STEWART FARMS LIMITED
🌳Matureactive
SC068940 · ltd · incorporated 1979-07-26
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 May 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 79/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 46.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 46.1 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 (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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 20 | 1000 |
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
1
filing
- • 1 confirmation-statement
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2026-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-21📄capital-name-of-class-of-sharescapital · SH08
- 2025-05-20📄resolutionresolution · RESOLUTIONS
- 2025-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-08📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-02📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-12-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-12-01➕STEWART, Sharon Ann appointedsecretary
- 2022-12-01➕STEWART, Sharon Ann appointeddirector
- 2022-11-30➖STEWART, Constance Anne resignedsecretary
- 2022-09-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-20📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-09📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-02-23🔒Charge registered #6Lender: Bank of Scotland PLC
- 2020-08-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-08🔓Charge satisfied #4
- 2019-07-02🔓Charge satisfied #3
- 2011-12-13🔒Charge registered #5Lender: Bank of Scotland PLC
- 2009-03-24🔒Charge registered #4Lender: The Agricultural Mortgage Corporation PLC
- 2009-03-18🔒Charge registered #3Lender: The Agricultural Mortgage Corporation PLC
- 2003-06-01➕STEWART, William Mcnicol appointeddirector
- 1990-03-05➖STEWART, William Hardie resigneddirector
- 1980-03-19🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1980-03-13🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1979-07-26🏢Company incorporatedAs STEWART FARMS LIMITED
Owner dependency
88/100
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
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — STEWART, Sharon Ann (same surname) appointed 2022-12-01. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 47 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr William Mcnicol Stewart Individual · British · DOB 07/1976 · age 50 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
1 historic (ceased) PSC
- Mr John Mcnicol Stewartceased 23/01/2020· 50-75% shares · 50-75% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ROBERT MORRIS & SON LIMITED→ SC013361 · est 1924 · no financials extracted | — | — | — | — | 101y | — | — |
| SS ARB TREE SOLUTIONS LIMITED→ SC500256 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| STRATHMORE POTATO GROWERS LIMITED→ SC352060 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| STRONABA PRODUCE LTD→ SC699140 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| SUNART SEA FARM LIMITED→ SC207184 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| TAYBANK GROWERS COOPERATIVE→ SC560056 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| TC LABOUR LTD→ SC666435 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| THE LAWHILL FARMING COMPANY LIMITED→ SC163914 · est 1996 · no financials extracted | — | — | — | — | 30y | — | — |
| THE SHETLAND PONY STUD-BOOK SOCIETY→ SC135563 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| THE TREE LAB (PERTHSHIRE) LTD→ SC801448 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| THE WEE DAIRY LIMITED→ SC763954 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| THE WILD FACTOR LTD→ SC742275 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1979-07-26
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds
Registered office
Mains Of Pittendreich
Meikleour
Perthshire
PH2 6EL
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-08
Last: 2026-03-25
Officers (5 active · 2 resigned)
STEWART, Sharon Ann→
Activesecretary · appointed 2022-12-01
View their other companies + combined net worth →
Active
Active
STEWART, Sharon Ann→
Activedirector · ~47y · appointed 2022-12-01
View their other companies + combined net worth →
STEWART, William Mcnicol→
Activedirector · ~50y · appointed 2003-06-01
View their other companies + combined net worth →
STEWART, Constance Anne→
Resignedsecretary · resigned 2022-11-30
STEWART, William Hardie→
Resigneddirector · resigned 1990-03-05
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
4
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 23/02/2021 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 13/12/2011 | — | |
| satisfied | The Agricultural Mortgage Corporation The Agricultural Mortgage Corporation PLC | Standard security | 1 property | 24/03/2009 | 08/08/2019 | |
| satisfied | The Agricultural Mortgage Corporation The Agricultural Mortgage Corporation PLC | Standard security | 1 property | 18/03/2009 | 02/07/2019 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/03/1980 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 13/03/1980 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (107 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
capital-name-of-class-of-shares
capital · SH08
2025-05-21
resolution
resolution · RESOLUTIONS
2025-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-13
appoint-person-secretary-company-with-name-date
officers · AP03
2022-12-02
appoint-person-director-company-with-name-date
officers · AP01
2022-12-02
termination-secretary-company-with-name-termination-date
officers · TM02
2022-12-02