EAST NEUK SHELLFISH LIMITED

🌳Matureactive
SC393172 · ltd · incorporated 2011-02-09
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.4y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 47230
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 65/100. 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

5 live charges · 2 lenders · oldest 14.4y

70/100
ready

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

  • · Oldest live charge is 14.4 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
82
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
—
£0£0£0£0£0£0Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Average employees19001900

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
3
filings
  • • 1 confirmation-statement
  • • 1 accounts
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-02-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2026-02-09
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  4. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-05-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-05-09
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  9. 2023-05-09
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  10. 2023-05-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2023-04-19
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Virgin Money)
  12. 2023-03-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2016-09-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2014-11-01
    ➖
    MURRAY DONALD LLP resigned
    corporate-secretary
  21. 2014-11-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  22. 2014-10-07
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  23. 2014-02-05
    ➕
    REGULEZ, Natalia appointed
    director
  24. 2014-02-05
    ➖
    GOMEZ, Santiago Abecia resigned
    director
  25. 2012-02-27
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  26. 2011-05-24
    ➕
    GOMEZ, Santiago Abecia appointed
    director
  27. 2011-04-27
    ➕
    MARTINEZ, Ronan Daniel appointed
    director
  28. 2011-04-27
    ➖
    LANG, Alistair James resigned
    director
  29. 2011-02-09
    🏢
    Company incorporated
    As EAST NEUK SHELLFISH LIMITED
  30. 2011-02-09
    ➕
    MURRAY DONALD LLP appointed
    corporate-secretary
  31. 2011-02-09
    ➕
    LANG, Alistair James appointed
    director

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

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 15 years.
  • secondaryStable-but-static management: Company is 15 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
5 live charges
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Natalia Regulez
Individual · Spanish · DOB 11/1972 · age 54
25–50%
—25-50% shares06/04/2016
Mr Ronan Daniel Martinez
Individual · British · DOB 10/1978 · age 48
25–50%
—25-50% shares06/04/2016

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

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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
Incorporated2011-02-09
Jurisdictionscotland
Primary SIC47230 — SIC 47230

Registered office

Kinburn Castle
Double Dykes Road
St Andrews
Fife
KY16 9DR

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-02-21
Last: 2026-02-07

Officers (2 active · 4 resigned)

MARTINEZ, Ronan Daniel→
director · ~48y · appointed 2011-04-27
View their other companies + combined net worth →
Active
REGULEZ, Natalia→
director · ~54y · appointed 2014-02-05
View their other companies + combined net worth →
Active
MURRAY DONALD LLP→
corporate-secretary · appointed 2011-02-09 · resigned 2014-11-01
Resigned
THORNTONS LAW LLP→
corporate-secretary · appointed 2014-11-01 · resigned 2026-02-09
Resigned
GOMEZ, Santiago Abecia→
director · ~82y · appointed 2011-05-24 · resigned 2014-02-05
Resigned
LANG, Alistair James→
director · ~53y · appointed 2011-02-09 · resigned 2011-04-27
Resigned

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

Mortgages & charges

5
Total charges
5
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge—09/05/2023—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge5 properties09/05/2023—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money)
A registered charge1 property19/04/2023—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property07/10/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property27/02/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-02
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-09