HUNTER SHELLFISH LTD.

🌳Matureactive

SC275758 · ltd · incorporated 2004-11-08

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 Dec 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 03210

Sector: Agriculture, forestry & fishing

Investor take

Pursue

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

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (79/100)

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

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

63 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

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Average employees	300	300

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-07-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-04-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-11-09
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-11-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-11-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2006-05-24
➖
HUNTER, Joe Frank resigned
director
2004-12-06
➕
HUNTER, Adam John appointed
secretary
2004-12-06
➕
HUNTER, Adam John appointed
director
2004-12-06
➕
HUNTER, Derek Halcrow appointed
director
2004-12-06
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2004-12-06
➕
HUNTER, Joe Frank appointed
director
2004-12-06
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director
2004-11-08
🏢
Company incorporated
As HUNTER SHELLFISH LTD.
2004-11-08
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2004-11-08
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director

Owner dependency

99/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "HUNTER" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

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.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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
Mr Adam John Hunter Individual · British · DOB 02/1967 · age 59	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	06/04/2016
Mr Derek Halcrow Hunter Individual · British · DOB 06/1973 · age 53	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	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 · 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
BLUESHELL MUSSELS LIMITED→ SC254395 · est 2003	—	—	£16.08M	—	22y	80	58y
COLLAFIRTH SEAFARMS LIMITED→ SC335991 · est 2008	—	—	—	—	18y	80	70y

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

Incorporated2004-11-08

Jurisdictionscotland

Primary SIC03210 — SIC 03210

Registered office

Scatsta

Brae

Shetland

ZE2 9QP

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-22

Last: 2025-11-08

Officers (3 active · 3 resigned)

HUNTER, Adam John→

secretary · appointed 2004-12-06

View their other companies + combined net worth →

Active

HUNTER, Adam John→

director · ~59y · appointed 2004-12-06

View their other companies + combined net worth →

Active

HUNTER, Derek Halcrow→

director · ~53y · appointed 2004-12-06

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2004-11-08 · resigned 2004-12-06

Resigned

HUNTER, Joe Frank→

director · ~57y · appointed 2004-12-06 · resigned 2006-05-24

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2004-11-08 · resigned 2004-12-06

Resigned

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