THE GLENSTOCKEN FARMING COMPANY LTD.

🌳Matureactive
SC039562 · ltd · incorporated 1963-11-26
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 43.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£46.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 82). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 43.5y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 43.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
93 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
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £46,245

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£46k
Current Assets
£93k
Current Liabilities
—
£0£19k£37k£56k£74k£93kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£48.0k—
Current assets£92.6k—
Net assets£46.2k—
Average employees—0

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 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-02-06
    ➕
    GOURLAY, Patrick Joseph Cowden appointed
    director
  5. 2024-03-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-05-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-02-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-02-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-04-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-08-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2012-03-31
    ➖
    GOURLAY, John Cowden resigned
    secretary
  18. 2012-03-31
    ➖
    GOURLAY, John Cowden resigned
    director
  19. 1991-03-29
    ➖
    GOURLAY, Marjorie resigned
    director
  20. 1989-07-22
    ➕
    GOURLAY, Josephine Mary appointed
    director
  21. 1982-11-01
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  22. 1963-11-26
    🏢
    Company incorporated
    As THE GLENSTOCKEN FARMING COMPANY LTD.

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 37 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 82 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 37 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Josephine Mary Gourlay
Individual · British · DOB 03/1944 · age 82
75–100%
—75-100% shares06/04/2016

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

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————6y——
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
Incorporated1963-11-26
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Rushcroft
Colvend
Dalbeattie
DG5 4QE
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-12
Last: 2026-03-29

Officers (2 active · 3 resigned)

GOURLAY, Josephine Mary→
director · ~82y · appointed 1989-07-22
View their other companies + combined net worth →
Active
GOURLAY, Patrick Joseph Cowden→
director · ~56y · appointed 2025-02-06
View their other companies + combined net worth →
Active
GOURLAY, John Cowden→
secretary · resigned 2012-03-31
Resigned
GOURLAY, John Cowden→
director · ~92y · resigned 2012-03-31
Resigned
GOURLAY, Marjorie→
director · resigned 1991-03-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/11/1982—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-02
change-person-director-company-with-change-date
officers · CH01
2025-04-02
appoint-person-director-company-with-name-date
officers · AP01
2025-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-26