SHETLAND PRODUCTS LIMITED

⚰️Wound downdissolved
SC153567 · ltd · incorporated 1994-10-12
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
62/100
Worth a look
🔔
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 72/100. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 24.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 24.1 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
19 officers (3 active, 19 linked, 13 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
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
67
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 (64 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. 2017-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2017-10-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2016-10-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2016-01-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-10-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2015-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2014-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2014-12-11
    ➕
    SANDTORV, Atle Harald appointed
    director
  20. 2014-12-11
    ➕
    UTHEIM, Knut appointed
    director
  21. 2014-12-11
    ➕
    ØSTVEDT, Trude Elisabeth appointed
    director
  22. 2014-12-11
    ➖
    VIKE, Morten resigned
    director
  23. 2014-07-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2014-07-02
    🔓
    Charge satisfied #3
  25. 2014-05-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2014-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2013-10-03
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  28. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    secretary
  29. 2013-09-11
    ➖
    STARK, Michael Otto Philipp resigned
    director
  30. 2009-11-30
    ➖
    KVANGARDSNES, Ivar resigned
    director
  31. 2009-07-31
    ➖
    HAUGLAND, Eirik Bloch resigned
    director
  32. 2009-06-18
    ➕
    VIKE, Morten appointed
    director
  33. 2009-06-16
    ➖
    GRIEG, Per resigned
    director
  34. 2008-01-24
    🔓
    Charge satisfied #2
  35. 2008-01-17
    🔒
    Charge registered #3
    Lender: Sparebanken Vest
  36. 2007-07-20
    ➕
    GRIEG, Per appointed
    director
  37. 2007-07-20
    ➕
    HAUGLAND, Eirik Bloch appointed
    director
  38. 2007-07-20
    ➕
    KVANGARDSNES, Ivar appointed
    director
  39. 2007-07-20
    ➖
    MOGSTER, Frode resigned
    director
  40. 2007-07-20
    ➖
    SVENDSEN, Olav resigned
    director
  41. 2005-11-22
    🔓
    Charge satisfied #1
  42. 2005-06-01
    ➕
    STARK, Michael Otto Philipp appointed
    secretary
  43. 2005-06-01
    ➖
    SYNNEVAG, Geir resigned
    secretary
  44. 2005-06-01
    ➕
    STARK, Michael Otto Philipp appointed
    director
  45. 2005-06-01
    ➖
    SYNNEVAG, Geir resigned
    director
  46. 2002-05-10
    🔒
    Charge registered #2
    Lender: Nordea Bank Norge Asa
  47. 2002-05-10
    🔒
    Charge registered #1
    Lender: Biomar Limited
  48. 2001-04-17
    ➖
    LASCHINGER, Rudolf Jakob resigned
    director
  49. 2001-04-17
    ➕
    MOGSTER, Frode appointed
    director
  50. 2001-04-17
    ➕
    SVENDSEN, Olav appointed
    director
Showing most recent 50 of 64 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 32 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2020-09-22

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
⬇
SHETLAND PRODUCTS LIMITED
This company · SC153567

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 →

Similar companies

Active · Wholesale & distribution · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
JOHN DAVIDSON (PIPES) LIMITED→
SC050397 · est 1972
£15.21M
£11.41M–£19.01M
£79.83M—2500054y8361y
QUALITY FOOD PRODUCTS (ABERDEEN) LIMITED→
SC046323 · est 1969
£7.30M
£5.48M–£9.13M
——6757y8359y
WELLHEAD ELECTRICAL SUPPLIES LIMITED→
SC123707 · est 1990
£993.4k
£745.1k–£1.24M
——1536y8373y
MO & CO (UK) LIMITED→
SC236096 · est 2002
£860.4k
£645.3k–£1.08M
——210023y8286y
KEITH BUILDERS MERCHANTS LIMITED→
SC217157 · est 2001
£155.6k
£116.7k–£194.6k
——3925y8458y
APEX TUBULARS LIMITED→
SC331461 · est 2007
———60018y8363y
GPH BUILDERS MERCHANTS LIMITED→
SC378341 · est 2010 · no financials extracted
————16y8371y
ABERDEEN OFFICE SUPPLIES LIMITED→
SC238550 · est 2002
——£59.2k—23y8267y
CABER COFFEE LIMITED→
SC329912 · est 2007
——£593.6k—18y8283y
CRAIGIEVAR TIMBER LIMITED→
SC357720 · est 2009
——£227.4k—17y8274y
D. RUDDIMAN LIMITED→
SC031624 · est 1956
——£15.2k—69y8296y
GOOD TASTE SCOTLAND LIMITED→
SC314261 · est 2007
——£50.0k—19y8270y
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
Incorporated1994-10-12
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

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 · 16 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
AASERUD, Trond→
secretary · appointed 1994-10-12 · resigned 1995-10-12
Resigned
GEIRULV, Arne→
secretary · appointed 1995-10-12 · resigned 1996-10-12
Resigned
STARK, Michael Otto Philipp→
secretary · appointed 2005-06-01 · resigned 2013-09-11
Resigned
SYNNEVAG, Geir→
secretary · appointed 1997-08-01 · resigned 2005-06-01
Resigned
JAMES AND GEORGE COLLIE→
corporate-secretary · appointed 1994-10-12 · resigned 1994-10-12
Resigned
GEIRULV, Arne→
director · ~67y · appointed 1994-10-12 · resigned 1997-08-01
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
KVANGARDSNES, Ivar→
director · ~57y · appointed 2007-07-20 · resigned 2009-11-30
Resigned
LASCHINGER, Rudolf Jakob→
director · ~77y · appointed 1995-10-12 · resigned 2001-04-17
Resigned
MOGSTER, Frode→
director · ~71y · appointed 2001-04-17 · resigned 2007-07-20
Resigned
STARK, Michael Otto Philipp→
director · ~60y · appointed 2005-06-01 · resigned 2013-09-11
Resigned
SVENDSEN, Olav→
director · ~68y · appointed 2001-04-17 · resigned 2007-07-20
Resigned
SYNNEVAG, Geir→
director · ~82y · appointed 1997-08-01 · resigned 2005-06-01
Resigned
VIKE, Morten→
director · ~55y · appointed 2009-06-18 · resigned 2014-12-11
Resigned
BONSQUARE NOMINEES LIMITED→
corporate-director · appointed 1994-10-12 · resigned 1994-10-12
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Sparebanken Vest
Floating charge1 property17/01/200802/07/2014
satisfied
Nordea Bank Norge Asa
Bond & floating charge1 property10/05/200224/01/2008
satisfied
Biomar
Biomar Limited
Floating charge1 property10/05/200222/11/2005

Recent filings (110 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
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
accounts-with-accounts-type-full
accounts · AA
2016-10-12
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-05