SCOT WEST SHELLFISH LTD

🌳Matureactive
SC488566 · ltd · incorporated 2014-10-09
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 opening · medium confidence
More negotiable than before — 2 signals weakening over the last 30 days.
  • · Bankability: 80 → 75
  • · Live charges: 1 → 2
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.8y old — refinance window within 12 months
What changed my view
Last 30 days

Picture worsened over the last 30 days — 2 negative signals vs 0 positive.

  • ↓Bankability: 80 → 75
  • ↓Live charges: 1 → 2
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 Oct 2024
Net worth
£810
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 46380Wholesale of other food, including fish, crustaceans and molluscs
Investor take
Pursue
Strong opportunity: active trading company 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. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 7.8y

70/100
ready

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

  • · Oldest live charge is 7.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
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
2 connected companies via shared directors
51
Filing history
39 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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £810

Key financials

2 years extracted from filed iXBRL accounts
Cash
£42k
Net Worth
£810
↑ 102% YoY
Current Assets
£833k
↑ 26% YoY
Current Liabilities
—
-£54k£124k£301k£478k£656k£833kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£40.9k£60.5k
Current assets£833.0k£661.2k
Cash£42.0k—
Debtors£791.0k£661.2k
Net assets£810£-53.6k

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
8
filings
  • • 3 address
  • • 2 officers
  • • 2 persons-with-significant-control
Last 90 days
9
filings
  • • 3 address
  • • 2 officers
  • • 2 persons-with-significant-control
Last 180 days
9
filings
  • • 3 address
  • • 2 officers
  • • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-06-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-06-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-06-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-06-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2026-06-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2026-06-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2026-06-03
    🔒
    Charge registered #2
    Lender: Bizcap Limited
  10. 2025-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-10-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-07-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-09-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  19. 2015-06-01
    ➕
    MCWILLIAMS, Jason appointed
    director
  20. 2014-10-09
    🏢
    Company incorporated
    As SCOT WEST SHELLFISH LTD
  21. 2014-10-09
    ➕
    INGLIS, Ewan Paterson appointed
    director

Owner dependency

63/100
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.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ewan Inglis
Individual · British · DOB 12/1984 · age 42
25–50%
—25-50% shares01/07/2016
Mr Jason Mcwilliams
Individual · British · DOB 08/1976 · age 50
25–50%
—25-50% shares01/07/2016

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 →

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——40012y8068y
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————26y8386y
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——£1.54M—38y8265y
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——£606.1k—23y8274y
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———20022y8271y
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——£780.9k—34y8285y
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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
Incorporated2014-10-09
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

Unit E5 130 Blochairn Road
Glasgow Fruit Market
Glasgow
G21 2DU
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-06-19
Last: 2026-06-05

Officers (2 active · 0 resigned)

INGLIS, Ewan Paterson→
director · ~42y · appointed 2014-10-09
View their other companies + combined net worth →
Active
MCWILLIAMS, Jason→
director · ~50y · appointed 2015-06-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Bizcap
Bizcap Limited
A registered charge1 property03/06/2026—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—18/09/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (39 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-24
change-person-director-company-with-change-date
officers · CH01
2026-06-23
change-person-director-company-with-change-date
officers · CH01
2026-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-06-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-12