AQUARIUS FISHING CO. LIMITED

💤Zombieactive
SC233227 · ltd · incorporated 2002-06-25
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£-1.23M
book net assets
Opportunity
79/100
Strong
🔔
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: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 58). 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 (73/100).

🏦

Refinance opportunity

10 live charges · 2 lenders · oldest 23.7y

30/100
under pressure

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

  • · Oldest live charge is 23.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 3 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
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
Negative net assets
Liabilities exceed assets by £1,228,696

Key financials

1 year extracted from filed iXBRL accounts
Cash
£171
Net Worth
-£1.2m
Current Assets
£114k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£86.7k
Current assets£114.1k
Cash£171
Debtors£114.0k
Net assets£-1.23M

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2025-11-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-11-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2025-11-25
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2025-11-25
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-06-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2024-09-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2024-06-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2024-06-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2024-05-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2023-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2022-08-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-08-05
    🔓
    Charge satisfied #8
  13. 2022-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-08-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2022-07-13
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  16. 2022-07-13
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  17. 2022-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  18. 2021-06-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2020-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2019-05-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  21. 2017-07-27
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  22. 2017-01-27
    ➕
    SKINNER, Ross appointed
    secretary
  23. 2017-01-27
    ➖
    MACKAY, George Hector resigned
    secretary
  24. 2017-01-27
    ➖
    MACKAY, George Hector resigned
    director
  25. 2015-07-14
    🔓
    Charge satisfied #5
  26. 2015-07-14
    🔓
    Charge satisfied #4
  27. 2015-07-14
    🔓
    Charge satisfied #3
  28. 2014-06-20
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  29. 2014-03-07
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  30. 2013-04-18
    ➖
    DOUGAL, Robert Ross resigned
    secretary
  31. 2013-04-18
    ➕
    MACKAY, George Hector appointed
    secretary
  32. 2009-11-13
    🔓
    Charge satisfied #1
  33. 2008-06-18
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  34. 2008-06-16
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  35. 2008-06-16
    🔓
    Charge satisfied #2
  36. 2008-05-24
    ➕
    DOUGAL, Robert Ross appointed
    secretary
  37. 2008-05-24
    ➖
    SKINNER, William Maclenan resigned
    secretary
  38. 2008-05-24
    ➕
    MACKAY, George Hector appointed
    director
  39. 2008-05-22
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  40. 2007-06-01
    ➖
    SKINNER, William Maclenan resigned
    director
  41. 2002-10-07
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  42. 2002-09-05
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  43. 2002-07-25
    ➕
    SKINNER, Ross appointed
    director
  44. 2002-07-25
    ➕
    SKINNER, William Maclenan appointed
    secretary
  45. 2002-07-25
    ➖
    PF & S ( SECRETARIES) LIMITED resigned
    corporate-nominee-secretary
  46. 2002-07-25
    ➕
    SKINNER, William Maclenan appointed
    director
  47. 2002-07-25
    ➖
    PF & S (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  48. 2002-06-25
    🏢
    Company incorporated
    As AQUARIUS FISHING CO. LIMITED
  49. 2002-06-25
    ➕
    PF & S ( SECRETARIES) LIMITED appointed
    corporate-nominee-secretary
  50. 2002-06-25
    ➕
    PF & S (DIRECTORS) LIMITED appointed
    corporate-nominee-director

Owner dependency

93/100
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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ross Skinner
Individual · British · DOB 07/1968 · age 58
75–100%
—75-100% shares06/04/2016

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 · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ASSYNT CROFTERS TRUST LIMITED→
SC140205 · est 1992
———333y8388y
BLUE MOTION FISHING CO. LIMITED→
SC357414 · est 2009
——£762.9k—17y8362y
BURGIE LODGE FARMS LIMITED→
SC031556 · est 1956
——£1.67M—69y8373y
CAWDOR FORESTRY LIMITED→
SC218848 · est 2001
——£468.9k—25y8364y
DINGWALL & HIGHLAND MARTS LIMITED→
SC154876 · est 1994
———3931y8381y
EASTER ROSS FARMERS LIMITED→
SC060125 · est 1976
———10049y8395y
GLENROSSAL LIMITED→
SC351176 · est 2008
——£2.77M—17y8388y
KINGSBURGH FOREST TRUST→
SC227429 · est 2002 · no financials extracted
————24y8375y
MJM (FARMERS) LIMITED→
SC288996 · est 2005
——£1.80M—20y8371y
STRATHNAIRN COMMUNITY WOODLANDS→
SC228026 · est 2002 · no financials extracted
————24y8371y
ACHLAIN ESTATES LIMITED→
SC138631 · est 1992
———20033y8267y
BRAHAN FARMS LIMITED→
SC048495 · est 1971
———40055y8284y
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
Incorporated2002-06-25
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

Druimorrin
Orrin Bridge
Muir Of Ord
IV6 7UL
Scotland

Filing status

Accounts
Next due: 2026-06-28
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-23
Last: 2026-03-09

Officers (2 active · 7 resigned)

SKINNER, Ross→
secretary · appointed 2017-01-27
View their other companies + combined net worth →
Active
SKINNER, Ross→
director · ~58y · appointed 2002-07-25
View their other companies + combined net worth →
Active
DOUGAL, Robert Ross→
secretary · appointed 2008-05-24 · resigned 2013-04-18
Resigned
MACKAY, George Hector→
secretary · appointed 2013-04-18 · resigned 2017-01-27
Resigned
SKINNER, William Maclenan→
secretary · appointed 2002-07-25 · resigned 2008-05-24
Resigned
PF & S ( SECRETARIES) LIMITED→
corporate-nominee-secretary · appointed 2002-06-25 · resigned 2002-07-25
Resigned
MACKAY, George Hector→
director · ~65y · appointed 2008-05-24 · resigned 2017-01-27
Resigned
SKINNER, William Maclenan→
director · ~88y · appointed 2002-07-25 · resigned 2007-06-01
Resigned
PF & S (DIRECTORS) LIMITED→
corporate-nominee-director · appointed 2002-06-25 · resigned 2002-07-25
Resigned

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

Mortgages & charges

10
Total charges
4
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/07/2022—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/07/2022—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property27/07/201705/08/2022
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property20/06/2014—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property07/03/2014—
satisfied
Virgin Money
Clydesdale Bank PLC
Deed of undertakings (incorporating assignation)1 property18/06/200814/07/2015
satisfied
Virgin Money
Clydesdale Bank PLC
Mortgage of a ship1 property16/06/200814/07/2015
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property22/05/200814/07/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Ship mortgage1 property07/10/200216/06/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property05/09/200213/11/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-28
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-11-25
gazette-notice-compulsory
gazette · GAZ1
2025-11-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-10
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-06-28
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
gazette-notice-compulsory
gazette · GAZ1
2024-05-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-05