FORTRIE FARMS LIMITED

🌳Matureactive

SC158055 · ltd · incorporated 1995-05-17

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 18.4y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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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

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

4 live charges · 2 lenders · oldest 18.4y

50/100

clean up first

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

· Oldest live charge is 18.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — 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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

8 officers (5 active, 8 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

81 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	10	900

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

filings

Last 90 days

filings

Last 180 days

filings

• 2 mortgage
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-01-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-29
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-28
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Virgin Money)
2026-01-28
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Virgin Money)
2025-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-12-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-12-09
➕
BARTLET, Craig Ian appointed
secretary
2024-12-09
➖
BARTLET, Ian Grainger resigned
secretary
2024-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-20
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-07-16
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-09
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Virgin Money)
2023-08-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-05-06
➕
BARTLET, Lorna appointed
director
2020-09-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-08-02
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-12-19
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2007-09-20
➕
BARTLET, Craig Ian appointed
director
1995-05-17
🏢
Company incorporated
As FORTRIE FARMS LIMITED
1995-05-17
➕
BARTLET, Constance Helen appointed
director
1995-05-17
➕
BARTLET, Ian Grainger appointed
director
1995-05-17
➕
BARTLET, Ian Grainger appointed
secretary
1995-05-17
➕
REID, Brian appointed
secretary
1995-05-17
➖
REID, Brian resigned
secretary
1995-05-17
➕
MABBOTT, Stephen appointed
nominee-director
1995-05-17
➖
MABBOTT, Stephen resigned
nominee-director

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — BARTLET, Lorna (same surname) appointed 2021-05-06. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Craig Ian Bartlet Individual · British · DOB 10/1981 · age 45	50–75%	—	50-75% shares	01/06/2016

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 · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
EAST COAST VINERS (PEAS AND BEANS) LIMITED→ SC465480 · est 2013	£8.08M £6.21M–£9.94M	£13.37M	—	1800	12y	85	79y
TREETOP FORESTRY LIMITED→ SC292083 · est 2005	£5.00M £3.85M–£6.15M	£12.98M	—	4600	20y	87	72y
ALTNAHARRA ESTATE LIMITED→ SC228455 · est 2002	£634.2k £487.8k–£780.5k	—	—	8	24y	85	71y
CHALLENGE FISHING COMPANY LIMITED→ SC192237 · est 1998	—	—	—	6	27y	83	69y
GARDINER ICM LIMITED→ SC197812 · est 1999	—	—	£2.60M	—	26y	83	64y
LORANTHUS FISHING COMPANY LIMITED→ SC312585 · est 2006	—	—	—	0	19y	83	70y
M B AQUARIUS LIMITED→ SC259115 · est 2003	—	—	—	0	22y	83	70y
M.V. QUANTUS LIMITED→ SC150141 · est 1994	—	—	£32.29M	—	32y	83	69y
MEARNS TRACTORS LIMITED→ SC261246 · est 2003	—	—	—	1	22y	83	62y
SHANNON FISHING LIMITED→ SC157000 · est 1995	—	—	£24.40M	—	31y	83	79y
SHAULORA FISHING COMPANY LIMITED→ SC165386 · est 1996	—	—	£440.0k	—	29y	83	58y
UNITED FISH SELLING LIMITED→ SC077168 · est 1982	—	—	—	200	44y	83	72y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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.

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Company details

Statusactive

Typeltd

Incorporated1995-05-17

Jurisdictionscotland

Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Mains Of Fortrie

Auchnagatt

Ellon

Aberdeenshire

AB41 8UY

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-05-31

Last: 2025-05-17