BLUESHELL MUSSELS LIMITED

🌳Matureactive

SC254395 · ltd · incorporated 2003-08-18

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Jul 2025

Net worth

£16.08M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 03210

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

10200SIC 10200

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 77/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 4 lenders · oldest 22.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 22.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (88/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

6 officers (4 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

12 connected companies via shared directors

Filing history

98 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £16,081,933

Cash YoY

+39%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£6.8m

↑ 39% YoY

Net Worth

£16m

↑ 19% YoY

Current Assets

£8.6m

↑ 19% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31	2023-07-31
Total assets	£18.95M	£16.10M	£13.11M
Current assets	£8.56M	£7.22M	£8.88M
Cash	£6.76M	£4.85M	£3.03M
Debtors	£1.62M	£2.07M	£5.43M
Net assets	£16.08M	£13.48M	£12.24M

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 miscellaneous
• 1 officers

Counts from Companies House filing history.

Corporate timeline (52 events)Click to expand

2026-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-11
📄
legacy
miscellaneous · RP01PSC01
2026-02-11
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-12-01
📄
legacy
miscellaneous · RP01PSC01
2025-04-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-09-20
📄
capital-allotment-shares
capital · SH01
2023-08-18
➕
LAURENSON, Lindsay appointed
director
2023-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-13
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-13
🔓
Charge satisfied #7
2023-01-13
🔓
Charge satisfied #5
2023-01-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-01-12
🔓
Charge satisfied #10
2023-01-12
🔓
Charge satisfied #9
2023-01-12
🔓
Charge satisfied #6
2023-01-12
🔓
Charge satisfied #4
2022-12-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-07
🔓
Charge satisfied #11
2022-12-07
🔓
Charge satisfied #8
2022-12-07
🔓
Charge satisfied #1
2017-08-10
🔒
Charge registered #11
Lender: Clydesdale Bank PLC
2017-08-10
🔒
Charge registered #10
Lender: Clydesdale Bank PLC
2017-07-17
🔒
Charge registered #9
Lender: Clydesdale Bank PLC
2016-03-02
🔓
Charge satisfied #3
2013-10-11
🔓
Charge satisfied #2
2013-10-09
🔒
Charge registered #8
Lender: Clydesdale Bank PLC
2013-02-12
🔒
Charge registered #7
Lender: Shetland Leasing and Property Developments Limited
2009-11-12
🔒
Charge registered #6
Lender: Clydesdale Bank PLC
2008-11-18
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2004-10-07
🔒
Charge registered #3
Lender: The Trustees of the Shetland Development Trust
2004-10-06
🔒
Charge registered #4
Lender: Clydesdale Bank Public Limited Company
2004-09-09
🔒
Charge registered #2
Lender: The Trustees of the Shetland Development Trust
2003-11-22
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2003-09-01
➕
LAURENSON, John Michael appointed
secretary
2003-09-01
➕
LAURENSON, John Michael appointed
director
2003-09-01
➕
LAURENSON, Mandy Louise appointed
director
2003-09-01
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2003-09-01
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
2003-08-18
🏢
Company incorporated
As BLUESHELL MUSSELS LIMITED

Showing most recent 50 of 52 events

Owner dependency

76/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100

No succession signal

No meaningful acquirability indicators from public data.

SIGNALS

primaryFamily succession underway: Not a takeover target — LAURENSON, Lindsay (same surname) appointed 2023-08-18. Pattern consistent with intra-family handover.
secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Lindsay Laurenson Individual · British · DOB 04/1973 · age 53	25–50%	—	25-50% shares	18/08/2023
Mr John Michael Laurenson Individual · British · DOB 07/1968 · age 58	25–50%	50–75%	board control50-75% shares · 50-75% voting · board control	06/04/2016

1 historic (ceased) PSC

Mandy Louise Laurensonceased 18/08/2023· 25-50% shares · 25-50% voting · board control

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 · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
RESEARCH FISHING CO. LIMITED→ SC103453 · est 1987	£15.65M £12.04M–£19.26M	—	—	0	39y	81	87y
CHARISMA HOLDING COMPANY LIMITED→ SC207704 · est 2000	£14.85M £11.42M–£18.28M	—	—	0	25y	83	75y
GRONIDAAL ORGANIC SMOLTS LTD.→ SC307638 · est 2006	—	—	£396.2k	—	19y	83	82y
UNST SHELLFISH LTD.→ SC326121 · est 2007	—	—	£180.6k	—	18y	83	61y
C & A THOMASON LTD.→ SC197920 · est 1999	—	—	£217.5k	—	26y	82	88y
GUIDING LIGHT FISHING COMPANY LIMITED→ SC339799 · est 2008	—	—	—	2	18y	82	58y
SHETLAND MARINE LIMITED→ SC398706 · est 2011	—	—	—	3	15y	82	70y
SHETLAND SEAFOOD AUCTIONS LIMITED→ SC190378 · est 1998	—	—	£408.2k	—	27y	82	62y
TINGWALL LIVESTOCK LIMITED→ SC285843 · est 2005	—	—	£247.4k	—	20y	82	75y
ANDERSON BROS (VOE) LTD.→ SC246814 · est 2003	—	—	£220.2k	—	23y	80	64y
COLLAFIRTH SEAFARMS LIMITED→ SC335991 · est 2008	—	—	—	—	18y	80	70y
CRIBBA SOUND LTD.→ SC291896 · est 2005	—	—	£95.5k	—	20y	80	58y

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

Incorporated2003-08-18

Jurisdictionscotland

Primary SIC03210 — SIC 03210

Registered office

Farm Office

Sparl

Brae

Shetland

ZE2 9QJ

Scotland

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-10-04

Last: 2025-09-20

Officers (4 active · 2 resigned)

LAURENSON, John Michael→

secretary · appointed 2003-09-01

View their other companies + combined net worth →

Active

LAURENSON, John Michael→

director · ~58y · appointed 2003-09-01

View their other companies + combined net worth →

Active

LAURENSON, Lindsay→

director · ~53y · appointed 2023-08-18

View their other companies + combined net worth →

Active

LAURENSON, Mandy Louise→

director · ~53y · appointed 2003-09-01

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2003-08-18 · resigned 2003-09-01

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2003-08-18 · resigned 2003-09-01

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
satisfied	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	10/08/2017	07/12/2022
satisfied	Virgin Money Clydesdale Bank PLC	A registered charge	4 properties	10/08/2017	12/01/2023
satisfied	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	17/07/2017	12/01/2023
satisfied	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	09/10/2013	07/12/2022
satisfied	Shetland Leasing and Property Developments Shetland Leasing and Property Developments Limited	Standard security	2 properties	12/02/2013	13/01/2023
satisfied	Virgin Money Clydesdale Bank PLC	Mortgage of a ship	1 property	12/11/2009	12/01/2023
satisfied	Virgin Money Clydesdale Bank PLC	Mortgage	1 property	18/11/2008	13/01/2023
satisfied	The Trustees of the Shetland Development Trust	Standard security	1 property	07/10/2004	02/03/2016
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	06/10/2004	12/01/2023
satisfied	The Trustees of the Shetland Development Trust	Floating charge	1 property	09/09/2004	11/10/2013
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	22/11/2003	07/12/2022

Recent filings (98 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-04-28

legacy

miscellaneous · RP01PSC01

2026-02-11

replacement-filing-of-director-appointment-with-name

officers · RP01AP01

2026-02-11

legacy

miscellaneous · RP01PSC01

2025-12-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-24

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-16

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-04-30

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2023-09-20

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2023-09-20

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2023-09-20

confirmation-statement-with-updates

confirmation-statement · CS01

2023-09-20

appoint-person-director-company-with-name-date

officers · AP01

2023-09-20

capital-allotment-shares

capital · SH01

2023-09-20