FORSE FARMS LTD
🌳Matureactive
SC388765 · ltd · incorporated 2010-11-12
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£561.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 01420
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 01450SIC 01450
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 82/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 15.1y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.1 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 (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
39 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 · FRS 102Positive net assets
Net assets £561,722
Net assets shrinking
Down £2,500 YoY
Cash YoY
-18%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£27k
↓ 18% YoY
Net Worth
£562k
~ YoY
Current Assets
£27k
↓ 19% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £703.4k | £705.9k |
| Current assets | £27.0k | £33.2k |
| Cash | £27.0k | £33.1k |
| Debtors | — | £150 |
| Net assets | £561.7k | £564.2k |
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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-10-08📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-15➖WILLIAMSON, Peter resigneddirector
- 2023-12-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-12-15📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-12-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-01-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-01-24🔓Charge satisfied #1
- 2021-12-15➕WILLIAMSON, Andrew Peter appointeddirector
- 2021-12-15➕WILLIAMSON, Christopher John appointeddirector
- 2021-12-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-08-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-10-03🔒Charge registered #2Lender: Rwe Npower Renewables Limited
- 2011-04-06🔒Charge registered #1Lender: Lloyds Tsb Scotland PLC
- 2010-11-12🏢Company incorporatedAs FORSE FARMS LTD
- 2010-11-12➕WILLIAMSON, Patricia Anne appointeddirector
- 2010-11-12➕WILLIAMSON, Peter appointeddirector
Owner dependency
83/100
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
- +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
43/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFamily succession underway: Not a takeover target — WILLIAMSON, Andrew Peter (same surname) appointed 2021-12-15. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 15 years.
- secondaryStable-but-static management: Company is 15 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 |
|---|---|---|---|---|
Mr Christopher John Williamson Individual · British · DOB 10/1976 · age 50 | — | — | sig. influencesignificant influence · firm interest | 15/12/2023 |
Mr Andrew Peter Williamson Individual · British · DOB 05/1978 · age 48 | — | — | sig. influencesignificant influence · firm interest | 15/12/2023 |
1 historic (ceased) PSC
- Mr Peter Williamsonceased 15/12/2023· 25-50% shares · 25-50% voting · board control
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 · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRECK FARM LIMITED→ SC282508 · est 2005 | — | — | — | 100 | 21y | 83 | 59y |
| ORKNEY SHELLFISH LIMITED→ SC138531 · est 1992 | — | — | £174.7k | — | 33y | 83 | 61y |
| BINSCARTH LIMITED→ SC251665 · est 2003 | — | — | — | 0 | 22y | 82 | 70y |
| CELTIC DAWN FISHING LIMITED→ SC263213 · est 2004 | — | — | £2.01M | — | 22y | 82 | 62y |
| E S H HARCUS LIMITED→ SC375460 · est 2010 | — | — | — | 600 | 16y | 82 | 78y |
| ERLEND FLETT PLANT HIRE→ SC081510 · est 1983 · no financials extracted | — | — | — | — | 43y | 82 | 81y |
| GEORTH FARMS→ SC270361 · est 2004 · no financials extracted | — | — | — | — | 21y | 82 | 78y |
| J & W TAIT LIMITED→ SC030430 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| J STEVENSON & SON LIMITED→ SC420824 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| M MACKENZIE SERVICES LTD→ SC860867 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ROWANPOINT LIMITED→ SC572720 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| SEA CHANCE LIMITED→ SC706337 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2010-11-12
Jurisdictionscotland
Primary SIC01420 — SIC 01420
Registered office
Achingills Farm
Hilliclay Road
Halkirk
Caithness
KW12 6XB
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12
Officers (3 active · 1 resigned)
WILLIAMSON, Andrew Peter→
Activedirector · ~48y · appointed 2021-12-15
View their other companies + combined net worth →
WILLIAMSON, Christopher John→
Activedirector · ~50y · appointed 2021-12-15
View their other companies + combined net worth →
WILLIAMSON, Patricia Anne→
Activedirector · ~72y · appointed 2010-11-12
View their other companies + combined net worth →
WILLIAMSON, Peter→
Resigneddirector · ~73y · appointed 2010-11-12 · resigned 2023-12-15
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Rwe Npower Renewables Rwe Npower Renewables Limited | A registered charge | 1 property | 03/10/2013 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Bond & floating charge | 1 property | 06/04/2011 | 24/01/2022 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (39 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-15
termination-director-company-with-name-termination-date
officers · TM01
2023-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-24
appoint-person-director-company-with-name-date
officers · AP01
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-15