HIGHLAND CIDER LIMITED

💤Zombieactive
SC486663 · ltd · incorporated 2014-09-16
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 Sept 2024
Net worth
£-42.0k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 11030
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: distressed disposal / insolvency (65/100).

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £42,015

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£42k
↓ 29% YoY
Current Assets
£6k
↓ 18% YoY
Current Liabilities
-£42k-£32k-£22k-£12k-£3k£7kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£-42.0k£-32.7k
Current assets£6.0k£7.3k
Cash£657
Net assets£-42.0k£-32.7k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-04-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-06-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-06-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2023-06-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-04-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-08-31
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2022-08-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-06-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-06-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-01-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2020-06-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2019-06-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-11-30
    📄
    dissolution-withdrawal-application-strike-off-company
    dissolution · DS02
  14. 2018-10-02
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  15. 2018-09-20
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  16. 2018-08-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2014-09-16
    🏢
    Company incorporated
    As HIGHLAND CIDER LIMITED
  18. 2014-09-16
    MUNRO FERGUSON, William Hector Luttrell appointed
    director

Owner dependency

80/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 William Hector Luttrell Munro Ferguson
Individual · British · DOB 12/1989 · age 37
75100%
75–100%board control75-100% shares · 75-100% voting · board control · trust interest · firm interest06/04/2016

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

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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
Incorporated2014-09-16
Jurisdictionscotland
Primary SIC11030 — SIC 11030

Registered office

Novar House
Evanton
Dingwall
Ross-Shire
IV16 9XL

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (1 active · 0 resigned)

MUNRO FERGUSON, William Hector Luttrell
director · ~37y · appointed 2014-09-16
View their other companies + combined net worth →
Active

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

Recent filings (30 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-23
change-person-director-company-with-change-date
officers · CH01
2023-06-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-28
gazette-filings-brought-up-to-date
gazette · DISS40
2022-08-31
gazette-notice-compulsory
gazette · GAZ1
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-01-07