ADENIA FISHING CO. LIMITED

🌳Matureactive

SC104545 · ltd · incorporated 1987-05-07

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

—

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 70). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 13 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

38 live charges · 13 lenders · oldest 36.9y

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 36.9 years old — likely at or near maturity.
· 13 lenders named — inter-creditor friction likely.
· Legal-friction score 55/100 (high).

Data confidence

Overall: medium (72/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

38 charges (38/38 with lender, 38/38 with type)

Directors & officers

17 officers (8 active, 17 linked, 12 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

207 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30
Average employees	0

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

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (106 events)Click to expand

2026-03-09
📄
accounts-with-accounts-type-small
accounts · AA
2025-06-12
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-06-12
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-06-01
➕
SCOLLAY, John Magnus appointed
secretary
2025-05-30
➖
HENDERSON, Hazel Jane resigned
secretary
2025-03-17
📄
accounts-with-accounts-type-small
accounts · AA
2024-04-12
📄
accounts-with-accounts-type-small
accounts · AA
2023-03-07
📄
accounts-with-accounts-type-small
accounts · AA
2022-08-24
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-03-22
📄
accounts-with-accounts-type-small
accounts · AA
2021-08-23
📄
change-corporate-director-company-with-change-date
officers · CH02
2021-04-15
📄
accounts-with-accounts-type-small
accounts · AA
2020-12-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-07-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-07-03
➕
SPENCE, Brian appointed
director
2020-07-03
➕
SPENCE, Charles Gary appointed
director
2020-05-19
➕
L.H.D.LIMITED appointed
corporate-director
2020-05-19
📄
appoint-corporate-director-company-with-name-date
officers · AP02
2020-05-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-30
➖
SIMPSON, Richard Harald resigned
director
2020-03-10
📄
accounts-with-accounts-type-small
accounts · AA
2019-10-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-10-21
🔒
Charge registered #39
Lender: Clydesdale Bank PLC
2019-08-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-21
🔒
Charge registered #38
Lender: Clydesdale Bank PLC
2019-08-21
🔒
Charge registered #37
Lender: Clydesdale Bank PLC
2019-08-21
🔒
Charge registered #36
Lender: Clydesdale Bank PLC
2013-01-04
🔒
Charge registered #35
Lender: Clydesdale Bank PLC
2012-08-30
🔒
Charge registered #34
Lender: Clydesdale Bank PLC
2010-06-18
🔒
Charge registered #33
Lender: Clydesdale Bank PLC
2007-09-05
🔓
Charge satisfied #31
2007-09-05
🔓
Charge satisfied #17
2007-09-05
🔓
Charge satisfied #8
2007-09-05
🔓
Charge satisfied #5
2007-09-05
🔓
Charge satisfied #4
2006-12-11
➕
ANDERSON, Josie appointed
director
2006-12-11
➕
ANDERSON, Michael appointed
director
2006-12-11
➕
ANDERSON, Stuart appointed
director
2006-12-11
➖
HENRY, George Andrew resigned
director
2006-03-25
🔓
Charge satisfied #29
2006-03-25
🔓
Charge satisfied #28
2006-03-25
🔓
Charge satisfied #27
2006-03-25
🔓
Charge satisfied #26
2006-03-25
🔓
Charge satisfied #25
2006-03-25
🔓
Charge satisfied #24
2006-03-25
🔓
Charge satisfied #19
2006-03-25
🔓
Charge satisfied #18
2006-03-25
🔓
Charge satisfied #15

Showing most recent 50 of 106 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

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

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.

10 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Lhd Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

Lhd Ltd

Corporate parent · holds 50-75% shares

majority

⬇

ADENIA FISHING CO. LIMITED

This company · SC104545

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Lhd Ltd Corporate entity	50–75%	—	50-75% shares	30/06/2016

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 · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BLUE REBEL LTD→ SC444857 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
HUNTER SHELLFISH LTD.→ SC275758 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
IF & CA NICOLSON LIMITED→ SC169516 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
J & A SINCLAIR LTD.→ SC287687 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
J JOHNSON FISHING LTD→ SC468946 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
JAMIESON FISHING CO LTD→ SC408658 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
JFA FISHING LTD→ SC599836 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
JG MARINE LTD→ SC699269 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
L & J ODIE LIMITED→ SC410056 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
LAUREN ROSE & RHEA S FISHING COMPANY LTD→ SC804987 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
LIANNE FISHING COMPANY LTD→ SC394917 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
LJI FISHING LTD→ SC420199 · est 2012 · no financials extracted	—	—	—	—	14y	—	—

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

Incorporated1987-05-07

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Mair's Quay

Holmsgarth

Lerwick

Shetland

ZE1 0PW

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-08-24

Last: 2025-08-10