LEGARS LIMITED
🌳Matureactive
SC461967 · ltd · incorporated 2013-10-21
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 May 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 01629
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company with a 77-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 77). 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
10 live charges · 3 lenders · oldest 6.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 6.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (78/100)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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
53 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Average employees | 2000 | 2000 |
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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-02-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-23📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-09🔒Charge registered #10Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2024-08-09🔓Charge satisfied #6
- 2024-08-09🔓Charge satisfied #4
- 2024-08-09🔓Charge satisfied #5
- 2024-08-09🔓Charge satisfied #3
- 2024-08-09🔓Charge satisfied #2
- 2024-07-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-01🔓Charge satisfied #1
- 2024-06-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-17🔒Charge registered #9Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2024-06-17🔒Charge registered #8Lender: Clydesdale Bank PLC (Trading as Virgin Money)
- 2024-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-15🔒Charge registered #7Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
- 2024-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-13📄capital-allotment-sharescapital · SH01
- 2023-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-19🔒Charge registered #6Lender: Bank of Scotland PLC
- 2019-08-22🔒Charge registered #4Lender: Bank of Scotland PLC
- 2019-08-19🔒Charge registered #5Lender: Bank of Scotland PLC
- 2019-08-19🔒Charge registered #3Lender: Bank of Scotland PLC
- 2019-08-19🔒Charge registered #2Lender: Bank of Scotland PLC
- 2019-07-23🔒Charge registered #1Lender: Bank of Scotland PLC
- 2019-05-26➖RENWICK, John Robert resigneddirector
- 2013-10-21🏢Company incorporatedAs LEGARS LIMITED
- 2013-10-21➕RENWICK, Bruce Jonathon appointeddirector
- 2013-10-21➕RENWICK, Janet Elizabeth appointeddirector
- 2013-10-21➕RENWICK, John Robert appointeddirector
Owner dependency
81/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 77 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Bruce Jonathon Renwick Individual · British · DOB 02/1980 · age 46 | 50–75% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
Mrs Janet Elizabeth Renwick Individual · British · DOB 02/1949 · age 77 | 25–50% | — | 25-50% shares | 13/02/2023 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · TD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HIGHFIELD FARMING LIMITED→ 03525485 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| JAMES STRAUGHAN & SONS LIMITED→ 00204102 · est 1925 · no financials extracted | — | — | — | — | 101y | — | — |
| JSW ACCESS & TREE SERVICES LIMITED→ 12223460 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| L & S E NIELSEN LIMITED→ 04617024 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| L.C. SMALES & SON LIMITED→ 06788163 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| LADYKIRK ESTATES LIMITED→ SC015891 · est 1930 · no financials extracted | — | — | — | — | 96y | — | — |
| LAND CUSTODIANS LTD→ SC657661 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| LEEPEN WILD LAND LTD→ SC792851 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LETHAM FARMING LIMITED→ SC271800 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| LINDAQUATICS UK LTD→ SC877785 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LINDEN LEA LANDSCAPING & TREE SERVICES LIMITED→ SC245648 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| LINDISFARNE LUING LIMITED→ 07449519 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2013-10-21
Jurisdictionscotland
Primary SIC01629 — SIC 01629
Registered office
Legars Farm
Kelso
Roxburghshire
TD5 7TN
United Kingdom
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21
Officers (2 active · 1 resigned)
RENWICK, Bruce Jonathon→
Activedirector · ~46y · appointed 2013-10-21
View their other companies + combined net worth →
RENWICK, Janet Elizabeth→
Activedirector · ~77y · appointed 2013-10-21
View their other companies + combined net worth →
RENWICK, John Robert→
Resigneddirector · ~80y · appointed 2013-10-21 · resigned 2019-05-26
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
4
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | 1 property | 09/08/2024 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | 3 properties | 17/06/2024 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) | A registered charge | 2 properties | 17/06/2024 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111) | A registered charge | — | 15/05/2024 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/08/2020 | 09/08/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 4 properties | 22/08/2019 | 09/08/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 19/08/2019 | 09/08/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 4 properties | 19/08/2019 | 09/08/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 19/08/2019 | 09/08/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 23/07/2019 | 01/07/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-07
change-person-director-company-with-change-date
officers · CH01
2024-10-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-13
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-18