AQUA BLUE SEAFOODS LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
6 live charges · 3 lenders · oldest 27.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | — | £1.0k |
| Debtors | — | £1.0k |
| Net assets | — | £1.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 gazette
- • 1 dissolution
- • 1 accounts
- • 1 gazette
- • 1 dissolution
- • 1 accounts
Corporate timeline (44 events)Click to expand
- 2026-04-28📄gazette-notice-voluntarygazette · GAZ1(A)
- 2026-04-15📄dissolution-application-strike-off-companydissolution · DS01
- 2026-03-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-04-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-09-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-02-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-02-19➖TANG, Daniel resignedsecretary
- 2023-09-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-05-25➕FINEGAN, Martin John appointeddirector
- 2023-05-25➖ROSE, Mario Eric resigneddirector
- 2023-05-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-27📄legacyaccounts · PARENT_ACC
- 2021-09-27📄legacyother · GUARANTEE2
- 2021-09-27📄legacyother · AGREEMENT2
- 2020-09-25📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2010-07-22➕TANG, Daniel appointedsecretary
- 2010-07-12➕SAW, Hai Earn appointeddirector
- 2010-07-12➖COULTER, Richard resignedsecretary
- 2010-07-12➖CHAMBERS, John resigneddirector
- 2010-07-12➖CHAMBERS, William resigneddirector
- 2010-07-12➖INGHAM, Adrian John resigneddirector
- 2010-07-12➕ROSE, Mario Eric appointeddirector
- 2010-06-26🔓Charge satisfied #6
- 2010-06-26🔓Charge satisfied #5
- 2009-05-08🔓Charge satisfied #3
- 2007-10-23🔒Charge registered #6Lender: Hsbc Bank PLC
- 2006-02-07🔒Charge registered #5Lender: Hsbc Bank PLC
- 2005-09-26🔒Charge registered #4Lender: Hsbc Bank PLC
- 2000-09-19🔓Charge satisfied #2
- 2000-09-19🔓Charge satisfied #1
- 2000-06-10🔒Charge registered #3Lender: The Governor and Company of the Bank of Ireland
- 2000-03-01➕CHAMBERS, John appointeddirector
- 2000-03-01➕CHAMBERS, William appointeddirector
- 1999-03-11🔒Charge registered #2Lender: Lloyds Bank PLC
- 1999-03-05🔒Charge registered #1Lender: Lloyds Bank PLC
- 1997-04-01➕COULTER, Richard appointedsecretary
- 1997-04-01➖INGHAM, Christine Susan resignedsecretary
- 1987-07-22🏢Company incorporatedAs AQUA BLUE SEAFOODS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Butterworth Iceworks Sdn. Bhd. is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Butterworth Iceworks Sdn. Bhd. Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 08/04/2025 |
1 historic (ceased) PSC
- Pacific West Foods (Uk) Ltdceased 08/04/2025· 75-100% shares · 75-100% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 7 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 23/10/2007 | 26/06/2010 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 07/02/2006 | 26/06/2010 | |
| outstanding | HSBC Hsbc Bank PLC | Debenture | 1 property | 26/09/2005 | — | |
| satisfied | The Governor and Company of the Bank of Ireland | Debenture | 1 property | 10/06/2000 | 08/05/2009 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Mortgage | 1 property | 11/03/1999 | 19/09/2000 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Debenture deed | 1 property | 05/03/1999 | 19/09/2000 |