SIMPRIM FARMS LTD

🌳Matureactive
SC032129 · ltd · incorporated 1957-04-01
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
£-426.1k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -97% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 42.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 42.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
123 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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
Negative net assets
Liabilities exceed assets by £426,124
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£288
↓ 97% YoY
Net Worth
-£426k
↓ 39% YoY
Current Assets
£939k
↑ 141% YoY
Current Liabilities
—
-£426k-£153k£120k£393k£666k£939kMar 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
Total assets£579.8k£164.1k
Current assets£938.8k£389.0k
Cash£288£10.8k
Debtors£742.5k£248.8k
Net assets£-426.1k£-306.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2024-12-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-12-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-01-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-01-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-01-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-06-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  11. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-04-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2022-04-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2022-04-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2022-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-04-08
    📄
    capital-cancellation-shares
    capital · SH06
  18. 2022-04-07
    📄
    memorandum-articles
    incorporation · MA
  19. 2022-04-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  20. 2022-04-07
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  21. 2022-04-07
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2022-04-01
    ➕
    SEED, Daniel David appointed
    director
  23. 2022-04-01
    ➕
    SEED, Holly Michelle appointed
    director
  24. 2022-04-01
    ➖
    RUSSELL, Leonora Jane resigned
    secretary
  25. 2022-04-01
    ➖
    RUSSELL, Hugh Macpherson resigned
    director
  26. 2022-04-01
    ➖
    RUSSELL, Leonora Jane resigned
    director
  27. 2017-05-25
    🔓
    Charge satisfied #3
  28. 2017-05-25
    🔓
    Charge satisfied #2
  29. 2017-05-10
    🔓
    Charge satisfied #1
  30. 2017-01-25
    🔒
    Charge registered #5
    Lender: Lloyds Bank PLC
  31. 2016-08-26
    🔒
    Charge registered #4
    Lender: Lloyds Bank PLC
  32. 2016-02-04
    ➖
    RUSSELL, Richard Gardner resigned
    director
  33. 2013-11-14
    ➕
    RUSSELL, Richard Gardner appointed
    director
  34. 2007-08-02
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  35. 2003-08-05
    ➕
    RUSSELL, Leonora Jane appointed
    secretary
  36. 2003-08-05
    ➕
    RUSSELL, Leonora Jane appointed
    director
  37. 2003-06-16
    ➖
    DANDIE, Catherine Mckay resigned
    secretary
  38. 2003-06-16
    ➖
    DANDIE, Catherine Mckay resigned
    director
  39. 1989-01-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  40. 1984-05-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  41. 1957-04-01
    🏢
    Company incorporated
    As SIMPRIM FARMS LTD

Owner dependency

66/100
High — earn-out structure required

Material 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

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 69 years old and no new directors in the last 3 years — succession not yet being planned internally.

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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Daniel David Seed
Individual · British · DOB 02/1987 · age 39
25–50%
25–50%25-50% shares · 25-50% voting01/04/2022
Mrs Holly Michelle Seed
Individual · British · DOB 12/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting01/04/2022
1 historic (ceased) PSC
  • Mrs Leonara Jane Russellceased 01/04/2022· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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LINDISFARNE LUING LIMITED→
07449519 · est 2010 · no financials extracted
————15y——
LOWICK HALL ESTATES LIMITED(THE)→
00368118 · est 1941 · no financials extracted
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PENMAR FARMING LIMITED→
03053098 · est 1995 · no financials extracted
————30y——
REDPATH FISHERIES LTD→
11712649 · est 2018 · no financials extracted
————7y——
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00060938 · est 1899 · no financials extracted
————127y——
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01106530 · est 1973 · no financials extracted
————53y——
RUTHERFORD FARMING LIMITED→
03351752 · est 1997 · no financials extracted
————29y——
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00153026 · est 1919 · no financials extracted
————107y——
SOS FARMING LTD→
10780898 · est 2017 · no financials extracted
————8y——
STAGSBROOK GAME LTD→
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————3y——
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————16y——
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————17y——
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
Incorporated1957-04-01
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Simprim Farm
Coldstream
Berwickshire
TD12 4HG

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-10
Last: 2025-12-27

Officers (2 active · 6 resigned)

SEED, Daniel David→
director · ~39y · appointed 2022-04-01
View their other companies + combined net worth →
Active
SEED, Holly Michelle→
director · ~42y · appointed 2022-04-01
View their other companies + combined net worth →
Active
DANDIE, Catherine Mckay→
secretary · resigned 2003-06-16
Resigned
RUSSELL, Leonora Jane→
secretary · appointed 2003-08-05 · resigned 2022-04-01
Resigned
DANDIE, Catherine Mckay→
director · ~95y · resigned 2003-06-16
Resigned
RUSSELL, Hugh Macpherson→
director · ~82y · resigned 2022-04-01
Resigned
RUSSELL, Leonora Jane→
director · ~75y · appointed 2003-08-05 · resigned 2022-04-01
Resigned
RUSSELL, Richard Gardner→
director · ~39y · appointed 2013-11-14 · resigned 2016-02-04
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property25/01/2017—
outstanding
Lloyds Banking Group
Lloyds Bank PLC
A registered charge1 property26/08/2016—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property02/08/200725/05/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/01/198925/05/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/05/198410/05/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (123 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-11
change-person-director-company-with-change-date
officers · CH01
2024-01-11
change-person-director-company-with-change-date
officers · CH01
2024-01-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
certificate-change-of-name-company
change-of-name · CERTNM
2023-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28