LONDON SHETLAND SECURITIES LIMITED

🌳Matureactive
SC192120 · ltd · incorporated 1998-12-22
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£5.6k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -76% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 26.9y

30/100
under pressure

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

  • · Oldest live charge is 26.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 2 with DOB)
76
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 £5,648
Net assets shrinking
Down £1,641 YoY
Cash draining
Cash down 76% YoY
Cash YoY
-76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 76% YoY
Net Worth
£6k
↓ 23% YoY
Current Assets
£135k
↓ 5.3% YoY
Current Liabilities
—
£0£28k£57k£85k£114k£142kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£5.6k£7.3k
Current assets£134.6k£142.1k
Cash£2.3k£9.7k
Debtors£132.3k£132.4k
Net assets£5.6k£7.3k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-12-11
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  6. 2023-11-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2022-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2017-12-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-02-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-02-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-12-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-08-27
    ➕
    FARQUHAR, Gavin appointed
    director
  17. 2011-09-09
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  18. 2008-02-06
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  19. 2006-04-03
    ➕
    LC SECRETARIES LIMITED appointed
    corporate-secretary
  20. 2006-04-03
    ➖
    LEDINGHAM CHALMERS LLP resigned
    corporate-secretary
  21. 2005-01-01
    ➖
    WILSON, Derek resigned
    secretary
  22. 2005-01-01
    ➕
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  23. 1999-06-17
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  24. 1999-06-15
    ➕
    WILSON, Derek appointed
    secretary
  25. 1999-06-15
    ➖
    LEDINGHAM CHALMERS resigned
    corporate-nominee-secretary
  26. 1999-05-07
    ➕
    MOUNTFORD, Graham Harold appointed
    director
  27. 1999-05-07
    ➖
    DURANO LIMITED resigned
    corporate-nominee-director
  28. 1998-12-22
    🏢
    Company incorporated
    As LONDON SHETLAND SECURITIES LIMITED
  29. 1998-12-22
    ➕
    LEDINGHAM CHALMERS appointed
    corporate-nominee-secretary
  30. 1998-12-22
    ➕
    DURANO LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

86/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gavin Farquhar
Individual · British · DOB 02/1970 · age 56
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 · Holding company · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE RUTLAND (EDINBURGH) LIMITED→
SC247306 · est 2003
£6.24M
£5.31M–£7.18M
—£6.24M—23y8277y
HERD HOLDINGS LIMITED→
SC254945 · est 2003
£236.6k
£201.1k–£272.1k
—£236.6k—22y8278y
THE DON FISHING COMPANY (TRAWLING) LIMITED→
SC133042 · est 1991
£172.7k
£146.8k–£198.6k
—£172.7k—34y8277y
WOOD & DAVIDSON LIMITED→
SC004296 · est 1899
£11.3k
£9.6k–£12.9k
—£11.3k—126y8277y
DON FISHING COMPANY (FRASERBURGH) LIMITED (THE)→
SC092365 · est 1985
£2.0k
£1.7k–£2.3k
—£2.0k—41y8277y
BANFFSHIRE FISHSELLING COMPANY LIMITED→
SC054512 · est 1973
£2
£2–£2
—£2—52y8277y
INTEROCEAN GROUP SERVICES LIMITED→
SC484003 · est 2014
———011y9463y
SODEXO REMOTE SITES SUPPORT SERVICES LIMITED→
SC161470 · est 1995
———030y8458y
BALMORAL COMPOSITES LIMITED→
SC234546 · est 2002 · no financials extracted
————23y8386y
BALMORAL GROUP HOLDINGS LIMITED→
SC277480 · est 2004 · no financials extracted
————21y8386y
CLIPPER HOLDINGS LIMITED→
SC103809 · est 1987 · no financials extracted
————39y8374y
SCARBOROUGH GROUP INTERNATIONAL LIMITED→
SC319817 · est 2007 · no financials extracted
————19y8378y
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
Incorporated1998-12-22
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22

Officers (3 active · 4 resigned)

LC SECRETARIES LIMITED→
corporate-secretary · appointed 2006-04-03
View their other companies + combined net worth →
Active
FARQUHAR, Gavin→
director · ~56y · appointed 2015-08-27
View their other companies + combined net worth →
Active
MOUNTFORD, Graham Harold→
director · ~69y · appointed 1999-05-07
View their other companies + combined net worth →
Active
WILSON, Derek→
secretary · appointed 1999-06-15 · resigned 2005-01-01
Resigned
LEDINGHAM CHALMERS→
corporate-nominee-secretary · appointed 1998-12-22 · resigned 1999-06-15
Resigned
LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 2005-01-01 · resigned 2006-04-03
Resigned
DURANO LIMITED→
corporate-nominee-director · appointed 1998-12-22 · resigned 1999-05-07
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/09/2011—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/02/2008—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property17/06/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (74 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
change-person-director-company-with-change-date
officers · CH01
2023-12-11
change-corporate-secretary-company-with-change-date
officers · CH04
2023-12-11
change-person-director-company-with-change-date
officers · CH01
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-22