LOCHMIST LIMITED
💤Zombieactive
SC234761 · ltd · incorporated 2002-07-30
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£6.1k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 01430
Sector: Agriculture, forestry & fishing
Investor take
PursueAsset-holding vehicle with a 70-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £6,061
Net assets shrinking
Down £3,400 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£6k
↓ 36% YoY
Current Assets
£10k
↓ 13% 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 | £17.1k | £18.8k |
| Current assets | £9.8k | £11.3k |
| Net assets | £6.1k | £9.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (24 events)Click to expand
- 2025-09-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-01-19➖MCMAHON, Hazel resigneddirector
- 2021-01-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-01-16➕MCMAHON, Hugh appointeddirector
- 2021-01-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-09-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-10-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2002-09-06➕MCMAHON, Hugh appointedsecretary
- 2002-09-06➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2002-09-06➕MCMAHON, Hazel appointeddirector
- 2002-09-06➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 2002-07-30🏢Company incorporatedAs LOCHMIST LIMITED
- 2002-07-30➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-07-30➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Owner dependency
90/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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 Hugh Mcmahon Individual · Scottish · DOB 01/1956 · age 70 | — | — | sig. influencesignificant influence | 01/07/2016 |
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 · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GMK FISHING LIMITED→ SC340440 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| HAZELDEN LIMITED→ SC137743 · est 1992 · no financials extracted | — | — | — | — | 34y | — | — |
| JOHN K. DUNLOP LIMITED→ SC040422 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| JOHN SMITH & SONS (KILMAURS MAINS) LIMITED→ SC394843 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| LAURA FLORALS LTD→ SC666417 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| MCCRINDLESTON FARM (GIRVAN) LIMITED→ SC040481 · est 1964 · no financials extracted | — | — | — | — | 61y | — | — |
| MERRYHAGEN FARMING LTD→ SC771876 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MESSRS JAMES KENNEDY LTD→ SC455959 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| MONTGOMERY LAND LIMITED→ SC686564 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MUSSON CONTRACTING LIMITED→ SC481882 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| POLQUHAIRN LIMITED→ SC424837 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| PRACTICAL DAIRY SOLUTIONS LIMITED→ SC494036 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated2002-07-30
Jurisdictionscotland
Primary SIC01430 — SIC 01430
Registered office
Woodhead
Failford
Mauchline
Ayrshire
KA5 5TE
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30
Officers (2 active · 3 resigned)
Active
MCMAHON, Hugh→
Activedirector · ~70y · appointed 2021-01-16
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-07-30 · resigned 2002-09-06
MCMAHON, Hazel→
Resigneddirector · ~67y · appointed 2002-09-06 · resigned 2021-01-19
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-07-30 · resigned 2002-09-06
Click a director name to see their full track record across all companies.
Recent filings (57 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
termination-director-company-with-name-termination-date
officers · TM01
2021-01-19
appoint-person-director-company-with-name-date
officers · AP01
2021-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-10
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-30