AGRICAR LIMITED
📈Growthactive
SC100191 · ltd · incorporated 1986-07-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
PursueLeverage-led grower with a 83-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 83). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).
🏦
Refinance opportunity
16 live charges · 5 lenders · oldest 39.4y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 39.4 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
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
75
Lenders & charges
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
9 officers (5 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
153 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £492,344
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 | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £492.3k | £343.4k |
| Average employees | 111 | 11500 |
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
2
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-12-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-25📄accounts-with-accounts-type-fullaccounts · AA
- 2025-08-01➖MILNE, Michael John resigneddirector
- 2025-08-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-07📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2024-08-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-08🔒Charge registered #20Lender: Barclays Bank PLC
- 2024-08-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-30🔒Charge registered #19Lender: Barclays Bank PLC
- 2023-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-28📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-01-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-06📄mortgage-charge-part-both-with-charge-numbermortgage · MR05
- 2021-01-06🔓Charge satisfied #14
- 2019-09-27📄accounts-with-accounts-type-fullaccounts · AA
- 2018-09-28📄accounts-with-accounts-type-fullaccounts · AA
- 2014-01-25🔓Charge satisfied #17
- 2014-01-17🔒Charge registered #18Lender: Barclays Bank PLC
- 2014-01-17🔓Charge satisfied #11
- 2014-01-17🔓Charge satisfied #10
- 2014-01-17🔓Charge satisfied #8
- 2014-01-17🔓Charge satisfied #3
- 2014-01-15🔓Charge satisfied #12
- 2013-12-20🔒Charge registered #17Lender: Barclays Bank PLC
- 2013-12-20🔒Charge registered #16Lender: Barclays Bank PLC
- 2013-12-20🔒Charge registered #15Lender: Barclays Bank PLC
- 2013-12-20🔓Charge satisfied #2
- 2013-12-19🔒Charge registered #14Lender: Barclays Bank PLC
- 2013-11-28🔒Charge registered #13Lender: Barclays Bank PLC
- 2013-07-17🔒Charge registered #12Lender: Bank of Scotland PLC
- 2013-07-17🔒Charge registered #11Lender: Bank of Scotland PLC
- 2010-03-17🔒Charge registered #10Lender: Bank of Scotland PLC
- 2008-09-01➕SMITH, Wendy appointedsecretary
- 2008-09-01➕JOHNSTON, Derek appointeddirector
- 2008-09-01➕SMITH, Wendy appointeddirector
- 2008-09-01➖JOHNSTON, James resignedsecretary
- 2008-09-01➕MILNE, Michael John appointeddirector
- 2008-01-25🔓Charge satisfied #9
- 2002-04-30➖MASON, David James resigneddirector
- 1996-05-28➖MCDOUGALL, Raymond Murdo resigneddirector
- 1994-03-25➕MASON, David James appointeddirector
- 1993-03-01➕MCDOUGALL, Raymond Murdo appointeddirector
- 1992-08-12🔓Charge satisfied #1
- 1992-05-26🔒Charge registered #9Lender: Barclays Mercantile Highland Finance Limited
- 1992-01-07🔒Charge registered #8Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 54 events
Owner dependency
73/100
High — earn-out structure requiredMaterial 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 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 83 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 40 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr John David Milne Individual · British · DOB 06/1943 · age 83 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr James Johnstonceased 14/06/2025· 25-50% shares · 25-50% voting
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 · Wholesale & distribution · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AYDYA LIMITED→ SC367967 · est 2009 | £6.95M £5.21M–£8.69M | — | — | 21 | 16y | 83 | 56y |
| LOWS OF DUNDEE LIMITED→ SC100628 · est 1986 | £1.26M £946.7k–£1.58M | — | — | 24 | 39y | 85 | 89y |
| BUCKLER BOOTS LIMITED→ SC182006 · est 1998 | — | — | — | 20 | 28y | 83 | 82y |
| ABF WORKSPACE LIMITED→ SC394840 · est 2011 | — | — | — | 3 | 15y | 82 | 58y |
| ANGUS HEATHERS LIMITED→ SC201814 · est 1999 | — | — | — | 100 | 26y | 82 | 66y |
| DWK OFFICE SOLUTIONS LIMITED→ SC258582 · est 2003 | — | — | — | 300 | 22y | 82 | 67y |
| H.W. COMERY LIMITED→ SC055368 · est 1974 | — | — | £735.5k | — | 52y | 82 | 78y |
| HARBOUR ENGINEERING (ABERDEEN) LIMITED→ SC076946 · est 1981 | — | — | £21.9k | — | 44y | 82 | 71y |
| JAMES CRAMOND LIMITED→ SC248481 · est 2003 | — | — | — | 2 | 23y | 82 | 74y |
| JAMES MACKIE (DUNDEE) LIMITED→ SC255780 · est 2003 | — | — | — | 600 | 22y | 82 | 63y |
| KINNEFF FARMS LIMITED→ SC392512 · est 2011 | — | — | — | 200 | 15y | 82 | 84y |
| RENEWABLE ENERGY COMPLIANCE LTD→ SC809880 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Typeltd
Incorporated1986-07-23
Jurisdictionscotland
Primary SIC46140 — SIC 46140
Registered office
Milton
Padanaram
By Forfar
Angus
DD8 1PF
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19
Officers (5 active · 4 resigned)
Active
JOHNSTON, Derek→
Activedirector · ~46y · appointed 2008-09-01
View their other companies + combined net worth →
Active
Active
SMITH, Wendy→
Activedirector · ~49y · appointed 2008-09-01
View their other companies + combined net worth →
JOHNSTON, James→
Resignedsecretary · resigned 2008-09-01
MASON, David James→
Resigneddirector · ~70y · appointed 1994-03-25 · resigned 2002-04-30
MCDOUGALL, Raymond Murdo→
Resigneddirector · ~70y · appointed 1993-03-01 · resigned 1996-05-28
MILNE, Michael John→
Resigneddirector · ~58y · appointed 2008-09-01 · resigned 2025-08-01
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
6
Outstanding
1
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 08/08/2024 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 30/07/2024 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 17/01/2014 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/12/2013 | 25/01/2014 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/12/2013 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 20/12/2013 | — | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 19/12/2013 | 06/01/2021 | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 28/11/2013 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 17/07/2013 | 15/01/2014 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 17/07/2013 | 17/01/2014 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 17/03/2010 | 17/01/2014 | |
| satisfied | Barclays Barclays Mercantile Highland Finance Limited | Bond & floating charge | 1 property | 26/05/1992 | 25/01/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 07/01/1992 | 17/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 24/12/1986 | 17/01/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 02/12/1986 | 20/12/2013 | |
| satisfied | Nws Trust Nws Trust LTD | Bond & floating charge | 1 property | 02/12/1986 | 12/08/1992 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (153 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-19
accounts-with-accounts-type-full
accounts · AA
2025-09-25
termination-director-company-with-name-termination-date
officers · TM01
2025-08-01
change-person-director-company-with-change-date
officers · CH01
2025-08-01
change-person-secretary-company-with-change-date
officers · CH03
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-12
accounts-with-accounts-type-full
accounts · AA
2024-09-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-full
accounts · AA
2023-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-04
accounts-with-accounts-type-full
accounts · AA
2022-09-30