BLUE LAGOON (FISH AND CHIP SHOPS) LTD.

🌳Matureactive

SC365030 · ltd · incorporated 2009-09-03

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 10.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Take-away food shops and mobile food stands

Sector: Accommodation & food service

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 10.3y

70/100

ready

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

· Oldest live charge is 10.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

8 officers (5 active, 8 linked, 6 with DOB)

Ownership & PSC

4 active PSC(s) of 4 total, 4 with control declared

Director network

3 connected companies via shared directors

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

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	2025-03-31	2024-03-31

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (36 events)Click to expand

2025-12-15
📄
accounts-with-accounts-type-medium
accounts · AA
2025-03-31
📄
accounts-with-accounts-type-medium
accounts · AA
2023-08-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-06
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-07-05
🔒
Charge registered #6
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2022-07-05
🔒
Charge registered #5
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2022-04-15
📄
change-person-director-company-with-change-date
officers · CH01
2022-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-10
➕
VARESE, Gianluca appointed
director
2021-09-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-06-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-05-31
➖
VARESE, Gianluca resigned
director
2021-05-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-05-07
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-05-07
🔒
Charge registered #3
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-05-07
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-01-28
📄
change-person-director-company-with-change-date
officers · CH01
2021-01-28
📄
change-person-secretary-company-with-change-date
officers · CH03
2021-01-28
📄
change-person-director-company-with-change-date
officers · CH01
2020-12-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-12-22
🔒
Charge registered #1
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2014-08-31
➕
VARESE, Gianluca appointed
director
2013-03-31
➕
VARESE, Alessandro appointed
director
2009-09-03
🏢
Company incorporated
As BLUE LAGOON (FISH AND CHIP SHOPS) LTD.
2009-09-03
➕
VARESE, Simone appointed
secretary
2009-09-03
➕
VARESE, Angelo appointed
director
2009-09-03
➕
VARESE, Simone appointed
director
2009-09-03
➕
BRIAN REID LTD. appointed
corporate-secretary
2009-09-03
➖
BRIAN REID LTD. resigned
corporate-secretary
2009-09-03
➕
MABBOTT, Stephen George appointed
director
2009-09-03
➖
MABBOTT, Stephen George resigned
director

Owner dependency

73/100

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.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

33/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

primaryFamily succession underway: Not a takeover target — VARESE, Gianluca (same surname) appointed 2021-09-10. Pattern consistent with intra-family handover.
primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 17 years.
secondaryStable-but-static management: Company is 17 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 low

6 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

4 active beneficial owners · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Mr Alessandro Varese Individual · British · DOB 03/1992 · age 34	—	—	sig. influencesignificant influence	06/04/2016
Mr Gianluca Varese Individual · British · DOB 04/1995 · age 31	—	—	sig. influencesignificant influence	06/04/2016
Mr Angelo Varese Individual · British · DOB 11/1959 · age 67	—	—	sig. influencesignificant influence	06/04/2016
Mr Simone Varese Individual · British · DOB 07/1988 · age 38	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

Active · Hospitality · G postcode area

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BEIRUT SKY LIMITED→ SC566048 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
BELL 49 LTD→ SC787999 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BENVIEW COFFEE SHOP LIMITED→ SC529494 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
BG 555 LIMITED→ SC493928 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BISLEY CATERING LIMITED→ SC448249 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
BLACKFRIARS STREET (GLASGOW) LTD→ SC882827 · est 2026 · no financials extracted	—	—	—	—	—	—	—
BLANC EVENTS LTD→ SC744412 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
BLANTYRE CIBO LTD→ SC848322 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BLASCO LTD→ SC771710 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BLUDAN LIMITED→ SC611533 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
BLUE JEAN BABY LTD→ SC796489 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BLUE LIGHT COFFEE CIC→ SC839037 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2009-09-03

Jurisdictionscotland

Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

208 Argyle Street

Glasgow

G2 8HA

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-29

Last: 2025-08-15