NEWBIE SALMON FISHERIES (PROPERTY) LIMITED

🌳Matureactive
SC026061 · ltd · incorporated 1948-01-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£7.29M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 01700
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 77). Share purchase looks the cleaner deal structure. 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

6 live charges · 4 lenders · oldest 18.9y

35/100
too messy

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

  • · Oldest live charge is 18.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declared
Positive net assets
Net assets £7,285,738
Cash YoY
+176%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£454k
↑ 176% YoY
Net Worth
£7.3m
↑ 17% YoY
Current Assets
£3.3m
↑ 46% YoY
Current Liabilities
—
£0£1.5m£2.9m£4.4m£5.8m£7.3mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£8.69M£7.65M
Current assets£3.31M£2.27M
Cash£454.2k£164.4k
Debtors£2.86M£2.10M
Net assets£7.29M£6.25M

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-21
    📄
    mortgage-charge-part-release-with-charge-number
    mortgage · MR05
  6. 2022-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-03-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-01-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2018-10-23
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2018-10-23
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2018-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-11-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2017-11-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-05-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2017-04-15
    🔒
    Charge registered #6
    Lender: Scottish Hydro Electric Transmission PLC
  18. 2015-01-06
    🔒
    Charge registered #5
    Lender: Rwe Innogy UK Limited
  19. 2014-12-24
    🔓
    Charge satisfied #2
  20. 2013-11-18
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  21. 2013-11-14
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  22. 2013-11-11
    🔓
    Charge satisfied #1
  23. 2008-03-12
    🔒
    Charge registered #2
    Lender: Adam & Company PLC
  24. 2007-05-31
    🔒
    Charge registered #1
    Lender: Adam & Company PLC
  25. 2002-01-26
    ➕
    MACKENZIE, Katherine Emma appointed
    director
  26. 2002-01-26
    ➖
    FITZROY, James Oliver Charles, Earl Of Euston resigned
    director
  27. 2002-01-26
    ➖
    MACKENZIE, Anne resigned
    director
  28. 2000-05-31
    ➕
    FITZROY, James Oliver Charles, Earl Of Euston appointed
    director
  29. 1999-10-01
    ➖
    MACKENZIE, Colin Dalziel, Major resigned
    director
  30. 1991-11-01
    ➕
    MACKENZIE, Philip Austin George appointed
    secretary
  31. 1991-11-01
    ➖
    DOUGLAS GRAHAM ANDREW WS resigned
    corporate-secretary
  32. 1948-01-22
    🏢
    Company incorporated
    As NEWBIE SALMON FISHERIES (PROPERTY) LIMITED

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 78 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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
medium

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

Group structure

Newbie Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Newbie Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
NEWBIE SALMON FISHERIES (PROPERTY) LIMITED
This company · SC026061

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%
NameSharesVoting rightsNature of controlNotified
Newbie Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control31/05/2017
1 historic (ceased) PSC
  • Mr Philip Austin George Mackenzieceased 31/05/2017· 50-75% shares

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 · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—69y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—24y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10049y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
SPYNIE FARMERS LIMITED→
SC113051 · est 1988 · no financials extracted
————37y——
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y——
TARTAN TIMBER HARVESTING LTD→
SC849444 · est 2025 · no financials extracted
———————
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
Incorporated1948-01-22
Jurisdictionscotland
Primary SIC01700 — SIC 01700

Registered office

Glenkyllachy Tomatin
Tomatin
Inverness
IV13 7YA

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (3 active · 4 resigned)

MACKENZIE, Philip Austin George→
secretary · appointed 1991-11-01
View their other companies + combined net worth →
Active
MACKENZIE, Katherine Emma→
director · ~73y · appointed 2002-01-26
View their other companies + combined net worth →
Active
MACKENZIE, Philip Austin George→
director · ~77y
View their other companies + combined net worth →
Active
DOUGLAS GRAHAM ANDREW WS→
corporate-secretary · resigned 1991-11-01
Resigned
FITZROY, James Oliver Charles, Earl Of Euston→
director · ~79y · appointed 2000-05-31 · resigned 2002-01-26
Resigned
MACKENZIE, Anne→
director · ~106y · resigned 2002-01-26
Resigned
MACKENZIE, Colin Dalziel, Major→
director · ~107y · resigned 1999-10-01
Resigned

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

Mortgages & charges

6
Total charges
4
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Scottish Hydro Electric Transmission
Scottish Hydro Electric Transmission PLC
A registered charge1 property15/04/2017—
outstanding
Rwe Innogy UK
Rwe Innogy UK Limited
A registered charge1 property06/01/2015—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/11/2013—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property14/11/2013—
satisfied
Adam & Company
Adam & Company PLC
Standard security1 property12/03/200824/12/2014
satisfied
Adam & Company
Adam & Company PLC
Bond & floating charge1 property31/05/200711/11/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-01
mortgage-charge-part-release-with-charge-number
mortgage · MR05
2022-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-04