GLOAG & SONS LIMITED
Company number 00655322 · Monitor this company
Executive summary
Gloag & Sons Limited is a long-established farming business that is technically insolvent with net liabilities of £33k and a severe working capital deficiency of £1.78 million. The company is asset-rich but cash-poor, with 77% of its £6.47 million assets tied up in illiquid land and machinery, while carrying approximately £4.36 million in total borrowings. Credit approval is only warranted on a conditional basis, requiring first-ranking security over tangible assets, personal guarantees from the director (who has already pledged 250 acres of land), strict financial covenants, and enhanced reporting including monthly management accounts. The fundamental concern is whether the underlying farming operation generates sufficient seasonal cash flow to service existing debt obligations – a question the absence of a profit and loss account makes impossible to definitively answer.
Shareholders' funds
-£33,073
Balance sheet as at 2025-09-30
Overview
- Company type
- Private Limited Company
- Incorporated
- 1960-04-05
- Employees
- 17 (2025 accounts · was 14 in 2024)
- Registered office
- Busby House,, Stokesley,, Middlesborough,, Cleveland., TS9 5LB
- Postcode
- TS9 5LB
- Capital
- 230 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-09-30
- Next due by
- 2027-06-30
- Financial year end
- 30 September
Confirmation statement
- Last statement dated
- 2026-07-16
- Next due by
- 2027-07-30
Nature of business (SIC)
- 1110 Growing of cereals (except rice), leguminous crops and oil seeds
Officers 2 current · 2 resigned
Group structure 1 subsidiary
From persons-with-significant-control filings on the public register.
Among its peers
The largest employer
of 11 similar companies in TS, with 17 staff. 2nd oldest of its local peers.
Competitors Middlesbrough
This company ranks 14 among growing of cereals (except rice), leguminous crops and oil seeds in Middlesbrough.
Property in England & Wales 2 titles
- Freehold
- 2
- Most recent registration
- 2012-10-05
- Where
- North Yorkshire (2)
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| NYK271704 | North Yorkshire | Freehold | 2012-10-05 | — |
| NYK356440 | North Yorkshire | Freehold | 2008-06-23 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.