ICARE SHETLAND LTD

🌳Matureactive
SC238603 · ltd · incorporated 2002-10-24
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 Nov 2025
Net worth
£167.1k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 8.7y

45/100
under pressure

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

  • · Oldest live charge is 8.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (85/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
77 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
50
Some acquirability indicators.
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 £167,110
Cash YoY
-17%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£134k
↓ 17% YoY
Net Worth
£167k
↑ 15% YoY
Current Assets
£215k
↓ 5.5% YoY
Current Liabilities
—
£0£45k£91k£136k£182k£227kNov 2023Nov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-11-302024-11-302023-11-30
Total assets£236.6k£239.1k£204.6k
Current assets£215.0k£227.4k£197.5k
Cash£133.5k£161.6k£124.2k
Debtors£34.8k£21.4k£33.9k
Net assets£167.1k£145.7k£162.4k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-05-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-04-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-07-31
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-05-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-02-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2022-10-26
    ➖
    KELLY, Christine Elizabeth resigned
    director
  8. 2022-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-06-04
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2017-12-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2017-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2017-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2017-11-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2017-08-31
    ➕
    FOYLE, Andrew appointed
    director
  19. 2017-08-31
    ➕
    GUNN, Linda appointed
    director
  20. 2017-08-31
    🔒
    Charge registered #1
    Lender: Christine Kelly
  21. 2008-11-06
    ➖
    FOYLE, Andrew resigned
    secretary
  22. 2005-08-15
    ➕
    FOYLE, Andrew appointed
    secretary
  23. 2005-08-15
    ➖
    KELLY, Brian Francis resigned
    secretary
  24. 2005-08-15
    ➖
    KELLY, Brian Francis resigned
    director
  25. 2002-10-24
    🏢
    Company incorporated
    As ICARE SHETLAND LTD
  26. 2002-10-24
    ➕
    KELLY, Brian Francis appointed
    secretary
  27. 2002-10-24
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  28. 2002-10-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  29. 2002-10-24
    ➕
    KELLY, Brian Francis appointed
    director
  30. 2002-10-24
    ➕
    KELLY, Christine Elizabeth appointed
    director
  31. 2002-10-24
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  32. 2002-10-24
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
NameSharesVoting rightsNature of controlNotified
Mr Andrew Foyle
Individual · British · DOB 03/1979 · age 47
——sig. influencesignificant influence31/08/2017
Mrs Linda Gunn
Individual · British · DOB 09/1980 · age 46
——sig. influencesignificant influence31/08/2017
1 historic (ceased) PSC
  • Mrs Christine Elizabeth Kellyceased 26/10/2022· significant influence

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2002-10-24
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

58 Commercial Street
Lerwick
Shetland
ZE1 0BD

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-11-07
Last: 2025-10-24

Officers (2 active · 6 resigned)

FOYLE, Andrew→
director · ~47y · appointed 2017-08-31
View their other companies + combined net worth →
Active
GUNN, Linda→
director · ~46y · appointed 2017-08-31
View their other companies + combined net worth →
Active
FOYLE, Andrew→
secretary · appointed 2005-08-15 · resigned 2008-11-06
Resigned
KELLY, Brian Francis→
secretary · appointed 2002-10-24 · resigned 2005-08-15
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-10-24 · resigned 2002-10-24
Resigned
KELLY, Brian Francis→
director · ~70y · appointed 2002-10-24 · resigned 2005-08-15
Resigned
KELLY, Christine Elizabeth→
director · ~69y · appointed 2002-10-24 · resigned 2022-10-26
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-10-24 · resigned 2002-10-24
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Christine Kelly
A registered charge—31/08/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-05-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-08
termination-director-company-with-name-termination-date
officers · TM01
2023-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-10