CHALLENGE FISHING COMPANY LIMITED

🌳Matureactive

SC192237 · ltd · incorporated 1998-12-29

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 27.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 69). 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

2 live charges · oldest 27.2y

65/100

clean up first

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

· Oldest live charge is 27.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (6 active, 8 linked, 6 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

11 connected companies via shared directors

Filing history

108 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	6	800

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

🔒Filing-note intelligence

3 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

• 1 confirmation-statement
• 1 capital
• 1 resolution

Last 90 days

filings

• 1 confirmation-statement
• 1 capital
• 1 resolution

Last 180 days

filings

• 1 confirmation-statement
• 1 capital
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-04-21
📄
capital-name-of-class-of-shares
capital · SH08
2026-04-17
📄
resolution
resolution · RESOLUTIONS
2026-04-17
📄
memorandum-articles
incorporation · MA
2025-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-01
📄
memorandum-articles
incorporation · MA
2023-12-01
📄
resolution
resolution · RESOLUTIONS
2023-11-29
📄
memorandum-articles
incorporation · MA
2023-11-29
📄
resolution
resolution · RESOLUTIONS
2023-10-24
📄
capital-name-of-class-of-shares
capital · SH08
2023-09-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-14
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2022-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-13
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2020-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-06
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2020-05-04
📄
change-person-director-company-with-change-date
officers · CH01
2008-10-20
➕
SINCLAIR, Louise appointed
director
2006-01-01
➕
TAIT, Michael appointed
director
2006-01-01
➕
TAIT JNR, George appointed
director
2002-01-30
🔓
Charge satisfied #2
1999-11-23
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1999-02-10
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1998-12-29
🏢
Company incorporated
As CHALLENGE FISHING COMPANY LIMITED
1998-12-29
➕
TAIT, Christina Margaret appointed
secretary
1998-12-29
➕
TAIT, Christina Margaret appointed
director
1998-12-29
➕
TAIT SNR, George appointed
director
1998-12-29
➕
MACKINNONS appointed
corporate-nominee-secretary
1998-12-29
➖
MACKINNONS resigned
corporate-nominee-secretary
1998-12-29
➕
JONES, Graham Edward appointed
director
1998-12-29
➖
JONES, Graham Edward resigned
director

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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.
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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr George Tait Individual · British · DOB 03/1957 · age 69	25–50%	—	25-50% shares	06/04/2016
Christina Margaret Tait Individual · British · DOB 07/1958 · age 68	25–50%	—	25-50% shares	06/04/2016

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 · Agriculture · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
R.P.D. SCOTLAND LIMITED→ SC092792 · est 1985 · no financials extracted	—	—	—	—	41y	—	—
R.S.M. MILNE (DYKELANDS) LIMITED→ SC030118 · est 1954 · no financials extracted	—	—	—	—	71y	—	—
RAPTORS LOGISTICS LTD→ SC707810 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
RATTLEROW SCOTLAND LIMITED→ SC461174 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
RATTRAY ESTATES LIMITED→ SC101814 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
RAYNER SIM (FISHING) LTD.→ SC243553 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
RDW307 LTD→ SC699924 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
RIBSMARIE LIMITED→ SC422251 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
RITCH FINGASK LIMITED→ SC759033 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
RITCHIE'S PLANT HIRE LIMITED→ SC122820 · est 1990 · no financials extracted	—	—	—	—	36y	—	—
RJB (SCOTLAND) LTD.→ SC283239 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
RJD FARMS LIMITED→ SC855979 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

🔒Tailored diligence questions

7 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

Statusactive

Typeltd

Incorporated1998-12-29

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Lootingstone

Rathen

Fraserburgh

Aberdeenshire

AB43 8UR

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-06

Last: 2026-04-22