LOCHTOWER LIMITED

🌳Matureactive
SC175634 · ltd · incorporated 1997-05-13
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 Nov 2024
Net worth
£1.10M
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Special-situation opportunity
Distressed agriculture with salvageable qualities — special-situations priority.

Opportunity 73/100 (strong), bankability 75/100. Strong seller-intent signal (65/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 28.3y

45/100
under pressure

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

  • · Oldest live charge is 28.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,102,977
Net assets shrinking
Down £104,631 YoY
Cash YoY
-15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£73k
↓ 15% YoY
Net Worth
£1.1m
↓ 8.7% YoY
Current Assets
£669k
↓ 2.4% YoY
Current Liabilities
—
£0£242k£483k£725k£966k£1.2mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£1.37M£1.52M
Current assets£669.2k£685.8k
Cash£73.2k£86.2k
Debtors£408.6k£421.5k
Net assets£1.10M£1.21M

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
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2023-06-20
    🔓
    Charge satisfied #1
  7. 2022-09-09
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2022-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-02
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  10. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-12-08
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  12. 2020-12-08
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2020-05-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-12-12
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  15. 2019-12-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2019-12-12
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2019-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2010-05-20
    ➕
    WAUCHOPE, James Andrew appointed
    director
  20. 1999-12-21
    ➕
    WAUCHOPE, James Andrew appointed
    secretary
  21. 1999-12-21
    ➖
    MBM SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  22. 1998-02-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 1997-05-20
    ➕
    WAUCHOPE, Victoria Catherine appointed
    director
  24. 1997-05-20
    ➕
    WAUCHOPE, James Andrew appointed
    director
  25. 1997-05-20
    ➖
    WAUCHOPE, James Andrew resigned
    director
  26. 1997-05-14
    ➖
    MBM BOARD NOMINEES LIMITED resigned
    corporate-nominee-director
  27. 1997-05-13
    🏢
    Company incorporated
    As LOCHTOWER LIMITED
  28. 1997-05-13
    ➕
    MBM SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  29. 1997-05-13
    ➕
    MBM BOARD NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

84/100
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 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

81/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-27

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Andrew Wauchope
Individual · British · DOB 07/1963 · age 63
50–75%
50–75%board control50-75% shares · 50-75% voting · board control30/06/2016

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 · TD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ANDREW ROBINSON (FARMS) LIMITED→
01074395 · est 1972
———053y8374y
LINDISFARNE LUING LIMITED→
07449519 · est 2010 · no financials extracted
————15y——
PENMAR FARMING LIMITED→
03053098 · est 1995 · no financials extracted
————30y——
REDPATH FISHERIES LTD→
11712649 · est 2018 · no financials extracted
————7y——
RESTON & BERWICK FARMING COMPANY LIMITED→
00060938 · est 1899 · no financials extracted
————127y——
ROBSON URWIN & CO. LIMITED→
01106530 · est 1973 · no financials extracted
————53y——
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————29y——
SOS FARMING LTD→
10780898 · est 2017 · no financials extracted
————8y——
STAGSBROOK GAME LTD→
14421927 · est 2022 · no financials extracted
————3y——
THOMPSON'S WALLS LIMITED→
06932638 · est 2009 · no financials extracted
————16y——
TILLMOUTH FARMING LIMITED→
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————17y——
TODDY KNOWES LIMITED→
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————2y——
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
Incorporated1997-05-13
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Lochtower
Kelso
Roxburghshire
TD5 8PD

Filing status

Accounts
Next due: 2026-08-28
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-05-27OVERDUE
Last: 2025-05-13

Officers (3 active · 3 resigned)

WAUCHOPE, James Andrew→
secretary · appointed 1999-12-21
View their other companies + combined net worth →
Active
WAUCHOPE, James Andrew→
director · ~63y · appointed 2010-05-20
View their other companies + combined net worth →
Active
WAUCHOPE, Victoria Catherine→
director · ~64y · appointed 1997-05-20
View their other companies + combined net worth →
Active
MBM SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 1997-05-13 · resigned 1999-12-21
Resigned
WAUCHOPE, James Andrew→
director · ~63y · appointed 1997-05-20 · resigned 1997-05-20
Resigned
MBM BOARD NOMINEES LIMITED→
corporate-nominee-director · appointed 1997-05-13 · resigned 1997-05-14
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property19/02/199820/06/2023

Recent filings (84 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-15
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-13
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2021-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2020-12-08