SPINDRIFT (SKYE) LIMITED
💤Zombieactive
SC289392 · ltd · incorporated 2005-08-24
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 Sept 2024
Net worth
£80.4k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company with a 75-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 19.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £80,439
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£80k
↑ 19% YoY
Current Assets
£10k
↑ 47% 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 | £80.4k | £67.8k |
| Current assets | £10.0k | £6.8k |
| Net assets | £80.4k | £67.8k |
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
5
filings
- • 4 persons-with-significant-control
- • 1 confirmation-statement
Last 180 days
6
filings
- • 5 persons-with-significant-control
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-03-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-03-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2013-04-26🔓Charge satisfied #3
- 2006-11-16🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2006-08-01🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-07-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2005-08-24🏢Company incorporatedAs SPINDRIFT (SKYE) LIMITED
- 2005-08-24➕MACKINNON, Alister appointedsecretary
- 2005-08-24➕MACKINNON, Malcolm appointeddirector
Owner dependency
100/100
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.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +No director turnover: Company is 21 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
100/100
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 75 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- 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
cleanNo 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 |
|---|---|---|---|---|
Mrs Catherine Mackinnon Individual · Scottish · DOB 12/1957 · age 69 | 25–50% | — | 25-50% shares | 01/01/2026 |
Mr Malcolm Mackinnon Individual · Scottish · DOB 11/1951 · age 75 | 25–50% | — | 25-50% shares | 24/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 |
| SMIR SCOTLAND LIMITED→ SC553111 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| SMM FISHING LTD→ SC609929 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| SPYNIE FARMERS LIMITED→ SC113051 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| STRATHNAIRN COMMUNITY WOODLANDS→ SC228026 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| SUTHERLAND COMMUNITY SEAWEED CIC→ SC870173 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TARTAN TIMBER HARVESTING LTD→ SC849444 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE KYLESKU CROFTERS TRUST LIMITED→ SC212413 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| TONY WEIR CONTRACTOR LIMITED→ SC528808 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
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
Incorporated2005-08-24
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Myrtlebank
Portnalong
Isle Of Skye
IV47 8SL
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-11
Last: 2026-01-28
Officers (2 active · 0 resigned)
MACKINNON, Alister→
Activesecretary · appointed 2005-08-24
View their other companies + combined net worth →
MACKINNON, Malcolm→
Activedirector · ~75y · appointed 2005-08-24
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Mortgage | 1 property | 16/11/2006 | 26/04/2013 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Mortgage | 1 property | 01/08/2006 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/07/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (52 total)
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-28
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-30