M CARDNO FISHING LTD

🌳Matureactive
SC466419 · ltd · incorporated 2013-12-24
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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
—
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Turnover
—
year to Dec 2024
Net worth
£514
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (strong), 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: Cash flow review and working-capital discipline. Cash down -45% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £514
Cash draining
Cash down 45% YoY
Cash YoY
-45%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 45% YoY
Net Worth
£514
↑ 321% YoY
Current Assets
£34k
↑ 14% YoY
Current Liabilities
—
£0£7k£14k£20k£27k£34kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£6.1k£10.3k
Current assets£34.0k£29.8k
Cash£7.1k£12.9k
Debtors£26.9k£16.9k
Net assets£514£122

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

🔒Filing-note intelligence

2 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-03-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-10-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-06
    ➕
    RITCHIE, Jackie Ann appointed
    director
  13. 2016-01-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-02-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-01-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-12-24
    🏢
    Company incorporated
    As M CARDNO FISHING LTD
  17. 2013-12-24
    ➕
    CARDNO, Mark James appointed
    director
  18. 2013-12-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

78/100
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.
  • +Founder name in company name: Company name contains director surname "CARDNO" — strong identity link between founder and business.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark James Cardno
Individual · British · DOB 12/1973 · age 53
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Miss Jackie Ann Ritchie
Individual · British · DOB 10/1980 · age 46
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

Similar companies

Active · Agriculture · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EAST COAST VINERS (PEAS AND BEANS) LIMITED→
SC465480 · est 2013
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TREETOP FORESTRY LIMITED→
SC292083 · est 2005
£5.00M
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£12.98M—460020y8772y
ALTNAHARRA ESTATE LIMITED→
SC228455 · est 2002
£634.2k
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——824y8571y
CHALLENGE FISHING COMPANY LIMITED→
SC192237 · est 1998
———627y8369y
FORTRIE FARMS LIMITED→
SC158055 · est 1995
———1031y8376y
GARDINER ICM LIMITED→
SC197812 · est 1999
——£2.60M—26y8364y
LORANTHUS FISHING COMPANY LIMITED→
SC312585 · est 2006
———019y8370y
M B AQUARIUS LIMITED→
SC259115 · est 2003
———022y8370y
M.V. QUANTUS LIMITED→
SC150141 · est 1994
——£32.29M—32y8369y
MEARNS TRACTORS LIMITED→
SC261246 · est 2003
———122y8362y
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——£24.40M—31y8379y
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———20044y8372y
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
Incorporated2013-12-24
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

42 Cairnhill Drive
Fraserburgh
Aberdeenshire
AB43 9ST

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-07
Last: 2025-12-24

Officers (2 active · 0 resigned)

CARDNO, Mark James→
director · ~53y · appointed 2013-12-24
View their other companies + combined net worth →
Active
RITCHIE, Jackie Ann→
director · ~46y · appointed 2016-04-06
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-08
confirmation-statement-with-updates
confirmation-statement · CS01
2019-01-07