STEWARTS PRODUCE LIMITED

🌳Matureactive
SC509801 · ltd · incorporated 2015-07-01
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 May 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Activities of agricultural holding companies
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 66). 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: strategic trade sale (78/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 10.5y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 10.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £3,112,442

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0May 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Profit before tax£3.11M£3.82M
Average employees51645100

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

🔒Filing-note intelligence

4 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
4
filings
  • • 3 persons-with-significant-control
  • • 1 accounts
Last 180 days
4
filings
  • • 3 persons-with-significant-control
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-02-18
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2026-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2026-02-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-01-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-02-28
    📄
    accounts-with-accounts-type-group
    accounts · AA
  6. 2024-07-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-05-10
    📄
    capital-name-of-class-of-shares
    capital · SH08
  8. 2024-05-09
    📄
    memorandum-articles
    incorporation · MA
  9. 2024-05-09
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2024-02-19
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2024-01-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-02-13
    📄
    accounts-with-accounts-type-group
    accounts · AA
  13. 2021-12-16
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2021-05-27
    📄
    accounts-with-accounts-type-group
    accounts · AA
  15. 2020-03-03
    📄
    accounts-with-accounts-type-group
    accounts · AA
  16. 2019-03-28
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2019-03-28
    📄
    capital-return-purchase-own-shares
    capital · SH03
  18. 2019-03-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2019-03-21
    🔓
    Charge satisfied #2
  20. 2019-03-21
    🔓
    Charge satisfied #1
  21. 2019-02-26
    ➖
    STEWART, James Cameron resigned
    director
  22. 2019-02-25
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  23. 2016-04-06
    ➕
    STEWART, Sheena Jackson appointed
    director
  24. 2015-10-21
    🔒
    Charge registered #2
    Lender: James Cameron Stewart
  25. 2015-10-21
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  26. 2015-08-12
    ➕
    BAXTER, Douglas William appointed
    director
  27. 2015-08-12
    ➕
    STEWART, Liam Hardie appointed
    director
  28. 2015-08-12
    ➕
    STEWART, William Hardie appointed
    director
  29. 2015-08-12
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-secretary
  30. 2015-08-12
    ➕
    STEWART, James Cameron appointed
    director
  31. 2015-08-12
    ➖
    VINDEX LIMITED resigned
    corporate-director
  32. 2015-08-12
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-director
  33. 2015-08-04
    ➖
    TRUESDALE, Christine resigned
    director
  34. 2015-07-01
    🏢
    Company incorporated
    As STEWARTS PRODUCE LIMITED
  35. 2015-07-01
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-secretary
  36. 2015-07-01
    ➕
    TRUESDALE, Christine appointed
    director
  37. 2015-07-01
    ➕
    VINDEX LIMITED appointed
    corporate-director
  38. 2015-07-01
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-director

Owner dependency

78/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Hardie Stewart
Individual · British · DOB 12/1960 · age 66
50–75%
50–75%board control50-75% shares · 50-75% voting · board control02/02/2026
Mr Liam Hardie Stewart
Individual · British · DOB 05/1988 · age 38
25–50%
25–50%25-50% shares · 25-50% voting07/05/2024
1 historic (ceased) PSC
  • Mr William Hardie Stewartceased 02/02/2026· 75-100% shares · 75-100% 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 →

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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
Incorporated2015-07-01
Jurisdictionscotland
Primary SIC64201 — Activities of agricultural holding companies

Registered office

Tofthill
Glencarse
Perth
Scotland
PH2 7LS
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (4 active · 5 resigned)

BAXTER, Douglas William→
director · ~50y · appointed 2015-08-12
View their other companies + combined net worth →
Active
STEWART, Liam Hardie→
director · ~38y · appointed 2015-08-12
View their other companies + combined net worth →
Active
STEWART, Sheena Jackson→
director · ~63y · appointed 2016-04-06
View their other companies + combined net worth →
Active
STEWART, William Hardie→
director · ~66y · appointed 2015-08-12
View their other companies + combined net worth →
Active
MACLAY MURRAY & SPENS LLP→
corporate-secretary · appointed 2015-07-01 · resigned 2015-08-12
Resigned
STEWART, James Cameron→
director · ~77y · appointed 2015-08-12 · resigned 2019-02-26
Resigned
TRUESDALE, Christine→
director · ~66y · appointed 2015-07-01 · resigned 2015-08-04
Resigned
VINDEX LIMITED→
corporate-director · appointed 2015-07-01 · resigned 2015-08-12
Resigned
VINDEX SERVICES LIMITED→
corporate-director · appointed 2015-07-01 · resigned 2015-08-12
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property25/02/2019—
satisfied
James Cameron Stewart
A registered charge—21/10/201521/03/2019
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge—21/10/201521/03/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

accounts-with-accounts-type-group
accounts · AA
2026-02-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-group
accounts · AA
2025-02-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-15
capital-name-of-class-of-shares
capital · SH08
2024-05-10
memorandum-articles
incorporation · MA
2024-05-09
resolution
resolution · RESOLUTIONS
2024-05-09
accounts-with-accounts-type-group
accounts · AA
2024-02-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-group
accounts · AA
2023-02-13