BLUE OCEAN HOLDINGS LTD

🌳Matureactive
SC498610 · ltd · incorporated 2015-02-23
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-1.14M
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. 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: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (82/100)

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

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
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,135,587
Cash YoY
-1%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 1.4% YoY
Net Worth
-£1.1m
~ YoY
Current Assets
£156k
~ YoY
Current Liabilities
-£1.1m-£877k-£619k-£360k-£102k£156kDec 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£-1.14M£-1.13M
Current assets£156.3k£156.4k
Cash£6.0k£6.1k
Debtors£288£280
Net assets£-1.14M£-1.13M

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-11-18
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  11. 2016-10-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-02-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-11-25
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  15. 2015-02-23
    🏢
    Company incorporated
    As BLUE OCEAN HOLDINGS LTD
  16. 2015-02-23
    MASSON GLENNIE LLP appointed
    corporate-secretary
  17. 2015-02-23
    SMITH JNR, John Buchan appointed
    director
  18. 2015-02-23
    TAIT, Michael appointed
    director
  19. 2015-02-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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

Red flags

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-09

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Jnf Developments Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Challenge Fishing Company Limited
Corporate parent · holds 25-50% shares
significant stake
BLUE OCEAN HOLDINGS LTD
This company · SC498610

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Jnf Developments Limited
Corporate entity
2550%
25-50% shares06/04/2016
Challenge Fishing Company Limited
Corporate entity
2550%
25-50% shares06/04/2016

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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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
Incorporated2015-02-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-03-09OVERDUE
Last: 2025-02-23

Officers (3 active · 0 resigned)

MASSON GLENNIE LLP
corporate-secretary · appointed 2015-02-23
View their other companies + combined net worth →
Active
SMITH JNR, John Buchan
director · ~51y · appointed 2015-02-23
View their other companies + combined net worth →
Active
TAIT, Michael
director · ~44y · appointed 2015-02-23
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-31