KEITHINCH FISHING LIMITED

🌿Early-stageactive
SC800588 · ltd · incorporated 2024-02-26
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.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 2 signals strengthening over the last 30 days.
  • · Deal-killer verdict: complicated → clean
  • · Hygiene score: 85 → 90
What changed my view
Last 30 days

Picture improved over the last 30 days — 2 positive signals vs 0 negative.

  • ↑Deal-killer verdict: complicated → clean
  • ↑Hygiene score: 85 → 90
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
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company 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 (70/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
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
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
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 · accounting standard unknown
Metric2025-02-28
Average employees-100

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
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-11-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-11-18
    ➕
    MCCALMAN, Sophie appointed
    director
  6. 2025-06-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2025-06-17
    ➕
    REID, Philip appointed
    director
  8. 2025-06-17
    ➖
    MASKAME, William George resigned
    director
  9. 2025-06-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-06-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-06-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2025-06-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2025-04-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2024-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2024-02-26
    🏢
    Company incorporated
    As KEITHINCH FISHING LIMITED
  16. 2024-02-26
    ➕
    MASKAME, William George appointed
    director
  17. 2024-02-26
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
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.
  • +Young company: Only 2.3 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

1 low
Multiple registered office changes
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Miss Sophie Mccalman
Individual · British · DOB 09/1994 · age 32
25–50%
25–50%board control25-50% shares · 25-50% voting · board control18/11/2025
Mr Philip Reid
Individual · British · DOB 12/1986 · age 40
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest17/06/2025
1 historic (ceased) PSC
  • Ms Patzi-George Maskameceased 01/05/2025· 75-100% shares · 75-100% voting · board control

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

Similar companies

Active · Agriculture · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
EAST COAST VINERS (PEAS AND BEANS) LIMITED→
SC465480 · est 2013
£8.08M
£6.21M–£9.94M
£13.37M—180012y8579y
TREETOP FORESTRY LIMITED→
SC292083 · est 2005
£5.00M
£3.85M–£6.15M
£12.98M—460020y8772y
ALTNAHARRA ESTATE LIMITED→
SC228455 · est 2002
£634.2k
£487.8k–£780.5k
——824y8571y
CHALLENGE FISHING COMPANY LIMITED→
SC192237 · est 1998
———627y8369y
FORTRIE FARMS LIMITED→
SC158055 · est 1995
———1031y8376y
GARDINER ICM LIMITED→
SC197812 · est 1999
——£2.60M—26y8364y
LORANTHUS FISHING COMPANY LIMITED→
SC312585 · est 2006
———019y8370y
M B AQUARIUS LIMITED→
SC259115 · est 2003
———022y8370y
M.V. QUANTUS LIMITED→
SC150141 · est 1994
——£32.29M—32y8369y
MEARNS TRACTORS LIMITED→
SC261246 · est 2003
———122y8362y
SHANNON FISHING LIMITED→
SC157000 · est 1995
——£24.40M—31y8379y
UNITED FISH SELLING LIMITED→
SC077168 · est 1982
———20044y8372y
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
Incorporated2024-02-26
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

14 Morven Crescent
Peterhead
Aberdeenshire
AB42 1LP
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05

Officers (2 active · 1 resigned)

MCCALMAN, Sophie→
director · ~32y · appointed 2025-11-18
View their other companies + combined net worth →
Active
REID, Philip→
director · ~40y · appointed 2025-06-17
View their other companies + combined net worth →
Active
MASKAME, William George→
director · ~63y · appointed 2024-02-26 · resigned 2025-06-17
Resigned

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

Recent filings (14 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-19
appoint-person-director-company-with-name-date
officers · AP01
2025-11-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-18
termination-director-company-with-name-termination-date
officers · TM01
2025-06-17
appoint-person-director-company-with-name-date
officers · AP01
2025-06-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-02
incorporation-company
incorporation · NEWINC
2024-02-26