RATTRAY ESTATES LIMITED

💤Zombieactive
SC101814 · ltd · incorporated 1986-11-11
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
—
year to Dec 2024
Net worth
£22.0k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £21,992

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£22k
Current Assets
£375k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£22.0k
Current assets£374.7k
Net assets£22.0k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-21
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  2. 2025-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-08-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-05-03
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  7. 2023-10-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-09-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-09-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-08-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-05-26
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  15. 2021-05-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2019-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-10-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2012-10-01
    ➕
    BURNETT & REID LLP appointed
    corporate-secretary
  20. 2012-09-30
    ➖
    BURNETT & REID resigned
    corporate-secretary
  21. 1997-10-21
    ➕
    COMYN, Adam James Basque appointed
    director
  22. 1997-10-21
    ➖
    CUMYN, Adam Peter Francis resigned
    director
  23. 1993-01-22
    ➖
    SMITH, Brenda resigned
    secretary
  24. 1993-01-22
    ➕
    BURNETT & REID appointed
    corporate-secretary
  25. 1987-04-01
    ➖
    SUTHERLAND, John Grant resigned
    director
  26. 1986-12-06
    ➕
    SUTHERLAND, John Grant appointed
    director
  27. 1986-11-11
    🏢
    Company incorporated
    As RATTRAY ESTATES LIMITED

Owner dependency

85/100
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 29 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 39 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
NameSharesVoting rightsNature of controlNotified
Mr Francois Morin
Individual · Canadian · DOB 10/1963 · age 63
——board controlboard control15/09/2019
1 historic (ceased) PSC
  • Mr Jonathan Richard Benfordceased 15/09/2019· board control · significant influence

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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————13y——
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————3y——
RITCHIE'S PLANT HIRE LIMITED→
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RJB (SCOTLAND) LTD.→
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————21y——
RJD FARMS LIMITED→
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———————
ROBERT SOUTER (LICOLA) LIMITED→
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————7y——
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
Incorporated1986-11-11
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Suite A
1 Albyn Place
Aberdeen
AB10 1BR
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (2 active · 4 resigned)

BURNETT & REID LLP→
corporate-secretary · appointed 2012-10-01
View their other companies + combined net worth →
Active
COMYN, Adam James Basque→
director · ~56y · appointed 1997-10-21
View their other companies + combined net worth →
Active
SMITH, Brenda→
secretary · resigned 1993-01-22
Resigned
BURNETT & REID→
corporate-secretary · appointed 1993-01-22 · resigned 2012-09-30
Resigned
CUMYN, Adam Peter Francis→
director · ~85y · resigned 1997-10-21
Resigned
SUTHERLAND, John Grant→
director · ~82y · appointed 1986-12-06 · resigned 1987-04-01
Resigned

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

Recent filings (113 total)

accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-05
change-person-director-company-with-change-date
officers · CH01
2024-08-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-03
change-corporate-secretary-company-with-change-date
officers · CH04
2024-05-03
change-person-director-company-with-change-date
officers · CH01
2023-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10