ST. BARR FISHING LTD

🏛️Establishedactive
SC589402 · ltd · incorporated 2018-02-21
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: distressed → established
  • · Investment thesis: distressed_attractive → unclassified
  • · Opportunity score: 60 → 79
  • · Hygiene score: 30 → 90
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 4 recent signals strengthening vs 0 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 0 negative.

  • ↑Lifecycle stage: distressed → established
  • ·Investment thesis: distressed_attractive → unclassified
  • ↑Opportunity score: 60 → 79
  • ↑Hygiene score: 30 → 90
  • ↑Bankability: 50 → 80
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 Mar 2025
Net worth
£-271.0k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (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 -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 8.2y

45/100
under pressure

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

  • · Oldest live charge is 8.2 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 (84/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
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
Negative net assets
Liabilities exceed assets by £270,968
Very low cash
Cash position: £54
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£54
↓ 99% YoY
Net Worth
-£271k
↓ 2192% YoY
Current Assets
£27k
↓ 38% YoY
Current Liabilities
—
-£271k-£208k-£145k-£82k-£19k£44kMar 2023Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-312023-03-31
Total assets£-58.9k£236.7k—
Current assets£27.0k£43.9k—
Cash£54£6.4k—
Debtors£27.0k£37.6k—
Net assets£-271.0k£-11.8k—

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
1
filing
  • • 1 accounts
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 (26 events)Click to expand
  1. 2026-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-02-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-02-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2022-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-02-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-02-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-01-31
    ➖
    MACLEOD, Mary Catherine resigned
    director
  14. 2019-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2019-06-25
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  17. 2018-08-08
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  18. 2018-05-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2018-04-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2018-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-04-20
    ➕
    MACLEOD, Michael Brendan appointed
    director
  22. 2018-02-21
    🏢
    Company incorporated
    As ST. BARR FISHING LTD
  23. 2018-02-21
    ➕
    MACLEOD, Angus Archie appointed
    director
  24. 2018-02-21
    ➕
    MACLEOD, Mary Catherine appointed
    director
  25. 2018-02-21
    ➕
    MACLEOD, Michael Brendan appointed
    director
  26. 2018-02-21
    ➖
    MACLEOD, Michael Brendan resigned
    director

Owner dependency

74/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Angus Archie Macleod
Individual · British · DOB 09/1968 · age 58
50–75%
50–75%board control50-75% shares · 50-75% voting · board control21/02/2018
Mr Michael Brendan Macleod
Individual · British · DOB 04/2000 · age 26
25–50%
25–50%25-50% shares · 25-50% voting06/02/2022
1 historic (ceased) PSC
  • Mrs Mary Catherine Macleodceased 31/01/2020· 25-50% shares · 25-50% voting

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
£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
———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
SHANNON FISHING LIMITED→
SC157000 · est 1995
——£24.40M—31y8379y
UNITED FISH SELLING LIMITED→
SC077168 · est 1982
———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
Incorporated2018-02-21
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

27 Finlayson Street
Fraserburgh
Aberdeenshire
AB43 9JQ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-24
Last: 2026-02-10

Officers (2 active · 2 resigned)

MACLEOD, Angus Archie→
director · ~58y · appointed 2018-02-21
View their other companies + combined net worth →
Active
MACLEOD, Michael Brendan→
director · ~26y · appointed 2018-04-20
View their other companies + combined net worth →
Active
MACLEOD, Mary Catherine→
director · ~54y · appointed 2018-02-21 · resigned 2020-01-31
Resigned
MACLEOD, Michael Brendan→
director · ~26y · appointed 2018-02-21 · resigned 2018-02-21
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property25/06/2019—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—30/04/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-02-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31