FISHERMEN'S PETROLEUM COMPANY LIMITED

🌳Matureactive

SC070886 · ltd · incorporated 1980-03-17

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Investment thesis: well_run_hard_buy → unclassified
· Deal-killer verdict: clean → complicated
· PSC count: 8 → 9

What changed my view

Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

·Investment thesis: well_run_hard_buy → unclassified
↓Deal-killer verdict: clean → complicated
↑PSC count: 8 → 9

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£4.11M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 06100

Sector: Mining & quarrying

ALSO REGISTERED FOR

06200SIC 06200

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

18 live charges · 8 lenders · oldest 24.5y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 24.5 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

18 charges (18/18 with lender, 18/18 with type)

Directors & officers

22 officers (7 active, 22 linked, 19 with DOB)

Ownership & PSC

1 active PSC(s) of 9 total, 9 with control declared

Director network

9 connected companies via shared directors

Filing history

200 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £4,110,857

Net assets shrinking

Down £137,203 YoY

Cash draining

Cash down 62% YoY

Cash YoY

-62%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£212k

↓ 62% YoY

Net Worth

£4.1m

↓ 3.2% YoY

Current Assets

£1.9m

↓ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£4.11M	£4.25M
Current assets	£1.94M	£2.30M
Cash	£212.3k	£562.2k
Debtors	£1.73M	£1.74M
Net assets	£4.11M	£4.25M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

filings

• 2 persons-with-significant-control

Last 90 days

filings

• 2 persons-with-significant-control

Last 180 days

filings

• 2 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (87 events)Click to expand

2026-05-06
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-23
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
➕
HUGHES, Gary appointed
director
2025-03-26
➕
WEST, Joann appointed
director
2025-03-26
➕
WEST, Ruth Anne Elizabeth appointed
director
2025-03-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-27
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-23
➖
BUCHAN, John William resigned
director
2023-03-23
➖
GUNN, Andrew George resigned
director
2023-03-23
➖
MCCOLL, Roderick Alexander resigned
director
2023-03-23
➖
MOULDS, Timothy Peter resigned
director
2023-03-23
➖
WEST, David resigned
director
2023-03-23
➖
WEST, George Robertson resigned
director
2023-02-22
📄
memorandum-articles
incorporation · MA
2023-02-22
📄
resolution
resolution · RESOLUTIONS
2022-09-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-17
➖
CARTER, George S resigned
director
2017-10-31
➖
DUTHIE, Derek resigned
director
2014-04-28
➕
MOULDS, Timothy Peter appointed
director
2013-11-02
🔓
Charge satisfied #16
2013-11-02
🔓
Charge satisfied #15
2013-11-02
🔓
Charge satisfied #14
2013-11-02
🔓
Charge satisfied #13
2013-11-02
🔓
Charge satisfied #5
2013-11-02
🔓
Charge satisfied #4
2013-11-02
🔓
Charge satisfied #3
2013-11-02
🔓
Charge satisfied #2
2013-11-02
🔓
Charge satisfied #1
2013-08-22
🔒
Charge registered #17
Lender: Bancfirst
2013-08-20
🔒
Charge registered #18
Lender: Bancfirst
2012-07-24
➕
WEST JNR, Alexander appointed
director
2012-07-24
➕
GUNN, Andrew George appointed
director
2011-10-24
➕
BUCHAN, John William appointed
director
2011-09-23
➖
BUCHAN, John Alexander resigned
director
2009-07-13
🔓
Charge satisfied #11

Showing most recent 50 of 87 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — WEST, Joann (same surname) appointed 2025-03-26. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 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

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Fetlar Energy Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Fetlar Energy Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

FISHERMEN'S PETROLEUM COMPANY LIMITED

This company · SC070886

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
Fetlar Energy Limited Corporate entity	75–100%	—	75-100% shares	31/03/2026

8 historic (ceased) PSCs

Mr Alexander Westceased 31/03/2026· significant influence
Mr David Westceased 23/03/2023· significant influence
Mr George Robertson Westceased 23/03/2023· significant influence
Mr Roderick Alexander Mccollceased 23/03/2023· significant influence
Mr Timothy Peter Mouldsceased 23/03/2023· significant influence
Mr John William Buchanceased 23/03/2023· significant influence
Mr George Sinclair Carterceased 17/08/2021· significant influence
Mr Derek Duthieceased 31/10/2017· 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 →

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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.

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Company details

Statusactive

Typeltd

Incorporated1980-03-17

Jurisdictionscotland

Primary SIC06100 — SIC 06100

Registered office

82 Burns Road

Aberdeen

AB15 4NS

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-05-28

Last: 2025-05-14