KAMES FISH FARMING LIMITED
🌳Matureactive
SC051158 · ltd · incorporated 1972-08-08
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
£14.84M
year to Jan 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company with a 81-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 81). Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
28 live charges · 10 lenders · oldest 41.1y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 41.1 years old — likely at or near maturity.
- · 10 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
28 charges (28/28 with lender, 28/28 with type)
90
Directors & officers
9 officers (6 active, 9 linked, 8 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
169 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £1,709,340
Strong revenue growth
Turnover up 25% YoY
Turnover YoY
+25%
Year on year
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 | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Turnover | £14.84M | £11.90M |
| Gross profit | £612.6k | £913.5k |
| Operating profit | £-1.58M | £-1.16M |
| Profit before tax | £-1.71M | £-1.29M |
| Average employees | 5800 | 5900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
- 2025-10-31📄accounts-with-accounts-type-fullaccounts · AA
- 2025-06-05📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-06-05📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-05-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-23🔒Charge registered #28Lender: Lloyds Bank Commercial Finance Limited
- 2024-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2024-10-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-21🔒Charge registered #27Lender: Bank of Scotland PLC
- 2023-10-11📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-02➖MANCHESTER, Neil Jeremy resigneddirector
- 2023-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-05-22🔓Charge satisfied #18
- 2023-05-22🔓Charge satisfied #14
- 2023-05-22🔓Charge satisfied #13
- 2022-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-07📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2022-06-16📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2022-06-16📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2022-05-03📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2022-04-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-20🔒Charge registered #26Lender: Lloyds Bank Commercial Finance Limited
- 2022-04-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-12🔒Charge registered #25Lender: Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being
- 2022-04-12🔒Charge registered #24Lender: Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being
- 2022-02-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-03🔒Charge registered #23Lender: Bank of Scotland PLC
- 2021-08-01➕MANCHESTER, Neil Jeremy appointeddirector
- 2021-05-17🔓Charge satisfied #20
- 2021-05-17🔓Charge satisfied #19
- 2020-05-20🔒Charge registered #22Lender: Bank of Scotland PLC
- 2020-05-20🔒Charge registered #21Lender: Bank of Scotland PLC
- 2018-11-26🔒Charge registered #20Lender: Lloyds Bank PLC as Security Trustee for Itself and Its Subsidiaries for the Time Being
- 2018-11-21🔒Charge registered #19Lender: Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being
- 2018-05-28🔒Charge registered #18Lender: Bank of Scotland PLC
- 2018-05-28🔒Charge registered #17Lender: Bank of Scotland PLC
- 2017-10-03🔒Charge registered #16Lender: Bank of Scotland PLC
- 2017-06-22🔒Charge registered #15Lender: Bank of Scotland PLC
- 2017-06-12🔒Charge registered #14Lender: Investec Asset Finance PLC
- 2017-06-12🔒Charge registered #13Lender: Investec Asset Finance PLC
- 2017-06-10🔓Charge satisfied #12
- 2017-01-01➕CANNON, Andrew Thomas Christopher appointeddirector
- 2017-01-01➕GULLY, James Ian Mackenzie appointeddirector
- 2017-01-01➕MACISAAC, Allan appointeddirector
- 2016-08-26➖ROLLAND, Alastair Douglas Stacy resigneddirector
- 2016-02-29🔒Charge registered #12Lender: Lloyds Bank Commercial Finance Limited
Showing most recent 50 of 75 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 54 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
11 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stuart Geoffrey Cannon Individual · British · DOB 10/1951 · age 75 | 25–50% | — | 25-50% shares | 06/04/2016 |
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 · Agriculture · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MFV DAWN MAID LIMITED→ SC382336 · est 2010 | £292.3k £224.8k–£359.7k | £478.9k | — | 300 | 15y | 94 | 73y |
| MEIKLE CLOAK LIMITED→ SC146230 · est 1993 | — | — | £105.7k | — | 32y | 83 | 93y |
| MFV EMERALD DAWN LTD→ SC309052 · est 2006 | — | — | — | 400 | 19y | 83 | 67y |
| OUR POWER (CAIRNDOW) COMMUNITY INTEREST COMPANY→ SC331067 · est 2007 · no financials extracted | — | — | — | — | 18y | 83 | 84y |
| ROSSFORD LIMITED→ SC155011 · est 1994 | — | — | £2.65M | — | 31y | 83 | 73y |
| THE STAR FISHING COMPANY LIMITED→ SC259129 · est 2003 | — | — | £5.8k | — | 22y | 83 | 72y |
| AITKEN SHELLFISH LIMITED→ SC360377 · est 2009 | — | — | £521.7k | — | 16y | 82 | 58y |
| CELTIC SEA LIMITED→ SC129691 · est 1991 | — | — | £4.18M | — | 35y | 82 | 68y |
| CUMBRAE OYSTERS LIMITED→ SC157761 · est 1995 | — | — | £538.1k | — | 31y | 82 | 60y |
| DRUMAGLEA LIMITED→ SC294680 · est 2005 | — | — | — | 0 | 20y | 82 | 73y |
| GALBRAITH TRAWLERS LIMITED→ SC341101 · est 2008 | — | — | £560.8k | — | 18y | 82 | 75y |
| GALCA-SHELL LIMITED→ SC283719 · est 2005 | — | — | £114.2k | — | 21y | 82 | 67y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1972-08-08
Jurisdictionscotland
Primary SIC03210 — SIC 03210
Registered office
Kilmelford
By Oban
Argyll
PA34 4XA
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-07
Last: 2025-11-23
Officers (6 active · 3 resigned)
Active
CANNON, Andrew Thomas Christopher→
Activedirector · ~44y · appointed 2017-01-01
View their other companies + combined net worth →
Active
GULLY, James Ian Mackenzie→
Activedirector · ~51y · appointed 2017-01-01
View their other companies + combined net worth →
GULLY, James Edward Hugh Gray→
Activedirector · ~81y · appointed 1997-06-23
View their other companies + combined net worth →
MACISAAC, Allan→
Activedirector · ~46y · appointed 2017-01-01
View their other companies + combined net worth →
MANCHESTER, Neil Jeremy→
Resigneddirector · ~62y · appointed 2021-08-01 · resigned 2023-06-02
ROLLAND, Alastair Douglas Stacy→
Resigneddirector · ~96y · resigned 2016-08-26
SELBY, Michael Guy John→
Resigneddirector · ~84y · resigned 1997-01-10
Click a director name to see their full track record across all companies.
Mortgages & charges
28
Total charges
11
Outstanding
1
Active lenders
Status:Lender:28 of 28 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 23/05/2025 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 21/08/2024 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 20/04/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being | A registered charge | 1 property | 12/04/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being | A registered charge | 2 properties | 12/04/2022 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 2 properties | 03/02/2022 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/05/2020 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/05/2020 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC as Security Trustee for Itself and Its Subsidiaries for the Time Being | A registered charge | 1 property | 26/11/2018 | 17/05/2021 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC as Security Trustee for Itself and Each of Its Subsidiaries for the Time Being | A registered charge | 2 properties | 21/11/2018 | 17/05/2021 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 28/05/2018 | 22/05/2023 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 28/05/2018 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 03/10/2017 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 22/06/2017 | — | |
| satisfied | Investec Asset Finance Investec Asset Finance PLC | A registered charge | 1 property | 12/06/2017 | 22/05/2023 | |
| satisfied | Investec Asset Finance Investec Asset Finance PLC | A registered charge | 1 property | 12/06/2017 | 22/05/2023 | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 29/02/2016 | 10/06/2017 | |
| satisfied | Dawnfresh Farming Dawnfresh Farming Limited | Standard security | 1 property | 28/07/2009 | 04/08/2010 | |
| satisfied | Barclays Barclays Bank PLC | Ship mortgage | 1 property | 04/07/2008 | 13/05/2010 | |
| satisfied | Barclays Barclays Bank PLC | Deed of covenants | 1 property | 18/06/2008 | 13/05/2010 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 18/06/2008 | 13/05/2010 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 14/11/2005 | 17/11/2010 | |
| satisfied | Trouw (UK) Trouw (UK) Limited | Floating charge | 1 property | 17/11/2003 | 12/05/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 25/06/1997 | 28/07/2009 | |
| satisfied | Jonathan Brown | Standard security | 1 property | 05/01/1995 | 28/07/2009 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 29/06/1987 | 10/11/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 03/05/1985 | 05/05/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 09/04/1985 | 13/05/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (169 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-24
accounts-with-accounts-type-full
accounts · AA
2025-10-31
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-06-05
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-06-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-29
change-person-director-company-with-change-date
officers · CH01
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-full
accounts · AA
2024-10-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-full
accounts · AA
2023-10-11
termination-director-company-with-name-termination-date
officers · TM01
2023-06-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-22