CULFARGIE ESTATES, LIMITED
🌳Matureactive
SC012977 · ltd · incorporated 1924-01-15
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 02100SIC 02100
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: active trading company with exceptional profile and acceptable with review structure.
Opportunity 80/100 (exceptional), bankability 62/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 63.8y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 63.8 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 5 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £234,367
Turned profitable
Returned to profit this year
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £234.4k | £-243.2k |
| Average employees | 15 | 1000 |
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
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2025-12-01📄accounts-with-accounts-type-smallaccounts · AA
- 2025-08-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-08-20📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-08-11➕HAY, James Alexander appointedsecretary
- 2025-08-11➖CARNEGIE, Charles resignedsecretary
- 2024-12-17📄accounts-with-accounts-type-smallaccounts · AA
- 2023-10-26📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-03-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-02-01➕CARNEGIE, Charles appointedsecretary
- 2023-02-01➖RITCHIE, Neil Fraser resignedsecretary
- 2022-11-10📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-13📄accounts-with-accounts-type-smallaccounts · AA
- 2020-08-26📄accounts-with-accounts-type-smallaccounts · AA
- 2020-06-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-06-01➕MCLAREN, Elizabeth Margaret appointeddirector
- 2020-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-05-22🔓Charge satisfied #2
- 2020-05-22🔓Charge satisfied #1
- 2019-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-08-20➖STROYAN, Colin Strathearn Ropner resigneddirector
- 2019-08-02📄accounts-with-accounts-type-smallaccounts · AA
- 2019-05-21➕MCGOWAN, Neil Finlay appointeddirector
- 2019-05-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-07-25📄accounts-with-accounts-type-smallaccounts · AA
- 2018-04-05🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2017-09-28🔓Charge satisfied #5
- 2017-09-28🔓Charge satisfied #4
- 2013-06-18🔒Charge registered #5Lender: Bank Renewables (Bandirran Wind Farm) Limited
- 2013-05-20🔒Charge registered #4Lender: Bank Renewables (Bandirran Wind Farm) Limited
- 2011-01-01➕RITCHIE, Neil Fraser appointedsecretary
- 2010-12-31➖PAGE, Robert Watson resignedsecretary
- 2008-10-01🔒Charge registered #3Lender: Royal Bank of Scotland PLC
- 2004-07-01➕KAYE, Brian William Paul appointeddirector
- 2004-07-01➖LAWSON, Peter Halford resigneddirector
- 1991-02-15➖DOUGLAS, George Cochrane resignedsecretary
- 1991-02-15➕PAGE, Robert Watson appointedsecretary
- 1964-08-13🔒Charge registered #2Lender: Trustees of the Seaforth Sanatorium (£3,250)
- 1962-07-04🔒Charge registered #1Lender: Standard Property Investment Company Limited
- 1924-01-15🏢Company incorporatedAs CULFARGIE ESTATES, LIMITED
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Iowa Land Company Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Iowa Land Company Limited
Corporate parent · holds 75-100% shares · board control
⬇
CULFARGIE ESTATES, LIMITED
This company · SC012977
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Iowa Land Company Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Agriculture · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CAIRNGORMS CROFTERS & FARMERS COMMUNITY LTD→ SC800260 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CC SPORTING LTD→ SC777163 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FORREST FREE RANGE LIMITED→ SC347233 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| HAPPY HACKERS PERTHSHIRE LIMITED→ SC866640 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HARRIS FARMS LTD→ SC316616 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| HENDRY RAMSAY WATERS (WORLDWIDE) LIMITED→ SC240062 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| HEPBURN GROUP LTD→ SC737366 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| J A C GRIERSON LIMITED→ SC295027 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| J.& E.SMILLIE (GROWERS) LIMITED→ SC061860 · est 1977 · no financials extracted | — | — | — | — | 49y | — | — |
| JDM WOODLAND MANAGEMENT LIMITED→ SC565261 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| K TREES LIMITED→ SC638893 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| KEILLOUR FARMS LIMITED→ SC845848 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1924-01-15
Jurisdictionscotland
Primary SIC01500 — SIC 01500
Registered office
Tarrylaw
Balbeggie
Perth
PH2 6HJ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-30
Last: 2025-11-16
Officers (4 active · 6 resigned)
HAY, James Alexander→
Activesecretary · appointed 2025-08-11
View their other companies + combined net worth →
KAYE, Brian William Paul→
Activedirector · ~72y · appointed 2004-07-01
View their other companies + combined net worth →
MCGOWAN, Neil Finlay→
Activedirector · ~51y · appointed 2019-05-21
View their other companies + combined net worth →
MCLAREN, Elizabeth Margaret→
Activedirector · ~63y · appointed 2020-06-01
View their other companies + combined net worth →
CARNEGIE, Charles→
Resignedsecretary · appointed 2023-02-01 · resigned 2025-08-11
DOUGLAS, George Cochrane→
Resignedsecretary · resigned 1991-02-15
PAGE, Robert Watson→
Resignedsecretary · appointed 1991-02-15 · resigned 2010-12-31
RITCHIE, Neil Fraser→
Resignedsecretary · appointed 2011-01-01 · resigned 2023-02-01
LAWSON, Peter Halford→
Resigneddirector · ~93y · resigned 2004-07-01
STROYAN, Colin Strathearn Ropner→
Resigneddirector · ~99y · resigned 2019-08-20
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 05/04/2018 | — | |
| satisfied | Bank Renewables (Bandirran Wind Farm) Bank Renewables (Bandirran Wind Farm) Limited | A registered charge | 1 property | 18/06/2013 | 28/09/2017 | |
| satisfied | Bank Renewables (Bandirran Wind Farm) Bank Renewables (Bandirran Wind Farm) Limited | A registered charge | 1 property | 20/05/2013 | 28/09/2017 | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 01/10/2008 | — | |
| satisfied | Trustees of the Seaforth Sanatorium (£3,250) / Trustees of the Late William Dawson Esquire of Gairloch (£1,750) | Bond and disposition in security | 1 property | 13/08/1964 | 22/05/2020 | |
| satisfied | Standard Property Investment Company Standard Property Investment Company Limited | Bond & dispn in security | 1 property | 04/07/1962 | 22/05/2020 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (113 total)
accounts-with-accounts-type-small
accounts · AA
2025-12-01
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-24
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-20
appoint-person-secretary-company-with-name-date
officers · AP03
2025-08-20
accounts-with-accounts-type-small
accounts · AA
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-small
accounts · AA
2023-10-26
appoint-person-secretary-company-with-name-date
officers · AP03
2023-03-14
termination-secretary-company-with-name-termination-date
officers · TM02
2023-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-30
accounts-with-accounts-type-small
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-small
accounts · AA
2021-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-30