CELTIC SEA LIMITED
💤Zombieactive
SC129691 · ltd · incorporated 1991-01-30
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£4.18M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 33.0y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 33.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £4,183,811
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£4.2m
↑ 1.4% YoY
Current Assets
£22k
↑ 159% 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 | £30.0k | £2.3k |
| Current assets | £22.0k | £8.5k |
| Net assets | £4.18M | £4.13M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2026-02-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-10➖HEINIGER, Cornelia Maria resigneddirector
- 2025-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-09-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-09-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-01-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-09-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-02-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 1994-07-28🔓Charge satisfied #1
- 1994-07-15🔒Charge registered #5Lender: Midland Bank PLC
- 1994-04-20🔒Charge registered #3Lender: Midland Bank PLC
- 1993-05-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1992-12-15➕HEINIGER, Cornelia Maria appointedsecretary
- 1992-12-14➖MACLEOD, Kenneth John Baillie Stewart resignedsecretary
- 1991-02-22➕HEINIGER, Philippe Heinz, Dr appointeddirector
- 1991-02-22➕MACLEOD, Kenneth John Baillie Stewart appointedsecretary
- 1991-02-22➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1991-02-22➕HEINIGER, Cornelia Maria appointeddirector
- 1991-02-22➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1991-01-30🏢Company incorporatedAs CELTIC SEA LIMITED
- 1991-01-30➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1991-01-30➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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 35 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 35 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr Philippe Heinz Heiniger Individual · Swiss · DOB 05/1958 · age 68 | 75–100% | — | 75-100% shares | 01/01/2017 |
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 · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MFV DAWN MAID LIMITED→ SC382336 · est 2010 | £292.3k £224.8k–£359.7k | £478.9k | — | 300 | 15y | 94 | 73y |
| MEIKLE CLOAK LIMITED→ SC146230 · est 1993 | — | — | £105.7k | — | 32y | 83 | 93y |
| MFV EMERALD DAWN LTD→ SC309052 · est 2006 | — | — | — | 400 | 19y | 83 | 67y |
| OUR POWER (CAIRNDOW) COMMUNITY INTEREST COMPANY→ SC331067 · est 2007 · no financials extracted | — | — | — | — | 18y | 83 | 84y |
| ROSSFORD LIMITED→ SC155011 · est 1994 | — | — | £2.65M | — | 31y | 83 | 73y |
| AITKEN SHELLFISH LIMITED→ SC360377 · est 2009 | — | — | £521.7k | — | 16y | 82 | 58y |
| CUMBRAE OYSTERS LIMITED→ SC157761 · est 1995 | — | — | £538.1k | — | 31y | 82 | 60y |
| DRUMAGLEA LIMITED→ SC294680 · est 2005 | — | — | — | 0 | 20y | 82 | 73y |
| GALBRAITH TRAWLERS LIMITED→ SC341101 · est 2008 | — | — | £560.8k | — | 18y | 82 | 75y |
| GALCA-SHELL LIMITED→ SC283719 · est 2005 | — | — | £114.2k | — | 21y | 82 | 67y |
| SLIGRACHAN FARM LIMITED→ SC858744 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE BARK INN LANGBANK LTD→ SC818184 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated1991-01-30
Jurisdictionscotland
Primary SIC03210 — SIC 03210
Registered office
Loch
Melfort
Arduaine
Argyll
PA34 4XQ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14
Officers (2 active · 4 resigned)
HEINIGER, Cornelia Maria→
Activesecretary · appointed 1992-12-15
View their other companies + combined net worth →
HEINIGER, Philippe Heinz, Dr→
Activedirector · ~68y · appointed 1991-02-22
View their other companies + combined net worth →
MACLEOD, Kenneth John Baillie Stewart→
Resignedsecretary · appointed 1991-02-22 · resigned 1992-12-14
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1991-01-30 · resigned 1991-02-22
HEINIGER, Cornelia Maria→
Resigneddirector · ~65y · appointed 1991-02-22 · resigned 2026-02-10
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1991-01-30 · resigned 1991-02-22
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Midland Bank Midland Bank PLC | Irrevocable assignation of grant monies | 1 property | 15/07/1994 | — | |
| outstanding | Midland Bank Midland Bank PLC | Floating charge | 1 property | 20/04/1994 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 05/05/1993 | 28/07/1994 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (95 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
termination-director-company-with-name-termination-date
officers · TM01
2026-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-26
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2019-09-19