EASTER ROSS FARMERS LIMITED

🌳Matureactive
SC060125 · ltd · incorporated 1976-06-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 49.7y 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 95-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 95). 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 49.7y

65/100
clean up first

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

  • · Oldest live charge is 49.7 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
7 officers (4 active, 7 linked, 5 with DOB)
84
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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 accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees100100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
6
filings
  • • 3 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-01-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-12-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-08-20
    ➕
    BUDGE, Michael appointed
    director
  7. 2025-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2025-01-15
    ➖
    FRASER, Victoria Mary Elizabeth resigned
    secretary
  10. 2025-01-15
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2011-12-14
    ➕
    FRASER, Victoria Mary Elizabeth appointed
    secretary
  20. 2011-12-14
    ➖
    WIGHTMAN, John Watt resigned
    secretary
  21. 2002-02-26
    ➕
    FRASER, Victoria Mary Elizabeth appointed
    director
  22. 1994-02-02
    ➖
    BUDGE, George Clement Douglas resigned
    director
  23. 1990-08-27
    ➕
    BUDGE, Brian Charles appointed
    director
  24. 1976-08-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 1976-06-04
    🏢
    Company incorporated
    As EASTER ROSS FARMERS LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 95 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 95 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 36 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Elizabeth Jane Budge
Individual · British · DOB 06/1931 · age 95
25–50%
—25-50% shares06/01/2017
Mr Brian Charles Budge
Individual · British · DOB 10/1956 · age 70
——sig. influencesignificant influence06/01/2017
Mrs Victoria Mary Elizabeth Fraser
Individual · British · DOB 01/1963 · age 63
——sig. influencesignificant influence06/01/2017

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

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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
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
ACHLAIN ESTATES LIMITED→
SC138631 · est 1992
———20033y8267y
SPYNIE FARMERS LIMITED→
SC113051 · est 1988 · no financials extracted
————37y——
STRATHNAIRN COMMUNITY WOODLANDS→
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————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

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
Incorporated1976-06-04
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Easter Rarichie
Fearn
Ross-Shire
IV20 1XH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-20
Last: 2026-01-06

Officers (4 active · 3 resigned)

BUDGE, Brian Charles→
director · ~70y · appointed 1990-08-27
View their other companies + combined net worth →
Active
BUDGE, Elizabeth→
director · ~95y
View their other companies + combined net worth →
Active
BUDGE, Michael→
director · ~71y · appointed 2025-08-20
View their other companies + combined net worth →
Active
FRASER, Victoria Mary Elizabeth→
director · ~63y · appointed 2002-02-26
View their other companies + combined net worth →
Active
FRASER, Victoria Mary Elizabeth→
secretary · appointed 2011-12-14 · resigned 2025-01-15
Resigned
WIGHTMAN, John Watt→
secretary · resigned 2011-12-14
Resigned
BUDGE, George Clement Douglas→
director · ~103y · resigned 1994-02-02
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property16/08/1976—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (106 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
change-person-director-company-with-change-date
officers · CH01
2026-01-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-21
change-person-director-company-with-change-date
officers · CH01
2026-01-21
appoint-person-director-company-with-name-date
officers · AP01
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-16
change-person-director-company-with-change-date
officers · CH01
2025-01-16
change-person-director-company-with-change-date
officers · CH01
2025-01-16
termination-secretary-company-with-name-termination-date
officers · TM02
2025-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20