MJM (FARMERS) LIMITED

🌳Matureactive

SC288996 · ltd · incorporated 2005-08-17

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 20.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.80M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.7y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 20.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

6 officers (5 active, 6 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

53 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £1,798,783

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£1.8m

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.80M	—
Net assets	£1.80M	—
Average employees	—	0

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

filings

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-12
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2018-08-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2018-08-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-08-23
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-04-06
📄
capital-alter-shares-subdivision
capital · SH02
2018-03-28
➕
MIDDLETON, Calum Alexander appointed
director
2018-03-28
➕
MIDDLETON, Ciara Margaret appointed
director
2018-02-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2005-08-23
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2005-08-17
🏢
Company incorporated
As MJM (FARMERS) LIMITED
2005-08-17
➕
MIDDLETON, Angela Connie appointed
secretary
2005-08-17
➕
MIDDLETON, Angela Connie appointed
director
2005-08-17
➕
MIDDLETON, Malcolm John appointed
director
2005-08-17
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2005-08-17
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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 Malcolm John Middleton Individual · British · DOB 03/1955 · age 71	50–75%	—	50-75% shares	15/08/2016
Mrs Angela Connie Middleton Individual · Irish · DOB 04/1955 · age 71	25–50%	—	25-50% shares	28/03/2018

1 historic (ceased) PSC

Mr Malcolm John Middletonceased 28/03/2018· 25-50% shares · firm interest

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 · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ASSYNT CROFTERS TRUST LIMITED→ SC140205 · est 1992	—	—	—	3	33y	83	88y
BLUE MOTION FISHING CO. LIMITED→ SC357414 · est 2009	—	—	£762.9k	—	17y	83	62y
BURGIE LODGE FARMS LIMITED→ SC031556 · est 1956	—	—	£1.67M	—	69y	83	73y
CAWDOR FORESTRY LIMITED→ SC218848 · est 2001	—	—	£468.9k	—	24y	83	64y
DINGWALL & HIGHLAND MARTS LIMITED→ SC154876 · est 1994	—	—	—	39	31y	83	81y
EASTER ROSS FARMERS LIMITED→ SC060125 · est 1976	—	—	—	100	49y	83	95y
GLENROSSAL LIMITED→ SC351176 · est 2008	—	—	£2.77M	—	17y	83	88y
KINGSBURGH FOREST TRUST→ SC227429 · est 2002 · no financials extracted	—	—	—	—	24y	83	75y
ACHLAIN ESTATES LIMITED→ SC138631 · est 1992	—	—	—	200	33y	82	67y
SPYNIE FARMERS LIMITED→ SC113051 · est 1988 · no financials extracted	—	—	—	—	37y	—	—
STRATHNAIRN COMMUNITY WOODLANDS→ SC228026 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
TARTAN TIMBER HARVESTING LTD→ SC849444 · est 2025 · 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.

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Company details

Statusactive

Typeltd

Incorporated2005-08-17

Jurisdictionscotland

Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

Kerrigan

Kincorth Estate

Forres

IV36 2SP

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-06

Last: 2025-08-23

Officers (5 active · 1 resigned)

MIDDLETON, Angela Connie→

secretary · appointed 2005-08-17

View their other companies + combined net worth →

Active

MIDDLETON, Angela Connie→

director · ~71y · appointed 2005-08-17

View their other companies + combined net worth →

Active

MIDDLETON, Calum Alexander→

director · ~35y · appointed 2018-03-28

View their other companies + combined net worth →

Active

MIDDLETON, Ciara Margaret→

director · ~28y · appointed 2018-03-28

View their other companies + combined net worth →

Active

MIDDLETON, Malcolm John→

director · ~71y · appointed 2005-08-17

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2005-08-17 · resigned 2005-08-17

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	23/08/2005	—

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