LERWICK FISH TRADERS LIMITED

⚰️Wound downdissolved
SC110489 · ltd · incorporated 1988-04-13
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
59/100
Worth a look
🔔
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 59/100 (worth a look), bankability 72/100. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

15 live charges · 11 lenders · oldest 38.0y

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 38.0 years old — likely at or near maturity.
  • · 11 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (58/100)

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
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
25 officers (3 active, 25 linked, 18 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
207 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
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 (96 events)Click to expand
  1. 2020-09-22
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2020-09-22
    🏁
    Company dissolved
  3. 2020-07-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2020-06-30
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2020-06-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2019-09-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-01-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2018-09-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-03-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2018-03-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2018-03-15
    🔓
    Charge satisfied #15
  12. 2018-03-15
    🔓
    Charge satisfied #14
  13. 2017-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2017-10-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2016-10-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2016-01-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-10-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2015-07-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2015-07-10
    🔒
    Charge registered #15
    Lender: Nordea Bank Norge Asa
  20. 2015-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2014-12-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2014-12-11
    ➕
    SANDTORV, Atle Harald appointed
    director
  26. 2014-12-11
    ➕
    UTHEIM, Knut appointed
    director
  27. 2014-12-11
    ➕
    ØSTVEDT, Trude Elisabeth appointed
    director
  28. 2014-12-11
    ➖
    VIKE, Morten resigned
    director
  29. 2014-10-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  30. 2014-10-03
    🔒
    Charge registered #14
    Lender: Nordea Bank Norge Asa (As Security Agent for the Finance Parties)
  31. 2014-07-02
    🔓
    Charge satisfied #13
  32. 2014-07-02
    🔓
    Charge satisfied #12
  33. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    secretary
  34. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    director
  35. 2011-03-08
    🔓
    Charge satisfied #11
  36. 2009-11-30
    ➖
    KVANGARDSNES, Ivar resigned
    director
  37. 2009-07-31
    ➖
    HAUGLAND, Eirik Bloch resigned
    director
  38. 2009-06-18
    ➕
    VIKE, Morten appointed
    director
  39. 2009-06-16
    ➖
    GRIEG, Per resigned
    director
  40. 2008-01-31
    🔒
    Charge registered #13
    Lender: Sparebanken Vest
  41. 2008-01-24
    🔓
    Charge satisfied #8
  42. 2008-01-24
    🔓
    Charge satisfied #7
  43. 2008-01-17
    🔒
    Charge registered #12
    Lender: Sparebanken Vest
  44. 2007-07-20
    ➕
    GRIEG, Per appointed
    director
  45. 2007-07-20
    ➕
    HAUGLAND, Eirik Bloch appointed
    director
  46. 2007-07-20
    ➕
    KVANGARDSNES, Ivar appointed
    director
  47. 2007-07-20
    ➖
    MOGSTER, Frode resigned
    director
  48. 2007-07-20
    ➖
    SVENDSEN, Olav resigned
    director
  49. 2006-12-20
    🔓
    Charge satisfied #4
  50. 2006-12-20
    🔓
    Charge satisfied #3
Showing most recent 50 of 96 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryStable-but-static management: Company is 38 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

1 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2020-09-22

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

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

🏛️
Grieg Seafood Hjaltland Uk Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
LERWICK FISH TRADERS LIMITED
This company · SC110489

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
Grieg Seafood Hjaltland Uk Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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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

Statusdissolved
Typeltd
Incorporated1988-04-13
Jurisdictionscotland
Primary SIC10200 — SIC 10200

Registered office

The Capitol
431 Union Street
Aberdeen
AB11 6DA
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2018-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 22 resigned)

SANDTORV, Atle Harald→
director · ~59y · appointed 2014-12-11
View their other companies + combined net worth →
Active
UTHEIM, Knut→
director · ~60y · appointed 2014-12-11
View their other companies + combined net worth →
Active
ØSTVEDT, Trude Elisabeth→
director · ~64y · appointed 2014-12-11
View their other companies + combined net worth →
Active
FULLERTON, Susan Marie→
secretary · appointed 1994-11-25 · resigned 1998-10-16
Resigned
OCKENDON, Alan James→
secretary · appointed 1990-01-31 · resigned 1994-11-25
Resigned
ROBERTSON, Linda→
secretary · resigned 1990-01-31
Resigned
STARK, Michael Otto Philipp→
secretary · appointed 2005-06-01 · resigned 2013-09-11
Resigned
SYNNEVAG, Geir→
secretary · appointed 1998-10-16 · resigned 2005-06-01
Resigned
BRANDIE, George Thorkell→
director · ~71y · appointed 1996-01-01 · resigned 1997-04-18
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 1990-01-31 · resigned 1998-10-16
Resigned
KVANGARDSNES, Ivar→
director · ~57y · appointed 2007-07-20 · resigned 2009-11-30
Resigned
LASCHINGER, Rudolf Jakob→
director · ~77y · appointed 1998-10-16 · resigned 2001-04-17
Resigned
LEYLAND, Martin Thomas→
director · ~69y · appointed 1994-09-01 · resigned 1998-10-16
Resigned
MOGSTER, Frode→
director · ~71y · appointed 2001-04-17 · resigned 2007-07-20
Resigned
OCKENDON, Alan James→
director · ~73y · appointed 1990-01-31 · resigned 1994-12-31
Resigned
ODIE, Frank Christopher→
director · ~80y · appointed 1990-01-31 · resigned 1994-10-03
Resigned
ROBERTSON, Duncan→
director · ~96y · resigned 1990-01-31
Resigned
STARK, Michael Otto Philipp→
director · ~60y · appointed 2005-06-01 · resigned 2013-09-11
Resigned

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

Mortgages & charges

15
Total charges
0
Outstanding
0
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
satisfied
Nordea Bank Norge Asa
A registered charge—10/07/201515/03/2018
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 property31/01/200802/07/2014
satisfied
Sparebanken Vest
Floating charge1 property17/01/200802/07/2014
satisfied
The Trustees of the Shetland Development Trust
Bond & floating charge1 property29/11/200608/03/2011
satisfied
The Trustees of the Trust Known as the Shetland Development Trust
Bond & floating charge1 property21/04/200505/07/2005
satisfied
Biomar
Biomar Limited
Standard security1 property06/06/200222/11/2005
satisfied
Nordea Bank Norge Asa
Standard security2 properties24/05/200224/01/2008
satisfied
Nordea Bank Norge Asa
Bond & floating charge1 property10/05/200224/01/2008
satisfied
Biomar
Biomar Limited
Floating charge1 property10/05/200222/11/2005
satisfied
Shetland Leasing and Property Developments
Shetland Leasing and Property Developments Limited
Bond & floating charge1 property24/11/199805/07/2005
satisfied
Shetland Development Trust
Floating charge1 property22/05/199620/12/2006
satisfied
Shetland Islands Council as Trustees of the "High Risk/Unsecured Loan Scheme"
Floating charge1 property02/08/199520/12/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property07/04/199511/11/1998
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property01/06/198803/08/1995

Recent filings (207 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-09-22
gazette-notice-voluntary
gazette · GAZ1(A)
2020-07-07
resolution
resolution · RESOLUTIONS
2020-06-30
dissolution-application-strike-off-company
dissolution · DS01
2020-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-15
accounts-with-accounts-type-dormant
accounts · AA
2019-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2019-01-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2019-01-08
accounts-with-accounts-type-dormant
accounts · AA
2018-09-25
mortgage-satisfy-charge-full
mortgage · MR04
2018-03-15
mortgage-satisfy-charge-full
mortgage · MR04
2018-03-15
confirmation-statement-with-updates
confirmation-statement · CS01
2018-01-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-11-27
accounts-with-accounts-type-full
accounts · AA
2017-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2017-01-10