SHANETH LIMITED

💤Zombieactive
SC242276 · ltd · incorporated 2003-01-14
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 closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
  • · Hygiene score: 70 → 90
  • · Opportunity score: 67 → 75
  • · Bankability: 65 → 75
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 6 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 67 → 75
  • ↑Hygiene score: 70 → 90
  • ↑Bankability: 65 → 75
Last 90 days

Picture improved over the last 90 days — 3 positive signals vs 0 negative.

  • ↑Opportunity score: 67 → 75
  • ↑Hygiene score: 70 → 90
  • ↑Bankability: 65 → 75
Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-12.7k
book net assets
Opportunity
75/100
Strong
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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 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (75/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £12,709
Cash YoY
+177%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 177% YoY
Net Worth
-£13k
↓ 92% YoY
Current Assets
—
Current Liabilities
—
-£13k-£10k-£7k-£3k-£347£3kMar 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
Cash£2.7k£989
Net assets£-12.7k£-6.6k

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
5
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 address
Last 90 days
6
filings
  • • 2 officers
  • • 2 persons-with-significant-control
  • • 1 address
Last 180 days
9
filings
  • • 4 persons-with-significant-control
  • • 3 officers
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-06-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-06-30
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2026-06-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-06-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-06-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2026-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2026-02-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2026-02-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2025-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2003-01-28
    ➕
    MAITLAND, Tracy Ann appointed
    secretary
  18. 2003-01-28
    ➕
    MAITLAND, Gary appointed
    director
  19. 2003-01-28
    ➖
    PF & S (SECRETARIES) LIMITED resigned
    corporate-secretary
  20. 2003-01-28
    ➖
    PF & S (DIRECTORS) LIMITED resigned
    corporate-director
  21. 2003-01-14
    🏢
    Company incorporated
    As SHANETH LIMITED
  22. 2003-01-14
    ➕
    PF & S (SECRETARIES) LIMITED appointed
    corporate-secretary
  23. 2003-01-14
    ➕
    PF & S (DIRECTORS) LIMITED appointed
    corporate-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 24 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 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

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
Mrs Tracy Ann Maitland
Individual · British · DOB 04/1974 · age 52
25–50%
—25-50% shares11/01/2017
Mr Gary Maitland
Individual · British · DOB 06/1979 · age 47
25–50%
—25-50% shares11/01/2017

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

Similar companies

Active · Agriculture · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EAST COAST VINERS (PEAS AND BEANS) LIMITED→
SC465480 · est 2013
£8.08M
£6.21M–£9.94M
£13.37M—180012y8579y
TREETOP FORESTRY LIMITED→
SC292083 · est 2005
£5.00M
£3.85M–£6.15M
£12.98M—460020y8772y
CHALLENGE FISHING COMPANY LIMITED→
SC192237 · est 1998
———627y8369y
GARDINER ICM LIMITED→
SC197812 · est 1999
——£2.60M—27y8364y
LORANTHUS FISHING COMPANY LIMITED→
SC312585 · est 2006
———019y8370y
M.V. QUANTUS LIMITED→
SC150141 · est 1994
——£32.29M—32y8369y
MEARNS TRACTORS LIMITED→
SC261246 · est 2003
———122y8362y
S.F.F. SERVICES LIMITED→
SC098563 · est 1986 · no financials extracted
————40y8367y
SHANNON FISHING LIMITED→
SC157000 · est 1995
——£24.40M—31y8379y
UNITED FISH SELLING LIMITED→
SC077168 · est 1982
———20044y8372y
UNITY FISHING COMPANY LIMITED→
SC157635 · est 1995
——£8.14M—31y8364y
ABERDEEN FISH PRODUCERS' ORGANISATION, LIMITED→
SC054216 · est 1973
———30052y8258y
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
Incorporated2003-01-14
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

6 & 7 Queens Terrace
Aberdeen
AB10 1XL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-21
Last: 2026-04-07

Officers (2 active · 2 resigned)

MAITLAND, Tracy Ann→
secretary · appointed 2003-01-28
View their other companies + combined net worth →
Active
MAITLAND, Gary→
director · ~47y · appointed 2003-01-28
View their other companies + combined net worth →
Active
PF & S (SECRETARIES) LIMITED→
corporate-secretary · appointed 2003-01-14 · resigned 2003-01-28
Resigned
PF & S (DIRECTORS) LIMITED→
corporate-director · appointed 2003-01-14 · resigned 2003-01-28
Resigned

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

Recent filings (75 total)

change-person-director-company-with-change-date
officers · CH01
2026-06-30
change-person-secretary-company-with-change-date
officers · CH03
2026-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-14
change-person-director-company-with-change-date
officers · CH01
2026-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-12