TREELINE FORESTRY LIMITED

💤Zombieactive
SC381396 · ltd · incorporated 2010-07-02
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 Jul 2025
Net worth
£201
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 02100
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £201
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£30k
↑ 9.5% YoY
Net Worth
£201
↑ 102% YoY
Current Assets
£101k
↑ 36% YoY
Current Liabilities
—
-£12k£11k£33k£56k£79k£101kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£40.7k£-7.7k
Current assets£101.2k£74.3k
Cash£30.2k£27.5k
Debtors£71.0k£46.7k
Net assets£201£-12.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-03
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2021-04-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2018-10-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2018-10-01
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2018-10-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-08-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2010-07-02
    🏢
    Company incorporated
    As TREELINE FORESTRY LIMITED
  18. 2010-07-02
    ➕
    HARRINGTON, Sandra Katrina appointed
    secretary
  19. 2010-07-02
    ➕
    MACKAY, John appointed
    director

Owner dependency

98/100
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.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Mackay
Individual · British · DOB 03/1965 · age 61
75–100%
—75-100% shares01/07/2016
1 historic (ceased) PSC
  • M/S Sandra Katrina Harringtonceased 30/06/2017· 25-50% shares

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

Similar companies

Active · Agriculture · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—69y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—25y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10049y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y8371y
ACHLAIN ESTATES LIMITED→
SC138631 · est 1992
———20033y8267y
BRAHAN FARMS LIMITED→
SC048495 · est 1971
———40055y8284y
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
Incorporated2010-07-02
Jurisdictionscotland
Primary SIC02100 — SIC 02100

Registered office

Seafield Of Raigmore
Seafield Farmhouse
Inverness
Inverness-Shire
IV2 7PA
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02

Officers (2 active · 0 resigned)

HARRINGTON, Sandra Katrina→
secretary · appointed 2010-07-02
View their other companies + combined net worth →
Active
MACKAY, John→
director · ~61y · appointed 2010-07-02
View their other companies + combined net worth →
Active

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

Recent filings (38 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-03
change-person-secretary-company-with-change-date
officers · CH03
2021-09-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-02