LAID WOODLANDS AND LOCHANS LTD.

🌳Matureactive

SC178828 · ltd · incorporated 1997-09-16

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 Dec 2025

Net worth

£-28.8k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 02100

Sector: Agriculture, forestry & fishing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 91). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -85% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 3 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

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £28,820

Very low cash

Cash position: £21

Cash draining

Cash down 85% YoY

Cash YoY

-85%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£21

↓ 85% YoY

Net Worth

-£29k

↓ 3.3% YoY

Current Assets

£33

↓ 78% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-12-31	2024-12-31
Total assets	£33	£-27.9k
Current assets	£33	£151
Cash	£21	£139
Debtors	£12	£12
Net assets	£-28.8k	£-27.9k

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

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-02-09
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-17
📄
annual-return-company-with-made-up-date
annual-return · AR01
2015-05-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-10-09
📄
annual-return-company-with-made-up-date
annual-return · AR01
2014-03-13
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-11-14
➖
MACKENZIE HILLCOAT, Janet resigned
director
1997-09-16
🏢
Company incorporated
As LAID WOODLANDS AND LOCHANS LTD.
1997-09-16
➕
MACKENZIE HILLCOAT, Kenneth William appointed
secretary
1997-09-16
➕
MACKENZIE HILLCOAT, Kenneth William appointed
director
1997-09-16
➕
MACLELLAN, Hugh Michael appointed
director
1997-09-16
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1997-09-16
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1997-09-16
➕
MACKENZIE HILLCOAT, Janet appointed
director

Owner dependency

83/100

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.
+Founder age: Director aged approximately 91 — succession pressure is live.

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 91 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 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.
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
Kenneth William Mackenzie Hillcoat Individual · British · DOB 01/1935 · age 91	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	06/04/2016

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.

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S THORBURN LIMITED→ SC260947 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
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SALTIRE HIGHLAND LTD→ SC755716 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
SCOTT FARMING LIMITED→ SC447909 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
SEAFIELD FARM LTD→ SC763361 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
SEAFIELD PARK LIMITED→ SC168157 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
SEALMAC LTD→ SC714978 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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.

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🔒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

Incorporated1997-09-16

Jurisdictionscotland

Primary SIC02100 — SIC 02100

Registered office

Burnside 92 Laid

Loch Eriboll

Lairg

Sutherland

IV27 4UN

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2026-09-24

Last: 2025-09-10

Officers (3 active · 2 resigned)

MACKENZIE HILLCOAT, Kenneth William→

secretary · appointed 1997-09-16

View their other companies + combined net worth →

Active

MACKENZIE HILLCOAT, Kenneth William→

director · ~91y · appointed 1997-09-16

View their other companies + combined net worth →

Active

MACLELLAN, Hugh Michael→

director · ~65y · appointed 1997-09-16

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1997-09-16 · resigned 1997-09-16

Resigned

MACKENZIE HILLCOAT, Janet→

director · ~87y · appointed 1997-09-16 · resigned 2012-11-14

Resigned

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