FISHFROM LIMITED

🌳Matureactive

SC424245 · ltd · incorporated 2012-05-17

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 steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Nov 2025

Net worth

£-312.1k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 03210

Sector: Agriculture, forestry & fishing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -86% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 6.7y

45/100

under pressure

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

· Oldest live charge is 6.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

11 officers (2 active, 11 linked, 11 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

93 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £312,141

Cash draining

Cash down 86% YoY

Cash YoY

-86%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£7k

↓ 86% YoY

Net Worth

-£312k

↓ 20% YoY

Current Assets

£17k

↓ 74% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-11-30	2024-11-30
Total assets	£577.9k	£616.1k
Current assets	£17.1k	£65.0k
Cash	£7.1k	£50.6k
Debtors	£10.0k	£14.4k
Net assets	£-312.1k	£-261.0k

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-28
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-06
📄
second-filing-capital-allotment-shares
capital · RP04SH01
2025-02-06
📄
capital-allotment-shares
capital · SH01
2024-01-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-05
📄
capital-allotment-shares
capital · SH01
2023-07-19
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-07-19
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-01-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
📄
capital-allotment-shares
capital · SH01
2022-12-19
📄
capital-name-of-class-of-shares
capital · SH08
2022-12-15
📄
resolution
resolution · RESOLUTIONS
2022-02-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-07
📄
capital-allotment-shares
capital · SH01
2021-07-28
📄
capital-allotment-shares
capital · SH01
2021-01-15
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-11-11
➖
FISCHER, Tristan Gordon Alexander resigned
director
2019-11-11
➖
HOLDSWORTH, James Luke resigned
director
2019-11-11
➖
ROBERTSON, Neil William Alan resigned
director
2019-11-11
🔒
Charge registered #1
Lender: Gresham House Investment Management (Guernsey) Limited as General Partner of Gresham House Bsi Infrastructure LP
2019-08-31
➖
FINDLAY, Craig William resigned
director
2018-02-01
➕
HOLDSWORTH, James Luke appointed
director
2018-01-10
➖
MCEUEN, James Stewart resigned
director
2017-11-19
➖
ALLEN, Douglas Anthony James resigned
director
2017-04-26
➕
ALLEN, Douglas Anthony James appointed
director
2017-04-26
➕
FINDLAY, Craig William appointed
director
2017-04-20
➖
CAMERON, Charles David Stewart resigned
director
2017-04-20
➖
CAMERON, Fiona Louise resigned
director
2017-04-20
➖
MARRIOTT, Simon Patrick resigned
director
2016-10-14
➕
MCEUEN, James Stewart appointed
director
2016-10-10
➕
FISCHER, Tristan Gordon Alexander appointed
director
2013-02-08
➕
ODDSEN, Oddgeir appointed
director
2013-02-08
➕
CAMERON, Charles David Stewart appointed
director
2013-02-08
➕
CAMERON, Fiona Louise appointed
director
2013-02-08
➕
MARRIOTT, Simon Patrick appointed
director
2013-02-08
➕
ROBERTSON, Neil William Alan appointed
director
2012-05-17
🏢
Company incorporated
As FISHFROM LIMITED
2012-05-17
➕
ROBERTSON, Andrew appointed
director

Owner dependency

66/100

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.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

69/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 14 years.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Oddsen Oddgeir Individual · Norwegian · DOB 09/1965 · age 61	25–50%	—	25-50% shares	06/04/2016
Mr Andrew Robertson Individual · British · DOB 04/1962 · age 64	25–50%	—	25-50% shares	06/04/2016

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

Similar companies

Active · Agriculture · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ARDARDAN ESTATE LTD.→ SC302812 · est 2006	—	—	£892.6k	—	20y	83	73y
CASSILTOUN TRUST→ SC205629 · est 2000 · no financials extracted	—	—	—	—	26y	83	86y
ALBAR LANDSCAPES LIMITED→ SC111284 · est 1988	—	—	£1.54M	—	38y	82	65y
BRORA FISHING COMPANY LIMITED→ SC233209 · est 2002	—	—	£606.1k	—	23y	82	74y
INSHORE FISHING LTD→ SC263540 · est 2004	—	—	—	200	22y	82	71y
J. ORR & COMPANY LIMITED→ SC230625 · est 2002	—	—	£1.87M	—	24y	82	82y
J.R. MACGREGOR (DYKE) LIMITED→ SC135312 · est 1991	—	—	£780.9k	—	34y	82	85y
MOSSNEUK FARM (FORESIDE) LIMITED→ SC223005 · est 2001	—	—	£501.2k	—	24y	82	72y
ANNANDALE TREE SURGERY LIMITED→ SC258313 · est 2003	—	—	£62.5k	—	22y	80	62y
BOOMHOUR BROOK FOREST LIMITED→ SC335637 · est 2007	—	—	—	—	18y	80	81y
CASEY TREE CARE & LANDSCAPE SERVICES LTD→ SC350604 · est 2008	—	—	—	100	17y	80	61y
ERIC BOYD FORESTRY LIMITED→ SC255830 · est 2003	—	—	£663.5k	—	22y	80	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

Incorporated2012-05-17

Jurisdictionscotland

Primary SIC03210 — SIC 03210

Registered office

1 George Square

Glasgow

G2 1AL

Scotland

Filing status

Accounts

Next due: 2027-08-29

Last made up to: 2025-11-30

Confirmation statement

Next due: 2027-05-31

Last: 2026-05-17

Officers (2 active · 9 resigned)

ODDSEN, Oddgeir→

director · ~61y · appointed 2013-02-08

View their other companies + combined net worth →

Active

ROBERTSON, Andrew→

director · ~64y · appointed 2012-05-17

View their other companies + combined net worth →

Active

ALLEN, Douglas Anthony James→

director · ~56y · appointed 2017-04-26 · resigned 2017-11-19

Resigned

CAMERON, Charles David Stewart→

director · ~57y · appointed 2013-02-08 · resigned 2017-04-20

Resigned

CAMERON, Fiona Louise→

director · ~55y · appointed 2013-02-08 · resigned 2017-04-20

Resigned

FINDLAY, Craig William→

director · ~62y · appointed 2017-04-26 · resigned 2019-08-31

Resigned

FISCHER, Tristan Gordon Alexander→

director · ~51y · appointed 2016-10-10 · resigned 2019-11-11

Resigned

HOLDSWORTH, James Luke→

director · ~48y · appointed 2018-02-01 · resigned 2019-11-11

Resigned

MARRIOTT, Simon Patrick→

director · ~64y · appointed 2013-02-08 · resigned 2017-04-20

Resigned

MCEUEN, James Stewart→

director · ~57y · appointed 2016-10-14 · resigned 2018-01-10

Resigned

ROBERTSON, Neil William Alan→

director · ~61y · appointed 2013-02-08 · resigned 2019-11-11

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Gresham House Investment Management (Guernsey) as General Partner of Gresham House Bsi Infrastructure LP Gresham House Investment Management (Guernsey) Limited as General Partner of Gresham House Bsi Infrastructure LP	A registered charge	—	11/11/2019	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-06-02

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

accounts · AA

2026-03-05

confirmation-statement-with-updates

confirmation-statement · CS01

2025-05-29

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

officers · CH01

2025-04-28

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

accounts · AA

2025-02-13

second-filing-capital-allotment-shares

capital · RP04SH01

2025-02-06

capital-allotment-shares

capital · SH01

2025-02-06

confirmation-statement-with-updates

confirmation-statement · CS01

2024-05-31

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

accounts · AA

2024-01-15

capital-allotment-shares

capital · SH01

2023-09-05

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

accounts · AAMD

2023-07-19

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

accounts · AAMD

2023-07-19

confirmation-statement-with-updates

confirmation-statement · CS01

2023-05-30

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

accounts · AA

2023-01-20

capital-allotment-shares

capital · SH01

2022-12-20