HAPPY HADDOCK SHETLAND LIMITED

🌳Matureactive
SC312198 · ltd · incorporated 2006-11-20
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 19.4y old — refinance window within 12 months
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 Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56103Take-away food shops and mobile food stands
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 19.4y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees500500

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-07-03
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  2. 2025-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-05-01
    🔓
    Charge satisfied #2
  6. 2024-04-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2024-04-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-04-10
    🔓
    Charge satisfied #3
  9. 2024-04-10
    🔓
    Charge satisfied #1
  10. 2023-11-04
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-11-04
    🔓
    Charge satisfied #4
  12. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2015-10-01
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  21. 2015-09-21
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  22. 2007-01-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  23. 2007-01-18
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  24. 2006-11-20
    🏢
    Company incorporated
    As HAPPY HADDOCK SHETLAND LIMITED
  25. 2006-11-20
    ➕
    PARRY, Laurina Kay appointed
    secretary
  26. 2006-11-20
    ➕
    PARRY, Laurina Kay appointed
    director
  27. 2006-11-20
    ➕
    PARRY, William appointed
    director
  28. 2006-11-20
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  29. 2006-11-20
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  30. 2006-11-20
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  31. 2006-11-20
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  32. 2006-11-20
    ➕
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-nominee-director
  33. 2006-11-20
    ➖
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-nominee-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 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • 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

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
NameSharesVoting rightsNature of controlNotified
Laurina Kay Parry
Individual · British · DOB 06/1959 · age 67
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr William Parry
Individual · British · DOB 07/1952 · age 74
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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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
Incorporated2006-11-20
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

61 King Harald Street
Lerwick
Shetland
ZE1 0ER

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20

Officers (3 active · 3 resigned)

PARRY, Laurina Kay→
secretary · appointed 2006-11-20
View their other companies + combined net worth →
Active
PARRY, Laurina Kay→
director · ~67y · appointed 2006-11-20
View their other companies + combined net worth →
Active
PARRY, William→
director · ~74y · appointed 2006-11-20
View their other companies + combined net worth →
Active
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2006-11-20 · resigned 2006-11-20
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2006-11-20 · resigned 2006-11-20
Resigned
PETER TRAINER CORPORATE SERVICES LTD.→
corporate-nominee-director · appointed 2006-11-20 · resigned 2006-11-20
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge1 property01/10/201504/11/2023
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge—21/09/201510/04/2024
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property19/01/200710/04/2024
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property18/01/200701/05/2024

Recent filings (56 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-28
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-10
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-21
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-25