AQUA BLUE SEAFOODS LIMITED

🌳Matureactive
02149316 · ltd · incorporated 1987-07-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

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

35/100
too messy

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.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
130 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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£200£400£600£800£1kJun 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
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

Last 30 days
0
filings
Last 90 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 accounts
Last 180 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-04-28
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-04-15
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2026-03-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-04-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  5. 2025-04-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-09-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-02-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2024-02-19
    TANG, Daniel resigned
    secretary
  9. 2023-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-05-25
    FINEGAN, Martin John appointed
    director
  11. 2023-05-25
    ROSE, Mario Eric resigned
    director
  12. 2023-05-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-05-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2022-09-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-09-27
    📄
    legacy
    accounts · PARENT_ACC
  17. 2021-09-27
    📄
    legacy
    other · GUARANTEE2
  18. 2021-09-27
    📄
    legacy
    other · AGREEMENT2
  19. 2020-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2019-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2018-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2010-07-22
    TANG, Daniel appointed
    secretary
  23. 2010-07-12
    SAW, Hai Earn appointed
    director
  24. 2010-07-12
    COULTER, Richard resigned
    secretary
  25. 2010-07-12
    CHAMBERS, John resigned
    director
  26. 2010-07-12
    CHAMBERS, William resigned
    director
  27. 2010-07-12
    INGHAM, Adrian John resigned
    director
  28. 2010-07-12
    ROSE, Mario Eric appointed
    director
  29. 2010-06-26
    🔓
    Charge satisfied #6
  30. 2010-06-26
    🔓
    Charge satisfied #5
  31. 2009-05-08
    🔓
    Charge satisfied #3
  32. 2007-10-23
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  33. 2006-02-07
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  34. 2005-09-26
    🔒
    Charge registered #4
    Lender: Hsbc Bank PLC
  35. 2000-09-19
    🔓
    Charge satisfied #2
  36. 2000-09-19
    🔓
    Charge satisfied #1
  37. 2000-06-10
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Ireland
  38. 2000-03-01
    CHAMBERS, John appointed
    director
  39. 2000-03-01
    CHAMBERS, William appointed
    director
  40. 1999-03-11
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  41. 1999-03-05
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  42. 1997-04-01
    COULTER, Richard appointed
    secretary
  43. 1997-04-01
    INGHAM, Christine Susan resigned
    secretary
  44. 1987-07-22
    🏢
    Company incorporated
    As AQUA BLUE SEAFOODS LIMITED

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +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

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • 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 ·
Charge satisfaction-then-recreation pattern
medium

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.

🏛️
Butterworth Iceworks Sdn. Bhd.
Corporate parent · holds 75-100% shares · board control
ultimate parent
AQUA BLUE SEAFOODS LIMITED
This company · 02149316

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%
NameSharesVoting rightsNature of controlNotified
Butterworth Iceworks Sdn. Bhd.
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control08/04/2025
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.

🔒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 →

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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
Incorporated1987-07-22
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

3 Willowside Park, Canal Road
Trowbridge
BA14 8RH
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (2 active · 7 resigned)

FINEGAN, Martin John
director · ~59y · appointed 2023-05-25
View their other companies + combined net worth →
Active
SAW, Hai Earn
director · ~68y · appointed 2010-07-12
View their other companies + combined net worth →
Active
COULTER, Richard
secretary · appointed 1997-04-01 · resigned 2010-07-12
Resigned
INGHAM, Christine Susan
secretary · resigned 1997-04-01
Resigned
TANG, Daniel
secretary · appointed 2010-07-22 · resigned 2024-02-19
Resigned
CHAMBERS, John
director · ~69y · appointed 2000-03-01 · resigned 2010-07-12
Resigned
CHAMBERS, William
director · ~71y · appointed 2000-03-01 · resigned 2010-07-12
Resigned
INGHAM, Adrian John
director · ~73y · resigned 2010-07-12
Resigned
ROSE, Mario Eric
director · ~70y · appointed 2010-07-12 · resigned 2023-05-25
Resigned

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

Mortgages & charges

6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property23/10/200726/06/2010
satisfied
HSBC
Hsbc Bank PLC
Legal mortgage1 property07/02/200626/06/2010
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property26/09/2005
satisfied
The Governor and Company of the Bank of Ireland
Debenture1 property10/06/200008/05/2009
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property11/03/199919/09/2000
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Debenture deed1 property05/03/199919/09/2000
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (130 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-28
dissolution-application-strike-off-company
dissolution · DS01
2026-04-15
accounts-with-accounts-type-dormant
accounts · AA
2026-03-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-25
accounts-with-accounts-type-dormant
accounts · AA
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-31
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-20
accounts-with-accounts-type-dormant
accounts · AA
2023-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-17
appoint-person-director-company-with-name-date
officers · AP01
2023-05-25
termination-director-company-with-name-termination-date
officers · TM01
2023-05-25
accounts-with-accounts-type-dormant
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02