THE SHETLAND DISTILLERY COMPANY LIMITED

🌳Matureactive
SC455892 · ltd · incorporated 2013-08-01
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 7.6y

70/100
ready

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

  • · Oldest live charge is 7.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (74/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
9 connected companies via shared directors
72
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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£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 employees6700

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-08-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-08-12
    ➖
    STRANG, Frank Allen resigned
    director
  5. 2024-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-10-28
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2022-10-28
    🔓
    Charge satisfied #2
  10. 2022-10-28
    🔓
    Charge satisfied #1
  11. 2022-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-10-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-10-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-10-11
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  18. 2018-10-08
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  19. 2018-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2018-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2018-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2018-01-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2015-10-01
    ➕
    NICKERSON, Wilma appointed
    director
  24. 2015-10-01
    ➕
    STRANG, Deborah Louise appointed
    director
  25. 2013-08-01
    🏢
    Company incorporated
    As THE SHETLAND DISTILLERY COMPANY LIMITED
  26. 2013-08-01
    ➕
    NICKERSON, Stuart appointed
    director
  27. 2013-08-01
    ➕
    STRANG, Frank Allen appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +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

73/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 13 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.)
🔒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 →

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
QA FISH LIMITED→
SC336851 · est 2008
———290018y8362y
SANDWICK BAKING COMPANY LIMITED→
SC210109 · est 2000
——£199.1k—25y8272y
SHETLAND REFRESHMENTS LIMITED→
SC190856 · est 1998 · no financials extracted
————27y8271y
JOHNSON & WOOD LTD→
SC440115 · est 2013
———1213y8059y
SHETLAND FARM DAIRIES LIMITED→
SC152412 · est 1994
———1031y8069y
PELAGIA SHETLAND LIMITED→
SC094953 · est 1985 · no financials extracted
————40y7669y
QA SHELLFISH LTD→
SC552948 · est 2016
———4009y7662y
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———1812y7543y
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LERWICK DISTILLERY LIMITED→
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SHETLAND CREAMERY LIMITED→
SC871204 · est 2025 · no financials extracted
—————7047y
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
Incorporated2013-08-01
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

Saxa Vord Haroldswick
Unst
Shetland
ZE2 9EF

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-08-14
Last: 2025-07-31

Officers (3 active · 1 resigned)

NICKERSON, Stuart→
director · ~70y · appointed 2013-08-01
View their other companies + combined net worth →
Active
NICKERSON, Wilma→
director · ~67y · appointed 2015-10-01
View their other companies + combined net worth →
Active
STRANG, Deborah Louise→
director · ~61y · appointed 2015-10-01
View their other companies + combined net worth →
Active
STRANG, Frank Allen→
director · ~68y · appointed 2013-08-01 · resigned 2025-08-12
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Barclays
Barclays Bank PLC
A registered charge—11/10/201828/10/2022
satisfied
Barclays
Barclays Security Trustee Limited
A registered charge—08/10/201828/10/2022

Recent filings (40 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-05
termination-director-company-with-name-termination-date
officers · TM01
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-01
mortgage-satisfy-charge-full
mortgage · MR04
2022-10-28
mortgage-satisfy-charge-full
mortgage · MR04
2022-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-10