STEWARTS OF TAYSIDE LIMITED
🌳Matureactive
SC109136 · ltd · incorporated 1988-02-10
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 May 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 01130SIC 01130
Investor take
PursueLeverage-led grower with a 66-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 66). Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).
🏦
Refinance opportunity
25 live charges · 8 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.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
25 charges (25/25 with lender, 25/25 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 11 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
173 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
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 £3,416,231
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 | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Profit before tax | £3.42M | £4.15M |
| Average employees | 516 | 45100 |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
- 2026-02-18📄accounts-with-accounts-type-fullaccounts · AA
- 2025-02-28📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-02🔒Charge registered #25Lender: Hsbc UK Bank PLC
- 2024-05-10📄capital-name-of-class-of-sharescapital · SH08
- 2024-05-09📄memorandum-articlesincorporation · MA
- 2024-05-09📄resolutionresolution · RESOLUTIONS
- 2024-02-19📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-01-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-13📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-16📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-12-06🔒Charge registered #24Lender: Hsbc UK Bank PLC
- 2021-05-27📄accounts-with-accounts-type-fullaccounts · AA
- 2020-03-03📄accounts-with-accounts-type-fullaccounts · AA
- 2019-09-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-09-04🔒Charge registered #23Lender: Hsbc UK Bank PLC
- 2019-03-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-25🔒Charge registered #22Lender: Hsbc Bank PLC
- 2019-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-03-21🔓Charge satisfied #14
- 2019-03-21🔓Charge satisfied #13
- 2019-03-21🔓Charge satisfied #12
- 2019-03-21🔓Charge satisfied #11
- 2019-03-21🔓Charge satisfied #10
- 2019-03-14🔒Charge registered #21Lender: Hsbc UK Bank PLC
- 2019-03-05🔒Charge registered #16Lender: Hsbc Invoice Finance (UK) LTD
- 2019-03-01🔒Charge registered #20Lender: Hsbc Bank PLC
- 2019-03-01🔒Charge registered #19Lender: Hsbc UK Bank PLC
- 2019-03-01🔒Charge registered #18Lender: Hsbc UK Bank PLC
- 2019-03-01🔒Charge registered #17Lender: Hsbc UK Bank PLC
- 2019-02-26➖STEWART, James Cameron resigneddirector
- 2019-02-25🔒Charge registered #15Lender: Hsbc UK Bank PLC
- 2018-10-16➖ETHERSON, Michael resigneddirector
- 2018-08-20➖MEEK, James resigneddirector
- 2016-12-01➕ETHERSON, Michael appointeddirector
- 2016-04-06➕STEWART, Sheena Jackson appointeddirector
- 2016-04-06➕MEEK, James appointeddirector
- 2016-02-23🔒Charge registered #14Lender: Clydesdale Bank PLC
- 2016-02-23🔒Charge registered #13Lender: Clydesdale Bank PLC
- 2015-11-20➕STEWART, Liam Hardie appointeddirector
- 2015-10-29🔒Charge registered #12Lender: Clydesdale Bank PLC
- 2015-10-21➖STEWART, Mary Elizabeth resignedsecretary
- 2015-10-21➖STEWART, Mary Elizabeth resigneddirector
- 2015-10-21🔒Charge registered #11Lender: James Cameron Stewart
- 2015-10-21🔒Charge registered #10Lender: Clydesdale Bank PLC
- 2015-10-16🔓Charge satisfied #9
- 2015-10-16🔓Charge satisfied #8
Showing most recent 50 of 74 events
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 38 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.
12 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Stewarts Produce Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Stewarts Produce Limited
Corporate parent · holds 75-100% shares · board control
⬇
STEWARTS OF TAYSIDE LIMITED
This company · SC109136
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 |
|---|---|---|---|---|
Stewarts Produce Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Stewarts Of Tayside (Holdings) Limitedceased 25/02/2019· 75-100% shares
- Mr William Hardie Stewartceased 31/10/2016· 75-100% shares
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 · Agriculture · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ROBERT MORRIS & SON LIMITED→ SC013361 · est 1924 · no financials extracted | — | — | — | — | 101y | — | — |
| SS ARB TREE SOLUTIONS LIMITED→ SC500256 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| STEWART FARMS LIMITED→ SC068940 · est 1979 · no financials extracted | — | — | — | — | 46y | — | — |
| STRATHMORE POTATO GROWERS LIMITED→ SC352060 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| STRONABA PRODUCE LTD→ SC699140 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| STRONE CROFT LTD→ SC608181 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| SUNART SEA FARM LIMITED→ SC207184 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| TAYBANK GROWERS COOPERATIVE→ SC560056 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| TAYSIDE FORESTRY SERVICES LIMITED→ SC247229 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| TC LABOUR LTD→ SC666435 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| THE BONNIE FORESTRY COMPANY LTD→ SC860967 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE HORNY SHEEP COMPANY LTD→ SC809376 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1988-02-10
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds
Registered office
Tofthill
Glencarse
Perth
PH2 7LS
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-27
Last: 2025-05-13
Officers (4 active · 8 resigned)
BAXTER, Douglas William→
Activedirector · ~50y · appointed 2014-12-01
View their other companies + combined net worth →
STEWART, Liam Hardie→
Activedirector · ~38y · appointed 2015-11-20
View their other companies + combined net worth →
STEWART, Sheena Jackson→
Activedirector · ~63y · appointed 2016-04-06
View their other companies + combined net worth →
STEWART, William Hardie→
Activedirector · ~66y · appointed 1997-06-01
View their other companies + combined net worth →
STEWART, Mary Elizabeth→
Resignedsecretary · resigned 2015-10-21
ETHERSON, Michael→
Resigneddirector · ~51y · appointed 2016-12-01 · resigned 2018-10-16
ETHERSON, Michael→
Resigneddirector · ~51y · appointed 2012-04-06 · resigned 2013-12-09
GIBSON, Fraser Bruce→
Resigneddirector · ~65y · appointed 2001-11-30 · resigned 2014-07-27
MEEK, James→
Resigneddirector · ~65y · appointed 2016-04-06 · resigned 2018-08-20
STEWART, James Cameron→
Resigneddirector · ~77y · resigned 2019-02-26
STEWART, Mary Elizabeth→
Resigneddirector · ~76y · resigned 2015-10-21
WHYTOCK, Andrew James→
Resigneddirector · ~65y · appointed 2002-07-04 · resigned 2012-04-06
Click a director name to see their full track record across all companies.
Mortgages & charges
25
Total charges
12
Outstanding
2
Active lenders
Status:Lender:25 of 25 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 02/12/2024 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 06/12/2021 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 04/09/2019 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 25/03/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 14/03/2019 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 05/03/2019 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 01/03/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/03/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/03/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 01/03/2019 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 25/02/2019 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 23/02/2016 | 21/03/2019 | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 23/02/2016 | 21/03/2019 | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | 4 properties | 29/10/2015 | 21/03/2019 | |
| satisfied | James Cameron Stewart | A registered charge | — | 21/10/2015 | 21/03/2019 | |
| satisfied | Virgin Money Clydesdale Bank PLC | A registered charge | — | 21/10/2015 | 21/03/2019 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 27/04/2011 | 16/10/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 18/04/2011 | 16/10/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 18/04/2011 | 16/10/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 18/04/2011 | 16/10/2015 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 18/04/2011 | 16/10/2015 | |
| outstanding | & Another / The Honourable Christian James Charles Hoyer Millar | Standard security | 1 property | 25/01/2010 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 15/12/1998 | 08/02/2000 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 01/06/1988 | 16/10/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 15/04/1988 | 04/12/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (173 total)
accounts-with-accounts-type-full
accounts · AA
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-full
accounts · AA
2025-02-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-09
capital-name-of-class-of-shares
capital · SH08
2024-05-10
memorandum-articles
incorporation · MA
2024-05-09
resolution
resolution · RESOLUTIONS
2024-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-full
accounts · AA
2024-02-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-01-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-full
accounts · AA
2023-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-18