NORMAC (FRASERBURGH) LTD.

🌳Matureactive

SC308488 · ltd · incorporated 2006-09-12

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 Mar 2025

Net worth

£247.6k

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 19.5y

30/100

under pressure

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

· Oldest live charge is 19.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

7 officers (5 active, 7 linked, 4 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

68 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

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 · accounting standard not declared

Positive net assets

Net assets £247,626

Net assets shrinking

Down £18,436 YoY

Cash draining

Cash down 91% YoY

Cash YoY

-91%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£6k

↓ 91% YoY

Net Worth

£248k

↓ 6.9% YoY

Current Assets

£64k

↓ 38% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£277.2k	£298.9k
Current assets	£64.4k	£103.9k
Cash	£5.6k	£59.3k
Debtors	£58.8k	£44.6k
Net assets	£247.6k	£266.1k

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

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2025-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-12
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-12
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-12
📄
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-06-19
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-19
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-09
📄
change-person-director-company-with-change-date
officers · CH01
2019-10-09
📄
change-person-director-company-with-change-date
officers · CH01
2018-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-07-07
🔒
Charge registered #6
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2014-07-07
🔒
Charge registered #5
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2014-07-07
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2006-11-30
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
2006-11-30
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2006-11-04
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2006-09-12
🏢
Company incorporated
As NORMAC (FRASERBURGH) LTD.
2006-09-12
➕
NORMANDALE, Frederick George appointed
secretary
2006-09-12
➕
MCLEAN, Beverly appointed
director
2006-09-12
➕
MCLEAN, Iain appointed
director
2006-09-12
➕
NORMANDALE, Dorothy appointed
director
2006-09-12
➕
NORMANDALE, Frederick George appointed
director
2006-09-12
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2006-09-12
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2006-09-12
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2006-09-12
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

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 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100

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 80 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 20 years.
secondaryStable-but-static management: Company is 20 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 low

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Iain Mclean Individual · British · DOB 09/1967 · age 59	—	—	sig. influencesignificant influence	12/07/2023
Mr Frederick George Normandale Individual · British · DOB 09/1948 · age 78	—	—	sig. influencesignificant influence	12/07/2023

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 · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
R.S.M. MILNE (DYKELANDS) LIMITED→ SC030118 · est 1954 · no financials extracted	—	—	—	—	71y	—	—
RAYNER SIM (FISHING) LTD.→ SC243553 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
RDW307 LTD→ SC699924 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
RIBSMARIE LIMITED→ SC422251 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
RITCH FINGASK LIMITED→ SC759033 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
RJD FARMS LIMITED→ SC855979 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RYAN HOGARTH FISHING LTD→ SC608073 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
S D WEST LIMITED→ SC510850 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
SAGITTARIUS FISHING COMPANY LIMITED→ SC536003 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
SCENTRAL BARK LTD→ SC719955 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
SCOTLARCH LTD→ SC748510 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
SCOTNET (INTERNATIONAL) LTD.→ SC148062 · est 1993 · no financials extracted	—	—	—	—	32y	—	—

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

Incorporated2006-09-12

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Arnlean

Old Arnbog

Gamrie

Aberdeenshire

AB45 3HJ

Scotland

Filing status

Accounts

Next due: 2026-12-30

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-10

Last: 2025-09-26