CULLISSE FARMS LTD

🌿Early-stageactive
SC735474 · ltd · incorporated 2022-06-14
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Filings: 16 → 17
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 3.8y old — refinance window within 12 months
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Filings: 16 → 17
Last 90 days

Picture improved over the last 90 days — 1 positive signal vs 0 negative.

  • ↑Filings: 16 → 17
Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 3.8y

60/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees3600

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
5
filings
  • • 1 confirmation-statement
  • • 1 accounts
  • • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-20
    📄
    memorandum-articles
    incorporation · MA
  3. 2026-03-20
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-03-20
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2025-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-01-16
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  9. 2022-12-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2022-12-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2022-12-07
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  12. 2022-12-07
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
  13. 2022-12-02
    📄
    capital-allotment-shares
    capital · SH01
  14. 2022-10-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2022-10-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2022-10-10
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
  17. 2022-10-06
    ➕
    MACKENZIE, Leigh Alison appointed
    director
  18. 2022-06-14
    🏢
    Company incorporated
    As CULLISSE FARMS LTD
  19. 2022-06-14
    ➕
    MACKENZIE, Leigh Alison appointed
    secretary
  20. 2022-06-14
    ➕
    MACKENZIE, Charles Peter appointed
    director
  21. 2022-06-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Charles Peter Mackenzie
Individual · British · DOB 09/1980 · age 46
25–50%
25–50%25-50% shares · 25-50% voting14/06/2022
Mrs Leigh Alison Mackenzie
Individual · British · DOB 08/1985 · age 41
25–50%
25–50%25-50% shares · 25-50% voting14/06/2022

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

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Active · Agriculture · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—70y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—25y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10050y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y8371y
ACHLAIN ESTATES LIMITED→
SC138631 · est 1992
———20034y8267y
BRAHAN FARMS LIMITED→
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———40055y8284y
BRUCE MACKENZIE LIMITED→
SC157265 · est 1995
———131y8260y
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
Incorporated2022-06-14
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Cullisse Farm
Nigg
Tain
IV19 1QN
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-06-27
Last: 2026-06-13

Officers (3 active · 0 resigned)

MACKENZIE, Leigh Alison→
secretary · appointed 2022-06-14
View their other companies + combined net worth →
Active
MACKENZIE, Charles Peter→
director · ~46y · appointed 2022-06-14
View their other companies + combined net worth →
Active
MACKENZIE, Leigh Alison→
director · ~41y · appointed 2022-10-06
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge1 property16/01/2023—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge1 property07/12/2022—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
A registered charge1 property07/12/2022—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
A registered charge—10/10/2022—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
memorandum-articles
incorporation · MA
2026-03-20
resolution
resolution · RESOLUTIONS
2026-03-20
capital-name-of-class-of-shares
capital · SH08
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-01-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-16
capital-allotment-shares
capital · SH01
2022-12-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-18