NOR-SEA FOODS LIMITED
🌳Matureactive
SC054204 · ltd · incorporated 1973-10-08
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
—
not disclosed
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
- 10200SIC 10200
Investor take
PursueActive trading company with a 74-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
10 live charges · 6 lenders · oldest 50.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 50.3 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 10 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
163 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
2
filings
- • 1 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
- 2026-03-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-25🔓Charge satisfied #13
- 2025-12-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-13📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-23📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-18🔒Charge registered #14Lender: Hsbc UK Bank PLC
- 2023-12-27📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-12-22🔓Charge satisfied #12
- 2022-11-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-10-19📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-05📄accounts-with-accounts-type-fullaccounts · AA
- 2020-10-15📄accounts-with-accounts-type-fullaccounts · AA
- 2020-01-03📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-08-19➕MCNICOL, Gregor John appointeddirector
- 2019-06-14➖RENNIE, James Ross resigneddirector
- 2019-06-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-12-27📄accounts-with-accounts-type-fullaccounts · AA
- 2017-12-20📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2015-12-10🔒Charge registered #13Lender: Hsbc Bank PLC
- 2015-01-12🔒Charge registered #12Lender: Hsbc Bank PLC
- 2015-01-09🔓Charge satisfied #9
- 2015-01-09🔓Charge satisfied #8
- 2014-12-19🔒Charge registered #11Lender: Hsbc Invoice Finance (UK) LTD
- 2014-12-17🔒Charge registered #10Lender: Hsbc Bank PLC
- 2014-12-16➕RENNIE, James Ross appointeddirector
- 2014-12-16➖STEWART, Ian Renshaw resigneddirector
- 2013-02-20➕BURNESS PAULL LLP appointedcorporate-secretary
- 2013-02-20➖PAULL & WILLIAMSONS LLP resignedcorporate-secretary
- 2010-08-19🔓Charge satisfied #7
- 2010-08-13🔒Charge registered #9Lender: Clydesdale Bank PLC
- 2010-08-10🔓Charge satisfied #4
- 2010-08-10🔓Charge satisfied #1
- 2010-08-02🔒Charge registered #8Lender: Clydesdale Bank PLC
- 2009-04-06➖PAULL & WILLIAMSONS resignedcorporate-secretary
- 2009-04-06➕PAULL & WILLIAMSONS LLP appointedcorporate-secretary
- 2009-03-25➕STEWART, Ian Renshaw appointeddirector
- 2007-01-29➕PAULL & WILLIAMSONS appointedcorporate-secretary
- 2007-01-29➖STRONACHS resignedcorporate-nominee-secretary
- 2006-11-22➖MCFADDEN, Ian Andrew resigneddirector
- 2006-11-22➖TAYLOR, Maurice resigneddirector
- 2006-01-31🔒Charge registered #7Lender: Barclays Bank PLC
- 2004-08-14➖CLARK, Francis, Dr resigneddirector
- 2000-09-28➕CLARK (JNR), Francis appointeddirector
- 2000-09-28➖KELLY, John resigneddirector
- 1997-05-01➕MCFADDEN, Ian Andrew appointeddirector
- 1995-12-21➕CLARK, Michael William Gordon appointeddirector
Showing most recent 50 of 56 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
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 74 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 53 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Nor-Sea (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Nor-Sea (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
⬇
NOR-SEA FOODS LIMITED
This company · SC054204
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 |
|---|---|---|---|---|
Nor-Sea (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 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 · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ORDENS FARMS LIMITED→ SC040133 · est 1964 · no financials extracted | — | — | — | — | 62y | — | — |
| OTTOGI LIMITED→ SC851015 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| P JOHNSTONE FISHING LTD.→ SC357738 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| P&R JERNSLETT LTD→ SC533833 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| PAF AGRI + LABOUR SERVICES LTD→ SC866416 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PERT FISHINGS LIMITED→ SC316367 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| PITREADIE FARM LIMITED→ SC510252 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| PRODUCE SUPPLIERS LIMITED→ SC333886 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| QUARRYWOOD SERVICES LIMITED→ SC884174 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| R H W FISHING LTD.→ SC246664 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| R&A TURRIFF CONTRACTORS LTD→ SC242021 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| RAPTORS LOGISTICS LTD→ SC707810 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1973-10-08
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Kinnaird Head Works
Bath Street
Fraserburgh
AB43 9DY
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-01
Last: 2025-07-18
Officers (4 active · 10 resigned)
BURNESS PAULL LLP→
Activecorporate-secretary · appointed 2013-02-20
View their other companies + combined net worth →
CLARK, Michael William Gordon→
Activedirector · ~70y · appointed 1995-12-21
View their other companies + combined net worth →
CLARK (JNR), Francis→
Activedirector · ~74y · appointed 2000-09-28
View their other companies + combined net worth →
MCNICOL, Gregor John→
Activedirector · ~62y · appointed 2019-08-19
View their other companies + combined net worth →
PAULL & WILLIAMSONS→
Resignedcorporate-secretary · appointed 2007-01-29 · resigned 2009-04-06
PAULL & WILLIAMSONS LLP→
Resignedcorporate-secretary · appointed 2009-04-06 · resigned 2013-02-20
STRONACHS→
Resignedcorporate-nominee-secretary · resigned 2007-01-29
ALEXANDER, Stuart→
Resigneddirector · ~75y · appointed 1994-05-01 · resigned 1995-12-21
CLARK, Francis, Dr→
Resigneddirector · ~100y · appointed 1995-12-21 · resigned 2004-08-14
KELLY, John→
Resigneddirector · ~90y · resigned 2000-09-28
MCFADDEN, Ian Andrew→
Resigneddirector · ~84y · appointed 1997-05-01 · resigned 2006-11-22
RENNIE, James Ross→
Resigneddirector · ~48y · appointed 2014-12-16 · resigned 2019-06-14
STEWART, Ian Renshaw→
Resigneddirector · ~77y · appointed 2009-03-25 · resigned 2014-12-16
TAYLOR, Maurice→
Resigneddirector · ~85y · resigned 2006-11-22
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
3
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 18/03/2024 | — | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 10/12/2015 | 25/03/2026 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 12/01/2015 | 22/12/2022 | |
| outstanding | HSBC Hsbc Invoice Finance (UK) LTD | A registered charge | — | 19/12/2014 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 17/12/2014 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 13/08/2010 | 09/01/2015 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 02/08/2010 | 09/01/2015 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 31/01/2006 | 19/08/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/11/1982 | 10/08/2010 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 23/12/1975 | 10/08/2010 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (163 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-25
accounts-with-accounts-type-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-full
accounts · AA
2024-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
change-person-director-company-with-change-date
officers · CH01
2024-07-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-20
accounts-with-accounts-type-full
accounts · AA
2023-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-18
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-11-04
accounts-with-accounts-type-full
accounts · AA
2022-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-18
accounts-with-accounts-type-full
accounts · AA
2021-11-05