,142
Cash YoY
-6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£34k
↓ 6.4% YoY
Net Worth
£67k
↑ 38% YoY
Current Assets
£187k
↑ 11% YoY
Current Liabilities
£0£37k£75k£112k£149k£187kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£374.2k£48.8k
Current assets£186.8k£169.0k
Cash£33.5k£35.8k
Debtors£5.8k£1.1k
Net assets£67.1k£48.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
1
filing
  • 1 mortgage
Last 90 days
3
filings
  • 2 mortgage
  • 1 accounts
Last 180 days
3
filings
  • 2 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-04-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-24
    🔒
    Charge registered #2
    Lender: Oxbury Bank PLC
  3. 2026-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2026-02-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2026-02-17
    🔒
    Charge registered #1
    Lender: Oxbury Bank PLC
  6. 2024-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-30
    🏢
    Company incorporated
    As CUMMING FARMING LTD
  9. 2022-03-30
    CUMMING, Michael Alan appointed
    director
  10. 2022-03-30
    CUMMING, Shona Margaret appointed
    director
  11. 2022-03-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

81/100
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.
  • +Founder name in company name: Company name contains director surname "CUMMING" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-12

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Alan Cumming
Individual · British · DOB 04/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting30/03/2022
Mrs Shona Margaret Cumming
Individual · British · DOB 05/1978 · age 48
2550%
25–50%25-50% shares · 25-50% voting30/03/2022

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.

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

9 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.

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Company details

Statusactive
Typeltd
Incorporated2022-03-30
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

2 Yokieshill Cottage
Mintlaw
Peterhead
Aberdeenshire
AB42 5BX
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-12OVERDUE
Last: 2025-03-29

Officers (2 active · 0 resigned)

CUMMING, Michael Alan
director · ~51y · appointed 2022-03-30
View their other companies + combined net worth →
Active
CUMMING, Shona Margaret
director · ~48y · appointed 2022-03-30
View their other companies + combined net worth →
Active

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
Oxbury Bank
Oxbury Bank PLC
A registered charge24/03/2026
outstanding
Oxbury Bank
Oxbury Bank PLC
A registered charge2 properties17/02/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (9 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-20
incorporation-company
incorporation · NEWINC
2022-03-30