SWANSTON FARM LIMITED

🌳Matureactive

SC192334 · ltd · incorporated 1998-12-31

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£5.25M

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: SIC 01450

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

55209Other holiday and other collective accommodation
56101Licenced restaurants
68209Other letting and operating of own or leased real estate

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

15 live charges · 6 lenders · oldest 26.2y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 26.2 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 50/100 (high).

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

Lenders & charges

15 charges (15/15 with lender, 15/15 with type)

Directors & officers

5 officers (2 active, 5 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

3 connected companies via shared directors

Filing history

141 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red 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 £5,251,948

Cash YoY

-0%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£349k

~ YoY

Net Worth

£5.3m

↑ 4.0% YoY

Current Assets

£778k

↑ 1.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£7.79M	£7.75M
Current assets	£777.9k	£765.4k
Cash	£348.7k	£350.0k
Debtors	£57.8k	£60.7k
Net assets	£5.25M	£5.05M

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

🔒Filing-note intelligence

3 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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (51 events)Click to expand

2025-07-23
📄
resolution
resolution · RESOLUTIONS
2025-07-22
📄
capital-name-of-class-of-shares
capital · SH08
2025-07-21
📄
memorandum-articles
incorporation · MA
2025-07-21
📄
resolution
resolution · RESOLUTIONS
2025-07-21
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-25
📄
legacy
miscellaneous · RP04CS01
2019-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-10
📄
capital-name-of-class-of-shares
capital · SH08
2018-07-10
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2018-07-10
📄
resolution
resolution · RESOLUTIONS
2018-06-27
➖
MCCLUNG, Colin Alexander resigned
secretary
2018-06-27
➖
MCCLUNG, Colin Alexander resigned
director
2018-05-08
🔓
Charge satisfied #13
2018-05-08
🔓
Charge satisfied #12
2018-05-08
🔓
Charge satisfied #11
2018-05-08
🔓
Charge satisfied #8
2018-05-08
🔓
Charge satisfied #7
2016-09-20
🔒
Charge registered #16
Lender: Santander UK PLC
2016-09-20
🔒
Charge registered #15
Lender: Swanston Farms Limited
2016-09-14
🔒
Charge registered #17
Lender: Santander UK PLC
2016-09-12
🔓
Charge satisfied #10
2016-09-06
🔒
Charge registered #14
Lender: Santander UK PLC
2015-01-26
🔒
Charge registered #13
Lender: The Royal Bank of Scotland PLC
2014-09-29
🔒
Charge registered #12
Lender: The Royal Bank of Scotland PLC
2013-05-22
➕
MCCLUNG, Amanda Louise appointed
director
2011-10-06
🔒
Charge registered #11
Lender: The Royal Bank of Scotland PLC
2007-07-17
🔓
Charge satisfied #9
2007-05-22
🔒
Charge registered #10
Lender: The Royal Bank of Scotland PLC
2006-11-21
🔓
Charge satisfied #6
2006-11-15
🔓
Charge satisfied #3
2005-12-21
🔒
Charge registered #9
Lender: Clydesdale Bank Public Limited Company
2005-07-11
🔒
Charge registered #8
Lender: Clydesdale Bank Public Limited Company
2003-07-22
🔒
Charge registered #7
Lender: The Governor and Company of the Bank of Scotland
2002-02-23
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2001-10-29
🔓
Charge satisfied #4
2000-11-27
🔒
Charge registered #5
Lender: Gilbert Mcclung (Kelso) Limited
2000-11-01
➕
MCCLUNG, Colin Alexander appointed
director
2000-02-17
🔒
Charge registered #4
Lender: Gilbert Mcclung (Kelso) Limited
2000-02-17
🔒
Charge registered #3
Lender: Gilbert Mcclung (Kelso) Limited
1998-12-31
🏢
Company incorporated
As SWANSTON FARM LIMITED
1998-12-31
➕
MCCLUNG, Alastair Weir appointed
director
1998-12-31
➕
MCCLUNG, Colin Alexander appointed
secretary
1998-12-31
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary

Showing most recent 50 of 51 events

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 27 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 63 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100

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 63. 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 27 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 27 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 · 1 low

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Swanston Farm Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Swanston Farm Holdings Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

SWANSTON FARM LIMITED

This company · SC192334

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Swanston Farm Holdings Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	28/06/2018

4 historic (ceased) PSCs

Aghoco 5004 Limitedceased 28/06/2018· 75-100% shares · 75-100% voting · board control
Mr Alastair Weir Mcclungceased 27/06/2018· 50-75% shares · 50-75% voting · board control
Mr Colin Alexander Mcclungceased 27/06/2018· 25-50% shares · 25-50% voting
Ms Amanda Louise Mcclungceased 30/11/2017· significant influence

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 · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
S & M GRUHAM LTD→ SC585555 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
SILVIE ESTATES→ SC046456 · est 1969 · no financials extracted	—	—	—	—	57y	—	—
SMEATON ESTATE LIMITED→ SC497917 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
STOBO RESIDENTS ACTION GROUP LIMITED→ SC799882 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
THE BEAUTY OF EDINBURGH LTD→ SC688065 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
THE CAULDSHIEL CATTLE COMPANY LTD→ SC423942 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
THE NORTH BERWICK FLOWER COMPANY LTD→ SC797704 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
THOMSON FAMILY FARMS LIMITED→ SC537022 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
TORNAGRAIN CONSERVATION TRUST→ SC519994 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
TRANSITION EDINBURGH SOUTH (SCOTLAND) LTD→ SC695165 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
TYNINGHAME COMMUNITY FARM CIC→ SC783555 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
VALANDROS LTD→ SC883832 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated1998-12-31

Jurisdictionscotland

Primary SIC01450 — SIC 01450

Registered office

111 Swanston Road

Edinburgh

EH10 7DS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31

Officers (2 active · 3 resigned)

MCCLUNG, Alastair Weir→

director · ~59y · appointed 1998-12-31

View their other companies + combined net worth →

Active

MCCLUNG, Amanda Louise→

director · ~63y · appointed 2013-05-22

View their other companies + combined net worth →

Active

MCCLUNG, Colin Alexander→

secretary · appointed 1998-12-31 · resigned 2018-06-27

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1998-12-31 · resigned 1998-12-31

Resigned

MCCLUNG, Colin Alexander→

director · ~61y · appointed 2000-11-01 · resigned 2018-06-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:15 of 15 shown

		Type	Properties
outstanding	Santander Santander UK PLC	A registered charge	1 property	20/09/2016	—
outstanding	Swanston Farms Swanston Farms Limited	A registered charge	1 property	20/09/2016	—
outstanding	Santander Santander UK PLC	A registered charge	1 property	14/09/2016	—
outstanding	Santander Santander UK PLC	A registered charge	—	06/09/2016	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	2 properties	26/01/2015	08/05/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	1 property	29/09/2014	08/05/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	06/10/2011	08/05/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	22/05/2007	12/09/2016
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	21/12/2005	17/07/2007
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	11/07/2005	08/05/2018
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	22/07/2003	08/05/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	23/02/2002	21/11/2006
outstanding	Gilbert Mcclung (Kelso) Gilbert Mcclung (Kelso) Limited	Standard security	1 property	27/11/2000	—
satisfied	Gilbert Mcclung (Kelso) Gilbert Mcclung (Kelso) Limited	Standard security	1 property	17/02/2000	29/10/2001
satisfied	Gilbert Mcclung (Kelso) Gilbert Mcclung (Kelso) Limited	Standard security	1 property	17/02/2000	15/11/2006

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (141 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-22

resolution

resolution · RESOLUTIONS

2025-07-23

capital-name-of-class-of-shares

capital · SH08

2025-07-22

memorandum-articles

incorporation · MA

2025-07-21

resolution

resolution · RESOLUTIONS

2025-07-21

capital-variation-of-rights-attached-to-shares

capital · SH10

2025-07-21