KERRERA FISHERIES LIMITED

💤Zombieactive
SC081194 · ltd · incorporated 1982-12-20
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
—
not disclosed
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 37.3y

15/100
under pressure

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

  • · Oldest live charge is 37.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
19 officers (2 active, 19 linked, 12 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
141 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
  1. 2025-10-20
    ➖
    NORDHAMMER, Leif Inge resigned
    director
  2. 2025-10-20
    ➖
    SINGELSTAD, Helge resigned
    director
  3. 2025-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-10-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-10-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-10-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-10-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-09-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-08-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2021-08-05
    🔓
    Charge satisfied #3
  12. 2020-12-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2019-10-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2018-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2017-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2016-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2016-01-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2008-12-18
    ➕
    SINGELSTAD, Helge appointed
    secretary
  20. 2008-12-18
    ➖
    SINGELSTAD, Helge resigned
    secretary
  21. 2008-12-18
    ➕
    SINGELSTAD, Helge appointed
    director
  22. 2008-04-23
    🔓
    Charge satisfied #2
  23. 2008-04-15
    🔒
    Charge registered #3
    Lender: Other
  24. 2007-09-04
    ➖
    SINGLESTAD, Helge resigned
    director
  25. 2003-03-18
    ➕
    ANDERSON, Dermot appointed
    secretary
  26. 2003-03-18
    ➖
    GALLAGHER, James Francis resigned
    secretary
  27. 2002-12-31
    ➕
    GALLAGHER, James Francis appointed
    director
  28. 2002-06-06
    ➖
    RACKHAM, David R resigned
    director
  29. 2001-08-30
    🔒
    Charge registered #2
    Lender: Den Norske Bank Asa as Security Trustee
  30. 2001-08-29
    ➕
    NORDHAMMER, Leif Inge appointed
    director
  31. 2001-08-29
    ➕
    SINGLESTAD, Helge appointed
    director
  32. 2001-08-29
    ➖
    SPEIRS, John Garrett resigned
    director
  33. 2001-07-26
    🔓
    Charge satisfied #1
  34. 2000-01-28
    ➖
    FRASER, George Kenneth resigned
    secretary
  35. 2000-01-28
    ➕
    GALLAGHER, James Francis appointed
    secretary
  36. 1999-01-01
    ➕
    RACKHAM, David R appointed
    director
  37. 1998-12-31
    ➖
    MACE, Guy Whitmore resigned
    director
  38. 1997-12-15
    ➕
    FRASER, George Kenneth appointed
    secretary
  39. 1997-12-15
    ➖
    MACE, Guy Whitmore resigned
    secretary
  40. 1994-12-07
    ➕
    MACE, Guy Whitmore appointed
    secretary
  41. 1994-12-07
    ➖
    SHEPHERD, Iain Duncan resigned
    secretary
  42. 1994-12-07
    ➖
    FRASER, Kim Ian Maurice, The Hon. resigned
    director
  43. 1994-12-07
    ➕
    MACE, Guy Whitmore appointed
    director
  44. 1994-12-07
    ➖
    POLLARD, David Walter George resigned
    director
  45. 1994-12-07
    ➕
    SPEIRS, John Garrett appointed
    director
  46. 1994-05-27
    ➕
    SHEPHERD, Iain Duncan appointed
    secretary
  47. 1994-05-16
    ➖
    INNES & MACKAY LIMITED resigned
    corporate-secretary
  48. 1994-05-10
    ➖
    FOSTER, Giles Anthony resigned
    director
  49. 1994-05-10
    ➕
    FRASER, Kim Ian Maurice, The Hon. appointed
    director
  50. 1994-03-26
    ➖
    FRASER, Simon Augustine resigned
    director
Showing most recent 50 of 53 events

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 43 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

2 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: NORDHAMMER, Leif Inge resigned 2025-10-20; SINGELSTAD, Helge resigned 2025-10-20

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr James Francis Gallagher
Individual · British · DOB 10/1968 · age 58
——sig. influencesignificant influence06/04/2016

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 →

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A D GRAHAM (FARMER) LIMITED→
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———190022y8270y
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———20029y8273y
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——£672.9k—29y8260y
COXHILL FARM LIMITED→
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———020y8268y
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SC046588 · est 1969 · no financials extracted
————57y8258y
JOHN CAMERON. (GRAZIER) LIMITED→
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———20067y8274y
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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
Incorporated1982-12-20
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

C/O Scottish Sea Farms
Laurel House
Laurelhill Business Park
Stirling
FK7 9JQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-23
Last: 2025-12-09

Officers (2 active · 17 resigned)

ANDERSON, Dermot→
secretary · appointed 2003-03-18
View their other companies + combined net worth →
Active
GALLAGHER, James Francis→
director · ~58y · appointed 2002-12-31
View their other companies + combined net worth →
Active
FRASER, George Kenneth→
secretary · appointed 1997-12-15 · resigned 2000-01-28
Resigned
GALLAGHER, James Francis→
secretary · appointed 2000-01-28 · resigned 2003-03-18
Resigned
MACE, Guy Whitmore→
secretary · appointed 1994-12-07 · resigned 1997-12-15
Resigned
SHEPHERD, Iain Duncan→
secretary · appointed 1994-05-27 · resigned 1994-12-07
Resigned
SINGELSTAD, Helge→
secretary · appointed 2008-12-18 · resigned 2008-12-18
Resigned
INNES & MACKAY LIMITED→
corporate-secretary · resigned 1994-05-16
Resigned
FOSTER, Giles Anthony→
director · ~99y · resigned 1994-05-10
Resigned
FRASER, Benjamin Hugh→
director · ~65y · resigned 1992-01-15
Resigned
FRASER, Kim Ian Maurice, The Hon.→
director · ~80y · appointed 1994-05-10 · resigned 1994-12-07
Resigned
FRASER, Simon Augustine→
director · ~87y · resigned 1994-03-26
Resigned
MACE, Guy Whitmore→
director · ~76y · appointed 1994-12-07 · resigned 1998-12-31
Resigned
NORDHAMMER, Leif Inge→
director · ~68y · appointed 2001-08-29 · resigned 2025-10-20
Resigned
POLLARD, David Walter George→
director · ~71y · resigned 1994-12-07
Resigned
RACKHAM, David R→
director · ~79y · appointed 1999-01-01 · resigned 2002-06-06
Resigned
SINGELSTAD, Helge→
director · ~63y · appointed 2008-12-18 · resigned 2025-10-20
Resigned
SINGLESTAD, Helge→
director · ~63y · appointed 2001-08-29 · resigned 2007-09-04
Resigned
SPEIRS, John Garrett→
director · ~89y · appointed 1994-12-07 · resigned 2001-08-29
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Other
Bond & floating charge1 property15/04/200805/08/2021
satisfied
Den Norske Bank Asa as Security Trustee
Bond & floating charge1 property30/08/200123/04/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/03/198926/07/2001

Recent filings (141 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-09
termination-director-company-with-name-termination-date
officers · TM01
2025-10-20
termination-director-company-with-name-termination-date
officers · TM01
2025-10-20
accounts-with-accounts-type-dormant
accounts · AA
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-dormant
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-dormant
accounts · AA
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-dormant
accounts · AA
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-22
accounts-with-accounts-type-dormant
accounts · AA
2021-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-11
accounts-with-accounts-type-dormant
accounts · AA
2020-12-31