BAKKAFROST SCOTLAND LIMITED

🌳Matureactive

SC107275 · ltd · incorporated 1987-10-23

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 Dec 2023

Net worth

—

book net assets

Opportunity

77/100

Strong

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What this business does

Primary activity: SIC 03210

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 19 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

28 live charges · 19 lenders · oldest 38.0y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 38.0 years old — likely at or near maturity.
· 19 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

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

Lenders & charges

28 charges (28/28 with lender, 28/28 with type)

Directors & officers

50 officers (6 active, 50 linked, 45 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

332 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £35,542,000

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-12-31
Profit before tax	£-35.54M
Average employees	56900

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

🔒Filing-note intelligence

3 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

filings

• 1 miscellaneous
• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 3 officers
• 1 miscellaneous
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (168 events)Click to expand

2026-03-26
📄
legacy
miscellaneous · ANNOTATION
2026-03-10
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-15
🔓
Charge satisfied #27
2025-12-19
📄
capital-allotment-shares
capital · SH01
2025-12-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
➖
AARSKOG, Alf-Helge resigned
director
2025-11-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-01
📄
accounts-with-accounts-type-full
accounts · AA
2025-09-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-30
➖
SANDVIK, Øystein resigned
director
2024-12-16
📄
capital-allotment-shares
capital · SH01
2024-09-27
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-30
➕
AARSKOG, Alf-Helge appointed
director
2024-02-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-17
📄
capital-allotment-shares
capital · SH01
2023-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2022-06-06
➕
HØJGAARD, Guðrið appointed
director
2022-06-06
➖
JENSEN, Johannes resigned
director
2022-06-06
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2022-03-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-08
🔒
Charge registered #28
Lender: Nordea Bank Abp, Filial I Norge (As Security Trustee)
2021-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2021-05-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-05-06
➕
JACOBSEN, Jóhan Regin appointed
director
2021-02-22
➖
COX, Susan Margaret resigned
director
2021-02-22
➖
ELIASEN, Odd resigned
director
2021-02-22
➖
JACOBSEN, Jóhan Regin resigned
director
2021-02-19
➕
FREDERIKSBERG, Annika appointed
director
2021-02-19
➕
HANSEN, Runi appointed
director
2021-02-19
➕
SAMUELSEN, Teitur appointed
director
2021-02-19
➕
WATHNE, Einar appointed
director
2021-02-19
➕
JENSEN, Johannes appointed
director
2021-02-19
➕
SANDVIK, Øystein appointed
director
2020-11-06
🔓
Charge satisfied #26
2020-10-30
🔒
Charge registered #27
Lender: Nordea Bank Abp, Filial I Norge (As Security Agent)
2020-09-28
🔓
Charge satisfied #25
2020-09-28
🔓
Charge satisfied #24
2020-09-28
🔓
Charge satisfied #23
2019-12-23
➖
ANDERSON, Craig resigned
director
2019-12-23
🔒
Charge registered #26
Lender: Nordea Bank Abp, Filial I Norge (As Security Agent)
2019-12-12
➕
ELIASEN, Odd appointed
director
2019-12-12
➕
JACOBSEN, Jóhan Regin appointed
director
2019-09-20
➖
LARKIN, Fiona Mitchell resigned
director
2019-04-30
➖
MORISONS SECRETARIES LIMITED resigned
corporate-secretary
2019-03-11
🔒
Charge registered #25
Lender: Bank of Scotland PLC as Security Trustee
2019-01-08
🔒
Charge registered #24
Lender: Bank of Scotland PLC (As Security Trustee)

Showing most recent 50 of 168 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.

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.

Group structure

P/F Bakkafrost is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

P/F Bakkafrost

Corporate parent · holds 75-100% shares

ultimate parent

⬇

BAKKAFROST SCOTLAND LIMITED

This company · SC107275

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
P/F Bakkafrost Corporate entity	75–100%	—	75-100% shares	05/03/2020

1 historic (ceased) PSC

The Scottish Salmon Company Plcceased 02/03/2020· 75-100% shares · 75-100% voting

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

Similar companies

Active · Agriculture · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CRAIGENGILLAN ESTATES (NO 1) COMPANY LIMITED→ SC124520 · est 1990	£3.87M £2.98M–£4.77M	—	—	0	36y	83	63y
APF INTERNATIONAL FOREST MACHINERY EXHIBITION LTD.→ SC228249 · est 2002	£278.2k £214.0k–£342.4k	—	—	500	24y	95	79y
ALDERSTON DAIRIES LIMITED→ SC241138 · est 2002	—	—	£114.4k	—	23y	83	74y
CAITHNESS POTATO BREEDERS LIMITED→ SC082730 · est 1983	—	—	£1.36M	—	43y	83	68y
CARCANT ESTATES LIMITED→ SC030457 · est 1954	—	—	£269.0k	—	71y	83	69y
DENHOLM POTATO GROWERS LIMITED→ SC089295 · est 1984	—	—	£453.8k	—	41y	83	61y
DODS OF HADDINGTON LIMITED→ SC056452 · est 1974	—	—	£2.26M	—	51y	83	72y
DOUGLAS ORR & COMPANY LIMITED→ SC185757 · est 1998	—	—	—	1	27y	83	70y
E.C. TIMBER LIMITED→ SC170450 · est 1996	—	—	—	—	29y	83	99y
EAST COAST ORGANICS LTD→ SC297585 · est 2006	—	—	£1.21M	—	20y	83	63y
EAST LOTHIAN PRODUCE LIMITED→ SC185473 · est 1998	—	—	£8.19M	—	27y	83	73y
S & M GRUHAM LTD→ SC585555 · est 2018 · no financials extracted	—	—	—	—	8y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated1987-10-23

Jurisdictionscotland

Primary SIC03210 — SIC 03210

Registered office

28 Drumsheugh Gardens

Edinburgh

EH3 7RN

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-24

Last: 2026-01-10