NORTH WESTERN TRAWLERS LIMITED

💤Zombieactive

SC421146 · ltd · incorporated 2012-04-04

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

63/100

Worth a look

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

ALSO REGISTERED FOR

93290Other amusement and recreation activities n.e.c.

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · oldest 9.4y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 9.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

63/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review 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 · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	—	£-115.0k
Current assets	—	£2.1k
Net assets	—	£-115.0k
Average employees	0	—

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

filing

• 1 officers

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-04-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-20
🔓
Charge satisfied #1
2022-12-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-07
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-07
🔓
Charge satisfied #5
2021-02-07
🔓
Charge satisfied #4
2021-01-27
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-01-27
🔓
Charge satisfied #2
2020-05-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-01-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-01-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-29
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2018-04-05
➕
FARRELL, Katy Hannah appointed
secretary
2018-04-02
🔒
Charge registered #5
Lender: Bank of Scotland PLC
2018-04-02
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2017-08-21
🔓
Charge satisfied #3
2016-12-14
🔒
Charge registered #3
Lender: Bank of Scotland PLC
2016-12-14
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2016-11-29
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2012-04-04
🏢
Company incorporated
As NORTH WESTERN TRAWLERS LIMITED
2012-04-04
➕
FARRELL, Jonathan appointed
director

Owner dependency

80/100

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

+Sole director: Only one active director — all governance concentrated on one person.
+No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

53/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 14 years.

Red flags

1 high · 1 med ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-18

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Jonathan Farrell Individual · British · DOB 11/1978 · age 48	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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

Similar companies

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MFV DAWN MAID LIMITED→ SC382336 · est 2010	£292.3k £224.8k–£359.7k	£478.9k	—	300	15y	94	73y
MEIKLE CLOAK LIMITED→ SC146230 · est 1993	—	—	£105.7k	—	32y	83	93y
MFV EMERALD DAWN LTD→ SC309052 · est 2006	—	—	—	400	19y	83	67y
OUR POWER (CAIRNDOW) COMMUNITY INTEREST COMPANY→ SC331067 · est 2007 · no financials extracted	—	—	—	—	18y	83	84y
ROSSFORD LIMITED→ SC155011 · est 1994	—	—	£2.65M	—	31y	83	73y
AITKEN SHELLFISH LIMITED→ SC360377 · est 2009	—	—	£521.7k	—	16y	82	58y
CELTIC SEA LIMITED→ SC129691 · est 1991	—	—	£4.18M	—	35y	82	68y
CUMBRAE OYSTERS LIMITED→ SC157761 · est 1995	—	—	£538.1k	—	31y	82	60y
DRUMAGLEA LIMITED→ SC294680 · est 2005	—	—	—	0	20y	82	73y
SLIGRACHAN FARM LIMITED→ SC858744 · est 2025 · no financials extracted	—	—	—	—	—	—	—
STEWART SHELLFISH LTD→ SC787680 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
THE BARK INN LANGBANK LTD→ SC818184 · est 2024 · 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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2012-04-04

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

4 North Bay

Port Ellen

Isle Of Islay

PA42 7BY

Scotland

Filing status

Accounts

Next due: 2026-12-30

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-18OVERDUE

Last: 2025-04-04

Officers (2 active · 0 resigned)

FARRELL, Katy Hannah→

secretary · appointed 2018-04-05

View their other companies + combined net worth →

Active

FARRELL, Jonathan→

director · ~48y · appointed 2012-04-04

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:5 of 5 shown

		Type	Properties
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	02/04/2018	07/02/2021
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	02/04/2018	07/02/2021
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	14/12/2016	21/08/2017
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	1 property	14/12/2016	27/01/2021
satisfied	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	29/11/2016	20/09/2023

Recent filings (46 total)

change-person-director-company-with-change-date

officers · CH01

2026-04-17

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-16

accounts-with-accounts-type-micro-entity

accounts · AA

2025-02-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-18

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-19

mortgage-satisfy-charge-full

mortgage · MR04

2023-09-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-13

accounts-with-accounts-type-micro-entity

accounts · AA

2022-12-19

confirmation-statement-with-updates

confirmation-statement · CS01

2022-04-17

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-01-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-12-17

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-20

mortgage-satisfy-charge-full

mortgage · MR04

2021-02-07

mortgage-satisfy-charge-full

mortgage · MR04

2021-02-07