M.J.M. SALMON LIMITED

💤Zombieactive

SC092287 · ltd · incorporated 1985-03-19

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 03210

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 58). 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 (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 40.7y

15/100

under pressure

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

· Oldest live charge is 40.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (2 active, 6 linked, 4 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

105 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

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.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-09-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-10-17
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-10-05
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-09-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-31
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-10-01
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-10-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-10-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-10-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-01-31
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-01-05
➖
LYNCH, Paul Gerard resigned
director
2015-10-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2015-01-27
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2007-03-05
➕
ANDERSON, Dermot appointed
secretary
2007-03-05
➕
GALLAGHER, James Francis appointed
director
2007-03-05
➖
MOWAT, Christena Liza resigned
secretary
2007-03-05
➕
LYNCH, Paul Gerard appointed
director
2007-03-05
➖
MOWAT, Ewan Magnus resigned
director
2007-03-05
➖
MOWAT, Laurence Anthony resigned
director
2007-02-22
🔓
Charge satisfied #3
2007-02-20
🔓
Charge satisfied #2
2007-02-20
🔓
Charge satisfied #1
1994-04-28
🔒
Charge registered #3
Lender: Magnus Laurence Flaws & Others as Trustees of Shetland Aquaculture Trust
1987-03-13
🔒
Charge registered #2
Lender: Shetland Islands Council as Trustee
1985-08-19
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1985-03-19
🏢
Company incorporated
As M.J.M. SALMON LIMITED

Owner dependency

93/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

78/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 41 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

medium

Multiple 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 James Francis Gallagher Individual · British · DOB 10/1968 · age 58	—	—	sig. influencesignificant influence	06/04/2016

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 · Agriculture · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A D GRAHAM (FARMER) LIMITED→ SC069941 · est 1979	—	—	—	200	46y	82	63y
BARR FARMS LIMITED→ SC256406 · est 2003	—	—	—	1900	22y	82	70y
OGILVIE WOODLANDS LIMITED→ SC029404 · est 1953 · no financials extracted	—	—	—	—	73y	—	—
R. MARSHALL FARMS LTD→ SC531139 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
RAW CUT STEMS LIMITED→ SC878284 · est 2026 · no financials extracted	—	—	—	—	—	—	—
RITCHIE PROPERTY LIMITED→ SC845840 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RMC1940 LTD→ SC558556 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
ROBERTSONS POTATOES LTD.→ SC290707 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ROBERTSONS TREE CARE LIMITED→ SC450548 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
SC MECHANICAL & AGRI SOLUTIONS LTD→ SC604166 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
SEAWEED FARMING SCOTLAND LIMITED→ SC644479 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
SGORRAN LTD→ SC855330 · 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

Incorporated1985-03-19

Jurisdictionscotland

Primary SIC03210 — SIC 03210

Registered office

C/O Scottish Sea Farms Limited

Laurel House, Laurelhill

Business Park, Stirling

FK7 9JQ

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-23

Last: 2025-12-09

Officers (2 active · 4 resigned)

ANDERSON, Dermot→

secretary · appointed 2007-03-05

View their other companies + combined net worth →

Active

GALLAGHER, James Francis→

director · ~58y · appointed 2007-03-05

View their other companies + combined net worth →

Active

MOWAT, Christena Liza→

secretary · resigned 2007-03-05

Resigned

LYNCH, Paul Gerard→

director · ~57y · appointed 2007-03-05 · resigned 2016-01-05

Resigned

MOWAT, Ewan Magnus→

director · ~64y · resigned 2007-03-05

Resigned

MOWAT, Laurence Anthony→

director · ~68y · resigned 2007-03-05

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
satisfied	Magnus Laurence Flaws & Others as Trustees of Shetland Aquaculture Trust	Floating charge	1 property	28/04/1994	22/02/2007
satisfied	Shetland Islands Council as Trustee	Bond & floating charge	1 property	13/03/1987	20/02/2007
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	19/08/1985	20/02/2007