SHETLAND SEAFOOD AUCTIONS LIMITED

🌳Matureactive

SC190378 · ltd · incorporated 1998-10-19

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 24.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£408.2k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Operating from Shetland, this business likely runs seafood auction services, facilitating the sale and trading of fresh fish and marine products between local fishermen and buyers, consistent with its marine fishing and aquaculture sector classification.

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 24.7y

65/100

clean up first

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

· Oldest live charge is 24.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

17 officers (5 active, 17 linked, 12 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

11 connected companies via shared directors

Filing history

116 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 £408,170

Key financials

2 years extracted from filed iXBRL accounts

Cash

£328k

Net Worth

£408k

↑ 44% YoY

Current Assets

£341k

↑ 70% 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	£450.8k	£359.2k
Current assets	£340.9k	£201.0k
Cash	£328.4k	—
Debtors	£12.4k	—
Net assets	£408.2k	£284.1k

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

🔒Filing-note intelligence

2 signals 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

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-05-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-03
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-30
➖
COOPER, Alastair Thomas James resigned
director
2022-09-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-02-04
➕
WILLIAMSON, Robert appointed
director
2020-10-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-29
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2020-10-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2020-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-29
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-29
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2020-09-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-26
➕
AITKEN, Andy appointed
secretary
2020-03-26
➕
CROSSAN, Andrew appointed
director
2020-03-26
➖
CROSSAN, Andrew resigned
secretary
2020-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-03-24
➖
HENDERSON, Ruth Agnes resigned
director
2020-03-24
➖
SIMPSON, Richard Harald resigned
director
2019-09-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2012-08-15
➕
SANDISON, Victor Ian appointed
director
2012-08-15
➖
LAURENSON, Sandra Mary resigned
director
2008-04-02
➕
COOPER, Alastair Thomas James appointed
director
2007-05-15
➖
WISHART, Allan Sinclair resigned
director
2005-06-22
➕
CROSSAN, Andrew appointed
secretary
2005-06-22
➖
ISBISTER, Brian Neil resigned
secretary
2004-06-08
➖
SINCLAIR, Edwin Kenneth resigned
director
2003-11-04
➕
ISBISTER, Brian Neil appointed
director
2003-11-04
➖
SIMPSON, Joseph Gilbert resigned
director
2003-11-04
➖
SIMPSON, Richard Harald resigned
director
2001-08-22
🔒
Charge registered #1
Lender: Shetland Development Trust
2001-02-13
➕
HENDERSON, Ruth Agnes appointed
director
1999-08-19
➕
LAURENSON, Sandra Mary appointed
director
1999-08-09
➕
SIMPSON, Richard Harald appointed
director
1999-08-09
➕
SIMPSON, Richard Harald appointed
director
1999-08-09
➕
SINCLAIR, Edwin Kenneth appointed
director
1999-08-09
➕
WISHART, Allan Sinclair appointed
director
1998-11-09
➕
ISBISTER, Brian Neil appointed
secretary
1998-11-09
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1998-11-09
➕
SIMPSON, Joseph Gilbert appointed
director
1998-11-09
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1998-10-19
🏢
Company incorporated
As SHETLAND SEAFOOD AUCTIONS LIMITED
1998-10-19
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1998-10-19
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 28 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.)

🔒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 · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RESEARCH FISHING CO. LIMITED→ SC103453 · est 1987	£15.65M £12.04M–£19.26M	—	—	0	39y	81	87y
CHARISMA HOLDING COMPANY LIMITED→ SC207704 · est 2000	£14.85M £11.42M–£18.28M	—	—	0	25y	80	75y
GRONIDAAL ORGANIC SMOLTS LTD.→ SC307638 · est 2006	—	—	£396.2k	—	19y	83	82y
UNST SHELLFISH LTD.→ SC326121 · est 2007	—	—	£180.6k	—	18y	83	61y
C & A THOMASON LTD.→ SC197920 · est 1999	—	—	£217.5k	—	26y	82	88y
GUIDING LIGHT FISHING COMPANY LIMITED→ SC339799 · est 2008	—	—	—	2	18y	82	58y
SHETLAND MARINE LIMITED→ SC398706 · est 2011	—	—	—	3	15y	82	70y
TINGWALL LIVESTOCK LIMITED→ SC285843 · est 2005	—	—	£247.4k	—	20y	82	75y
ANDERSON BROS (VOE) LTD.→ SC246814 · est 2003	—	—	£220.2k	—	23y	80	64y
BLUESHELL MUSSELS LIMITED→ SC254395 · est 2003	—	—	£16.08M	—	22y	80	58y
COLLAFIRTH SEAFARMS LIMITED→ SC335991 · est 2008	—	—	—	—	18y	80	70y
CRIBBA SOUND LTD.→ SC291896 · est 2005	—	—	£113.0k	—	20y	80	58y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated1998-10-19

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Lerwick Fish Market Mairs Quay

Lerwick

Shetland

Isle Of Shetland

ZE1 0PW

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-02

Last: 2025-10-19