SHIELDAIG EXPORT LIMITED

💤Zombieactive
SC165922 · ltd · incorporated 1996-05-29
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£141.4k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 25.1y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 25.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 4 with DOB)
79
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
94 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 declared
Positive net assets
Net assets £141,440
Net assets shrinking
Down £12,677 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£141k
↓ 8.2% YoY
Current Assets
£139k
↑ 12% YoY
Current Liabilities
—
£0£31k£62k£92k£123k£154kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£155.7k£165.1k
Current assets£138.6k£123.5k
Net assets£141.4k£154.1k

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 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-04-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-03-24
    🔓
    Charge satisfied #1
  5. 2025-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-06-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-06-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-06-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  9. 2024-05-01
    ➖
    LIVINGSTONE, Linda resigned
    secretary
  10. 2024-05-01
    ➖
    MACGREGOR, John resigned
    director
  11. 2024-05-01
    ➖
    MCLEOD, Duncan resigned
    director
  12. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2024-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2024-01-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2024-01-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2023-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2022-06-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2022-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2012-01-01
    ➕
    LIVINGSTONE, Linda appointed
    secretary
  22. 2012-01-01
    ➖
    STARR, Karen resigned
    secretary
  23. 2011-04-30
    ➖
    LIVINGSTONE, Donald resigned
    director
  24. 2003-05-20
    ➖
    LIVINGSTONE, Linda Jean resigned
    secretary
  25. 2003-05-20
    ➕
    STARR, Karen appointed
    secretary
  26. 2001-05-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  27. 1996-05-29
    🏢
    Company incorporated
    As SHIELDAIG EXPORT LIMITED
  28. 1996-05-29
    ➕
    LIVINGSTONE, Kenneth appointed
    director
  29. 1996-05-29
    ➕
    LIVINGSTONE, Linda Jean appointed
    secretary
  30. 1996-05-29
    ➕
    ASHCROFT CAMERON SECRETARIES LIMITED appointed
    corporate-secretary
  31. 1996-05-29
    ➖
    ASHCROFT CAMERON SECRETARIES LIMITED resigned
    corporate-secretary
  32. 1996-05-29
    ➕
    LIVINGSTONE, Donald appointed
    director
  33. 1996-05-29
    ➕
    MACGREGOR, John appointed
    director
  34. 1996-05-29
    ➕
    MCLEOD, Duncan appointed
    director
  35. 1996-05-29
    ➕
    ASHCROFT CAMERON NOMINEES LIMITED appointed
    corporate-director
  36. 1996-05-29
    ➖
    ASHCROFT CAMERON NOMINEES LIMITED resigned
    corporate-director

Owner dependency

100/100
Critical — business is the founder

The 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 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100
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 73 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Shieldaig Shellfish Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Shieldaig Shellfish Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
SHIELDAIG EXPORT LIMITED
This company · SC165922

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Shieldaig Shellfish Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting01/12/2023
Mr Kenneth Livingstone
Individual · British · DOB 08/1953 · age 73
25–50%
—25-50% shares06/04/2016
Mr Magnus Livingstone
Individual · British · DOB 11/1978 · age 48
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Mr Duncan Mcleodceased 01/12/2023· 25-50% shares

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

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
Incorporated1996-05-29
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

18 Stafford Street
Tain
IV19 1AZ
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-15
Last: 2026-05-01

Officers (1 active · 8 resigned)

LIVINGSTONE, Kenneth→
director · ~73y · appointed 1996-05-29
View their other companies + combined net worth →
Active
LIVINGSTONE, Linda→
secretary · appointed 2012-01-01 · resigned 2024-05-01
Resigned
LIVINGSTONE, Linda Jean→
secretary · appointed 1996-05-29 · resigned 2003-05-20
Resigned
STARR, Karen→
secretary · appointed 2003-05-20 · resigned 2012-01-01
Resigned
ASHCROFT CAMERON SECRETARIES LIMITED→
corporate-secretary · appointed 1996-05-29 · resigned 1996-05-29
Resigned
LIVINGSTONE, Donald→
director · ~71y · appointed 1996-05-29 · resigned 2011-04-30
Resigned
MACGREGOR, John→
director · ~73y · appointed 1996-05-29 · resigned 2024-05-01
Resigned
MCLEOD, Duncan→
director · ~67y · appointed 1996-05-29 · resigned 2024-05-01
Resigned
ASHCROFT CAMERON NOMINEES LIMITED→
corporate-director · appointed 1996-05-29 · resigned 1996-05-29
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/05/200124/03/2025

Recent filings (94 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-28
termination-director-company-with-name-termination-date
officers · TM01
2024-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-10
termination-director-company-with-name-termination-date
officers · TM01
2024-06-10
termination-secretary-company-with-name-termination-date
officers · TM02
2024-06-10
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-01-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-08