P.M. RANALDI (FISH MERCHANTS) LIMITED

🌳Matureactive
SC044164 · ltd · incorporated 1966-12-29
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 Apr 2025
Net worth
£4.5k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 41.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 41.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 7 with DOB)
88
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
111 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £4,466
Net assets shrinking
Down £26,880 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£4k
↓ 86% YoY
Current Assets
£33k
↓ 15% YoY
Current Liabilities
—
£0£8k£16k£23k£31k£39kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-052024-04-05
Total assets£4.5k£31.3k
Current assets£32.9k£38.9k
Net assets£4.5k£31.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-01-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-01-21
    ➖
    RANALDI, Mary resigned
    director
  3. 2026-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-08-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-07-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-07-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-07-08
    🔓
    Charge satisfied #4
  9. 2022-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2020-02-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2020-02-08
    🔓
    Charge satisfied #3
  15. 2020-02-08
    🔓
    Charge satisfied #1
  16. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-05-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2018-11-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2018-10-26
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  20. 2018-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2012-04-24
    ➖
    RANALDI SENIOR, Peter Mario resigned
    director
  23. 2012-04-05
    ➖
    ROBERTSON, Leslie resigned
    director
  24. 2004-11-19
    ➖
    RANALDI, Isabella Mccabe resigned
    director
  25. 2004-03-02
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  26. 2003-08-19
    🔓
    Charge satisfied #2
  27. 2000-04-13
    ➕
    RANALDI, Mary appointed
    director
  28. 1997-08-11
    ➖
    RANALDI, John resigned
    director
  29. 1992-11-16
    ➕
    ROBERTSON, Angela appointed
    director
  30. 1992-11-16
    ➕
    RANALDI, John appointed
    director
  31. 1984-08-17
    🔒
    Charge registered #2
    Lender: Century Building Society
  32. 1984-05-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  33. 1966-12-29
    🏢
    Company incorporated
    As P.M. RANALDI (FISH MERCHANTS) LIMITED
  34. 1966-12-29
    ➕
    RANALDI SENIOR, Peter Mario appointed
    director

Owner dependency

98/100
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.
  • +Founder name in company name: Company name contains director surname "RANALDI" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 59 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.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Peter Mario Ranaldi
Individual · British · DOB 01/1952 · age 74
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Angela Robertson
Individual · British · DOB 03/1957 · age 69
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1966-12-29
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

60 Constitution Street
Leith
Edinburgh
EH6 6RR

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-11-10
Last: 2025-10-27

Officers (3 active · 5 resigned)

RANALDI (JNR), Peter Mario→
secretary
View their other companies + combined net worth →
Active
RANALDI, Peter Mario→
director · ~74y
View their other companies + combined net worth →
Active
ROBERTSON, Angela→
director · ~69y · appointed 1992-11-16
View their other companies + combined net worth →
Active
RANALDI, Isabella Mccabe→
director · ~96y · resigned 2004-11-19
Resigned
RANALDI, John→
director · ~66y · appointed 1992-11-16 · resigned 1997-08-11
Resigned
RANALDI, Mary→
director · ~74y · appointed 2000-04-13 · resigned 2026-01-21
Resigned
RANALDI SENIOR, Peter Mario→
director · ~98y · appointed 1966-12-29 · resigned 2012-04-24
Resigned
ROBERTSON, Leslie→
director · ~73y · resigned 2012-04-05
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—26/10/201808/07/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property02/03/200408/02/2020
satisfied
Century Building Society
Standard security1 property17/08/198419/08/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property28/05/198408/02/2020

Recent filings (111 total)

change-person-director-company-with-change-date
officers · CH01
2026-01-22
termination-director-company-with-name-termination-date
officers · TM01
2026-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-27
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-08