SHANNA FISHING COMPANY LIMITED

⚰️Wound downdissolved
SC170828 · ltd · incorporated 1996-12-20
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.3y old — refinance window within 12 months
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 Dec 2015
Net worth
—
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 60/100. Strong seller-intent signal (88/100, director aged 65). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

3 live charges · oldest 29.3y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 29.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 4 with DOB)
79
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · UK GAAP
Metric2015-12-31

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2018-03-04
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2018-03-04
    🏁
    Company dissolved
  3. 2017-12-04
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2016-12-06
    ➖
    MACKAY, George Hector resigned
    secretary
  5. 2016-12-06
    ➖
    MACKAY, George Hector resigned
    director
  6. 2016-12-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2016-12-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2016-07-25
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2016-06-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2015-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2015-06-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2014-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2014-09-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2013-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-09-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-04-18
    ➖
    DOUGAL, Robert Ross resigned
    secretary
  18. 2013-04-18
    ➕
    MACKAY, George Hector appointed
    secretary
  19. 2013-04-18
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  20. 2013-04-18
    📄
    termination-secretary-company-with-name
    officers · TM02
  21. 2012-12-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2012-09-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2011-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2011-09-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2011-06-30
    📍
    move-registers-to-sail-company
    address · AD03
  26. 2011-06-30
    📍
    change-sail-address-company
    address · AD02
  27. 2010-12-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2010-07-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  29. 2010-01-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  30. 2010-01-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  31. 2008-11-28
    🔓
    Charge satisfied #3
  32. 2008-11-28
    🔓
    Charge satisfied #1
  33. 2004-09-22
    ➕
    DOUGAL, Robert Ross appointed
    secretary
  34. 2004-09-22
    ➖
    PYPER, Jackson Bell resigned
    secretary
  35. 2003-09-04
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  36. 2003-08-19
    ➕
    MACKAY, George Hector appointed
    director
  37. 2003-04-11
    ➖
    JONES, Alan John resigned
    director
  38. 2002-09-05
    🔓
    Charge satisfied #2
  39. 1997-04-15
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  40. 1997-01-22
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  41. 1997-01-14
    ➕
    EDDIE, Alan James appointed
    director
  42. 1997-01-14
    ➕
    PYPER, Jackson Bell appointed
    secretary
  43. 1997-01-14
    ➖
    D.W. COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  44. 1997-01-14
    ➖
    COUTTS, Maureen Sheila resigned
    nominee-director
  45. 1997-01-14
    ➕
    JONES, Alan John appointed
    director
  46. 1997-01-14
    ➖
    POLSON, Michael Buchanan resigned
    nominee-director
  47. 1996-12-20
    🏢
    Company incorporated
    As SHANNA FISHING COMPANY LIMITED
  48. 1996-12-20
    ➕
    D.W. COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  49. 1996-12-20
    ➕
    COUTTS, Maureen Sheila appointed
    nominee-director
  50. 1996-12-20
    ➕
    POLSON, Michael Buchanan appointed
    nominee-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 29 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. 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 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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

2 high ·
Company dissolved
high

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

Evidence: Dissolved on 2018-03-04

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2018-03-04: gazette-dissolved-liquidation; 2017-12-04: liquidation-voluntary-return-of-final-meeting-scotland

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—69y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—25y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10049y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y8371y
ACHLAIN ESTATES LIMITED→
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———20033y8267y
BRAHAN FARMS LIMITED→
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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
Incorporated1996-12-20
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

Denholm Fishselling Elm House
Cradlehall Business Park
Inverness
IV2 5GH

Filing status

Accounts
Next due: —
Last made up to: 2015-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 8 resigned)

EDDIE, Alan James→
director · ~65y · appointed 1997-01-14
View their other companies + combined net worth →
Active
DOUGAL, Robert Ross→
secretary · appointed 2004-09-22 · resigned 2013-04-18
Resigned
MACKAY, George Hector→
secretary · appointed 2013-04-18 · resigned 2016-12-06
Resigned
PYPER, Jackson Bell→
secretary · appointed 1997-01-14 · resigned 2004-09-22
Resigned
D.W. COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 1996-12-20 · resigned 1997-01-14
Resigned
COUTTS, Maureen Sheila→
nominee-director · appointed 1996-12-20 · resigned 1997-01-14
Resigned
JONES, Alan John→
director · ~83y · appointed 1997-01-14 · resigned 2003-04-11
Resigned
MACKAY, George Hector→
director · ~65y · appointed 2003-08-19 · resigned 2016-12-06
Resigned
POLSON, Michael Buchanan→
nominee-director · ~62y · appointed 1996-12-20 · resigned 1997-01-14
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
Virgin Money
Clydesdale Bank Public Limited Company
Mortgage1 property04/09/200328/11/2008
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Mortgage1 property15/04/199705/09/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property22/01/199728/11/2008

Recent filings (77 total)

gazette-dissolved-liquidation
gazette · GAZ2
2018-03-04
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2017-12-04
termination-director-company-with-name-termination-date
officers · TM01
2016-12-06
termination-secretary-company-with-name-termination-date
officers · TM02
2016-12-06
resolution
resolution · RESOLUTIONS
2016-07-25
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-22
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2014-12-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-12-23
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-09-12
appoint-person-secretary-company-with-name
officers · AP03
2013-04-18
termination-secretary-company-with-name
officers · TM02
2013-04-18