LAGA FARMS LIMITED

🌳Matureactive

SC241028 · ltd · incorporated 2002-12-11

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2024

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 01420

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

01450SIC 01450

Investor take

Pursue

Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 57/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 23.3y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 23.3 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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

4 officers (3 active, 4 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

56 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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	2024-11-30	2023-11-30
Average employees	2	200

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-11-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-12
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Virgin Money)
2025-08-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-12-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-06-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-25
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2006-05-24
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2003-01-01
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2002-12-11
🏢
Company incorporated
As LAGA FARMS LIMITED
2002-12-11
➕
CURSITER, Michael David Robert appointed
secretary
2002-12-11
➕
CURSITER, Martin appointed
director
2002-12-11
➕
CURSITER, Michael David Robert appointed
director
2002-12-11
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2002-12-11
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

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 23 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

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 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 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael David, Robert Cursiter Individual · British · DOB 02/1962 · age 64	25–50%	25–50%	25-50% shares · 25-50% voting	11/12/2016
Mr Martin Cursiter Individual · British · DOB 11/1969 · age 57	25–50%	25–50%	25-50% shares · 25-50% voting	11/12/2016

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 · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BRECK FARM LIMITED→ SC282508 · est 2005	—	—	—	100	21y	83	59y
ORKNEY SHELLFISH LIMITED→ SC138531 · est 1992	—	—	£174.7k	—	33y	83	61y
BINSCARTH LIMITED→ SC251665 · est 2003	—	—	—	0	22y	82	70y
CELTIC DAWN FISHING LIMITED→ SC263213 · est 2004	—	—	£2.01M	—	22y	82	62y
E S H HARCUS LIMITED→ SC375460 · est 2010	—	—	—	600	16y	82	78y
ERLEND FLETT PLANT HIRE→ SC081510 · est 1983 · no financials extracted	—	—	—	—	43y	82	81y
FORSE FARMS LTD→ SC388765 · est 2010	—	—	£561.7k	—	15y	82	72y
GEORTH FARMS→ SC270361 · est 2004 · no financials extracted	—	—	—	—	21y	82	78y
MAESQUOY FARMS LIMITED→ SC343177 · est 2008	—	—	£657.6k	—	17y	82	65y
S & J D ROBERTSON GROUP LIMITED→ SC070455 · est 1980	—	—	—	500	46y	82	75y
S W PATERSON & CO. LIMITED→ SC250073 · est 2003	—	—	—	2	22y	82	66y
GILLS HARBOUR LTD→ SC364117 · est 2009	—	—	£85.7k	—	16y	81	67y

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

Incorporated2002-12-11

Jurisdictionscotland

Primary SIC01420 — SIC 01420

Registered office

Arwick

Evie

Orkney

KW17 2PF

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2026-12-25

Last: 2025-12-11

Officers (3 active · 1 resigned)

CURSITER, Michael David Robert→

secretary · appointed 2002-12-11

View their other companies + combined net worth →

Active

CURSITER, Martin→

director · ~57y · appointed 2002-12-11

View their other companies + combined net worth →

Active

CURSITER, Michael David Robert→

director · ~64y · appointed 2002-12-11

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2002-12-11 · resigned 2002-12-11

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Virgin Money)	A registered charge	1 property	12/11/2025	—
outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	25/07/2012	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	24/05/2006	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	01/01/2003	—

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

Recent filings (56 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-07

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2025-11-17