SEASPRAY (SHETLAND) LIMITED

🌳Matureactive

SC327493 · ltd · incorporated 2007-07-10

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.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 11.8y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

80/100

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

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 11.8y

50/100

clean up first

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

· Oldest live charge is 11.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

11 officers (5 active, 11 linked, 9 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

71 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.

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 · FRS 102

Metric	2025-05-31	2024-05-31
Average employees	8	900

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

filing

• 1 confirmation-statement

Last 90 days

filings

• 3 persons-with-significant-control
• 1 confirmation-statement

Last 180 days

filings

• 3 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2026-05-13
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2026-05-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-25
📄
change-person-director-company-with-change-date
officers · CH01
2024-10-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-02
➕
MACDOUGALL, Gayle Louise appointed
director
2023-10-02
➕
MACDOUGALL, Ross appointed
director
2023-10-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-26
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-10-26
🔓
Charge satisfied #1
2018-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-10-14
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2016-09-22
➖
STEINBACH, Csaba resigned
director
2016-09-22
➖
WILLIAMSON, Arlene Elizabeth resigned
director
2016-09-22
➖
WILLIAMSON, Robert resigned
director
2014-09-09
🔒
Charge registered #1
Lender: Grant Cumming
2014-08-18
➕
JOHNSON, Julia Christine appointed
secretary
2014-08-18
➕
JOHNSON, Gordon appointed
director
2014-08-18
➕
JOHNSON, Julia Christine appointed
director
2014-08-18
➖
TAIT, Joy Elizabeth resigned
secretary
2014-08-18
➕
STEINBACH, Csaba appointed
director
2014-08-18
➖
TAIT, James Brian resigned
director
2014-08-18
➖
TAIT, Joy Elizabeth resigned
director
2014-08-18
➕
WILLIAMSON, Arlene Elizabeth appointed
director
2014-08-18
➕
WILLIAMSON, Robert appointed
director
2007-07-10
🏢
Company incorporated
As SEASPRAY (SHETLAND) LIMITED
2007-07-10
➕
TAIT, Joy Elizabeth appointed
secretary
2007-07-10
➕
TAIT, James Brian appointed
director
2007-07-10
➕
TAIT, Joy Elizabeth appointed
director

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

65/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

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

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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

Incorporated2007-07-10

Jurisdictionscotland

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

Registered office

Da Taing

Trondra

Scalloway

Shetland

ZE1 0XL

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-06-08

Last: 2026-05-25