R H W FISHING LTD.
💤Zombieactive
SC246664 · ltd · incorporated 2003-03-27
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 Mar 2025
Net worth
£109.2k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 13.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
78 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 · FRS 102Positive net assets
Net assets £109,193
Net assets shrinking
Down £61,919 YoY
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
↓ 58% YoY
Net Worth
£109k
↓ 36% YoY
Current Assets
£26k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £111.7k | — |
| Current assets | £25.8k | — |
| Cash | £6.2k | £14.9k |
| Debtors | £19.6k | — |
| Net assets | £109.2k | £171.1k |
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-20📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-19📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-06-02🔓Charge satisfied #6
- 2023-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-04📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-06-01📄gazette-notice-compulsorygazette · GAZ1
- 2020-03-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-10🔓Charge satisfied #3
- 2020-03-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-19🔒Charge registered #7Lender: Macduff Shellfish (Scotland) Limited
- 2019-03-05🔓Charge satisfied #2
- 2017-11-22🔒Charge registered #6Lender: Bank of Scotland PLC
- 2016-09-30🔒Charge registered #5Lender: Caley Fisheries Limited
- 2016-09-20🔒Charge registered #4Lender: Caley Fisheries Limited
- 2013-09-01➕WILSON, Robert appointedsecretary
- 2013-09-01➖WILSON, Hazel resignedsecretary
- 2012-08-09🔒Charge registered #3Lender: Macduff Shellfish (Scotland) Limited
- 2012-07-25🔒Charge registered #2Lender: Bank of Scotland PLC
- 2012-06-05🔒Charge registered #1Lender: Bank of Scotland PLC
- 2003-03-27🏢Company incorporatedAs R H W FISHING LTD.
- 2003-03-27➕WILSON, Robert appointeddirector
- 2003-03-27➕WILSON, Hazel appointedsecretary
- 2003-03-27➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-03-27➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-03-27➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2003-03-27➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
85/100
Critical — business is the founderThe 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 23 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
75/100
Likely off-market candidateStrong 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 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
mediumMultiple 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Wilson Individual · British · DOB 03/1970 · age 56 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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
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
Incorporated2003-03-27
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
C/O Peter & J Johnston Ltd
1-3 Dalrymple Street
Fraserburgh
AB43 9BH
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-04
Last: 2026-03-21
Officers (2 active · 3 resigned)
Active
WILSON, Robert→
Activedirector · ~56y · appointed 2003-03-27
View their other companies + combined net worth →
WILSON, Hazel→
Resignedsecretary · appointed 2003-03-27 · resigned 2013-09-01
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-03-27 · resigned 2003-03-27
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2003-03-27 · resigned 2003-03-27
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
4
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Macduff Shellfish (Scotland) Macduff Shellfish (Scotland) Limited | A registered charge | 1 property | 19/02/2020 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 22/11/2017 | 02/06/2023 | |
| outstanding | Caley Fisheries Caley Fisheries Limited | A registered charge | 1 property | 30/09/2016 | — | |
| outstanding | Caley Fisheries Caley Fisheries Limited | A registered charge | 6 properties | 20/09/2016 | — | |
| satisfied | Macduff Shellfish (Scotland) Macduff Shellfish (Scotland) Limited | Ship mortgage | 1 property | 09/08/2012 | 10/03/2020 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Ship mortgage | 1 property | 25/07/2012 | 05/03/2019 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 05/06/2012 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (78 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-21
change-person-secretary-company-with-change-date
officers · CH03
2024-03-20
change-person-director-company-with-change-date
officers · CH01
2024-03-19
change-person-director-company-with-change-date
officers · CH01
2024-03-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-28
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-23