SHETLAND MARINE LIMITED

🌳Matureactive
SC398706 · ltd · incorporated 2011-05-03
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 13.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 13.2y

85/100
ready

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

  • · Oldest live charge is 13.2 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
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees3300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2022-06-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2022-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-06-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-06-01
    ➖
    LEASK, David Joseph resigned
    director
  10. 2022-04-22
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  11. 2021-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-05-05
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2020-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2017-07-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2013-03-06
    🔒
    Charge registered #1
    Lender: Shetland Aquaculture Trust
  18. 2011-05-06
    ➕
    JOHNSON, Angus appointed
    director
  19. 2011-05-06
    ➕
    JOHNSON, Ivor Gilbert appointed
    director
  20. 2011-05-06
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-secretary
  21. 2011-05-06
    ➕
    LEASK, David Joseph appointed
    director
  22. 2011-05-06
    ➖
    MUNRO, Donald John resigned
    director
  23. 2011-05-06
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-director
  24. 2011-05-03
    🏢
    Company incorporated
    As SHETLAND MARINE LIMITED
  25. 2011-05-03
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-secretary
  26. 2011-05-03
    ➕
    MUNRO, Donald John appointed
    director
  27. 2011-05-03
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

91/100
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 15 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • 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

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
Mr Angus Johnson
Individual · British · DOB 12/1956 · age 70
——sig. influencesignificant influence22/04/2022
Mr Ivor Gilbert Johnson
Individual · British · DOB 05/1967 · age 59
——sig. influencesignificant influence22/04/2022
1 historic (ceased) PSC
  • Mr David Joseph Leaskceased 01/06/2022· significant influence

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 · Agriculture · ZE postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
RESEARCH FISHING CO. LIMITED→
SC103453 · est 1987
£15.65M
£12.04M–£19.26M
——039y8187y
CHARISMA HOLDING COMPANY LIMITED→
SC207704 · est 2000
£14.85M
£11.42M–£18.28M
——025y8075y
GRONIDAAL ORGANIC SMOLTS LTD.→
SC307638 · est 2006
——£396.2k—19y8382y
UNST SHELLFISH LTD.→
SC326121 · est 2007
——£180.6k—18y8361y
C & A THOMASON LTD.→
SC197920 · est 1999
——£217.5k—26y8288y
GUIDING LIGHT FISHING COMPANY LIMITED→
SC339799 · est 2008
———218y8258y
SHETLAND SEAFOOD AUCTIONS LIMITED→
SC190378 · est 1998
——£408.2k—27y8262y
TINGWALL LIVESTOCK LIMITED→
SC285843 · est 2005
——£247.4k—20y8275y
ANDERSON BROS (VOE) LTD.→
SC246814 · est 2003
——£220.2k—23y8064y
BLUESHELL MUSSELS LIMITED→
SC254395 · est 2003
——£16.08M—22y8058y
COLLAFIRTH SEAFARMS LIMITED→
SC335991 · est 2008
————18y8070y
CRIBBA SOUND LTD.→
SC291896 · est 2005
——£113.0k—20y8058y
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
Incorporated2011-05-03
Jurisdictionscotland
Primary SIC03210 — SIC 03210

Registered office

Marine Park
Vidlin
Shetland
ZE2 9QB

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-02-19
Last: 2026-02-05

Officers (2 active · 4 resigned)

JOHNSON, Angus→
director · ~70y · appointed 2011-05-06
View their other companies + combined net worth →
Active
JOHNSON, Ivor Gilbert→
director · ~59y · appointed 2011-05-06
View their other companies + combined net worth →
Active
HMS SECRETARIES LIMITED→
corporate-secretary · appointed 2011-05-03 · resigned 2011-05-06
Resigned
LEASK, David Joseph→
director · ~49y · appointed 2011-05-06 · resigned 2022-06-01
Resigned
MUNRO, Donald John→
director · ~55y · appointed 2011-05-03 · resigned 2011-05-06
Resigned
HMS DIRECTORS LIMITED→
corporate-director · appointed 2011-05-03 · resigned 2011-05-06
Resigned

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
Shetland Aquaculture Trust
Floating charge1 property06/03/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-24
termination-director-company-with-name-termination-date
officers · TM01
2022-06-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-03
certificate-change-of-name-company
change-of-name · CERTNM
2022-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-29