NEWHAVEN FISHSALESMEN'S ASSOCIATION (EDINBURGH) LIMITED

🌳Matureactive
SC056386 · ltd · incorporated 1974-09-23
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 33.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£91.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 80-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 33.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 33.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (71/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
13 officers (2 active, 13 linked, 8 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
102 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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £91,314
Cash YoY
+63%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£91k
↑ 63% YoY
Net Worth
£91k
↑ 63% YoY
Current Assets
£113k
↑ 49% YoY
Current Liabilities
—
£0£23k£45k£68k£91k£113kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£91.3k£56.2k
Current assets£113.3k£76.3k
Cash£90.8k£55.5k
Debtors£22.5k£20.8k
Net assets£91.3k£56.2k

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
2
filings
  • • 1 accounts
  • • 1 officers
Last 180 days
2
filings
  • • 1 accounts
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-25
    ➖
    MACEFIELD, Mark resigned
    secretary
  3. 2026-03-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2025-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-08-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2017-08-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2017-07-01
    ➕
    MACEFIELD, Mark appointed
    secretary
  15. 2017-07-01
    ➖
    MAIN, David Alexander resigned
    secretary
  16. 2017-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-08-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2010-04-01
    ➖
    SPROULL, Mathew resigned
    director
  20. 2010-03-17
    ➖
    THOMSON, Paul resigned
    director
  21. 2002-05-14
    ➕
    TULLOCH, Martin appointed
    director
  22. 2000-06-28
    ➖
    LYLE, Robert Campbell resigned
    director
  23. 1998-07-28
    ➖
    COWAN, Robert Kerr resigned
    secretary
  24. 1998-07-28
    ➕
    MAIN, David Alexander appointed
    secretary
  25. 1996-02-05
    ➖
    CROAN, John resigned
    director
  26. 1993-11-23
    ➖
    THOMSON, Douglas Crombie resigned
    director
  27. 1993-11-23
    ➕
    THOMSON, Paul appointed
    director
  28. 1993-08-17
    ➕
    COWAN, Robert Kerr appointed
    secretary
  29. 1993-08-17
    ➖
    WHITELAW WELLS resigned
    corporate-secretary
  30. 1993-05-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  31. 1991-07-31
    ➖
    COWAN, Robert Kerr resigned
    secretary
  32. 1991-03-16
    ➖
    CROAN, John resigned
    director
  33. 1974-09-23
    🏢
    Company incorporated
    As NEWHAVEN FISHSALESMEN'S ASSOCIATION (EDINBURGH) LIMITED

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — 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 80 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 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 →

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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
Incorporated1974-09-23
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

9 Ainslie Place
Edinburgh
EH3 6AT

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (2 active · 11 resigned)

LIVINGSTONE, Stewart Craig→
director · ~80y
View their other companies + combined net worth →
Active
TULLOCH, Martin→
director · ~65y · appointed 2002-05-14
View their other companies + combined net worth →
Active
COWAN, Robert Kerr→
secretary · appointed 1993-08-17 · resigned 1998-07-28
Resigned
COWAN, Robert Kerr→
secretary · resigned 1991-07-31
Resigned
MACEFIELD, Mark→
secretary · appointed 2017-07-01 · resigned 2026-03-25
Resigned
MAIN, David Alexander→
secretary · appointed 1998-07-28 · resigned 2017-07-01
Resigned
WHITELAW WELLS→
corporate-secretary · resigned 1993-08-17
Resigned
CROAN, John→
director · ~72y · resigned 1996-02-05
Resigned
CROAN, John→
director · ~72y · resigned 1991-03-16
Resigned
LYLE, Robert Campbell→
director · ~85y · resigned 2000-06-28
Resigned
SPROULL, Mathew→
director · ~80y · resigned 2010-04-01
Resigned
THOMSON, Douglas Crombie→
director · ~92y · resigned 1993-11-23
Resigned
THOMSON, Paul→
director · ~62y · appointed 1993-11-23 · resigned 2010-03-17
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property18/05/1993—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-13
termination-secretary-company-with-name-termination-date
officers · TM02
2026-03-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2020-08-04
confirmation-statement-with-updates
confirmation-statement · CS01
2019-08-12