ORKNEY SEA FARMS LIMITED

💤Zombieactive
SC122102 · ltd · incorporated 1989-12-27
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 35.7y

15/100
under pressure

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

  • · Oldest live charge is 35.7 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 5 with DOB)
79
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
127 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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (48 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 #7
  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. 2019-10-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2018-10-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2017-10-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2016-10-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2016-01-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-10-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2015-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-04-17
    🔒
    Charge registered #7
    Lender: Dnb Bank Asa
  19. 2007-07-05
    🔓
    Charge satisfied #6
  20. 2007-07-05
    🔓
    Charge satisfied #4
  21. 2007-07-05
    🔓
    Charge satisfied #2
  22. 2007-07-05
    🔓
    Charge satisfied #1
  23. 2007-06-29
    ➕
    ANDERSON, Dermot appointed
    secretary
  24. 2007-06-29
    ➕
    GALLAGHER, James Francis appointed
    director
  25. 2007-06-29
    ➖
    FISHER, Cherie Tennant resigned
    secretary
  26. 2007-06-29
    ➖
    BAXTER, William resigned
    director
  27. 2007-06-29
    ➕
    REA, John appointed
    director
  28. 2007-03-12
    ➕
    FISHER, Cherie Tennant appointed
    secretary
  29. 2007-02-27
    ➖
    BAIRD, Basil Craig resigned
    secretary
  30. 2003-02-10
    ➖
    MOSS, Gavin Dirk resigned
    director
  31. 2002-02-20
    ➕
    MOSS, Gavin Dirk appointed
    director
  32. 1998-02-09
    ➖
    GARDINER, Robert Iain resigned
    director
  33. 1995-11-28
    🔓
    Charge satisfied #3
  34. 1995-05-16
    ➕
    GARDINER, Robert Iain appointed
    director
  35. 1995-03-31
    🔒
    Charge registered #6
    Lender: Midland Bank PLC
  36. 1993-01-06
    ➕
    BAIRD, Basil Craig appointed
    secretary
  37. 1993-01-06
    ➖
    MCKENZIE, Roderick Cheyne resigned
    secretary
  38. 1992-11-26
    🔒
    Charge registered #4
    Lender: Dansk Orredfoder a/S
  39. 1992-11-20
    ➖
    BAIRD, Basil Craig resigned
    secretary
  40. 1992-11-20
    ➕
    MCKENZIE, Roderick Cheyne appointed
    secretary
  41. 1991-11-12
    ➕
    BAIRD, Basil Craig appointed
    secretary
  42. 1991-11-12
    ➖
    WILLIAMS, Rowena resigned
    secretary
  43. 1991-08-01
    🔒
    Charge registered #3
    Lender: Tsb Bank Scotland PLC
  44. 1991-03-04
    🔒
    Charge registered #2
    Lender: Tsb Bank Scotland PLC
  45. 1990-09-11
    🔒
    Charge registered #1
    Lender: Tsb Bank Scotland PLC
  46. 1990-02-05
    ➕
    WILLIAMS, Rowena appointed
    secretary
  47. 1990-02-05
    ➕
    BAXTER, William appointed
    director
  48. 1989-12-27
    🏢
    Company incorporated
    As ORKNEY SEA FARMS 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 36 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 →

Similar companies

Active · Agriculture · FK postcode area
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→
SC360661 · est 2009
——£254.1k—16y8264y
LAXDALE FOODSERVICE LIMITED→
SC035377 · est 1960
——£1.80M—65y8289y
LINKSFIELD LAND DRAINAGE LIMITED→
SC177497 · est 1997
———028y8258y
SCOTTISH SEA FARMS SALES LIMITED→
SC165107 · est 1996 · no financials extracted
————30y8258y
STOCKSCAN (SCOTLAND) LTD.→
SC281632 · est 2005
———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
Incorporated1989-12-27
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

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: 2026-12-23
Last: 2025-12-09

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 1991-11-12 · 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 · appointed 1990-02-05 · resigned 1991-11-12
Resigned
BAXTER, William→
director · ~84y · appointed 1990-02-05 · resigned 2007-06-29
Resigned
GARDINER, Robert Iain→
director · ~60y · appointed 1995-05-16 · resigned 1998-02-09
Resigned
MOSS, Gavin Dirk→
director · ~60y · appointed 2002-02-20 · resigned 2003-02-10
Resigned
REA, John→
director · ~61y · appointed 2007-06-29 · resigned 2020-01-29
Resigned

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

Mortgages & charges

6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Dnb Bank Asa
A registered charge1 property17/04/201305/08/2021
satisfied
Midland Bank
Midland Bank PLC
Bond & floating charge1 property31/03/199505/07/2007
satisfied
Dansk Orredfoder a/S
Bond & floating charge1 property26/11/199205/07/2007
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Floating charge1 property01/08/199128/11/1995
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Standard security1 property04/03/199105/07/2007
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Standard security1 property11/09/199005/07/2007

Recent filings (127 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
accounts-with-accounts-type-dormant
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-dormant
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-dormant
accounts · AA
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-dormant
accounts · AA
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-22
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
2021-02-11
accounts-with-accounts-type-dormant
accounts · AA
2020-12-31
termination-director-company-with-name-termination-date
officers · TM01
2020-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-29