MORE SHELLFISH LIMITED

💤Zombieactive

SC331841 · ltd · incorporated 2007-10-03

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 Oct 2024

Net worth

£50.1k

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 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 7.9y

45/100

under pressure

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

· Oldest live charge is 7.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

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

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

39 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 £50,090

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£50k

↑ 33% YoY

Current Assets

£56k

↓ 7.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£46.3k	£31.8k
Current assets	£56.1k	£60.5k
Net assets	£50.1k	£37.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-04-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-12
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-02-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-06-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-05-31
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2018-04-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-26
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-19
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-10-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-10-11
➖
DUNCAN, Louise Ann resigned
director
2007-10-03
🏢
Company incorporated
As MORE SHELLFISH LIMITED
2007-10-03
➕
MORE, Alison Rose appointed
secretary
2007-10-03
➕
MORE, Norman Main appointed
director
2007-10-03
➕
DUNCAN, Louise Ann appointed
director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "MORE" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

88/100

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 64. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Norman Main More Individual · Scottish · DOB 10/1962 · age 64	75–100%	—	75-100% shares	03/10/2016

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
KELPCROFTERS LTD→ SC667748 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
KINGSBURGH FOREST TRUST→ SC227429 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
KJM FISHING LTD→ SC666005 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
LAID WOODLANDS AND LOCHANS LTD.→ SC178828 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
LOCH DUNVEGAN SHELLFISH LIMITED→ SC246565 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
LOCH HOURN SCALLOPS LIMITED→ SC479941 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
M & J INGRAM LTD→ SC521117 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
MACINTYRE FINDON FARMS→ SC065858 · est 1978 · no financials extracted	—	—	—	—	47y	—	—
MIGDALE GROUP LIMITED→ SC105107 · est 1987 · no financials extracted	—	—	—	—	38y	—	—
MOROV LTD→ SC760765 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
NAIRN ENTERPRISES LTD→ SC728470 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
NATURE'S NEST HIGHLAND LTD→ SC817208 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2007-10-03

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Brigside

St Aethans, Burghead

Elgin

Moray

IV30 5UP

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-10-17

Last: 2025-10-03

Officers (2 active · 1 resigned)

MORE, Alison Rose→

secretary · appointed 2007-10-03

View their other companies + combined net worth →

Active

MORE, Norman Main→

director · ~64y · appointed 2007-10-03

View their other companies + combined net worth →

Active

DUNCAN, Louise Ann→

director · ~61y · appointed 2007-10-03 · resigned 2007-10-11

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 Royal Bank of Scotland PLC	A registered charge	—	31/05/2018	—

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