HARDGRAVE FARM, (DUMFRIES) LIMITED
🌳Matureactive
SC030389 · ltd · incorporated 1954-11-12
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 Nov 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 01410
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 01500SIC 01500
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 56.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 56.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
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 · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 1300 | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-09-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-10-07➖MARSHALL, Doris Jean Salmond resignedsecretary
- 2021-10-07➖MARSHALL, Doris Jean Salmond resigneddirector
- 2021-07-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-10-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-10-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-10-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-10-01🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2009-01-29🔓Charge satisfied #1
- 2008-12-30🔒Charge registered #2Lender: Hsbc Bank PLC
- 2005-05-12➕MARSHALL, Fiona Margaret appointeddirector
- 2003-06-01➖MARSHALL, John Galloway resigneddirector
- 1970-02-27🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1954-11-12🏢Company incorporatedAs HARDGRAVE FARM, (DUMFRIES) LIMITED
Owner dependency
84/100
Critical — business is the founderThe 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 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 71 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Fiona Margaret Marshall Individual · British · DOB 09/1969 · age 57 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mr Alistair John Marshall Individual · Scottish · DOB 05/1965 · age 61 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
Mr Gary Robert Marshall Individual · British · DOB 07/1961 · age 65 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/10/2024 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · DG postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BALGREGGAN FARMS LIMITED→ SC251076 · est 2003 | £1.55M £1.19M–£1.91M | — | — | 7 | 22y | 82 | 61y |
| LARG FARMING COMPANY LIMITED→ SC247253 · est 2003 | — | — | — | 1 | 23y | 83 | 89y |
| A & J MURCHIE LIMITED→ SC295564 · est 2006 | — | — | — | 900 | 20y | 82 | 60y |
| A H S DRUMMOND (GLENSIDE) LIMITED→ SC324103 · est 2007 | — | — | £660.6k | — | 18y | 82 | 84y |
| A. LOCHHEAD FISHING COMPANY LIMITED→ SC328174 · est 2007 | — | — | £63.6k | — | 18y | 82 | 67y |
| ALLAN SMITH FENCING & FORESTRY LIMITED→ SC287999 · est 2005 | — | — | — | 2 | 20y | 82 | 71y |
| CRAIGADAM FARM LIMITED→ SC153308 · est 1994 | — | — | £48.7k | — | 31y | 82 | 74y |
| CROCHMORE FARMS LIMITED→ SC338012 · est 2008 | — | — | — | 200 | 18y | 82 | 77y |
| G RAE CONTRACTING→ SC339954 · est 2008 · no financials extracted | — | — | — | — | 18y | 82 | 73y |
| H J WALKER & COMPANY LIMITED→ SC345386 · est 2008 | — | — | — | 4 | 17y | 82 | 86y |
| ROSS (EXPORT) LIMITED→ SC299942 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| SLOCKMILL AND INSHANKS FARMS LIMITED→ SC030327 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1954-11-12
Jurisdictionscotland
Primary SIC01410 — SIC 01410
Registered office
Hardgrove Farm
Carrutherstown
Dumfries
DG1 4NT
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-09-28
Last: 2025-09-14
Officers (2 active · 3 resigned)
Active
MARSHALL, Fiona Margaret→
Activedirector · ~57y · appointed 2005-05-12
View their other companies + combined net worth →
MARSHALL, Doris Jean Salmond→
Resignedsecretary · resigned 2021-10-07
MARSHALL, Doris Jean Salmond→
Resigneddirector · ~88y · resigned 2021-10-07
MARSHALL, John Galloway→
Resigneddirector · ~98y · resigned 2003-06-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/10/2018 | — | |
| outstanding | HSBC Hsbc Bank PLC | Standard security | 1 property | 30/12/2008 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Disposition & explanatory letter | 1 property | 27/02/1970 | 29/01/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (107 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-22
termination-director-company-with-name-termination-date
officers · TM01
2021-12-22
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-07