SKYE SHELLFISH CO LTD

🌳Matureactive

SC304449 · ltd · incorporated 2006-06-23

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 19.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

£1.57M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 66). 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 19.1y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 19.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (70/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

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

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

49 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 · FRS 105 (micro)

Positive net assets

Net assets £1,567,800

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£1.6m

Current Assets

£371k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-09-30
Total assets	£1.58M
Current assets	£371.4k
Net assets	£1.57M

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

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-02-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-07-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-03-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-08-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-29
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-03-05
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2006-06-23
🏢
Company incorporated
As SKYE SHELLFISH CO LTD
2006-06-23
➕
MCWHINNEY, Catriona appointed
secretary
2006-06-23
➕
MCWHINNEY, Catriona appointed
director
2006-06-23
➕
MCWHINNEY, Simon appointed
director

Owner dependency

91/100

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.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 20 years.
secondaryStable-but-static management: Company is 20 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
Mrs Catriona Mcwhinney Individual · British · DOB 10/1960 · age 66	25–50%	—	25-50% shares	06/04/2016
Mr Simon Mcwhinney Individual · British · DOB 10/1965 · age 61	25–50%	—	25-50% shares	06/04/2016

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

Similar companies

Active · Agriculture · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SMALLBURN FARMS LIMITED→ SC099667 · est 1986 · no financials extracted	—	—	—	—	39y	—	—
SMIR SCOTLAND LIMITED→ SC553111 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
SMM FISHING LTD→ SC609929 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
SPEY FISHING TRUST LIMITED→ SC047641 · est 1970 · no financials extracted	—	—	—	—	55y	—	—
SPINDRIFT (SKYE) LIMITED→ SC289392 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
SPYNIE FARMERS LIMITED→ SC113051 · est 1988 · no financials extracted	—	—	—	—	37y	—	—
STRATHNAIRN COMMUNITY WOODLANDS→ SC228026 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
SUTHERLAND COMMUNITY SEAWEED CIC→ SC870173 · est 2025 · no financials extracted	—	—	—	—	—	—	—
TARTAN TIMBER HARVESTING LTD→ SC849444 · est 2025 · no financials extracted	—	—	—	—	—	—	—
THE KYLESKU CROFTERS TRUST LIMITED→ SC212413 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
THE LINKS HOUSE (OYKEL FISHINGS) LIMITED→ SC518540 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
THE OYSTER RESTORATION COMPANY LIMITED→ SC720889 · est 2022 · no financials extracted	—	—	—	—	4y	—	—

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

Incorporated2006-06-23

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Longa 4 Shullishader

Viewfield Road

Portree

Isle Of Skye

IV51 9ES

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2026-07-07

Last: 2025-06-23

Officers (3 active · 0 resigned)

MCWHINNEY, Catriona→

secretary · appointed 2006-06-23

View their other companies + combined net worth →

Active

MCWHINNEY, Catriona→

director · ~66y · appointed 2006-06-23

View their other companies + combined net worth →

Active

MCWHINNEY, Simon→

director · ~61y · appointed 2006-06-23

View their other companies + combined net worth →

Active

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	05/03/2007	—

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