STEWARTON FARMS LTD
💤Zombieactive
SC641764 · ltd · incorporated 2019-09-17
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 2025
Net worth
£-110.7k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 01470
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 67). 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: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 4.0y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.0 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 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
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 102Negative net assets
Liabilities exceed assets by £110,716
Cash YoY
+83%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£179k
↑ 83% YoY
Net Worth
-£111k
↑ 62% YoY
Current Assets
£222k
↑ 62% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £1.78M | £1.88M |
| Current assets | £222.1k | £137.1k |
| Cash | £178.7k | £97.5k |
| Debtors | £43.3k | £39.6k |
| Net assets | £-110.7k | £-290.5k |
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
2
filings
- • 1 accounts
- • 1 officers
Last 180 days
2
filings
- • 1 accounts
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-03-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-01➖GANJAEI, Mohsen resigneddirector
- 2025-01-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-16📄change-person-director-company-with-change-dateofficers · CH01
- 2023-05-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-05-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-10📄capital-allotment-sharescapital · SH01
- 2023-05-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-24➕GANJAEI, Mohsen appointeddirector
- 2022-06-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-05🔒Charge registered #2Lender: Aviagen Limited
- 2022-05-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-14🔒Charge registered #1Lender: Aviagen Limited
- 2021-06-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-07-14📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2020-06-12➖ARMIN, Farmin resigneddirector
- 2020-06-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-04-08➕ARMIN, Farmin appointeddirector
- 2019-09-17🏢Company incorporatedAs STEWARTON FARMS LTD
- 2019-09-17➕POWLEY, John Wilson appointeddirector
Owner dependency
90/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mohsen Ganjaei Individual · British · DOB 04/1975 · age 51 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 24/03/2023 |
1 historic (ceased) PSC
- Mr John Wilson Powleyceased 17/10/2024· 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.
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|---|---|---|---|---|---|---|---|
| S & M GRUHAM LTD→ SC585555 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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| SWOAC LIMITED→ SC044908 · est 1967 · no financials extracted | — | — | — | — | 58y | — | — |
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| THE CAULDSHIEL CATTLE COMPANY LTD→ SC423942 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| THE NORTH BERWICK FLOWER COMPANY LTD→ SC797704 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| THE SCOTTISH HALIBUT COMPANY LTD→ SC825964 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| THE TAY SALMON FISHERIES COMPANY LIMITED→ SC250691 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| THE WHINS GAME FARM LTD→ SC716408 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THOMSON FAMILY FARMS LIMITED→ SC537022 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2019-09-17
Jurisdictionscotland
Primary SIC01470 — SIC 01470
Registered office
36 Middlewood Park
Deans
Livingston
EH54 8AZ
Scotland
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-31
Last: 2025-10-17
Officers (1 active · 2 resigned)
POWLEY, John Wilson→
Activedirector · ~67y · appointed 2019-09-17
View their other companies + combined net worth →
ARMIN, Farmin→
Resigneddirector · ~52y · appointed 2020-04-08 · resigned 2020-06-12
GANJAEI, Mohsen→
Resigneddirector · ~51y · appointed 2023-03-24 · resigned 2026-03-01
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Aviagen Aviagen Limited | A registered charge | 1 property | 05/05/2022 | — | |
| outstanding | Aviagen Aviagen Limited | A registered charge | — | 14/04/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (30 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-09
termination-director-company-with-name-termination-date
officers · TM01
2026-03-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-16
change-person-director-company-with-change-date
officers · CH01
2023-05-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-05-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-12
capital-allotment-shares
capital · SH01
2023-05-10