SPOUSE FISHING LIMITED

🏛️Establishedactive

SC626063 · ltd · incorporated 2019-03-29

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 6.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£429.2k

book net assets

Opportunity

66/100

Strong

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Special-situation opportunity

Distressed agriculture with salvageable qualities — special-situations priority.

Opportunity 66/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 6.3y

70/100

ready

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

· Oldest live charge is 6.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

3 officers (3 active, 3 linked, 3 with DOB)

Ownership & PSC

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

Director network

9 connected companies via shared directors

Filing history

36 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

66/100Strong

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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £429,203

Cash YoY

+1284%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£8k

↑ 1284% YoY

Net Worth

£429k

↑ 7.7% YoY

Current Assets

£133k

↑ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.21M	£625.6k
Current assets	£132.9k	£118.4k
Cash	£8.3k	£597
Debtors	£124.6k	£117.8k
Net assets	£429.2k	£398.4k

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

filings

Last 90 days

filings

• 2 gazette
• 1 mortgage
• 1 accounts

Last 180 days

filings

• 2 gazette
• 1 mortgage
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2026-03-04
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2026-03-03
📄
gazette-notice-compulsory
gazette · GAZ1
2026-03-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-27
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2025-08-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-29
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-29
🔓
Charge satisfied #4
2025-08-29
🔓
Charge satisfied #3
2025-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-02
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-20
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-20
🔓
Charge satisfied #2
2022-04-20
🔓
Charge satisfied #1
2022-04-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-30
🔒
Charge registered #4
Lender: Fishermen's Mutual Association (Eyemouth) Limited
2022-03-30
🔒
Charge registered #3
Lender: Fishermen's Mutual Association (Eyemouth) Limited
2021-10-29
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-10-29
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-10-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-29
📄
capital-allotment-shares
capital · SH01
2021-08-31
➕
VIRTUE, Paul James appointed
director
2021-07-21
📄
legacy
miscellaneous · RPCH01
2021-07-19
📄
change-person-director-company-with-change-date
officers · CH01
2020-01-09
🔒
Charge registered #2
Lender: Fishermen's Mutual Association (Eyemouth) Limited
2020-01-09
🔒
Charge registered #1
Lender: Fishermen's Mutual Association (Eyemouth) Limited
2019-03-29
🏢
Company incorporated
As SPOUSE FISHING LIMITED
2019-03-29
➕
SPOUSE, David appointed
director
2019-03-29
➕
SPOUSE, Keil Ross appointed
director

Owner dependency

81/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Founder name in company name: Company name contains director surname "SPOUSE" — strong identity link between founder and business.
+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

40/100

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.

Red flags

1 high · 1 med · 1 low

Confirmation statement overdue

high

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

Evidence: Next due: 2026-04-11

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Boat Investments Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Boat Investments Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

SPOUSE FISHING LIMITED

This company · SC626063

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
Mr David Spouse Individual · British · DOB 11/1968 · age 58	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	29/03/2019
Boat Investments Limited Corporate entity	25–50%	25–50%	25-50% shares · 25-50% voting	31/08/2021

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

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
EAST COAST VINERS (PEAS AND BEANS) LIMITED→ SC465480 · est 2013	£8.08M £6.21M–£9.94M	£13.37M	—	1800	12y	85	79y
TREETOP FORESTRY LIMITED→ SC292083 · est 2005	£5.00M £3.85M–£6.15M	£12.98M	—	4600	20y	87	72y
ALTNAHARRA ESTATE LIMITED→ SC228455 · est 2002	£634.2k £487.8k–£780.5k	—	—	8	24y	85	71y
CHALLENGE FISHING COMPANY LIMITED→ SC192237 · est 1998	—	—	—	6	27y	83	69y
FORTRIE FARMS LIMITED→ SC158055 · est 1995	—	—	—	10	30y	83	76y
GARDINER ICM LIMITED→ SC197812 · est 1999	—	—	£2.60M	—	26y	83	64y
LORANTHUS FISHING COMPANY LIMITED→ SC312585 · est 2006	—	—	—	0	19y	83	70y
M B AQUARIUS LIMITED→ SC259115 · est 2003	—	—	—	0	22y	83	70y
M.V. QUANTUS LIMITED→ SC150141 · est 1994	—	—	£32.29M	—	32y	83	69y
MEARNS TRACTORS LIMITED→ SC261246 · est 2003	—	—	—	1	22y	83	62y
S.F.F. SERVICES LIMITED→ SC098563 · est 1986 · no financials extracted	—	—	—	—	39y	83	67y
SHANNON FISHING LIMITED→ SC157000 · est 1995	—	—	£24.40M	—	31y	83	79y

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

Incorporated2019-03-29

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Bath House

7 Bath Street

Peterhead

AB42 1DX

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-11OVERDUE

Last: 2025-03-28

Officers (3 active · 0 resigned)

SPOUSE, David→

director · ~58y · appointed 2019-03-29

View their other companies + combined net worth →

Active

SPOUSE, Keil Ross→

director · ~30y · appointed 2019-03-29

View their other companies + combined net worth →

Active

VIRTUE, Paul James→

director · ~52y · appointed 2021-08-31

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:5 of 5 shown

		Type	Properties
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	27/02/2026	—
satisfied	Fishermen's Mutual Association (Eyemouth) Fishermen's Mutual Association (Eyemouth) Limited	A registered charge	—	30/03/2022	29/08/2025
satisfied	Fishermen's Mutual Association (Eyemouth) Fishermen's Mutual Association (Eyemouth) Limited	A registered charge	1 property	30/03/2022	29/08/2025
satisfied	Fishermen's Mutual Association (Eyemouth) Fishermen's Mutual Association (Eyemouth) Limited	A registered charge	—	09/01/2020	20/04/2022
satisfied	Fishermen's Mutual Association (Eyemouth) Fishermen's Mutual Association (Eyemouth) Limited	A registered charge	1 property	09/01/2020	20/04/2022

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

Recent filings (36 total)

gazette-filings-brought-up-to-date

gazette · DISS40

2026-03-04

gazette-notice-compulsory

gazette · GAZ1

2026-03-03

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2026-03-03

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-02-27

mortgage-satisfy-charge-full

mortgage · MR04

2025-08-29

mortgage-satisfy-charge-full

mortgage · MR04

2025-08-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-09

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-03-31

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-02-20

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-05-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-08

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-24

accounts-with-accounts-type-micro-entity

accounts · AA

2023-03-31

mortgage-satisfy-charge-full

mortgage · MR04

2022-04-20