STEWART SHELLFISH LTD

🌿Early-stageactive
SC787680 · ltd · incorporated 2023-10-31
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 Mar 2025
Net worth
£1.6k
book net assets
Opportunity
70/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 46380Wholesale of other food, including fish, crustaceans and molluscs
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. 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 (58/100).

Data confidence

Overall: medium (69/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £1,631

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£2k
Current Assets
£15k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-31
Total assets£12.0k
Current assets£14.8k
Net assets£1.6k

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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (6 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2023-10-31
    🏢
    Company incorporated
    As STEWART SHELLFISH LTD
  4. 2023-10-31
    STEWART, Leanne Mcneill appointed
    director
  5. 2023-10-31
    STEWART, Lorne Fraser appointed
    director
  6. 2023-10-31
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

86/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +Young company: Only 2.5 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Leanne Mcneill Stewart
Individual · Scottish · DOB 06/1988 · age 38
2550%
25–50%board control25-50% shares · 25-50% voting · board control31/10/2023
Mr Lorne Fraser Stewart
Individual · Scottish · DOB 12/1982 · age 44
2550%
25–50%board control25-50% shares · 25-50% voting · board control31/10/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Agriculture · PA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
MFV DAWN MAID LIMITED
SC382336 · est 2010
£292.3k
£224.8k£359.7k
£478.9k30015y9473y
MEIKLE CLOAK LIMITED
SC146230 · est 1993
£105.7k32y8393y
MFV EMERALD DAWN LTD
SC309052 · est 2006
40019y8367y
OUR POWER (CAIRNDOW) COMMUNITY INTEREST COMPANY
SC331067 · est 2007 · no financials extracted
18y8384y
ROSSFORD LIMITED
SC155011 · est 1994
£2.65M31y8373y
AITKEN SHELLFISH LIMITED
SC360377 · est 2009
£521.7k16y8258y
CELTIC SEA LIMITED
SC129691 · est 1991
£4.18M35y8268y
CUMBRAE OYSTERS LIMITED
SC157761 · est 1995
£538.1k31y8260y
DRUMAGLEA LIMITED
SC294680 · est 2005
020y8273y
GALBRAITH TRAWLERS LIMITED
SC341101 · est 2008
£560.8k18y8275y
SLIGRACHAN FARM LIMITED
SC858744 · est 2025 · no financials extracted
THE BARK INN LANGBANK LTD
SC818184 · est 2024 · no financials extracted
1y
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
Incorporated2023-10-31
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

46 Easfield
Tarbert
PA29 6TJ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-13
Last: 2025-10-30

Officers (2 active · 0 resigned)

STEWART, Leanne Mcneill
director · ~38y · appointed 2023-10-31
View their other companies + combined net worth →
Active
STEWART, Lorne Fraser
director · ~44y · appointed 2023-10-31
View their other companies + combined net worth →
Active

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

Recent filings (5 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
change-account-reference-date-company-previous-extended
accounts · AA01
2025-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-08
incorporation-company
incorporation · NEWINC
2023-10-31