LOWER LETHAM LIMITED

💤Zombieactive
SC296628 · ltd · incorporated 2006-02-06
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 Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Growing of cereals (except rice), leguminous crops and oil seeds
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 62). 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 (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 16.1y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 16.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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, 2 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
11 officers (1 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees00

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
1
filing
  • • 1 officers
Last 90 days
1
filing
  • • 1 officers
Last 180 days
2
filings
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (51 events)Click to expand
  1. 2026-04-14
    ➖
    CLARK, John resigned
    director
  2. 2026-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-03
    ➖
    CLARK, Mae Ramsay resigned
    director
  7. 2024-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2023-10-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2023-10-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-10-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-09-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-08-28
    ➕
    CLARK, Susan Jane appointed
    director
  14. 2023-04-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2023-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-12-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2022-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-06-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2020-06-03
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2020-06-01
    📄
    capital-allotment-shares
    capital · SH01
  22. 2020-06-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  23. 2019-02-10
    ➖
    CLARK, Iain Grant Alexander resigned
    director
  24. 2019-02-10
    ➕
    CLARK, Mae Ramsay appointed
    director
  25. 2018-08-11
    🔓
    Charge satisfied #5
  26. 2018-08-11
    🔓
    Charge satisfied #4
  27. 2018-05-01
    ➖
    COULTER, Graeme Alexander resigned
    secretary
  28. 2018-05-01
    ➖
    O'REILLY, Sean Martin resigned
    director
  29. 2018-02-10
    🔓
    Charge satisfied #3
  30. 2018-02-10
    🔓
    Charge satisfied #2
  31. 2015-04-17
    🔒
    Charge registered #5
    Lender: Svenska Handelsbanken Ab (Publ)
  32. 2015-04-08
    🔓
    Charge satisfied #1
  33. 2015-03-27
    🔒
    Charge registered #4
    Lender: Svenska Handelsbanken Ab (Publ)
  34. 2014-09-22
    ➕
    COULTER, Graeme Alexander appointed
    secretary
  35. 2014-03-24
    ➕
    CLARK, Iain Grant Alexander appointed
    director
  36. 2014-02-19
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  37. 2014-02-19
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  38. 2013-03-25
    ➖
    DONNACHIE, James resigned
    director
  39. 2013-03-25
    ➕
    O'REILLY, Sean Martin appointed
    director
  40. 2012-11-30
    ➖
    CARLIN, Edward resigned
    secretary
  41. 2012-04-23
    ➖
    O'REILLY, Sean Martin resigned
    director
  42. 2011-09-23
    ➕
    O'REILLY, Sean Martin appointed
    director
  43. 2010-03-23
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  44. 2010-02-22
    ➕
    DONNACHIE, James appointed
    director
  45. 2006-02-06
    🏢
    Company incorporated
    As LOWER LETHAM LIMITED
  46. 2006-02-06
    ➕
    CARLIN, Edward appointed
    secretary
  47. 2006-02-06
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  48. 2006-02-06
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  49. 2006-02-06
    ➕
    CLARK, John appointed
    director
  50. 2006-02-06
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
Showing most recent 50 of 51 events

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple 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%
NameSharesVoting rightsNature of controlNotified
Mrs Susan Jane Clark
Individual · British · DOB 09/1964 · age 62
75–100%
—75-100% shares28/08/2023
5 historic (ceased) PSCs
  • Mr John Clarkceased 28/08/2023· 25-50% shares · 25-50% voting
  • Mrs Mae Ramsay Clarkceased 28/08/2023· 25-50% shares
  • Mr Iain Grant Alexander Clarkceased 30/03/2023· 25-50% shares · 25-50% voting
  • Mr John Clarkceased 10/05/2020· significant influence
  • Mountlodge Limitedceased 01/05/2018· 75-100% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2006-02-06
Jurisdictionscotland
Primary SIC01110 — Growing of cereals (except rice), leguminous crops and oil seeds

Registered office

House Of Nairne
Stanley
Perth
PH1 4PT
Scotland

Filing status

Accounts
Next due: 2026-12-29
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-25
Last: 2025-08-11

Officers (1 active · 10 resigned)

CLARK, Susan Jane→
director · ~62y · appointed 2023-08-28
View their other companies + combined net worth →
Active
CARLIN, Edward→
secretary · appointed 2006-02-06 · resigned 2012-11-30
Resigned
COULTER, Graeme Alexander→
secretary · appointed 2014-09-22 · resigned 2018-05-01
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-02-06 · resigned 2006-02-06
Resigned
CLARK, Iain Grant Alexander→
director · ~54y · appointed 2014-03-24 · resigned 2019-02-10
Resigned
CLARK, John→
director · ~86y · appointed 2006-02-06 · resigned 2026-04-14
Resigned
CLARK, Mae Ramsay→
director · ~85y · appointed 2019-02-10 · resigned 2024-08-03
Resigned
DONNACHIE, James→
director · ~83y · appointed 2010-02-22 · resigned 2013-03-25
Resigned
O'REILLY, Sean Martin→
director · ~56y · appointed 2013-03-25 · resigned 2018-05-01
Resigned
O'REILLY, Sean Martin→
director · ~56y · appointed 2011-09-23 · resigned 2012-04-23
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-02-06 · resigned 2006-02-06
Resigned

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
TypeProperties
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge1 property17/04/201511/08/2018
satisfied
Svenska Handelsbanken Ab (Publ)
A registered charge—27/03/201511/08/2018
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/02/201410/02/2018
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/02/201410/02/2018
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security2 properties23/03/201008/04/2015

Recent filings (90 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-20
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-03
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-10-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-30
appoint-person-director-company-with-name-date
officers · AP01
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-27