PENMAR FARMING LIMITED

🌳Matureactive
03053098 · ltd · incorporated 1995-05-03
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
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 75/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

10 live charges · 4 lenders · oldest 30.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 30.4 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 4 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
101 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 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
Average employees12001200

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2025-12-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-12-12
    🔒
    Charge registered #10
    Lender: The Trustees of the Oaktree Pension Fund
  4. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-09-01
    ➕
    DAKIN, William Alexis Burroughs appointed
    director
  8. 2022-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2017-01-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2016-05-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-01-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2015-05-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-08-08
    🔓
    Charge satisfied #5
  19. 2013-08-08
    🔓
    Charge satisfied #4
  20. 2013-08-08
    🔓
    Charge satisfied #3
  21. 2013-08-08
    🔓
    Charge satisfied #2
  22. 2012-03-30
    🔒
    Charge registered #9
    Lender: Hsbc Bank PLC
  23. 2012-03-30
    🔒
    Charge registered #8
    Lender: Hsbc Bank PLC
  24. 2012-02-24
    🔒
    Charge registered #7
    Lender: Hsbc Bank PLC
  25. 2011-11-08
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  26. 2004-05-26
    🔓
    Charge satisfied #1
  27. 2004-05-07
    ➕
    DAKIN, Clare Louise appointed
    secretary
  28. 2004-05-07
    ➕
    DAKIN, Clare Louise appointed
    director
  29. 2004-05-07
    ➕
    DAKIN, Frank William appointed
    director
  30. 2004-05-07
    ➖
    EVERSECRETARY LIMITED resigned
    corporate-secretary
  31. 2004-05-07
    ➖
    BAILEY, Marshall resigned
    director
  32. 2004-05-07
    🔒
    Charge registered #5
    Lender: Yorkshire Bank PLC
  33. 2004-05-07
    🔒
    Charge registered #4
    Lender: Yorkshire Bank PLC
  34. 2004-05-07
    🔒
    Charge registered #3
    Lender: Yorkshire Bank PLC
  35. 2004-05-07
    🔒
    Charge registered #2
    Lender: Yorkshire Bank PLC
  36. 2001-04-24
    ➖
    BAILEY, Penelope Jane resigned
    secretary
  37. 2001-02-24
    ➕
    EVERSECRETARY LIMITED appointed
    corporate-secretary
  38. 1996-02-23
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  39. 1995-05-15
    ➕
    BAILEY, Penelope Jane appointed
    secretary
  40. 1995-05-15
    ➖
    JL NOMINEES TWO LIMITED resigned
    corporate-nominee-secretary
  41. 1995-05-15
    ➕
    BAILEY, Marshall appointed
    director
  42. 1995-05-15
    ➖
    JL NOMINEES ONE LIMITED resigned
    corporate-nominee-director
  43. 1995-05-03
    🏢
    Company incorporated
    As PENMAR FARMING LIMITED
  44. 1995-05-03
    ➕
    JL NOMINEES TWO LIMITED appointed
    corporate-nominee-secretary
  45. 1995-05-03
    ➕
    JL NOMINEES ONE LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

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

SIGNALS
  • primaryFamily succession underway: Not a takeover target — DAKIN, William Alexis Burroughs (same surname) appointed 2023-09-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Frank William Dakin
Individual · British · DOB 01/1961 · age 65
——board controlboard control · firm interest30/06/2016

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

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
Incorporated1995-05-03
Jurisdictionengland-wales
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Farm Office
Duddo Estate
Berwick Upon Tweed
Northumberland
TD15 2PS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-17
Last: 2026-05-03

Officers (4 active · 5 resigned)

DAKIN, Clare Louise→
secretary · appointed 2004-05-07
View their other companies + combined net worth →
Active
DAKIN, Clare Louise→
director · ~65y · appointed 2004-05-07
View their other companies + combined net worth →
Active
DAKIN, Frank William→
director · ~65y · appointed 2004-05-07
View their other companies + combined net worth →
Active
DAKIN, William Alexis Burroughs→
director · ~32y · appointed 2023-09-01
View their other companies + combined net worth →
Active
BAILEY, Penelope Jane→
secretary · appointed 1995-05-15 · resigned 2001-04-24
Resigned
EVERSECRETARY LIMITED→
corporate-secretary · appointed 2001-02-24 · resigned 2004-05-07
Resigned
JL NOMINEES TWO LIMITED→
corporate-nominee-secretary · appointed 1995-05-03 · resigned 1995-05-15
Resigned
BAILEY, Marshall→
director · ~78y · appointed 1995-05-15 · resigned 2004-05-07
Resigned
JL NOMINEES ONE LIMITED→
corporate-nominee-director · appointed 1995-05-03 · resigned 1995-05-15
Resigned

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

Mortgages & charges

10
Total charges
5
Outstanding
2
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
The Trustees of the Oaktree Pension Fund
A registered charge1 property12/12/2025—
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property30/03/2012—
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property30/03/2012—
outstanding
HSBC
Hsbc Bank PLC
Legal mortgage1 property24/02/2012—
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property08/11/2011—
satisfied
Virgin Money
Yorkshire Bank PLC
Debenture1 property07/05/200408/08/2013
satisfied
Virgin Money
Yorkshire Bank PLC
Legal mortgage1 property07/05/200408/08/2013
satisfied
Virgin Money
Yorkshire Bank PLC
Legal mortgage1 property07/05/200408/08/2013
satisfied
Virgin Money
Yorkshire Bank PLC
Legal mortgage1 property07/05/200408/08/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property23/02/199626/05/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-30
appoint-person-director-company-with-name-date
officers · AP01
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-08