TERREGLES SALMON CO. LIMITED

💤Zombieactive
SC107845 · ltd · incorporated 1987-11-26
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. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 38.2y

15/100
under pressure

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

  • · Oldest live charge is 38.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (58/100)

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
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 4 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
134 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-10-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-10-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-08-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2021-08-05
    🔓
    Charge satisfied #9
  8. 2020-12-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-01-29
    ➖
    REA, John resigned
    director
  10. 2020-01-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-10-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2018-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2017-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-10-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2016-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-11-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2015-03-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-04-15
    🔒
    Charge registered #9
    Lender: Other
  19. 2007-07-05
    🔓
    Charge satisfied #6
  20. 2007-07-05
    🔓
    Charge satisfied #8
  21. 2007-07-05
    🔓
    Charge satisfied #5
  22. 2007-07-05
    🔓
    Charge satisfied #4
  23. 2007-07-05
    🔓
    Charge satisfied #3
  24. 2007-06-29
    ➕
    ANDERSON, Dermot appointed
    secretary
  25. 2007-06-29
    ➕
    GALLAGHER, James Francis appointed
    director
  26. 2007-06-29
    ➖
    FISHER, Cherie Tennant resigned
    secretary
  27. 2007-06-29
    ➖
    BAXTER, William resigned
    director
  28. 2007-06-29
    ➕
    REA, John appointed
    director
  29. 2007-03-12
    ➕
    FISHER, Cherie Tennant appointed
    secretary
  30. 2007-02-27
    ➖
    BAIRD, Basil Craig resigned
    secretary
  31. 1995-11-28
    🔓
    Charge satisfied #2
  32. 1995-04-05
    🔒
    Charge registered #6
    Lender: Midland Bank PLC
  33. 1995-03-31
    🔒
    Charge registered #8
    Lender: Midland Bank PLC
  34. 1994-12-31
    ➖
    ELLIOTT, James Andrew Kenneth resigned
    director
  35. 1993-01-06
    ➕
    BAIRD, Basil Craig appointed
    secretary
  36. 1993-01-06
    ➖
    MCKENZIE, Roderick Cheyne resigned
    secretary
  37. 1992-12-04
    🔒
    Charge registered #5
    Lender: Tsb Bank PLC
  38. 1992-12-04
    🔒
    Charge registered #4
    Lender: Dansk Orredfoder a/S
  39. 1992-11-26
    🔒
    Charge registered #3
    Lender: Dansk Orredfoder a/S
  40. 1992-11-20
    ➖
    BAIRD, Basil Craig resigned
    secretary
  41. 1992-11-20
    ➕
    MCKENZIE, Roderick Cheyne appointed
    secretary
  42. 1991-12-13
    ➕
    BAIRD, Basil Craig appointed
    secretary
  43. 1991-12-13
    ➖
    WILLIAMS, Rowena resigned
    secretary
  44. 1990-11-26
    🔓
    Charge satisfied #1
  45. 1990-02-01
    ➖
    WILLIAMS, Peter resigned
    director
  46. 1989-11-06
    🔒
    Charge registered #2
    Lender: Tsb Bank Scotland PLC
  47. 1989-01-03
    ➕
    WILLIAMS, Peter appointed
    director
  48. 1988-03-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  49. 1987-11-26
    🏢
    Company incorporated
    As TERREGLES SALMON CO. 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 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

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
NameSharesVoting rightsNature of controlNotified
Mr James Francis Gallagher
Individual · British · DOB 10/1968 · age 58
——sig. influencesignificant influence06/04/2016

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
LAKE OF MENTEITH FISHERIES LIMITED (THE)→
SC043307 · est 1966
——£360.5k—60y8388y
A D GRAHAM (FARMER) LIMITED→
SC069941 · est 1979
———20046y8263y
BARR FARMS LIMITED→
SC256406 · est 2003
———190022y8270y
CHRISTIE STEWART LTD→
SC174039 · est 1997
——£672.9k—29y8260y
COXHILL FARM LIMITED→
SC292962 · est 2005
———020y8268y
GSP FARMS LIMITED→
SC046588 · est 1969 · no financials extracted
————57y8258y
JOHN CAMERON. (GRAZIER) LIMITED→
SC033835 · est 1959
———20067y8274y
LAURENT BIENFAIT WOODLANDS SERVICES LIMITED→
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——£254.1k—16y8264y
LAXDALE FOODSERVICE LIMITED→
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——£1.80M—65y8289y
LINKSFIELD LAND DRAINAGE LIMITED→
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———028y8258y
SCOTTISH SEA FARMS SALES LIMITED→
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————30y8258y
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———421y8258y
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
Incorporated1987-11-26
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

C/O Scottish Sea Farms Limited
Laurel House Laurelhill Business
Park Stirling
Stirlingshire
FK7 9JQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-15
Last: 2026-03-01

Officers (2 active · 9 resigned)

ANDERSON, Dermot→
secretary · appointed 2007-06-29
View their other companies + combined net worth →
Active
GALLAGHER, James Francis→
director · ~58y · appointed 2007-06-29
View their other companies + combined net worth →
Active
BAIRD, Basil Craig→
secretary · appointed 1993-01-06 · resigned 2007-02-27
Resigned
BAIRD, Basil Craig→
secretary · appointed 1991-12-13 · resigned 1992-11-20
Resigned
FISHER, Cherie Tennant→
secretary · appointed 2007-03-12 · resigned 2007-06-29
Resigned
MCKENZIE, Roderick Cheyne→
secretary · appointed 1992-11-20 · resigned 1993-01-06
Resigned
WILLIAMS, Rowena→
secretary · resigned 1991-12-13
Resigned
BAXTER, William→
director · ~84y · resigned 2007-06-29
Resigned
ELLIOTT, James Andrew Kenneth→
director · ~70y · resigned 1994-12-31
Resigned
REA, John→
director · ~61y · appointed 2007-06-29 · resigned 2020-01-29
Resigned
WILLIAMS, Peter→
director · appointed 1989-01-03 · resigned 1990-02-01
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Other
Bond & floating charge1 property15/04/200805/08/2021
satisfied
Midland Bank
Midland Bank PLC
Standard security1 property05/04/199505/07/2007
satisfied
Midland Bank
Midland Bank PLC
Bond & floating charge1 property31/03/199505/07/2007
satisfied
Lloyds Banking Group
Tsb Bank PLC
Standard security1 property04/12/199205/07/2007
satisfied
Dansk Orredfoder a/S
Standard security1 property04/12/199205/07/2007
satisfied
Dansk Orredfoder a/S
Bond & floating charge1 property26/11/199205/07/2007
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Bond & floating charge1 property06/11/198928/11/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property24/03/198826/11/1990

Recent filings (134 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
accounts-with-accounts-type-dormant
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-dormant
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-dormant
accounts · AA
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
accounts-with-accounts-type-dormant
accounts · AA
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-dormant
accounts · AA
2021-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-23
accounts-with-accounts-type-dormant
accounts · AA
2020-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-03
termination-director-company-with-name-termination-date
officers · TM01
2020-01-29