KATER 1 LTD
🌳Matureactive
SC256628 · ltd · incorporated 2003-09-26
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 19.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£1.21M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 79/100 (strong), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · oldest 19.9y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 19.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (76/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
67 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,208,470
Cash YoY
+9%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£357k
↑ 9.1% YoY
Net Worth
£1.2m
↑ 1.4% YoY
Current Assets
£358k
↑ 9.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £1.21M | £1.19M |
| Current assets | £358.1k | £328.2k |
| Cash | £356.7k | £327.0k |
| Debtors | £1.4k | £1.2k |
| Net assets | £1.21M | £1.19M |
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 (36 events)Click to expand
- 2025-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-08📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-05📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-05📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-05📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2024-06-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-06-05🔓Charge satisfied #5
- 2024-06-05🔓Charge satisfied #4
- 2024-06-05🔓Charge satisfied #3
- 2024-06-05🔓Charge satisfied #2
- 2024-06-05🔓Charge satisfied #1
- 2023-05-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-09-01➕DUTHIE, Lewis John appointeddirector
- 2022-07-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2007-07-20🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 2007-01-05🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 2006-12-28🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2006-06-08🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2006-05-19🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2003-09-26🏢Company incorporatedAs KATER 1 LTD
- 2003-09-26➕DUTHIE, Jozefine appointedsecretary
- 2003-09-26➕DUTHIE, Lewis appointeddirector
- 2003-09-26➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-09-26➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-09-26➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2003-09-26➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
91/100
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
- +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.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — DUTHIE, Lewis John (same surname) appointed 2022-09-01. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 67. 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Lewis Duthie Individual · Scottish · DOB 12/1959 · age 67 | 75–100% | — | 75-100% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JWFB LIMITED→ SC312553 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| K C R C LIMITED→ SC265823 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| KEVIN WOOD FISHING LIMITED→ SC296900 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| KILORAN SHELLFISH LTD→ SC672229 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KINERMONY LIMITED→ SC024445 · est 1946 · no financials extracted | — | — | — | — | 79y | — | — |
| KIRDANA LTD.→ SC296163 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| KLONDYKE FISHING COMPANY LIMITED→ SC076707 · est 1981 · no financials extracted | — | — | — | — | 44y | — | — |
| KNOCKIEHILL ESTATES LTD.→ SC289689 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| LIGHTHOUSE FISHING COMPANY LIMITED→ SC685485 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| LUPUS ENGINEERING SERVICES LIMITED→ SC208208 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| M B AQUARIUS LIMITED→ SC259115 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| M CARDNO FISHING LTD→ SC466419 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2003-09-26
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Kirkie Brae 25 Mid Street
St Combs
Fraserburgh
Aberdeenshire
AB43 8YX
United Kingdom
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-10
Last: 2025-09-26
Officers (3 active · 2 resigned)
Active
DUTHIE, Lewis John→
Activedirector · ~29y · appointed 2022-09-01
View their other companies + combined net worth →
DUTHIE, Lewis→
Activedirector · ~67y · appointed 2003-09-26
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-09-26 · resigned 2003-09-26
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2003-09-26 · resigned 2003-09-26
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 20/07/2007 | 05/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 05/01/2007 | 05/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 28/12/2006 | 05/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 08/06/2006 | 05/06/2024 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 19/05/2006 | 05/06/2024 |
Recent filings (67 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-13
change-person-director-company-with-change-date
officers · CH01
2024-11-08
change-person-director-company-with-change-date
officers · CH01
2024-10-05
change-person-secretary-company-with-change-date
officers · CH03
2024-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-18
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2024-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-05
mortgage-satisfy-charge-full
mortgage · MR04
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15