GMK FISHING LIMITED
Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 12.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 1 | 100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 accounts
- • 1 accounts
Corporate timeline (28 events)Click to expand
- 2026-02-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-07📄mortgage-create-with-deedmortgage · MR01
- 2025-04-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-10🔒Charge registered #4Lender: S & B Fish (Agency) Limited
- 2025-04-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-31🔒Charge registered #3Lender: S & B Fish (Agency) Limited
- 2025-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-18🔓Charge satisfied #2
- 2024-09-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-17🔓Charge satisfied #1
- 2024-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-07-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-30📄gazette-notice-compulsorygazette · GAZ1
- 2021-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-06📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-06📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-03📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-07-04🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2013-11-11🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2011-01-05➕MACKINNON, Diane appointedsecretary
- 2010-10-21➖MCPARTLAND, Charles George resignedsecretary
- 2008-03-29🏢Company incorporatedAs GMK FISHING LIMITED
- 2008-03-29➕MACKINNON, Gary appointeddirector
- 2008-03-29➕MCPARTLAND, Charles George appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-12
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Garry Mackinnon Individual · United Kingdom · DOB 12/1970 · age 56 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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9 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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | S & B Fish (Agency) S & B Fish (Agency) Limited | A registered charge | 1 property | 10/04/2025 | — | |
| outstanding | S & B Fish (Agency) S & B Fish (Agency) Limited | A registered charge | 1 property | 31/03/2025 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 04/07/2016 | 18/09/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 11/11/2013 | 17/09/2024 |