SHETLAND FISHERIES TRAINING ASSOCIATION

⚰️Wound downdissolved

SC190785 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-11-04

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

64/100

Worth a look

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What this business does

Primary activity: Other education n.e.c.

Sector: Education

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (65/100).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

Confirmed no charges registered

Directors & officers

34 officers (7 active, 34 linked, 30 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

116 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

64/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (88 events)Click to expand

2017-03-21
📄
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-03-21
🏁
Company dissolved
2017-01-03
📄
gazette-notice-voluntary
gazette · GAZ1(A)
2016-12-22
📄
dissolution-application-strike-off-company
dissolution · DS01
2015-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-11-26
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-11-04
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2014-07-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-07-03
📄
termination-secretary-company-with-name
officers · TM02
2014-06-30
➖
HEPBURN, Caroline Margaret resigned
secretary
2013-12-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2013-11-21
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2013-11-04
📄
termination-director-company-with-name
officers · TM01
2013-09-30
➖
STARK, Michael Otto Philipp resigned
director
2013-03-15
📄
appoint-person-director-company-with-name
officers · AP01
2013-03-04
📄
auditors-resignation-company
auditors · AUD
2013-02-06
➕
COLLINS, Simon Caspar appointed
director
2013-01-17
📄
annual-return-company-with-made-up-date-no-member-list
annual-return · AR01
2012-12-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-16
➕
STARK, Michael Otto Philipp appointed
director
2012-07-16
📄
appoint-person-director-company-with-name
officers · AP01
2012-05-28
📄
resolution
resolution · RESOLUTIONS
2012-05-28
📄
statement-of-companys-objects
change-of-constitution · CC04
2012-05-14
➕
HENDERSON, Ruth Agnes appointed
director
2012-05-14
➕
TAIT, Leslie Alexander appointed
director
2012-05-14
📄
appoint-person-director-company-with-name
officers · AP01
2012-05-14
📄
appoint-person-director-company-with-name
officers · AP01
2012-05-09
📄
termination-director-company-with-name
officers · TM01
2012-05-09
📄
termination-director-company-with-name
officers · TM01
2012-05-09
📄
termination-director-company-with-name
officers · TM01
2012-05-09
📄
termination-director-company-with-name
officers · TM01
2012-05-09
📄
termination-director-company-with-name
officers · TM01
2012-05-03
➖
FULLERTON, Elizabeth Laureen resigned
director
2012-05-03
➖
HENRY, James Herculson resigned
director
2012-05-03
➖
NICOLSON, Arthur Benjamin resigned
director
2012-05-03
➖
SIMPSON, Joseph Gilbert resigned
director
2012-05-03
➖
WILLS, Jonathan Witney Garriock, Dr resigned
director
2012-02-29
➕
WILLS, Jonathan Witney Garriock, Dr appointed
director
2012-01-05
➖
BLACK, John Hansen resigned
director
2011-09-30
➖
HAWKINS, Iris Jean resigned
director
2009-08-10
➕
DRUMMOND, Gordon John appointed
director
2009-08-10
➕
SHEARER, Magnus John appointed
director
2009-07-20
➖
GRAY, David resigned
director
2009-04-20
➕
GRAY, David appointed
director
2009-04-20
➖
HENDERSON, Ruth resigned
director
2009-01-08
➕
ANGUS, Leslie appointed
director
2009-01-08
➕
FULLERTON, Elizabeth Laureen appointed
director
2009-01-08
➕
HENRY, James Herculson appointed
director
2008-05-06
➖
CLUNESS, Alexander Jamieson resigned
director
2008-03-18
➖
DRYBURGH, Peter Alexander resigned
director

Showing most recent 50 of 88 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 86 — succession pressure is live.

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 86 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 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

1 high ·

Company dissolved

high

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

Evidence: Dissolved on 2017-03-21

🔒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.

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Company details

Statusdissolved

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1998-11-04

Jurisdictionscotland

Primary SIC85590 — Other education n.e.c.

Registered office

Shetland Seafood Centre

Stewart Building

Lerwick

Shetland

ZE1 0LL

Filing status

Accounts

Next due: —

Last made up to: 2015-03-31

Confirmation statement

Next due: —

Last: —