SHETLAND FARM DAIRIES LIMITED

🌳Matureactive
SC152412 · ltd · incorporated 1994-08-09
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 31.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 10511
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10512SIC 10512
  • 10519SIC 10519
  • 46330SIC 46330
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 31.4y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 31.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
20 officers (3 active, 20 linked, 10 with DOB)
80
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
146 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees101000

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

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-21
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  5. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-08-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2021-08-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-08-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2021-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-13
    📄
    capital-name-of-class-of-shares
    capital · SH08
  12. 2021-01-12
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2020-12-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2020-12-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2020-12-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2020-12-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2020-12-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-12-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2020-12-11
    🔓
    Charge satisfied #4
  22. 2020-12-11
    🔓
    Charge satisfied #2
  23. 2020-12-08
    ➖
    NICOLSON, Robert Matthew resigned
    director
  24. 2017-08-09
    ➕
    IRVINE, John appointed
    director
  25. 2017-08-09
    ➖
    JR IRVINE & SON resigned
    corporate-director
  26. 2014-12-15
    ➖
    INKSTER, Brian Hunter resigned
    secretary
  27. 2013-11-30
    ➖
    GB & AM ANDERSON resigned
    corporate-director
  28. 2012-09-26
    ➖
    MAINLAND, John Robert resigned
    director
  29. 2012-09-26
    ➕
    NICOLSON, Robert Matthew appointed
    director
  30. 2012-05-22
    ➖
    LESLIE, Brian James resigned
    director
  31. 2007-08-31
    ➕
    MAINLAND, John Robert appointed
    director
  32. 2007-08-31
    ➖
    W A MAINLAND resigned
    corporate-director
  33. 2005-12-12
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  34. 2002-01-01
    ➖
    MOAR, Stephen James Alexander resigned
    director
  35. 2000-05-22
    ➖
    JOHN RS & IAIN HENDERSON resigned
    corporate-director
  36. 1999-12-05
    ➖
    J & D S HALCROW resigned
    corporate-director
  37. 1999-06-16
    ➕
    INKSTER, Brian Hunter appointed
    secretary
  38. 1999-06-16
    ➖
    JEFFREY AITKEN SOLICITORS resigned
    corporate-secretary
  39. 1998-10-13
    ➖
    JAMIESON, Max Edwin resigned
    director
  40. 1997-11-11
    ➖
    PETERSON, James Ernest resigned
    director
  41. 1996-09-20
    ➖
    DH ANDERSON & SON resigned
    corporate-director
  42. 1994-12-15
    🔒
    Charge registered #4
    Lender: Shetland Islands Council as Trustee of the High Risk/Unsecured Loan Scheme
  43. 1994-12-15
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  44. 1994-11-22
    🔒
    Charge registered #2
    Lender: Shetland Islands Council as Trustee of the High Risk/Unsecured Loan Scheme
  45. 1994-11-22
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  46. 1994-09-28
    ➕
    BURGESS, Martin Moncrieff appointed
    director
  47. 1994-09-28
    ➕
    FLAWS, Derek Gordon appointed
    director
  48. 1994-09-28
    ➕
    JAMIESON, Max Edwin appointed
    director
  49. 1994-09-28
    ➕
    LESLIE, Brian James appointed
    director
  50. 1994-09-28
    ➖
    MAINLAND, William Arthur resigned
    director
Showing most recent 50 of 65 events

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 32 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.

Group structure

Quendale Farm Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Quendale Farm Limited
Corporate parent · holds 25-50% shares · board control
significant stake
⬇
SHETLAND FARM DAIRIES LIMITED
This company · SC152412

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Quendale Farm Limited
Corporate entity
25–50%
25–50%board control25-50% shares · 25-50% voting · board control08/12/2020
Mr Martin Moncrieff Burgess
Individual · British · DOB 10/1960 · age 66
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
3 historic (ceased) PSCs
  • Mr Derek Gordon Flawsceased 08/12/2020· 25-50% voting
  • Mr John Ross Irvineceased 08/12/2020· 25-50% voting
  • Noss Farm (Shetland) Limitedceased 08/12/2020· 25-50% 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 →

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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
Incorporated1994-08-09
Jurisdictionscotland
Primary SIC10511 — SIC 10511

Registered office

10 Gremista Industrial Estate, Gremista
Lerwick
Shetland
ZE1 0PX

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-08-23
Last: 2025-08-09

Officers (3 active · 17 resigned)

BURGESS, Martin Moncrieff→
director · ~66y · appointed 1994-09-28
View their other companies + combined net worth →
Active
FLAWS, Derek Gordon→
director · ~64y · appointed 1994-09-28
View their other companies + combined net worth →
Active
IRVINE, John→
director · ~69y · appointed 2017-08-09
View their other companies + combined net worth →
Active
INKSTER, Brian Hunter→
secretary · appointed 1999-06-16 · resigned 2014-12-15
Resigned
JEFFREY AITKEN SOLICITORS→
corporate-secretary · appointed 1994-08-09 · resigned 1999-06-16
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1994-08-09 · resigned 1994-08-09
Resigned
JAMIESON, Max Edwin→
director · ~80y · appointed 1994-09-28 · resigned 1998-10-13
Resigned
LESLIE, Brian James→
director · ~64y · appointed 1994-09-28 · resigned 2012-05-22
Resigned
MAINLAND, John Robert→
director · ~64y · appointed 2007-08-31 · resigned 2012-09-26
Resigned
MAINLAND, William Arthur→
director · ~92y · appointed 1994-08-09 · resigned 1994-09-28
Resigned
MOAR, Stephen James Alexander→
director · ~62y · appointed 1994-09-28 · resigned 2002-01-01
Resigned
NICOLSON, Robert Matthew→
director · ~67y · appointed 2012-09-26 · resigned 2020-12-08
Resigned
PETERSON, James Ernest→
director · ~80y · appointed 1994-09-28 · resigned 1997-11-11
Resigned
DH ANDERSON & SON→
corporate-director · appointed 1994-09-28 · resigned 1996-09-20
Resigned
GB & AM ANDERSON→
corporate-director · appointed 1994-09-28 · resigned 2013-11-30
Resigned
J & D S HALCROW→
corporate-director · appointed 1994-09-28 · resigned 1999-12-05
Resigned
JOHN RS & IAIN HENDERSON→
corporate-director · appointed 1994-09-28 · resigned 2000-05-22
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1994-08-09 · resigned 1994-08-09
Resigned
JR IRVINE & SON→
corporate-director · appointed 1994-09-28 · resigned 2017-08-09
Resigned
W A MAINLAND→
corporate-director · appointed 1994-09-28 · resigned 2007-08-31
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property12/12/2005—
satisfied
Shetland Islands Council as Trustee of the High Risk/Unsecured Loan Scheme
Standard security1 property15/12/199411/12/2020
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/12/1994—
satisfied
Shetland Islands Council as Trustee of the High Risk/Unsecured Loan Scheme
Floating charge1 property22/11/199411/12/2020
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property22/11/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (146 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-08-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-08-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-04