CULLISSE FARMS LTD
🌿Early-stageactive
SC735474 · ltd · incorporated 2022-06-14
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 3.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 72/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
4 live charges · 2 lenders · oldest 3.5y
60/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Charge age ~3.5 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 3 | 600 |
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 accounts
Last 90 days
4
filings
- • 1 accounts
- • 1 incorporation
- • 1 resolution
Last 180 days
4
filings
- • 1 accounts
- • 1 incorporation
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-03-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-20📄memorandum-articlesincorporation · MA
- 2026-03-20📄resolutionresolution · RESOLUTIONS
- 2026-03-20📄capital-name-of-class-of-sharescapital · SH08
- 2025-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-01-16🔒Charge registered #4Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2022-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-07🔒Charge registered #3Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2022-12-07🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2022-12-02📄capital-allotment-sharescapital · SH01
- 2022-10-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-10-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-10🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
- 2022-10-06➕MACKENZIE, Leigh Alison appointeddirector
- 2022-06-14🏢Company incorporatedAs CULLISSE FARMS LTD
- 2022-06-14➕MACKENZIE, Leigh Alison appointedsecretary
- 2022-06-14➕MACKENZIE, Charles Peter appointeddirector
- 2022-06-14📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial 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
36/100
Weak signalLimited 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Charles Peter Mackenzie Individual · British · DOB 09/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/06/2022 |
Mrs Leigh Alison Mackenzie Individual · British · DOB 08/1985 · age 41 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/06/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| DAVID PATIENCE LTD→ SC548480 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| DONALD MACLARTY LIMITED→ SC310173 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DONALD SHANKS CONTRACTORS LIMITED→ SC626127 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| DUFFY SKYLINING LIMITED→ SC600526 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DURDLE CONTRACTING LTD.→ SC703676 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| F&S FORESTRY SERVICES LTD→ SC853334 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FANNICH ESTATE LIMITED→ SC376763 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| FRASER TIMBER HARVESTING LTD→ SC643734 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FRUITFUL BOUGH FISHING COMPANY LIMITED→ SC370440 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| G M FORESTRY LTD→ SC383298 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GILL & COMPANY (BRUCEFIELD)→ SC031666 · est 1956 · no financials extracted | — | — | — | — | 69y | — | — |
| GOOD FOR EWE LTD.→ SC267343 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Incorporated2022-06-14
Jurisdictionscotland
Primary SIC01500 — SIC 01500
Registered office
Cullisse Farm
Nigg
Tain
IV19 1QN
United Kingdom
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-27
Last: 2025-06-13
Officers (3 active · 0 resigned)
MACKENZIE, Leigh Alison→
Activesecretary · appointed 2022-06-14
View their other companies + combined net worth →
MACKENZIE, Charles Peter→
Activedirector · ~46y · appointed 2022-06-14
View their other companies + combined net worth →
MACKENZIE, Leigh Alison→
Activedirector · ~41y · appointed 2022-10-06
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 16/01/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 07/12/2022 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 07/12/2022 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111) | A registered charge | — | 10/10/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (16 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
memorandum-articles
incorporation · MA
2026-03-20
resolution
resolution · RESOLUTIONS
2026-03-20
capital-name-of-class-of-shares
capital · SH08
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-16
capital-allotment-shares
capital · SH01
2022-12-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-18
appoint-person-director-company-with-name-date
officers · AP01
2022-10-10