WESTBURN FISHING COMPANY LIMITED

🌳Matureactive
SC503123 · ltd · incorporated 2015-04-13
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.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.26M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), 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 -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · oldest 9.8y

45/100
under pressure

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

  • · Oldest live charge is 9.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
34 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,258,724
Cash draining
Cash down 100% YoY
Cash YoY
-100%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 100% YoY
Net Worth
£1.3m
~ YoY
Current Assets
£23k
↓ 98% YoY
Current Liabilities
—
£0£269k£537k£806k£1.1m£1.3mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£3.10M£2.70M
Current assets£22.6k£1.34M
Cash£6.1k£1.33M
Debtors£16.5k£15.0k
Net assets£1.26M£1.25M

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-04-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-07-18
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  5. 2025-07-18
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  6. 2025-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-01-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-01-23
    🔓
    Charge satisfied #2
  9. 2024-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-02-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-08-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2022-08-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2022-08-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2022-08-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  15. 2022-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-12-07
    📄
    appoint-corporate-director-company-with-name-date
    officers · AP02
  19. 2020-12-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-08-01
    ➕
    PETER & J JOHNSTONE LIMITED appointed
    corporate-director
  21. 2020-07-31
    ➖
    REGAN, Andrew William resigned
    director
  22. 2020-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2017-11-07
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  24. 2016-07-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2015-04-13
    🏢
    Company incorporated
    As WESTBURN FISHING COMPANY LIMITED
  26. 2015-04-13
    ➕
    FARRAR, Paul appointed
    secretary
  27. 2015-04-13
    ➕
    DOUGAL, Mark James appointed
    director
  28. 2015-04-13
    ➕
    WEST, Andrew John appointed
    director
  29. 2015-04-13
    ➕
    REGAN, Andrew William appointed
    director

Owner dependency

65/100
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 name in company name: Company name contains director surname "WEST" — strong identity link between founder and business.

Succession & seller-readiness

35/100
Weak signal

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

SIGNALS
  • 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.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Peter & J Johnstone Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Awfb Limited
Corporate parent · holds 50-75% shares
majority
⬇
WESTBURN FISHING COMPANY LIMITED
This company · SC503123

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
Awfb Limited
Corporate entity
50–75%
50–75%50-75% shares · 50-75% voting14/07/2016
Peter & J Johnstone Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting14/07/2016

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 →

Similar companies

Active · Agriculture · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EAST COAST VINERS (PEAS AND BEANS) LIMITED→
SC465480 · est 2013
£8.08M
£6.21M–£9.94M
£13.37M—180012y8579y
TREETOP FORESTRY LIMITED→
SC292083 · est 2005
£5.00M
£3.85M–£6.15M
£12.98M—460020y8772y
ALTNAHARRA ESTATE LIMITED→
SC228455 · est 2002
£634.2k
£487.8k–£780.5k
——824y8571y
CHALLENGE FISHING COMPANY LIMITED→
SC192237 · est 1998
———627y8369y
FORTRIE FARMS LIMITED→
SC158055 · est 1995
———1030y8376y
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
SHANNON FISHING LIMITED→
SC157000 · est 1995
——£24.40M—31y8379y
SHAULORA FISHING COMPANY LIMITED→
SC165386 · est 1996
——£440.0k—29y8358y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2015-04-13
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

5-8 Bridge Street
Peterhead
Aberdeenshire
AB42 1DH
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-27
Last: 2026-04-13

Officers (4 active · 1 resigned)

FARRAR, Paul→
secretary · appointed 2015-04-13
View their other companies + combined net worth →
Active
DOUGAL, Mark James→
director · ~56y · appointed 2015-04-13
View their other companies + combined net worth →
Active
WEST, Andrew John→
director · ~42y · appointed 2015-04-13
View their other companies + combined net worth →
Active
PETER & J JOHNSTONE LIMITED→
corporate-director · appointed 2020-08-01
View their other companies + combined net worth →
Active
REGAN, Andrew William→
director · ~64y · appointed 2015-04-13 · resigned 2020-07-31
Resigned

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

Mortgages & charges

4
Total charges
3
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/07/2025—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/07/2025—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property07/11/201723/01/2024
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—08/07/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-22
change-person-director-company-with-change-date
officers · CH01
2022-08-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-19