MACDUFF SHELLFISH GROUP LIMITED
🌳Matureactive
SC395537 · ltd · incorporated 2011-03-15
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.
Why now
Window closing · high confidence
Getting harder to buy cheaply — 3 signals strengthening over the last 30 days.
- · Opportunity score: 51 → 69
- · Hygiene score: 15 → 75
- · Bankability: 47 → 77
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
- · 3 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days
Picture improved over the last 30 days — 3 positive signals vs 0 negative.
- ↑Opportunity score: 51 → 69
- ↑Hygiene score: 15 → 75
- ↑Bankability: 47 → 77
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
—
not disclosed
Net worth
—
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: refinance and hold (40/100).
🏦
Refinance opportunity
15 live charges · 7 lenders · oldest 13.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 13.4 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
36 officers (5 active, 36 linked, 29 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
169 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
4
filings
- • 2 gazette
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
4
filings
- • 2 gazette
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (121 events)Click to expand
- 2026-04-23📄accounts-with-accounts-type-fullaccounts · AA
- 2026-03-07📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-03-03📄gazette-notice-compulsorygazette · GAZ1
- 2025-07-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-31📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-31🔓Charge satisfied #15
- 2025-07-31🔓Charge satisfied #13
- 2025-07-31🔓Charge satisfied #12
- 2025-07-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-07-25📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2025-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-24➕BRODIES SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2025-07-24➕BOUZIANE, Mohamed appointeddirector
- 2025-07-24➕BUSQUET, Gregory appointeddirector
- 2025-07-24➕LEIPER, David William appointeddirector
- 2025-07-24➕SMITH, Andrew David appointeddirector
- 2025-07-24➖HENNEBERRY, Nicole Rachel resigneddirector
- 2025-07-24➖KELLY, Telaina resigneddirector
- 2025-07-24➖MITCHELITIS, Shaun Francis resigneddirector
- 2025-06-20📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-06-20📄legacyaccounts · PARENT_ACC
- 2025-06-20📄legacyother · GUARANTEE2
- 2025-06-20📄legacyother · AGREEMENT2
- 2025-04-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09➖BROWN, Andrew Donald, Dr resigneddirector
- 2025-02-27📄change-person-director-company-with-change-dateofficers · CH01
- 2024-11-21➖STRACHAN, Vincent James resigneddirector
- 2024-10-09➖PINSENT MASONS SECRETARIAL LIMITED resignedcorporate-secretary
- 2024-07-12➖BERGMAN, Darryl Andrew resigneddirector
- 2024-07-12➕HENNEBERRY, Nicole Rachel appointeddirector
- 2024-03-26🔒Charge registered #15Lender: Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
- 2024-03-26🔓Charge satisfied #14
- 2022-06-01➕BERGMAN, Darryl Andrew appointeddirector
- 2022-05-31➖FORTNEY, Teresa Helen Joyce resigneddirector
- 2022-01-25➕BROWN, Andrew Donald, Dr appointeddirector
- 2022-01-25➕FORTNEY, Teresa Helen Joyce appointeddirector
- 2022-01-25➖KALUTYCZ, William Dion resigneddirector
- 2022-01-25➕KELLY, Telaina appointeddirector
- 2022-01-25➖MCINTYRE, Michael George resigneddirector
- 2022-01-25➕MITCHELITIS, Shaun Francis appointeddirector
- 2022-01-25➕STRACHAN, Vincent James appointeddirector
Showing most recent 50 of 121 events
Owner dependency
40/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
2 med ·3 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: HENNEBERRY, Nicole Rachel resigned 2025-07-24; KELLY, Telaina resigned 2025-07-24; MITCHELITIS, Shaun Francis resigned 2025-07-24
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Seafood Ecosse Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Seafood Ecosse Limited
Corporate parent · holds 75-100% shares · board control
⬇
MACDUFF SHELLFISH GROUP LIMITED
This company · SC395537
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Seafood Ecosse Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 24/07/2025 |
1 historic (ceased) PSC
- Clearwater Bidco Limitedceased 24/07/2025· 75-100% shares · 75-100% voting · board control
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 · Food & drink · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KEPAK GROUP LIMITED→ SC440783 · est 2013 | £32.76M £24.14M–£41.39M | £648.38M | — | 147800 | 13y | 89 | 75y |
| THISTLE SEAFOODS LIMITED→ SC223362 · est 2001 | £20.49M £15.10M–£25.88M | £161.38M | — | 58800 | 24y | 80 | 60y |
| EAST COAST VINERS GRAIN (DRUMLITHIE) LIMITED→ SC465482 · est 2013 | £10.04M £7.40M–£12.68M | £55.24M | — | 6600 | 12y | 95 | 79y |
| MACKIE'S LIMITED→ SC030096 · est 1954 | £8.51M £6.27M–£10.75M | — | — | 115 | 71y | 84 | 62y |
| STRATHCLYDE NUTRITION LTD.→ SC198829 · est 1999 | £5.68M £4.18M–£7.17M | — | — | 1 | 26y | 80 | 55y |
| WILLIAM GRANT & SONS LIMITED→ SC131772 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 67y |
| COLIN FRASER LIMITED→ SC236839 · est 2002 | — | — | £690.5k | — | 23y | 82 | 65y |
| GRANITE CITY FISH LIMITED→ SC130588 · est 1991 | — | — | £327.0k | — | 35y | 82 | 66y |
| GT SEAFOODS LIMITED→ SC241817 · est 2003 | — | — | £2.21M | — | 23y | 82 | 62y |
| HOME BAKERY (BUCKIE) LIMITED→ SC104797 · est 1987 | — | — | — | 2600 | 39y | 82 | 75y |
| J H MILNE (PETERHEAD) LIMITED→ SC181790 · est 1997 | — | — | £723.9k | — | 28y | 82 | 75y |
| J.G. ROSS (BAKERS) LIMITED→ SC062889 · est 1977 | — | — | £3.22M | — | 48y | 82 | 64y |
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
Incorporated2011-03-15
Jurisdictionscotland
Primary SIC10200 — SIC 10200
Registered office
Brodies House
31-33 Union Grove
Aberdeen
AB10 6SD
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-17
Last: 2026-04-03
Officers (5 active · 31 resigned)
BRODIES SECRETARIAL SERVICES LIMITED→
Activecorporate-secretary · appointed 2025-07-24
View their other companies + combined net worth →
BOUZIANE, Mohamed→
Activedirector · ~40y · appointed 2025-07-24
View their other companies + combined net worth →
BUSQUET, Gregory→
Activedirector · ~47y · appointed 2025-07-24
View their other companies + combined net worth →
LEIPER, David William→
Activedirector · ~50y · appointed 2025-07-24
View their other companies + combined net worth →
SMITH, Andrew David→
Activedirector · ~36y · appointed 2025-07-24
View their other companies + combined net worth →
LESLIE, Derek Cameron→
Resignedsecretary · appointed 2015-07-29 · resigned 2015-10-30
WOOD, Andrew→
Resignedsecretary · appointed 2011-03-21 · resigned 2015-07-29
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2011-03-15 · resigned 2011-03-21
PINSENT MASONS SECRETARIAL LIMITED→
Resignedcorporate-secretary · appointed 2015-10-30 · resigned 2024-10-09
BEATON, Euan Drummond→
Resigneddirector · ~55y · appointed 2011-04-15 · resigned 2018-04-30
BEATON, Fergus Coulter→
Resigneddirector · ~53y · appointed 2011-04-15 · resigned 2015-10-30
BEATON, Paul Drummond→
Resigneddirector · ~58y · appointed 2011-04-15 · resigned 2015-10-30
BERGMAN, Darryl Andrew→
Resigneddirector · ~62y · appointed 2022-06-01 · resigned 2024-07-12
BROWN, Andrew Donald, Dr→
Resigneddirector · ~60y · appointed 2022-01-25 · resigned 2025-04-09
BROWN, Andrew Donald, Dr→
Resigneddirector · ~60y · appointed 2020-04-21 · resigned 2021-01-25
CARGO, Janice Tanya→
Resigneddirector · ~50y · appointed 2011-04-15 · resigned 2015-10-30
CUNNINGHAM, Roy Macgregor→
Resigneddirector · ~60y · appointed 2015-10-30 · resigned 2020-01-31
FORTNEY, Teresa Helen Joyce→
Resigneddirector · ~63y · appointed 2022-01-25 · resigned 2022-05-31
FORTNEY, Teresa Helen Joyce→
Resigneddirector · ~63y · appointed 2016-06-29 · resigned 2021-01-25
GRAY, Nicholas→
Resigneddirector · ~56y · appointed 2018-05-03 · resigned 2020-01-16
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
0
Outstanding
0
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01) | A registered charge | — | 26/03/2024 | 31/07/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 26/03/2024 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 31/07/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 13/08/2021 | 31/07/2025 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Bank of Montreal as Agent and Security Trustee for the Secured Parties Under the Credit Agreement and the Security Trust Deed as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01. | A registered charge | — | 26/01/2021 | 02/10/2021 | |
| satisfied | Wells Fargo Bank, N.A., Canadian Branch and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 30/08/2016 | 16/02/2021 | |
| satisfied | Wells Fargo Bank, N.A., Canadian Branch and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 30/08/2016 | 16/02/2021 | |
| satisfied | Wells Fargo Bank, N.A., Canadian Branch and Its Successors in Title, Permitted Assignees and Permitted Transferees | A registered charge | — | 30/08/2016 | 16/02/2021 | |
| satisfied | Ge Canada Finance Holding Company and Its Successors in Title, Permitted Assigns and Permitted Transferees | A registered charge | — | 30/11/2015 | 11/02/2021 | |
| satisfied | Ge Canada Finance Holding Company and Its Successors in Title, Permitted Assigns and Permitted Transferees | A registered charge | — | 30/11/2015 | 11/02/2021 | |
| satisfied | Ge Canada Finance Holding Company as Agent | A registered charge | — | 27/11/2015 | 11/02/2021 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Bond & floating charge | 1 property | 21/12/2012 | 04/11/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 21/12/2012 | 04/11/2015 |
Recent filings (169 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-24
accounts-with-accounts-type-full
accounts · AA
2026-04-23
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-07
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-07-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-25
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25
termination-director-company-with-name-termination-date
officers · TM01
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25
appoint-person-director-company-with-name-date
officers · AP01
2025-07-25