SHETLAND DIVING SERVICES LIMITED

💤Zombieactive
SC343512 · ltd · incorporated 2008-05-28
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 Apr 2025
Net worth
£26.9k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 43). 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 (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.8y

30/100
under pressure

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

  • · Oldest live charge is 17.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
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 £26,923
Net assets shrinking
Down £10,616 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£21k
~ YoY
Net Worth
£27k
↓ 28% YoY
Current Assets
£60k
↓ 8.6% YoY
Current Liabilities
—
£0£13k£26k£39k£52k£66kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£26.9k£37.5k
Current assets£60.0k£65.6k
Cash£20.7k£20.7k
Debtors£39.3k£45.0k
Net assets£26.9k£37.5k

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-05-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2020-09-08
    🔓
    Charge satisfied #2
  12. 2020-08-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2020-08-28
    🔓
    Charge satisfied #1
  14. 2020-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-01-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-01-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2016-12-29
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  19. 2016-07-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2013-07-05
    ➖
    EUNSON, James Magnus resigned
    director
  21. 2008-07-21
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  22. 2008-05-28
    🏢
    Company incorporated
    As SHETLAND DIVING SERVICES LIMITED
  23. 2008-05-28
    ➕
    JAMIESON, Matthew Peter appointed
    director
  24. 2008-05-28
    ➕
    EUNSON, James Magnus appointed
    director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

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

SIGNALS
  • 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.
  • 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%
NameSharesVoting rightsNature of controlNotified
Matthew Peter Jamieson
Individual · British · DOB 05/1983 · age 43
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Incorporated2008-05-28
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

Tagon Farm Tagon
Voe
Shetland
ZE2 9PT
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-06-11
Last: 2025-05-28

Officers (1 active · 1 resigned)

JAMIESON, Matthew Peter→
director · ~43y · appointed 2008-05-28
View their other companies + combined net worth →
Active
EUNSON, James Magnus→
director · ~47y · appointed 2008-05-28 · resigned 2013-07-05
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property29/12/201608/09/2020
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property21/07/200828/08/2020

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-31
change-person-director-company-with-change-date
officers · CH01
2024-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-25
mortgage-satisfy-charge-full
mortgage · MR04
2020-09-08