SEAFOOD 60 DEGREES NORTH LTD.

💤Zombieactive

SC256678 · ltd · incorporated 2003-09-27

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 Sept 2025

Net worth

£564.0k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Wholesale of other food, including fish, crustaceans and molluscs

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 22.4y

45/100

under pressure

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

· Oldest live charge is 22.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

53 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 £563,973

Net assets shrinking

Down £12,354 YoY

Cash YoY

-5%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£80k

↓ 5.1% YoY

Net Worth

£564k

↓ 2.1% YoY

Current Assets

£122k

↑ 14% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-09-30	2024-09-30
Total assets	£566.5k	£582.9k
Current assets	£122.1k	£106.6k
Cash	£80.1k	£84.4k
Debtors	£41.7k	£21.3k
Net assets	£564.0k	£576.3k

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

filings

Last 90 days

filings

• 1 accounts
• 1 persons-with-significant-control

Last 180 days

filings

• 1 accounts
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-04-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-04-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2004-01-19
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2003-09-27
🏢
Company incorporated
As SEAFOOD 60 DEGREES NORTH LTD.
2003-09-27
➕
INKSTER, Rebecca Anne appointed
secretary
2003-09-27
➕
INKSTER, John James appointed
director
2003-09-27
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-09-27
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-09-27
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-09-27
➖
STEPHEN MABBOTT LTD. resigned
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 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — 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 59. 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 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

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

Name	Shares	Voting rights	Nature of control	Notified
John James Inkster Individual · British · DOB 03/1967 · age 59	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Rebecca Anne Inkster Individual · British · DOB 10/1965 · age 61	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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 · Wholesale & distribution · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEASPRAY (SHETLAND) LIMITED→ SC327493 · est 2007	—	—	—	8	18y	80	70y
SHETLAND FISH LIMITED→ SC590848 · est 2018	—	—	—	500	8y	79	60y
SIMPSON FISH LIMITED→ SC531381 · est 2016	—	—	—	1100	10y	79	71y
JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED→ SC028516 · est 1951 · no financials extracted	—	—	—	—	74y	78	62y
JOHN TULLOCH (SHETLAND PRODUCTS) LIMITED→ SC026382 · est 1948	—	—	£1.58M	—	77y	78	63y
L WILLIAMSON LIMITED→ SC274059 · est 2004	—	—	£3.52M	—	21y	77	54y
R S HENDERSON LIMITED→ SC228534 · est 2002	—	—	£2.93M	—	24y	77	56y
SHETLAND'S FINEST LTD→ SC374523 · est 2010	—	—	£423.0k	—	16y	77	49y
AM MARKETING LIMITED→ SC361755 · est 2009	—	—	£402.2k	—	16y	75	49y
SHOWA (UK) LIMITED→ SC220010 · est 2001	—	—	£2	—	24y	75	53y
QA WINDOWS LIMITED→ SC438024 · est 2012	—	—	—	100	13y	74	48y
REARO SUPPLIES LIMITED→ SC061616 · est 1977	—	—	£1.60M	—	49y	73	59y

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

Incorporated2003-09-27

Jurisdictionscotland

Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

Blaisdon Ocraquoy

Cunningsburgh

Shetland

ZE2 9HA

Scotland

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-10-11

Last: 2025-09-27

Officers (2 active · 2 resigned)

INKSTER, Rebecca Anne→

secretary · appointed 2003-09-27

View their other companies + combined net worth →

Active

INKSTER, John James→

director · ~59y · appointed 2003-09-27

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-09-27 · resigned 2003-09-27

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-09-27 · resigned 2003-09-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	19/01/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (53 total)

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

accounts · AA

2026-04-06

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

persons-with-significant-control · PSC04

2026-03-26