SSF SHETLAND LIMITED

🌳Matureactive
SC093192 · ltd · incorporated 1985-05-07
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
78/100
Strong
🔔
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What this business does

Likely engaged in marine aquaculture or fish farming operations in the Shetland region, given the SIC code 03210 (marine aquaculture) and the "SSF Shetland" branding, with day-to-day activities probably involving the cultivation and harvesting of seafood products such as salmon or shellfish.

Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 14 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

19 live charges · 14 lenders · oldest 40.4y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 40.4 years old — likely at or near maturity.
  • · 14 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (60/100)

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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
31 officers (3 active, 31 linked, 25 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
219 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (111 events)Click to expand
  1. 2025-10-21
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  2. 2025-09-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2025-08-07
    ➕
    ARCHIBALD, David Milligan appointed
    director
  4. 2025-08-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-09-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2023-12-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-01-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2022-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-12-14
    ➖
    CUMMING, Grant resigned
    director
  10. 2022-10-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2022-09-12
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  12. 2022-09-09
    ➕
    ANDERSON, Dermot appointed
    secretary
  13. 2022-02-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-02-01
    🔓
    Charge satisfied #19
  15. 2022-01-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2022-01-14
    🔒
    Charge registered #21
    Lender: Dnb Bank Asa, London Branch
  17. 2021-12-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2021-12-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-12-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  20. 2021-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2021-12-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-12-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2021-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2021-12-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2021-12-15
    ➕
    GALLAGHER, James Francis appointed
    director
  27. 2021-12-15
    ➖
    KVAME, Andreas resigned
    director
  28. 2021-12-15
    ➖
    SANDTORV, Atle Harald resigned
    director
  29. 2021-12-15
    ➖
    UTHEIM, Knut resigned
    director
  30. 2021-06-16
    🔓
    Charge satisfied #20
  31. 2021-02-22
    🔒
    Charge registered #20
    Lender: Nordea Finans Norge As
  32. 2018-03-15
    🔓
    Charge satisfied #18
  33. 2018-03-13
    ➕
    CUMMING, Grant appointed
    director
  34. 2018-03-13
    ➕
    KVAME, Andreas appointed
    director
  35. 2018-03-13
    ➖
    ØSTVEDT, Trude Elisabeth resigned
    director
  36. 2018-02-28
    🔒
    Charge registered #19
    Lender: Nordea Bank Ab (Publ), Filial I Norge (as Security Agent)
  37. 2014-12-11
    ➕
    SANDTORV, Atle Harald appointed
    director
  38. 2014-12-11
    ➕
    UTHEIM, Knut appointed
    director
  39. 2014-12-11
    ➖
    VIKE, Morten resigned
    director
  40. 2014-12-11
    ➕
    ØSTVEDT, Trude Elisabeth appointed
    director
  41. 2014-10-03
    🔒
    Charge registered #18
    Lender: Nordea Bank Norge Asa (As Security Agent for the Finance Parties)
  42. 2014-07-02
    🔓
    Charge satisfied #17
  43. 2014-07-02
    🔓
    Charge satisfied #16
  44. 2014-07-02
    🔓
    Charge satisfied #15
  45. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    secretary
  46. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    director
  47. 2009-11-30
    ➖
    KVANGARDSNES, Ivar resigned
    director
  48. 2009-07-31
    ➖
    HAUGLAND, Eirik Bloch resigned
    director
  49. 2009-06-18
    ➕
    VIKE, Morten appointed
    director
  50. 2009-06-16
    ➖
    GRIEG, Per resigned
    director
Showing most recent 50 of 111 events

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Ssf Hjaltland Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ssf Hjaltland Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SSF SHETLAND LIMITED
This company · SC093192

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%
NameSharesVoting rightsNature of controlNotified
Ssf Hjaltland Uk Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control15/12/2021
2 historic (ceased) PSCs
  • Nordea Bank Abceased 15/12/2021· 75-100% shares
  • Grieg Seafood Asaceased 15/12/2021· 75-100% shares · 75-100% voting · board control

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 · FK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
LAKE OF MENTEITH FISHERIES LIMITED (THE)→
SC043307 · est 1966
——£360.5k—60y8388y
A D GRAHAM (FARMER) LIMITED→
SC069941 · est 1979
———20046y8263y
BARR FARMS LIMITED→
SC256406 · est 2003
———190022y8270y
CHRISTIE STEWART LTD→
SC174039 · est 1997
——£672.9k—29y8260y
COXHILL FARM LIMITED→
SC292962 · est 2005
———020y8268y
GSP FARMS LIMITED→
SC046588 · est 1969 · no financials extracted
————57y8258y
JOHN CAMERON. (GRAZIER) LIMITED→
SC033835 · est 1959
———20067y8274y
LAURENT BIENFAIT WOODLANDS SERVICES LIMITED→
SC360661 · est 2009
——£254.1k—16y8264y
LAXDALE FOODSERVICE LIMITED→
SC035377 · est 1960
——£1.80M—65y8289y
LINKSFIELD LAND DRAINAGE LIMITED→
SC177497 · est 1997
———028y8258y
SCOTTISH SEA FARMS SALES LIMITED→
SC165107 · est 1996 · no financials extracted
————30y8258y
STOCKSCAN (SCOTLAND) LTD.→
SC281632 · est 2005
———421y8258y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1985-05-07
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

Laurel House
Laurelhill Business Park
Stirling
FK7 9JQ
Scotland

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 (3 active · 28 resigned)

ANDERSON, Dermot→
secretary · appointed 2022-09-09
View their other companies + combined net worth →
Active
ARCHIBALD, David Milligan→
director · ~47y · appointed 2025-08-07
View their other companies + combined net worth →
Active
GALLAGHER, James Francis→
director · ~58y · appointed 2021-12-15
View their other companies + combined net worth →
Active
FULLERTON, Susan Marie→
secretary · appointed 1994-12-28 · resigned 1998-07-08
Resigned
JOHNSON, Francis William→
secretary · appointed 1994-03-31 · resigned 1994-12-28
Resigned
RATTER, Patricia Kay→
secretary · resigned 1994-03-31
Resigned
STARK, Michael Otto Philipp→
secretary · appointed 2005-06-01 · resigned 2013-09-11
Resigned
SYNNEVAG, Geir→
secretary · appointed 1998-07-08 · resigned 2005-06-01
Resigned
BRANDIE, George Thorkell→
director · ~71y · appointed 1996-01-01 · resigned 1997-04-18
Resigned
CUMMING, Grant→
director · ~55y · appointed 2018-03-13 · resigned 2022-12-14
Resigned
FULLERTON, Susan Marie→
director · ~60y · appointed 1998-06-30 · resigned 1998-07-08
Resigned
GRIEG, Per→
director · ~69y · appointed 2007-07-20 · resigned 2009-06-16
Resigned
HAUGLAND, Eirik Bloch→
director · ~63y · appointed 2007-07-20 · resigned 2009-07-31
Resigned
JOHNSON, Francis William→
director · ~78y · appointed 1994-03-31 · resigned 1998-07-08
Resigned
JOHNSON, Gilbert→
director · ~96y · resigned 1990-06-14
Resigned
KVAME, Andreas→
director · ~64y · appointed 2018-03-13 · resigned 2021-12-15
Resigned
KVANGARDSNES, Ivar→
director · ~57y · appointed 2007-07-20 · resigned 2009-11-30
Resigned
LASCHINGER, Rudolf Jakob→
director · ~77y · appointed 1998-07-08 · resigned 2001-04-17
Resigned
LEYLAND, Martin Thomas→
director · ~69y · appointed 1994-03-31 · resigned 1998-07-08
Resigned
MOGSTER, Frode→
director · ~71y · appointed 2001-04-17 · resigned 2007-07-20
Resigned

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

Mortgages & charges

19
Total charges
1
Outstanding
1
Active lenders
Status:Lender:19 of 19 shown
TypeProperties
outstanding
Dnb Bank Asa, London Branch
A registered charge—14/01/2022—
satisfied
Nordea Finans Norge As
A registered charge1 property22/02/202116/06/2021
satisfied
Nordea Bank Ab (Publ), Filial I Norge (as Security Agent)
A registered charge—28/02/201801/02/2022
satisfied
Nordea Bank Norge Asa (As Security Agent for the Finance Parties)
A registered charge—03/10/201415/03/2018
satisfied
Sparebanken Vest
Standard security1 property22/01/200802/07/2014
satisfied
Sparebanken Vest
Standard security1 property22/01/200802/07/2014
satisfied
Sparebanken Vest
Floating charge1 property17/01/200802/07/2014
satisfied
Nordea Bank Norge Asa
Standard security1 property31/08/200724/01/2008
satisfied
Biomar
Biomar Limited
Floating charge1 property10/05/200222/11/2005
satisfied
Biomar
Biomar Limited
Bond & floating charge1 property24/08/199817/05/2002
satisfied
William Andrew Ratter and Others as Trustees of the Shetland Aquaculture Trust
Floating charge1 property07/08/199826/05/2000
satisfied
Christiania Bank Og Kreditkasse Asa
Ship mortgage1 property13/07/199819/09/2001
satisfied
Christiania Bank Og Kreditkasse Asa
Deed of covenant1 property08/07/199819/09/2001
satisfied
Christiania Bank Og Kreditkasse Asa
Bond & floating charge1 property08/07/199824/01/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property07/04/199513/07/1998
satisfied
Magnus Laurence & Others as Trustees of Shetland Aquaculture Trust
Floating charge1 property01/06/199413/07/1998
satisfied
Magnus Laurence Flaws and Others as Trustees of Shetland Aquaculture Trust
Floating charge1 property10/07/199128/08/1996
satisfied
Shetland Islands Council as Trustee
Bond & floating charge1 property16/03/198730/06/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property16/01/198603/08/1995
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (219 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
change-person-secretary-company-with-change-date
officers · CH03
2025-10-21
accounts-with-accounts-type-full
accounts · AA
2025-09-29
appoint-person-director-company-with-name-date
officers · AP01
2025-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-29
accounts-with-accounts-type-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-01-12
termination-director-company-with-name-termination-date
officers · TM01
2022-12-22
accounts-with-accounts-type-full
accounts · AA
2022-10-03
appoint-person-secretary-company-with-name-date
officers · AP03
2022-09-12
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-01
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-19