OCEAN QUEST (SCOTLAND) LLP
💤Zombieactive
SO300056 · llp · incorporated 2002-02-05
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£797.6k
book net assets
Opportunity
73/100
Strong
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · oldest 23.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
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 102Positive net assets
Net assets £797,610
Net assets shrinking
Down £47,622 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
Net Worth
£798k
↓ 5.6% YoY
Current Assets
£391k
↑ 18% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £954.5k | £1.13M |
| Current assets | £391.3k | £330.8k |
| Cash | £7.4k | — |
| Debtors | £383.9k | £330.8k |
| Net assets | £797.6k | £845.2k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
- 2026-02-05📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-05📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-11-06📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2024-11-06📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2024-11-05📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2024-11-05📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2024-11-05📄change-to-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC05
- 2024-11-05📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2024-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-07📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-07📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-09-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-08📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-08-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-10📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-06📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2020-01-15📄mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnershipmortgage · LLMR01
- 2020-01-08🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2019-10-29📄change-corporate-member-limited-liability-partnership-with-name-change-dateofficers · LLCH02
- 2019-08-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-02-22📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2018-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-08📄notification-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC02
- 2018-04-17➕JR COWIE LIMITED appointedcorporate-llp-designated-member
- 2018-04-17➖COWIE, James John resignedllp-designated-member
- 2018-01-01➕COWIE, James John appointedllp-designated-member
- 2018-01-01➖CALEY FISHERIES LIMITED resignedcorporate-llp-designated-member
- 2007-10-25🔓Charge satisfied #2
- 2007-08-10🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2007-08-01➖GLENN BUCHAN LIMITED resignedcorporate-llp-designated-member
- 2006-04-05➕J & M COWIE LIMITED appointedcorporate-llp-designated-member
- 2006-04-05➖BUCHAN, Glenn resignedllp-designated-member
- 2006-04-05➖COWIE, James John resignedllp-designated-member
- 2006-04-05➖COWIE, Marie resignedllp-member
- 2006-03-17➕GLENN BUCHAN LIMITED appointedcorporate-llp-designated-member
- 2002-08-09🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2002-07-29🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-02-05🏢Company incorporatedAs OCEAN QUEST (SCOTLAND) LLP
- 2002-02-05➕BUCHAN, Glenn appointedllp-designated-member
- 2002-02-05➕COWIE, James John appointedllp-designated-member
- 2002-02-05➕CALEY FISHERIES LIMITED appointedcorporate-llp-designated-member
- 2002-02-05➕COWIE, Marie appointedllp-member
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️
Jr Cowie Limited
Corporate parent
🏛️
J & M Cowie Limited
Corporate parent
⬇
OCEAN QUEST (SCOTLAND) LLP
This company · SO300056
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 |
|---|---|---|---|---|
Jr Cowie Limited Corporate entity | — | — | control reported | 17/04/2018 |
J & M Cowie Limited Corporate entity | — | — | control reported | 06/04/2016 |
1 historic (ceased) PSC
- Caley Fisheries Limitedceased 01/01/2018· control reported
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| JET INSPECTION SERVICES LIMITED→ SC768769 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MORGAN MUNRO LIMITED→ SC214000 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| NVE SUBSEA SERVICES LIMITED→ SC382200 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| OCEAN FISHING LLP→ SO308081 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ODWYER SUBSEA LTD→ SC704220 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ONYX INTERIOR DESIGN LIMITED→ SC827720 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| OPO SERVICES LIMITED→ SC697115 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ORKA SOLUTIONS LIMITED→ SC736801 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| OVERSEAS ASSISTANCE SOLUTIONS (HOLDINGS) LIMITED→ SC282082 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| PAGODA SCOTLAND LIMITED→ SC202115 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| PARADIGM FIRE PROTECTION SERVICES LIMITED→ SC749835 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PARADIGM FLOW SERVICES LIMITED→ SC749850 · est 2022 · 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
Typellp
Incorporated2002-02-05
Jurisdictionscotland
Primary SIC—
Registered office
1/3 Dalrymple Street
Fraserburgh
Aberdeenshire
AB43 9BH
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-19
Last: 2026-02-05
Officers (2 active · 6 resigned)
J & M COWIE LIMITED→
Activecorporate-llp-designated-member · appointed 2006-04-05
View their other companies + combined net worth →
JR COWIE LIMITED→
Activecorporate-llp-designated-member · appointed 2018-04-17
View their other companies + combined net worth →
BUCHAN, Glenn→
Resignedllp-designated-member · ~56y · appointed 2002-02-05 · resigned 2006-04-05
COWIE, James John→
Resignedllp-designated-member · ~72y · appointed 2018-01-01 · resigned 2018-04-17
COWIE, James John→
Resignedllp-designated-member · ~72y · appointed 2002-02-05 · resigned 2006-04-05
CALEY FISHERIES LIMITED→
Resignedcorporate-llp-designated-member · appointed 2002-02-05 · resigned 2018-01-01
GLENN BUCHAN LIMITED→
Resignedcorporate-llp-designated-member · appointed 2006-03-17 · resigned 2007-08-01
COWIE, Marie→
Resignedllp-member · ~67y · appointed 2002-02-05 · resigned 2006-04-05
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 08/01/2020 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Shipping mortgage | 1 property | 10/08/2007 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Ship mortgage | 1 property | 09/08/2002 | 25/10/2007 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/07/2002 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (80 total)
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-02-05
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2024-11-06
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2024-11-06
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2024-11-05
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2024-11-05
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2024-11-05
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2024-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-04
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-02-08