SCOTTISH PELAGIC FISHERMEN'S ASSOCIATION LIMITED

🌳Matureactive

SC016725 · private-limited-guarant-nsc · incorporated 1932-02-09

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£499.8k

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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

90 officers (21 active, 90 linked, 85 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

7 connected companies via shared directors

Filing history

255 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £499,800

Net assets shrinking

Down £14,507 YoY

Cash YoY

-6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£413k

↓ 6.5% YoY

Net Worth

£500k

↓ 2.8% YoY

Current Assets

£522k

↓ 1.5% 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	£499.8k	£514.3k
Current assets	£522.0k	£529.8k
Cash	£412.9k	£441.4k
Debtors	£109.1k	£88.4k
Net assets	£499.8k	£514.3k

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

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (149 events)Click to expand

2026-01-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
➖
STEWART, Arthur George resigned
director
2025-12-17
➕
STEWART, Raymond James appointed
director
2025-07-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-22
➕
BELLANY, David Alexander appointed
director
2025-07-22
➕
MCCULLOUGH, Arnold John appointed
director
2025-07-22
➖
BELLANY, Stephen resigned
director
2025-07-22
➖
DUTHIE, Andrew resigned
director
2025-07-22
➖
TAIT, Nicholas resigned
director
2025-07-22
➖
TAIT JNR, Robert resigned
director
2025-04-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-22
➕
DUTHIE, Andrew appointed
director
2025-04-22
➖
HANSEN, Stale resigned
director
2025-01-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-18
➕
IRVINE, Lawrence Jamieson appointed
director
2024-12-18
➕
POLSON, William appointed
director
2024-12-18
➖
HUTCHISON, David Kay resigned
director
2024-12-18
➖
IRVINE, Laurence resigned
director
2024-07-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-07-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-07-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-22
➕
WEST, Alexander George appointed
director
2024-06-22
➖
WEST, George Robertson resigned
director
2024-06-22
➖
WISEMAN, Alexander resigned
director
2024-01-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-24
➕
HANSEN, Stale appointed
director
2022-02-24
➖
TAIT, Peter resigned
director
2019-12-13
➕
WISEMAN, Adam John appointed
director
2019-12-13
➖
WEST, Alexander George resigned
director
2019-09-01
➖
BUCHAN, Alexander resigned
director
2019-09-01
➖
BUCHAN, Ian resigned
director
2019-09-01
➖
CARDNO, Derek Alister resigned
director
2019-09-01
➖
SIMPSON, Ernest resigned
director
2019-09-01
➖
TAIT, George resigned
director
2019-09-01
➕
TAIT, Nicholas appointed
director
2019-09-01
➖
TAIT, Robert resigned
director
2019-09-01
➖
TAIT, William Whyte resigned
director

Showing most recent 50 of 149 events

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-20 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — IRVINE, Lawrence Jamieson (same surname) appointed 2024-12-18. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

5 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BELLANY, Stephen resigned 2025-07-22; DUTHIE, Andrew resigned 2025-07-22; STEWART, Arthur George resigned 2025-12-23

🔒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

Active · Agriculture · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
EAST COAST VINERS (PEAS AND BEANS) LIMITED→ SC465480 · est 2013	£8.08M £6.21M–£9.94M	£13.37M	—	1800	12y	85	79y
TREETOP FORESTRY LIMITED→ SC292083 · est 2005	£5.00M £3.85M–£6.15M	£12.98M	—	4600	20y	87	72y
ALTNAHARRA ESTATE LIMITED→ SC228455 · est 2002	£634.2k £487.8k–£780.5k	—	—	8	24y	85	71y
CHALLENGE FISHING COMPANY LIMITED→ SC192237 · est 1998	—	—	—	6	27y	83	69y
FORTRIE FARMS LIMITED→ SC158055 · est 1995	—	—	—	10	30y	83	76y
GARDINER ICM LIMITED→ SC197812 · est 1999	—	—	£2.60M	—	26y	83	64y
LORANTHUS FISHING COMPANY LIMITED→ SC312585 · est 2006	—	—	—	0	19y	83	70y
M B AQUARIUS LIMITED→ SC259115 · est 2003	—	—	—	0	22y	83	70y
M.V. QUANTUS LIMITED→ SC150141 · est 1994	—	—	£32.29M	—	32y	83	69y
MEARNS TRACTORS LIMITED→ SC261246 · est 2003	—	—	—	1	22y	83	62y
S.F.F. SERVICES LIMITED→ SC098563 · est 1986 · no financials extracted	—	—	—	—	39y	83	67y
SHANNON FISHING LIMITED→ SC157000 · est 1995	—	—	£24.40M	—	31y	83	79y

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

Typeprivate-limited-guarant-nsc

Incorporated1932-02-09

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Heritage House

135-139 Shore Street

Fraserburgh

AB43 9BP

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-06-15

Last: 2025-06-01