OCEIN SCOTLAND LIMITED
🌿Early-stageactive
SC737087 · ltd · incorporated 2022-06-30
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-272.8k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 03210
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. 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 -34% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 3.1y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~3.1 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
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 declaredNegative net assets
Liabilities exceed assets by £272,765
Cash YoY
-34%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£50k
↓ 34% YoY
Net Worth
-£273k
↓ 50% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Cash | £50.4k | £76.2k |
| Net assets | £-272.8k | £-181.7k |
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
0
filings
Last 90 days
1
filing
- • 1 officers
Last 180 days
2
filings
- • 1 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2026-02-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-02-16➖BURNESS PAULL LLP resignedcorporate-secretary
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-03📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-09-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-17➕JENSEN, Victor appointeddirector
- 2023-07-17➖ASPEN, Erik resigneddirector
- 2023-04-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-04-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-03-06🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2022-09-02➕FRASER, Simon Andrew appointeddirector
- 2022-09-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-08-23📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-06-30🏢Company incorporatedAs OCEIN SCOTLAND LIMITED
- 2022-06-30➕BURNESS PAULL LLP appointedcorporate-secretary
- 2022-06-30➕ASPEN, Erik appointeddirector
- 2022-06-30📄incorporation-companyincorporation · NEWINC
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
Succession & seller-readiness
46/100
Moderate signalSome 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Victor Jensen Individual · Norwegian · DOB 12/1967 · age 59 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 30/06/2022 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| ORD STABLES LTD→ SC690220 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| PECHEURS ECOSSE LIMITED→ SC581815 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
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| RA ENGINEERING (MARINE) LTD→ SC775702 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| RELUGAS FARMS LIMITED→ SC111224 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| RIGGING ACCESS SOLUTIONS LTD→ SC423263 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| RISING ROOTS LTD→ SC757929 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| RODERICK MACLENNAN CONTRACTOR LTD→ SC882482 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SALTIRE HIGHLAND FARMS LIMITED→ SC774565 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SALTIRE HIGHLAND LTD→ SC755716 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2022-06-30
Jurisdictionscotland
Primary SIC03210 — SIC 03210
Registered office
Unit 3 Cromwell Buildings
Lotland Street
Inverness
IV1 1ST
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-12
Last: 2025-06-28
Officers (2 active · 2 resigned)
FRASER, Simon Andrew→
Activedirector · ~56y · appointed 2022-09-02
View their other companies + combined net worth →
JENSEN, Victor→
Activedirector · ~59y · appointed 2023-07-17
View their other companies + combined net worth →
BURNESS PAULL LLP→
Resignedcorporate-secretary · appointed 2022-06-30 · resigned 2026-02-16
ASPEN, Erik→
Resigneddirector · ~49y · appointed 2022-06-30 · resigned 2023-07-17
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 06/03/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (15 total)
termination-secretary-company-with-name-termination-date
officers · TM02
2026-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-03
appoint-person-director-company-with-name-date
officers · AP01
2023-09-06
termination-director-company-with-name-termination-date
officers · TM01
2023-09-06
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-20
change-account-reference-date-company-current-extended
accounts · AA01
2023-04-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-14
appoint-person-director-company-with-name-date
officers · AP01
2022-09-02
change-account-reference-date-company-current-shortened
accounts · AA01
2022-08-23
incorporation-company
incorporation · NEWINC
2022-06-30