SHETLAND FISH LIMITED

🏛️Establishedactive

SC590848 · ltd · incorporated 2018-03-09

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 8.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: Wholesale of other food, including fish, crustaceans and molluscs

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

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. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 8.0y

85/100

ready

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

· Oldest live charge is 8.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· 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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

19 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Average employees	500	500

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (15 events)Click to expand

2025-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-06-28
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2018-03-14
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2018-03-14
📄
resolution
resolution · RESOLUTIONS
2018-03-09
🏢
Company incorporated
As SHETLAND FISH LIMITED
2018-03-09
➕
BLACK, John Hansen appointed
director
2018-03-09
➕
WARD, Gideon John Scott appointed
director
2018-03-09
📄
incorporation-company
incorporation · NEWINC

Owner dependency

71/100

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 60 — approaching natural succession window.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 60. 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.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Aura Shetland Limited

Corporate parent · holds 50-75% shares

majority

🏛️

Skalberg Shetland Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

SHETLAND FISH LIMITED

This company · SC590848

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

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Aura Shetland Limited Corporate entity	50–75%	50–75%	50-75% shares · 50-75% voting	09/03/2018
Skalberg Shetland Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	09/03/2018

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 · Wholesale & distribution · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEAFOOD 60 DEGREES NORTH LTD.→ SC256678 · est 2003	—	—	£564.0k	—	22y	82	59y
SEASPRAY (SHETLAND) LIMITED→ SC327493 · est 2007	—	—	—	8	18y	80	70y
SIMPSON FISH LIMITED→ SC531381 · est 2016	—	—	—	1100	10y	79	71y
JAMIESON AND SMITH (SHETLAND WOOL BROKERS) LIMITED→ SC028516 · est 1951 · no financials extracted	—	—	—	—	74y	78	62y
JOHN TULLOCH (SHETLAND PRODUCTS) LIMITED→ SC026382 · est 1948	—	—	£1.58M	—	77y	78	63y
L WILLIAMSON LIMITED→ SC274059 · est 2004	—	—	£3.52M	—	21y	77	54y
R S HENDERSON LIMITED→ SC228534 · est 2002	—	—	£2.93M	—	24y	77	56y
SHETLAND'S FINEST LTD→ SC374523 · est 2010	—	—	£423.0k	—	16y	77	49y
AM MARKETING LIMITED→ SC361755 · est 2009	—	—	£402.2k	—	16y	75	49y
SHOWA (UK) LIMITED→ SC220010 · est 2001	—	—	£2	—	24y	75	53y
QA WINDOWS LIMITED→ SC438024 · est 2012	—	—	—	100	13y	74	48y
REARO SUPPLIES LIMITED→ SC061616 · est 1977	—	—	£1.60M	—	49y	73	59y

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.

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Company details

Statusactive

Typeltd

Incorporated2018-03-09

Jurisdictionscotland

Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

Harbour House

Esplanade

Lerwick

Shetland

ZE1 0LL

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-21

Last: 2026-03-07

Officers (2 active · 0 resigned)

BLACK, John Hansen→

director · ~60y · appointed 2018-03-09

View their other companies + combined net worth →

Active

WARD, Gideon John Scott→

director · ~51y · appointed 2018-03-09

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	28/06/2018	—

Click column headers to sort. Use filters above to narrow by status and lender.