LMI ENTERPRISES LIMITED

🌳Matureactive

SC445485 · ltd · incorporated 2013-03-19

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2026

Net worth

£-114.9k

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

32 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £114,948

Cash draining

Cash down 59% YoY

Cash YoY

-59%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£13k

↓ 59% YoY

Net Worth

-£115k

↓ 40% YoY

Current Assets

£30k

↓ 34% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-03-31	2025-03-31
Total assets	£217.4k	£-79.1k
Current assets	£30.3k	£45.9k
Cash	£13.3k	£32.2k
Debtors	£17.0k	£13.7k
Net assets	£-114.9k	£-82.2k

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-04-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-03
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-04-03
➕
INKSTER, Carol Ann Marie appointed
director
2018-04-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-10-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-11
📄
capital-allotment-shares
capital · SH01
2015-11-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-03-19
🏢
Company incorporated
As LMI ENTERPRISES LIMITED
2013-03-19
➕
INKSTER, Lindsay Magnus appointed
director

Owner dependency

71/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 13 years.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Lindsay Magnus Inkster Individual · British · DOB 09/1974 · age 52	—	—	sig. influencesignificant influence	06/04/2016

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.

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Similar companies

Active · Agriculture · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RESEARCH FISHING CO. LIMITED→ SC103453 · est 1987	£15.65M £12.04M–£19.26M	—	—	0	39y	81	87y
CHARISMA HOLDING COMPANY LIMITED→ SC207704 · est 2000	£14.85M £11.42M–£18.28M	—	—	0	25y	80	75y
GRONIDAAL ORGANIC SMOLTS LTD.→ SC307638 · est 2006	—	—	£396.2k	—	19y	83	82y
UNST SHELLFISH LTD.→ SC326121 · est 2007	—	—	£180.6k	—	18y	83	61y
C & A THOMASON LTD.→ SC197920 · est 1999	—	—	£217.5k	—	26y	82	88y
GUIDING LIGHT FISHING COMPANY LIMITED→ SC339799 · est 2008	—	—	—	2	18y	82	58y
SHETLAND MARINE LIMITED→ SC398706 · est 2011	—	—	—	3	15y	82	70y
SHETLAND SEAFOOD AUCTIONS LIMITED→ SC190378 · est 1998	—	—	£408.2k	—	27y	82	62y
TINGWALL LIVESTOCK LIMITED→ SC285843 · est 2005	—	—	£247.4k	—	20y	82	75y
ANDERSON BROS (VOE) LTD.→ SC246814 · est 2003	—	—	£220.2k	—	23y	80	64y
BLUESHELL MUSSELS LIMITED→ SC254395 · est 2003	—	—	£16.08M	—	22y	80	58y
COLLAFIRTH SEAFARMS LIMITED→ SC335991 · est 2008	—	—	—	—	18y	80	70y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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.

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Company details

Statusactive

Typeltd

Incorporated2013-03-19

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

1 Nort Greenhoulls

Brae

Shetland

ZE2 9UA

Filing status

Accounts

Next due: 2027-12-31

Last made up to: 2026-03-31

Confirmation statement

Next due: 2027-03-31

Last: 2026-03-17

Officers (2 active · 0 resigned)

INKSTER, Carol Ann Marie→

director · ~55y · appointed 2018-04-03

View their other companies + combined net worth →

Active

INKSTER, Lindsay Magnus→

director · ~52y · appointed 2013-03-19

View their other companies + combined net worth →

Active

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