OCEAN SF LTD

💤Zombieactive
SC200524 · ltd · incorporated 1999-10-04
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£336.0k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 55900Other accommodation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 57). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 26.4y

45/100
under pressure

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

  • · Oldest live charge is 26.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
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 £336,037
Cash YoY
+42%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
↑ 42% YoY
Net Worth
£336k
~ YoY
Current Assets
£13k
↑ 44% YoY
Current Liabilities
—
£0£67k£134k£202k£269k£336kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£357.4k£354.8k
Current assets£13.2k£9.2k
Cash£12.4k£8.8k
Debtors£807£384
Net assets£336.0k£333.4k

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 (36 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-03-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2021-10-04
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  6. 2021-07-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-04-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-04-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-09-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-09-18
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2019-07-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-09-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-04-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-10-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-01-01
    ➖
    HEPBURN, Doreen resigned
    director
  17. 2013-07-04
    🔓
    Charge satisfied #3
  18. 2013-07-04
    🔓
    Charge satisfied #2
  19. 2011-01-01
    ➕
    HEPBURN, Doreen appointed
    director
  20. 2004-07-19
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  21. 2004-03-30
    ➕
    HEPBURN, Naomi appointed
    secretary
  22. 2004-03-30
    ➖
    HEPBURN, Doreen resigned
    secretary
  23. 2001-10-05
    ➖
    HEPBURN, Alexander resigned
    director
  24. 2001-10-05
    ➖
    HEPBURN, Doreen resigned
    director
  25. 2000-10-25
    🔓
    Charge satisfied #1
  26. 2000-02-21
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  27. 1999-12-02
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 1999-10-04
    🏢
    Company incorporated
    As OCEAN SF LTD
  29. 1999-10-04
    ➕
    HEPBURN, Andrew appointed
    director
  30. 1999-10-04
    ➕
    HEPBURN, Doreen appointed
    secretary
  31. 1999-10-04
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  32. 1999-10-04
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  33. 1999-10-04
    ➕
    HEPBURN, Alexander appointed
    director
  34. 1999-10-04
    ➕
    HEPBURN, Doreen appointed
    director
  35. 1999-10-04
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  36. 1999-10-04
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

85/100
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 27 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Andrew Hepburn
Individual · United Kingdom · DOB 09/1969 · age 57
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest06/04/2016
Mrs Naomi Louise Hepburn
Individual · United Kingdom · DOB 04/1975 · age 51
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence · firm interest06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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R.P.D. SCOTLAND LIMITED→
SC092792 · est 1985 · no financials extracted
————41y——
R.S.M. MILNE (DYKELANDS) LIMITED→
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————71y——
RATTLEROW SCOTLAND LIMITED→
SC461174 · est 2013 · no financials extracted
————12y——
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SC243553 · est 2003 · no financials extracted
————23y——
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————4y——
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SC422251 · est 2012 · no financials extracted
————13y——
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————3y——
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————21y——
RJD FARMS LIMITED→
SC855979 · est 2025 · no financials extracted
———————
RYAN HOGARTH FISHING LTD→
SC608073 · est 2018 · no financials extracted
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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1999-10-04
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

61 Countesswells Crescent
Aberdeen
AB15 8LN
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04

Officers (2 active · 6 resigned)

HEPBURN, Naomi→
secretary · appointed 2004-03-30
View their other companies + combined net worth →
Active
HEPBURN, Andrew→
director · ~57y · appointed 1999-10-04
View their other companies + combined net worth →
Active
HEPBURN, Doreen→
secretary · appointed 1999-10-04 · resigned 2004-03-30
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 1999-10-04 · resigned 1999-10-04
Resigned
HEPBURN, Alexander→
director · ~82y · appointed 1999-10-04 · resigned 2001-10-05
Resigned
HEPBURN, Doreen→
director · ~81y · appointed 2011-01-01 · resigned 2014-01-01
Resigned
HEPBURN, Doreen→
director · ~81y · appointed 1999-10-04 · resigned 2001-10-05
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 1999-10-04 · resigned 1999-10-04
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property19/07/200404/07/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Ship mortgage1 property21/02/200004/07/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property02/12/199925/10/2000

Recent filings (114 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
change-sail-address-company-with-old-address-new-address
address · AD02
2021-10-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-04