CODFISH OBAN LIMITED

🏛️Establishedactive
SC613425 · ltd · incorporated 2018-11-13
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 · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.2y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

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
£781.4k
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and bankable structure.

Opportunity 79/100 (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 (85/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 7.2y

80/100
ready

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

  • · Oldest live charge is 7.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
Profitable
Profit before tax £130,125
Turnover YoY
+7%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Turnover£781.4k£728.7k
Gross profit£502.2k£469.9k
Profit before tax£130.1k£126.2k
Average employees10001000

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-01-12
    ➕
    KING, Wendy appointed
    director
  3. 2025-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-08-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-08-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2022-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-05-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-08-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  13. 2021-06-05
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2021-06-05
    🔓
    Charge satisfied #1
  15. 2021-02-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2021-02-24
    🔒
    Charge registered #4
    Lender: Atom Bank PLC
  17. 2021-01-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-01-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2021-01-28
    🔒
    Charge registered #3
    Lender: Atom Bank PLC
  20. 2021-01-22
    🔒
    Charge registered #2
    Lender: Atom Bank PLC
  21. 2020-11-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2020-11-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  23. 2020-10-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  24. 2019-04-18
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2018-11-13
    🏢
    Company incorporated
    As CODFISH OBAN LIMITED
  26. 2018-11-13
    ➕
    STEWART, John Unkles appointed
    director

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 59 — 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 59. 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr John Unkles Stewart
Individual · British · DOB 11/1967 · age 59
75–100%
—75-100% shares13/11/2018
1 historic (ceased) PSC
  • Mr John Unkles Stewartceased 31/03/2022· 25-50% shares

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
Incorporated2018-11-13
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

13 George Street
Oban
PA34 5RU
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (2 active · 0 resigned)

KING, Wendy→
director · ~49y · appointed 2026-01-12
View their other companies + combined net worth →
Active
STEWART, John Unkles→
director · ~59y · appointed 2018-11-13
View their other companies + combined net worth →
Active

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
Atom Bank
Atom Bank PLC
A registered charge1 property24/02/2021—
outstanding
Atom Bank
Atom Bank PLC
A registered charge1 property28/01/2021—
outstanding
Atom Bank
Atom Bank PLC
A registered charge—22/01/2021—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—18/04/201905/06/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-08
change-person-director-company-with-change-date
officers · CH01
2023-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-05-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-06