INTERMARA MARINE LIMITED

🌿Early-stageactive
SC781544 · ltd · incorporated 2023-09-05
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
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 2.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 2.2 years old — likely still in initial term.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Average employees500

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
0
filings
Last 90 days
2
filings
  • 2 confirmation-statement
Last 180 days
2
filings
  • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-02-27
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  2. 2026-02-27
    📄
    replacement-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP01CS01
  3. 2025-06-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-06-06
    🔓
    Charge satisfied #1
  5. 2025-06-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2025-06-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2025-06-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2025-06-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-05-30
    🔒
    Charge registered #4
    Lender: Beequip B.V.
  10. 2025-05-30
    🔒
    Charge registered #3
    Lender: Beequip B.V.
  11. 2025-05-30
    🔒
    Charge registered #2
    Lender: Beequip B.V.
  12. 2024-09-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2024-09-24
    📄
    memorandum-articles
    incorporation · MA
  14. 2024-09-24
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2024-09-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2024-09-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-09-20
    BUCHAN, Stewart Forman resigned
    director
  18. 2024-09-20
    MOORE, Alexander Fraser resigned
    director
  19. 2024-09-20
    REID, Alexander resigned
    director
  20. 2024-09-16
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  21. 2024-08-14
    📄
    capital-name-of-class-of-shares
    capital · SH08
  22. 2024-08-02
    📄
    memorandum-articles
    incorporation · MA
  23. 2024-08-02
    📄
    resolution
    resolution · RESOLUTIONS
  24. 2024-07-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  25. 2024-07-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2024-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2024-06-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2024-06-06
    MOORE, Alexander Fraser appointed
    director
  29. 2024-06-06
    REID, Alexander appointed
    director
  30. 2024-02-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  31. 2024-02-14
    🔒
    Charge registered #1
    Lender: Sima Shipsales B.V.
  32. 2023-09-05
    🏢
    Company incorporated
    As INTERMARA MARINE LIMITED
  33. 2023-09-05
    WEST, George appointed
    director
  34. 2023-09-05
    BUCHAN, Stewart Forman appointed
    director
  35. 2023-09-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Young company: Only 2.6 years old — management layer unlikely to be developed.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2025-05-30: A registered charge; 2025-05-30: A registered charge; 2025-05-30: A registered charge

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
George West Limited
Corporate parent · holds 25-50% shares · board control
significant stake
🏛️
Interocean Marine Services Ltd
Corporate parent · holds 25-50% shares · board control
significant stake
INTERMARA MARINE LIMITED
This company · SC781544

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
George West Limited
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2024
Interocean Marine Services Ltd
Corporate entity
2550%
25–50%board control25-50% shares · 25-50% voting · board control05/09/2023
1 historic (ceased) PSC
  • Karelle Fishing Llpceased 01/07/2024· 25-50% shares · 25-50% voting · board control

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

10 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
Incorporated2023-09-05
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

2 Marischal Square
Broad Street
Aberdeen
AB10 1DQ
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-18
Last: 2025-09-04

Officers (1 active · 3 resigned)

WEST, George
director · ~55y · appointed 2023-09-05
View their other companies + combined net worth →
Active
BUCHAN, Stewart Forman
director · ~39y · appointed 2023-09-05 · resigned 2024-09-20
Resigned
MOORE, Alexander Fraser
director · ~63y · appointed 2024-06-06 · resigned 2024-09-20
Resigned
REID, Alexander
director · ~47y · appointed 2024-06-06 · resigned 2024-09-20
Resigned

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
Beequip B.V.
A registered charge1 property30/05/2025
outstanding
Beequip B.V.
A registered charge1 property30/05/2025
outstanding
Beequip B.V.
A registered charge1 property30/05/2025
satisfied
Sima Shipsales B.V.
A registered charge1 property14/02/202406/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (24 total)

replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-02-27
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-06
accounts-with-accounts-type-small
accounts · AA
2025-06-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-02
termination-director-company-with-name-termination-date
officers · TM01
2024-09-24
memorandum-articles
incorporation · MA
2024-09-24
resolution
resolution · RESOLUTIONS
2024-09-24
termination-director-company-with-name-termination-date
officers · TM01
2024-09-23
termination-director-company-with-name-termination-date
officers · TM01
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
change-account-reference-date-company-current-extended
accounts · AA01
2024-09-16