TURRIFF AGRI-PARTS LIMITED

🌳Matureactive

SC069419 · ltd · incorporated 1979-10-02

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 Oct 2025

Net worth

£527.9k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other retail sale in non-specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 45.8y

45/100

under pressure

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

· Oldest live charge is 45.8 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (4 active, 6 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

1 connected companies via shared directors

Filing history

103 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £527,898

Net assets shrinking

Down £83,367 YoY

Cash draining

Cash down 98% YoY

Cash YoY

-98%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£220

↓ 98% YoY

Net Worth

£528k

↓ 14% YoY

Current Assets

£414k

↓ 25% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-10-31	2024-10-31
Total assets	£549.0k	£645.9k
Current assets	£414.0k	£554.8k
Cash	£220	£11.0k
Debtors	£103.0k	£140.5k
Net assets	£527.9k	£611.3k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-06-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-07-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-07-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-07-06
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-07-06
📄
change-person-director-company-with-change-date
officers · CH01
2017-05-29
➖
MAIR, Barbara Anne resigned
director
2009-07-01
➕
BROWN, Eileen May appointed
director
2009-07-01
➕
MAIR, Barbara Anne appointed
director
1994-12-31
➖
MCKENZIE, Robert Robb resigned
director
1990-05-01
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1980-07-14
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1979-10-02
🏢
Company incorporated
As TURRIFF AGRI-PARTS LIMITED

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 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

83/100

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 78 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 17 years.
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

clean

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr George Alexander Mearns Individual · British · DOB 10/1948 · age 78	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	03/07/2016
Mr James Morrison Murray Individual · British · DOB 04/1951 · age 75	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

1 historic (ceased) PSC

Mr George Alexander Mearnsceased 03/07/2016· 50-75% shares · 50-75% voting · board control

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Retail · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
TOOLDEN LIMITED→ SC453454 · est 2013	£2.60M £1.95M–£3.25M	—	—	56	12y	85	63y
DUNCAN AND TODD LIMITED→ SC065757 · est 1978	£1.87M £1.40M–£2.33M	—	—	351	47y	83	49y
BRODIE COUNTRYFARE LIMITED→ SC146184 · est 1993	£909.2k £681.9k–£1.14M	—	—	121	32y	85	78y
BAYGLEN LIMITED→ SC271209 · est 2004	—	—	£37.8k	—	21y	83	60y
GRAMPIAN POWERCLEAN EQUIPMENT LTD.→ SC240849 · est 2002	—	—	£30.5k	—	23y	83	82y
INTERNATIONAL DOORS AND WINDOWS LIMITED→ SC304831 · est 2006	—	—	—	16	19y	83	65y
KEMNAY PHARMACY LIMITED→ SC245230 · est 2003	—	—	£967.2k	—	23y	83	66y
PETERHEAD HEALTH CENTRE CONSORTIUM LIMITED→ SC060097 · est 1976	—	—	£62.9k	—	49y	83	62y
SOUND TECHNOLOGY AUDIO-VISUAL LIMITED→ SC258755 · est 2003	—	—	—	300	22y	83	79y
THE MAINS OF DRUM GARDEN CENTRE LIMITED→ SC311898 · est 2006	—	—	£465.3k	—	19y	83	71y
THE SANDWICH LARDER LIMITED→ SC327302 · est 2007	—	—	—	37	18y	83	62y
A & J WATT LTD.→ SC248198 · est 2003	—	—	£175.1k	—	23y	82	67y

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

Incorporated1979-10-02

Jurisdictionscotland

Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

22 - 26 Duff Street

Turriff

AB53 4AX

Scotland

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-07-17

Last: 2025-07-03

Officers (4 active · 2 resigned)

MEARNS, George Alexander→

secretary

View their other companies + combined net worth →

Active

BROWN, Eileen May→

director · ~61y · appointed 2009-07-01

View their other companies + combined net worth →

Active

MEARNS, George Alexander→

director · ~78y

View their other companies + combined net worth →

Active

MURRAY, James Morrison→

director · ~75y

View their other companies + combined net worth →

Active

MAIR, Barbara Anne→

director · ~53y · appointed 2009-07-01 · resigned 2017-05-29

Resigned

MCKENZIE, Robert Robb→

director · ~98y · resigned 1994-12-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	01/05/1990	—
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	14/07/1980	—

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

Recent filings (103 total)

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

accounts · AA

2026-03-05

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-03

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

accounts · AA

2025-03-10

confirmation-statement-with-updates

confirmation-statement · CS01

2024-07-05

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

accounts · AA

2024-04-25

confirmation-statement-with-updates

confirmation-statement · CS01

2023-07-18

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

accounts · AA

2023-06-19

confirmation-statement-with-updates

confirmation-statement · CS01

2022-08-01

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

accounts · AA

2022-07-28

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

accounts · AA

2021-07-28

confirmation-statement-with-updates

confirmation-statement · CS01

2021-07-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2021-06-04

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

persons-with-significant-control · PSC07

2021-06-04

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

accounts · AA

2020-07-30

confirmation-statement-with-updates

confirmation-statement · CS01

2020-07-13