ETHIEBARNS FARMING COMPANY

🌳Matureactive

SC052695 · private-unlimited · incorporated 1973-03-27

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 11.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 65/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 11.3y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 11.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (70/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

7 officers (4 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

66 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	1100

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

filing

• 1 mortgage

Last 90 days

filings

• 1 mortgage
• 1 confirmation-statement

Last 180 days

filings

• 1 mortgage
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-04-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-03
🔒
Charge registered #5
Lender: Bank of Scotland PLC
2025-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
🔒
Charge registered #4
Lender: Anniston Farms (Arbroath) Limited
2024-12-20
🔒
Charge registered #3
Lender: Bank of Scotland PLC
2024-12-19
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-12-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-02
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2024-04-02
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-02
🔓
Charge satisfied #1
2022-08-04
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-08-04
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2022-08-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-04
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-01-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-01-14
➕
HAY, Allan Peter appointed
director
2016-01-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2015-01-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-15
🔒
Charge registered #1
Lender: Bank of Scotland PLC
1997-01-24
➕
HAY, Isabel Ann appointed
secretary
1997-01-24
➕
HAY, Charles Russell appointed
director
1997-01-24
➕
HAY, Isabel Ann appointed
director
1997-01-24
➖
HAY, Janet Lawson resigned
secretary
1997-01-24
➖
HAY, Janet Lawson resigned
director
1997-01-24
➖
HAY, Thomas resigned
director
1973-03-27
🏢
Company incorporated
As ETHIEBARNS FARMING COMPANY

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

90/100

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 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 53 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

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Allan Peter Hay Individual · British · DOB 08/1983 · age 43	75–100%	—	75-100% shares	14/01/2020

1 historic (ceased) PSC

Mr Charles Russell Hayceased 14/01/2020· 75-100% shares · 75-100% voting

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

Similar companies

Active · Agriculture · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PEACEHILL FARMING LIMITED→ SC144826 · est 1993	£3.65M £2.81M–£4.50M	£13.06M	—	5700	32y	84	76y
ANGUS GROWERS LIMITED→ SC234071 · est 2002	—	—	—	1500	23y	83	80y
COOKSTON FARMS→ SC036246 · est 1961 · no financials extracted	—	—	—	—	65y	83	73y
CRAIGOWL FARMS LTD.→ SC327648 · est 2007	—	—	—	2500	18y	83	62y
CRUIVIE AND BRIGHOUSE LIMITED→ SC055296 · est 1974	—	—	—	400	52y	83	89y
R. & W. WHITTON LIMITED→ SC027167 · est 1949	—	—	—	200	76y	83	71y
SOILESSENTIALS LIMITED→ SC203822 · est 2000	—	—	£1.16M	—	26y	83	65y
A. C. BROWN (FARMS) LIMITED→ SC030970 · est 1955	—	—	—	0	70y	82	81y
ANGUS GAME PLUS LIMITED→ SC255156 · est 2003	—	—	—	2	22y	82	64y
STRATHMORE POTATOES LIMITED→ SC288865 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
THE SHADY DEER VILLAGE LTD→ SC676986 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
TIMBER TREE SURGERY LTD→ SC728412 · est 2022 · no financials extracted	—	—	—	—	4y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Typeprivate-unlimited

Incorporated1973-03-27

Jurisdictionscotland

Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Raesmill Farm

Inverkeilor

Arbroath

Angus

DD11 5SN

Filing status

Accounts

Next due: —

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31

Officers (4 active · 3 resigned)

HAY, Isabel Ann→

secretary · appointed 1997-01-24

View their other companies + combined net worth →

Active

HAY, Allan Peter→

director · ~43y · appointed 2020-01-14

View their other companies + combined net worth →

Active

HAY, Charles Russell→

director · ~71y · appointed 1997-01-24

View their other companies + combined net worth →

Active

HAY, Isabel Ann→

director · ~68y · appointed 1997-01-24

View their other companies + combined net worth →

Active

HAY, Janet Lawson→

secretary · resigned 1997-01-24

Resigned

HAY, Janet Lawson→

director · ~92y · resigned 1997-01-24

Resigned

HAY, Thomas→

director · ~100y · resigned 1997-01-24

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	03/04/2026	—
outstanding	Anniston Farms (Arbroath) Anniston Farms (Arbroath) Limited	A registered charge	2 properties	23/12/2024	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	20/12/2024	—
outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	02/12/2024	—
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	15/01/2015	02/04/2024

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-04-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-08

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-12-31

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-12-23

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2024-12-19

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-12-09

mortgage-satisfy-charge-full

mortgage · MR04

2024-04-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-01-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-09

second-filing-of-confirmation-statement-with-made-up-date

confirmation-statement · RP04CS01

2022-08-04

second-filing-of-confirmation-statement-with-made-up-date

confirmation-statement · RP04CS01

2022-08-04

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2022-08-04

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2022-08-04