KELTIC SEAFARE (SCOTLAND) LIMITED

🌳Matureactive

SC141396 · ltd · incorporated 1992-11-23

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

—

year to Apr 2025

Net worth

£1.15M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 10200

Sector: Manufacturing

ALSO REGISTERED FOR

46380Wholesale of other food, including fish, crustaceans and molluscs
47230SIC 47230

Investor take

Pursue

Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

12 live charges · 9 lenders · oldest 33.3y

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

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

12 charges (12/12 with lender, 12/12 with type)

Directors & officers

21 officers (9 active, 21 linked, 15 with DOB)

Ownership & PSC

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

Director network

15 connected companies via shared directors

Filing history

155 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,149,213

Cash YoY

-15%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£347k

↓ 15% YoY

Net Worth

£1.1m

↑ 8.2% YoY

Current Assets

£914k

↑ 1.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£1.46M	£1.28M
Current assets	£913.6k	£901.6k
Cash	£347.5k	£408.2k
Debtors	£492.9k	£418.9k
Net assets	£1.15M	£1.06M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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 (73 events)Click to expand

2026-01-30
📄
accounts-with-accounts-type-small
accounts · AA
2024-11-29
📄
accounts-with-accounts-type-small
accounts · AA
2023-12-06
📄
accounts-with-accounts-type-small
accounts · AA
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-04-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-01-31
📄
accounts-with-accounts-type-small
accounts · AA
2022-01-21
📄
accounts-with-accounts-type-small
accounts · AA
2020-11-14
📄
accounts-with-accounts-type-small
accounts · AA
2020-07-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-07-13
➖
MCROBBIE, William Kenneth resigned
director
2019-11-29
📄
accounts-with-accounts-type-small
accounts · AA
2018-10-05
📄
accounts-with-accounts-type-small
accounts · AA
2018-05-08
🔓
Charge satisfied #12
2017-04-25
🔓
Charge satisfied #11
2016-07-29
➖
MURRAY, Benjamin Edward resigned
director
2016-07-07
➖
SMITH, Glen Scott Tracey resigned
secretary
2016-07-02
🔓
Charge satisfied #8
2016-06-29
🔒
Charge registered #12
Lender: Rbs Invoice Finance Limited
2016-04-26
➕
COOK, James Cowe appointed
director
2016-04-26
➕
COOK, Yvonne appointed
director
2016-04-26
➕
MARK, Ryan Thomas appointed
director
2016-04-26
➕
VIRTUE, Paul James appointed
director
2016-04-26
➕
WILSON, Shona Alice appointed
director
2016-04-26
➕
MCROBBIE, William Kenneth appointed
director
2016-02-29
🔒
Charge registered #11
Lender: Highlands and Islands Enterprise
2013-10-25
➖
HORN, David Graeme resigned
director
2013-09-13
➖
MURRAY, Benjamin Edward resigned
secretary
2013-09-13
➕
SMITH, Glen Scott Tracey appointed
secretary
2013-09-13
➖
WATKINS, Lawrence resigned
secretary
2012-12-04
🔓
Charge satisfied #7
2012-11-28
🔒
Charge registered #10
Lender: Hsbc Bank PLC
2012-11-21
🔒
Charge registered #9
Lender: Hsbc Bank PLC
2012-11-20
🔓
Charge satisfied #6
2012-10-31
🔒
Charge registered #8
Lender: Hsbc Invoice Finance (UK) Limited
2012-09-21
➕
MURRAY, Benjamin Edward appointed
director
2012-08-28
➖
FORGIE, Stephen Andrew resigned
director
2012-06-18
➕
FORGIE, Stephen Andrew appointed
director
2011-11-18
➕
HORN, David Graeme appointed
director
2011-04-01
➕
MURRAY, Benjamin Edward appointed
secretary
2009-12-04
➕
HUGHSON, Alasdair George appointed
director
2009-12-04
➕
THOMSON, Ailsa Elizabeth appointed
director
2009-12-04
➕
WATKINS, Laurence John appointed
director
2009-10-16
🔒
Charge registered #7
Lender: Royal Bank of Scotland PLC
2009-10-16
🔓
Charge satisfied #5

Showing most recent 50 of 73 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

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 84 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 33 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 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

D.R. Collin Scotland Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

D.R. Collin Scotland Ltd

Corporate parent · holds 50-75% shares

majority

⬇

KELTIC SEAFARE (SCOTLAND) LIMITED

This company · SC141396

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
D.R. Collin Scotland Ltd Corporate entity	50–75%	—	50-75% shares	26/04/2016

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 →

Similar companies

Active · Food & drink · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CULLODEN FOODS LIMITED→ SC063411 · est 1977	£720.8k £531.1k–£910.5k	—	—	215	48y	85	81y
C J MIDDLETON LIMITED→ SC212646 · est 2000	—	—	£558.0k	—	25y	82	66y
CLAYMORE DAIRIES LIMITED→ SC371390 · est 2010 · no financials extracted	—	—	—	—	16y	82	60y
EKOBAY LIMITED→ SC128521 · est 1990	—	—	—	200	35y	82	73y
FIONNAR SPRINGS LTD.→ SC230770 · est 2002	—	—	£235.7k	—	24y	82	92y
SINCLAIR BREWERIES LIMITED→ SC302746 · est 2006	—	—	—	21	19y	82	65y
ATLAS BREWERY LIMITED→ SC303326 · est 2006	—	—	—	—	19y	80	65y
MARIXIN (INVERNESS) LIMITED→ SC098274 · est 1986	—	—	—	1900	40y	80	85y
SPEYMALT WHISKY DISTRIBUTORS LIMITED→ SC037522 · est 1962 · no financials extracted	—	—	—	—	64y	80	65y
HIGHLANDER ROASTERY LTD→ SC663005 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
ORD OAK SMOKEHOUSE LTD→ SC700547 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
SGURR UARAN LTD→ SC682633 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1992-11-23

Jurisdictionscotland

Primary SIC10200 — SIC 10200

Registered office

Unit 6 Strathpeffer Road Industrial Estate

Dingwall

Ross-Shire

IV15 9SP

United Kingdom

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-09-04

Last: 2025-08-21