SGEIR MHOR (SALMON) LIMITED

🌳Matureactive
SC115721 · ltd · incorporated 1989-01-23
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.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£60.8k
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
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 36.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 36.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
89 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £60,813
Net assets shrinking
Down £25,753 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£61k
↓ 30% YoY
Current Assets
£97k
↑ 63% YoY
Current Liabilities
—
£0£19k£39k£58k£77k£97kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£63.3k£91.7k
Current assets£96.6k£59.3k
Net assets£60.8k£86.6k

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
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-10-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-10-08
    🔓
    Charge satisfied #3
  6. 2024-10-08
    🔓
    Charge satisfied #2
  7. 2023-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-01-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2022-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-11-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-12-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-10-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2002-02-28
    🔓
    Charge satisfied #4
  19. 2002-01-28
    🔓
    Charge satisfied #1
  20. 1995-01-06
    🔒
    Charge registered #4
    Lender: Highlands and Islands Enterprise
  21. 1994-11-29
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  22. 1989-07-11
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  23. 1989-05-15
    🔒
    Charge registered #1
    Lender: Highland and Islands Development Board
  24. 1989-01-23
    🏢
    Company incorporated
    As SGEIR MHOR (SALMON) LIMITED
  25. 1989-01-23
    ➕
    GRANT, Marlene Anne appointed
    secretary
  26. 1989-01-23
    ➕
    GRANT, Ewen Alexander appointed
    director
  27. 1989-01-23
    ➕
    GRANT, Marlene Anne appointed
    director

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 37 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — 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 70 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 37 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 37 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ewen Alexander Grant
Individual · Scottish · DOB 07/1956 · age 70
25–50%
—25-50% shares06/04/2016
Mrs Marlene Anne Grant
Individual · Scottish · DOB 10/1960 · age 66
25–50%
—25-50% shares06/04/2016

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

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ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
SMALLBURN FARMS LIMITED→
SC099667 · est 1986 · no financials extracted
————39y——
SMIR SCOTLAND LIMITED→
SC553111 · est 2016 · no financials extracted
————9y——
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SC609929 · est 2018 · no financials extracted
————7y——
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SC113051 · est 1988 · no financials extracted
————37y——
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————24y——
SUTHERLAND COMMUNITY SEAWEED CIC→
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———————
TARTAN TIMBER HARVESTING LTD→
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———————
THE KYLESKU CROFTERS TRUST LIMITED→
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————25y——
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————9y——
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————10y——
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
Incorporated1989-01-23
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

2 Fisherfield Viewfield Road
Portree
IV51 9EU
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-11
Last: 2025-12-28

Officers (3 active · 0 resigned)

GRANT, Marlene Anne→
secretary · appointed 1989-01-23
View their other companies + combined net worth →
Active
GRANT, Ewen Alexander→
director · ~70y · appointed 1989-01-23
View their other companies + combined net worth →
Active
GRANT, Marlene Anne→
director · ~66y · appointed 1989-01-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Highlands and Islands Enterprise
Standard security1 property06/01/199528/02/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property29/11/199408/10/2024
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property11/07/198908/10/2024
satisfied
Highland and Islands Development Board
Floating charge1 property15/05/198928/01/2002

Recent filings (89 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-08
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-04