MERRYHAGEN FARMING LTD

💤Zombieactive

SC771876 · ltd · incorporated 2023-06-07

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: early → zombie
· Investment thesis: growth_story → zombie_hold
· Filings: 4 → 6

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

↓Lifecycle stage: early → zombie
·Investment thesis: growth_story → zombie_hold
↑Filings: 4 → 6

Last 90 days

No snapshot from 90 days ago — start tracking from today.

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

71/100

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 71/100 (strong), bankability 70/100. 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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

6 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-06-30	2024-06-30
Average employees	0	—

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

filings

• 1 accounts
• 1 confirmation-statement

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (5 events)Click to expand

2026-06-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-07
🏢
Company incorporated
As MERRYHAGEN FARMING LTD
2023-06-07
➕
WOODS, Michael James appointed
director
2023-06-07
📄
incorporation-company
incorporation · NEWINC

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100

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.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael James Woods Individual · British · DOB 03/1989 · age 37	75–100%	75–100%	75-100% shares · 75-100% voting	07/06/2023

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

Similar companies

Active · Agriculture · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MUIREND FARMING COMPANY LIMITED→ SC033965 · est 1959	—	—	£753.7k	—	67y	83	81y
A & W STEEL LIMITED→ SC355100 · est 2009	—	—	£1.72M	—	17y	82	58y
CARLETON FARMING LIMITED→ SC295006 · est 2006	—	—	£275.2k	—	20y	82	81y
CHIRMORRIE ENTERPRISES LTD.→ SC199113 · est 1999	—	—	£288.1k	—	26y	82	71y
CRAIG WILSON LIMITED→ SC231078 · est 2002	—	—	—	19	24y	82	70y
HAMILTON & CO. MANAGEMENT LIMITED→ SC375040 · est 2010	—	—	£3.26M	—	16y	82	64y
HYSLOP BROTHERS LIMITED→ SC295009 · est 2006	—	—	£277.4k	—	20y	82	68y
JAMES FORREST AGRICULTURAL CONTRACTORS LIMITED→ SC281572 · est 2005	—	—	—	200	21y	82	86y
JIM WILMER & SONS TIMBER HARVESTING LTD.→ SC381371 · est 2010	—	—	£2.12M	—	16y	82	65y
JOHN B. SCOTT LIMITED→ SC058972 · est 1975	—	—	£4.65M	—	50y	82	82y
NUTRISCOT LTD.→ SC302822 · est 2006	—	—	£341.6k	—	20y	82	61y
WILSON FOREST PRODUCTS LIMITED→ SC230059 · est 2002	—	—	—	4	24y	82	86y

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.

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Company details

Statusactive

Typeltd

Incorporated2023-06-07

Jurisdictionscotland

Primary SIC01500 — SIC 01500

Registered office

1 Simonsburn Road

Kilmarnock

Ayrshire

KA1 5LA

United Kingdom

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-06-20

Last: 2026-06-06

Officers (1 active · 0 resigned)

WOODS, Michael James→

director · ~37y · appointed 2023-06-07

View their other companies + combined net worth →

Active

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

Recent filings (6 total)

accounts-with-accounts-type-dormant

accounts · AA

2026-06-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-06

accounts-with-accounts-type-dormant

accounts · AA

2025-02-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-10

incorporation-company

incorporation · NEWINC

2023-06-07