FARMERS ARMS (THORNHILL) LIMITED
🌿Early-stageactive
SC777170 · ltd · incorporated 2023-07-27
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£13.4k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 2.4y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Newest facility, 2.4 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
11 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £13,366
Cash YoY
+3%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£47k
↑ 3.2% YoY
Net Worth
£13k
↑ 21% YoY
Current Assets
£55k
↑ 8.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £102.5k | £99.1k |
| Current assets | £54.8k | £50.6k |
| Cash | £47.0k | £45.6k |
| Debtors | £2.3k | — |
| Net assets | £13.4k | £11.0k |
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
- 2025-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-10📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2023-12-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-12-06🔒Charge registered #2Lender: Bank of Scotland PLC
- 2023-11-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-23🔒Charge registered #1Lender: Bank of Scotland PLC
- 2023-09-04📄change-person-director-company-with-change-dateofficers · CH01
- 2023-09-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-27🏢Company incorporatedAs FARMERS ARMS (THORNHILL) LIMITED
- 2023-07-27➕MORRISON, Andrew Murray appointeddirector
- 2023-07-27➕MORRISON, Kirsty-Anne appointeddirector
- 2023-07-27📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial 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.
- +Young company: Only 2.8 years old — management layer unlikely to be developed.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Murray Morrison Individual · British · DOB 02/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/07/2023 |
Mrs Kirsty-Anne Morrison Individual · British · DOB 06/1980 · age 46 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 27/07/2023 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| J&M GOREBRIDGE LTD→ SC848437 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JBA2025 LTD→ SC808322 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| JETDAVBID LIMITED→ SC844122 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JHEE PASA LIMITED→ SC704099 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| JIAWEIXUAN LTD→ SC848182 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| JOY TASTE LTD→ SC565617 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| KAMI QUARTERMILE BUBBLE TEA LIMITED→ SC623262 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| KARKER LTD→ SC667206 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| KASBAH TAKEAWAY LTD→ SC745141 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KASPERKASSIE PROPERTY MANAGEMENT LTD→ SC866936 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| KBR SCOT LIMITED→ SC776074 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KCLOUD LTD→ SC746835 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2023-07-27
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
2 Craigengar Gate
West Linton
EH46 7JL
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04
Officers (2 active · 0 resigned)
MORRISON, Andrew Murray→
Activedirector · ~46y · appointed 2023-07-27
View their other companies + combined net worth →
MORRISON, Kirsty-Anne→
Activedirector · ~46y · appointed 2023-07-27
View their other companies + combined net worth →
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 | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 06/12/2023 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 23/11/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (11 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
change-account-reference-date-company-current-shortened
accounts · AA01
2024-01-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-04
change-person-director-company-with-change-date
officers · CH01
2023-09-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-04
incorporation-company
incorporation · NEWINC
2023-07-27