BARRA SALMON LIMITED

🌳Matureactive
SC101275 · ltd · incorporated 1986-10-13
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 39.7y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2026
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 39.7y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 39.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (86/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
106 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
-£16k-£13k-£10k-£6k-£3k£261Jan 2024Jan 2025Jan 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2026-01-312025-01-312024-01-31
Total assets—£-16.5k—
Current assets—£261—
Net assets—£-16.5k—

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-05-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-05-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-10-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-08-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-04-12
    🔓
    Charge satisfied #1
  17. 2011-03-30
    🔓
    Charge satisfied #2
  18. 1996-02-09
    ➕
    MACMILLAN, Angus Andrew appointed
    secretary
  19. 1996-02-09
    ➕
    MACMILLAN, Angus Andrew, Mr. appointed
    director
  20. 1996-02-09
    ➖
    ZERFAHS, Catriona resigned
    secretary
  21. 1996-02-09
    ➖
    MACNEIL, Jessie Marion resigned
    director
  22. 1996-01-21
    ➕
    MACMILLAN, Elizabeth Julia appointed
    director
  23. 1996-01-21
    ➖
    MCLEOD, Christina Margaret resigned
    director
  24. 1995-02-09
    ➖
    MACPHEE, Michael resigned
    director
  25. 1994-07-14
    ➕
    MACPHEE, Michael appointed
    director
  26. 1990-11-30
    ➖
    PISANESCHI, Eldo resigned
    director
  27. 1990-06-30
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  28. 1986-11-14
    🔒
    Charge registered #1
    Lender: The Highlands and Island Development Board
  29. 1986-10-13
    🏢
    Company incorporated
    As BARRA SALMON LIMITED

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • 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

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr. Angus Andrew Macmillan
Individual · British · DOB 11/1953 · age 73
75–100%
—75-100% shares06/04/2016

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 →

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£9.6k
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£63.7k—2006y8447y
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——£180.6k—21y8271y
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———10022y8268y
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——£59.6k—27y8185y
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——£1.0k—20y8084y
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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
Incorporated1986-10-13
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

Bornish House
Bornish
Isle Of South Uist
HS8 5SA

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04

Officers (3 active · 5 resigned)

MACMILLAN, Angus Andrew→
secretary · appointed 1996-02-09
View their other companies + combined net worth →
Active
MACMILLAN, Angus Andrew, Mr.→
director · ~73y · appointed 1996-02-09
View their other companies + combined net worth →
Active
MACMILLAN, Elizabeth Julia→
director · ~69y · appointed 1996-01-21
View their other companies + combined net worth →
Active
ZERFAHS, Catriona→
secretary · resigned 1996-02-09
Resigned
MACNEIL, Jessie Marion→
director · ~80y · resigned 1996-02-09
Resigned
MACPHEE, Michael→
director · ~75y · appointed 1994-07-14 · resigned 1995-02-09
Resigned
MCLEOD, Christina Margaret→
director · ~81y · resigned 1996-01-21
Resigned
PISANESCHI, Eldo→
director · ~81y · resigned 1990-11-30
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property30/06/199030/03/2011
satisfied
The Highlands and Island Development Board
Instrument of charge1 property14/11/198612/04/2011

Recent filings (106 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-11