SHETLAND'S FINEST LTD

🌳Matureactive
SC374523 · ltd · incorporated 2010-03-10
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 12.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£423.0k
book net assets
Opportunity
77/100
Strong
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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
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 12.4y

85/100
ready

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

  • · Oldest live charge is 12.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
49 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 £423,041
Cash YoY
+5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£793k
↑ 5.1% YoY
Net Worth
£423k
↑ 16% YoY
Current Assets
£2.3m
↑ 5.8% YoY
Current Liabilities
—
£0£450k£900k£1.4m£1.8m£2.3mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£423.0k£364.6k
Current assets£2.25M£2.13M
Cash£793.2k£755.0k
Debtors£1.46M£1.37M
Net assets£423.0k£364.6k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-28
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  3. 2025-01-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-01-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2024-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-25
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  7. 2024-03-22
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2024-03-22
    📄
    capital-allotment-shares
    capital · SH01
  9. 2024-02-28
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  10. 2024-02-01
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  11. 2024-02-01
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-09-27
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  15. 2022-09-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2022-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2022-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2021-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2021-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-08-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2021-04-01
    ➕
    MACPHERSON, Rhoda Rebekah appointed
    director
  22. 2014-01-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2010-03-10
    🏢
    Company incorporated
    As SHETLAND'S FINEST LTD
  24. 2010-03-10
    ➕
    MACPHERSON, Alasdair Duncan appointed
    director

Owner dependency

81/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Rhoda Rebekah Macpherson
Individual · British · DOB 07/1981 · age 45
25–50%
25–50%25-50% shares · 25-50% voting01/04/2021
Mr Alasdair Duncan Macpherson
Individual · British · DOB 06/1977 · age 49
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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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———5008y7960y
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———110010y7971y
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SC028516 · est 1951 · no financials extracted
————74y7862y
JOHN TULLOCH (SHETLAND PRODUCTS) LIMITED→
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——£1.58M—77y7863y
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——£3.52M—21y7754y
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——£2.93M—24y7756y
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——£402.2k—16y7549y
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——£2—24y7553y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2010-03-10
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

4 Culsetter Park
Brae
Shetland
ZE2 9WL
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (2 active · 0 resigned)

MACPHERSON, Alasdair Duncan→
director · ~49y · appointed 2010-03-10
View their other companies + combined net worth →
Active
MACPHERSON, Rhoda Rebekah→
director · ~45y · appointed 2021-04-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property16/01/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-28
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-01-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-01-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-20
second-filing-capital-allotment-shares
capital · RP04SH01
2024-03-25
resolution
resolution · RESOLUTIONS
2024-03-22
capital-allotment-shares
capital · SH01
2024-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-05
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-02-28
certificate-change-of-name-company
change-of-name · CERTNM
2024-02-01
resolution
resolution · RESOLUTIONS
2024-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-05