BOLTS SHETLAND LIMITED
🌳Matureactive
SC033840 · ltd · incorporated 1959-04-01
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (53/100).
🏦
Refinance opportunity
16 live charges · 7 lenders · oldest 55.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 55.5 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
16 charges (15/16 with lender, 16/16 with type)
89
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
145 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-01🔓Charge satisfied #17
- 2025-05-01🔓Charge satisfied #15
- 2025-04-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-03🔒Charge registered #17Lender: Finbiz Funding Limited
- 2025-02-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-28🔓Charge satisfied #16
- 2025-01-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-20🔒Charge registered #16Lender: Morley Capital LTD Trading as Simply Funded
- 2024-11-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-11-06🔒Charge registered #15Lender: Finbiz Funding Limited
- 2023-12-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-14🔒Charge registered #14Lender: Reward Finance Group Limited
- 2023-06-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12🔒Charge registered #13Lender: Reward Finance Group Limited
- 2023-06-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-28➕YOUNGER, Malcolm Alexander appointeddirector
- 2022-11-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-25📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-25🔓Charge satisfied #12
- 2021-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-31🔒Charge registered #12Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2021-04-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-04-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-03-25➖SUTHERLAND, George Mackenzie resigneddirector
- 2021-03-22🔓Charge satisfied #7
- 2021-03-11🔓Charge satisfied #3
- 2021-03-10🔓Charge satisfied #11
- 2020-06-16➖SUTHERLAND, Malcolm John resigneddirector
- 2014-11-30➖SUTHERLAND, Helen Jane resigneddirector
- 2012-09-25🔓Charge satisfied #9
- 2012-06-27➖WILLIAMSON, Ian Henry resignedsecretary
- 2004-12-06➕SIM, Dawn Susan appointeddirector
- 2004-12-06➕SUTHERLAND, Malcolm John appointeddirector
- 2003-09-12🔓Charge satisfied #8
- 2003-09-12🔓Charge satisfied #6
- 2003-09-12🔓Charge satisfied #4
- 2003-02-17🔓Charge satisfied #10
- 2002-08-22🔒Charge registered #11Lender: Clydesdale Bank Public Limited Company
- 2000-12-18➖SUTHERLAND, Mary Barbara resigneddirector
- 1999-06-08🔒Charge registered #10Lender: T I Inkster & Co
- 1999-06-04🔒Charge registered #9Lender: Clydesdale Bank Public Limited Company
- 1993-09-21🔓Charge satisfied #1
Showing most recent 50 of 62 events
Owner dependency
83/100
Critical — business is the founderThe 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 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Bolts Investments Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Bolts Investments Ltd
Corporate parent · holds 75-100% shares · board control
⬇
BOLTS SHETLAND LIMITED
This company · SC033840
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 |
|---|---|---|---|---|
Bolts Investments Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 25/03/2021 |
3 historic (ceased) PSCs
- Mr George Mackenzie Sutherlandceased 25/03/2021· 25-50% shares · 25-50% voting · significant influence
- Mrs Dawn Susan Simceased 25/03/2021· 50-75% shares · 50-75% voting
- Mr Malcolm John Sutherlandceased 16/06/2020· 25-50% shares · 25-50% voting · significant influence
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
Active · Retail · ZE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLYDOIT FISH LIMITED→ SC243849 · est 2003 | — | — | £248.7k | — | 23y | 83 | 65y |
| CEE & JAYS LIMITED→ SC335262 · est 2007 | — | — | — | 800 | 18y | 83 | 64y |
| GTS CENTRAL LTD→ SC361392 · est 2009 | — | — | £1.76M | — | 16y | 83 | 69y |
| FRANK WILLIAMSON LIMITED→ SC263009 · est 2004 | — | — | — | 10 | 22y | 82 | 72y |
| LINKSHOUSE STORES LIMITED→ SC314571 · est 2007 | — | — | — | 0 | 19y | 82 | 71y |
| HARRY'S DEPARTMENT STORE LIMITED→ SC242309 · est 2003 | — | — | £775.2k | — | 23y | 80 | 58y |
| AYWICK SHOP LTD→ SC466305 · est 2013 | — | — | £172.0k | — | 12y | 79 | 84y |
| HILLSWICK SHOP LTD→ SC366918 · est 2009 | — | — | — | 11 | 16y | 79 | 71y |
| D H MARINE (MERGI) LIMITED→ SC285528 · est 2005 | — | — | £699.7k | — | 20y | 78 | 53y |
| HOULLS HORSES AND HOUNDS LIMITED→ SC469404 · est 2014 | — | — | — | 1 | 12y | 78 | 63y |
| BURNS LANE CLOTHING LTD→ SC577615 · est 2017 | — | — | — | 300 | 8y | 77 | 64y |
| CALLIEU FAMILY BUTCHERS LIMITED→ SC685277 · est 2021 | — | — | — | -300 | 5y | 76 | 74y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1959-04-01
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating
Registered office
26 North Road
Lerwick
Shetland
ZE1 0PE
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30
Officers (2 active · 7 resigned)
SIM, Dawn Susan→
Activedirector · ~49y · appointed 2004-12-06
View their other companies + combined net worth →
YOUNGER, Malcolm Alexander→
Activedirector · ~65y · appointed 2023-05-28
View their other companies + combined net worth →
BOSWELL, George→
Resignedsecretary · resigned 1992-06-30
WILLIAMSON, Ian Henry→
Resignedsecretary · appointed 1992-07-01 · resigned 2012-06-27
BOSWELL, George→
Resigneddirector · ~96y · resigned 1992-12-17
SUTHERLAND, George Mackenzie→
Resigneddirector · ~76y · resigned 2021-03-25
SUTHERLAND, Helen Jane→
Resigneddirector · ~75y · appointed 1992-12-18 · resigned 2014-11-30
SUTHERLAND, Malcolm John→
Resigneddirector · ~53y · appointed 2004-12-06 · resigned 2020-06-16
SUTHERLAND, Mary Barbara→
Resigneddirector · ~117y · resigned 2000-12-18
Click a director name to see their full track record across all companies.
Mortgages & charges
16
Total charges
3
Outstanding
2
Active lenders
Status:Lender:16 of 16 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Finbiz Funding Finbiz Funding Limited | A registered charge | 1 property | 03/04/2025 | 01/05/2025 | |
| satisfied | Morley Capital Trading as Simply Funded Morley Capital LTD Trading as Simply Funded | A registered charge | — | 20/12/2024 | 28/02/2025 | |
| satisfied | Finbiz Funding Finbiz Funding Limited | A registered charge | 1 property | 06/11/2024 | 01/05/2025 | |
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | 1 property | 14/06/2023 | — | |
| outstanding | Reward Finance Group Reward Finance Group Limited | A registered charge | 1 property | 12/06/2023 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 31/05/2021 | 25/08/2022 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 22/08/2002 | 10/03/2021 | |
| satisfied | T I Inkster & Co | Standard security | 1 property | 08/06/1999 | 17/02/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 04/06/1999 | 25/09/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 17/09/1993 | 12/09/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 10/11/1992 | 22/03/2021 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 30/05/1988 | 12/09/2003 | |
| satisfied | Unknown | Standard security | 1 property | 29/02/1984 | 12/09/2003 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 03/07/1978 | 11/03/2021 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/06/1975 | — | |
| satisfied | United Dominions Trust United Dominions Trust Limited | Disposition and explanatory letter | 1 property | 16/11/1970 | 21/09/1993 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (145 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-01-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-13
appoint-person-director-company-with-name-date
officers · AP01
2023-06-05