FAVONIUS FISHING LLP

💤Zombieactive
SO300099 · llp · incorporated 2002-05-15
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 Apr 2025
Net worth
£865.7k
book net assets
Opportunity
73/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -87% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 23.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 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 102
Positive net assets
Net assets £865,726
Cash draining
Cash down 87% YoY
Cash YoY
-87%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£746
↓ 87% YoY
Net Worth
£866k
~ YoY
Current Assets
£481k
↑ 9.7% YoY
Current Liabilities
—
£0£173k£346k£519k£693k£866kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Total assets£1.62M£1.67M
Current assets£480.5k£438.2k
Cash£746£5.6k
Debtors£479.8k£432.6k
Net assets£865.7k£865.7k

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 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-15
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2024-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-10-25
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  5. 2024-05-16
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  6. 2024-02-07
    📍
    change-sail-address-limited-liability-partnership-with-old-address-new-address
    address · LLAD02
  7. 2024-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-27
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2023-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-06-07
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2022-05-26
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  13. 2022-05-26
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  14. 2022-05-26
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  15. 2022-03-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2022-03-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2021-07-26
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2021-07-23
    📄
    notification-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC02
  19. 2021-07-23
    📄
    cessation-of-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC07
  20. 2021-07-19
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  21. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2021-05-17
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  23. 2021-05-17
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  24. 2021-01-01
    ➕
    OCEAN 17 LIMITED appointed
    corporate-llp-designated-member
  25. 2021-01-01
    ➖
    BUCHAN, Philip Arthur resigned
    llp-designated-member
  26. 2020-12-31
    ➖
    BUCHAN, Andrew Hay resigned
    llp-designated-member
  27. 2020-06-01
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  28. 2020-06-01
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  29. 2020-02-28
    ➖
    BUCHAN, Andrew resigned
    llp-designated-member
  30. 2020-02-28
    ➖
    OCEAN 17 LIMITED resigned
    corporate-llp-designated-member
  31. 2020-02-28
    ➖
    WESTWINDS INVESTMENTS LIMITED resigned
    corporate-llp-designated-member
  32. 2013-04-06
    ➕
    OCEAN 17 LIMITED appointed
    corporate-llp-designated-member
  33. 2013-04-06
    ➕
    WESTWINDS INVESTMENTS LIMITED appointed
    corporate-llp-designated-member
  34. 2010-06-29
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  35. 2003-06-19
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 2002-06-27
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 2002-05-15
    🏢
    Company incorporated
    As FAVONIUS FISHING LLP
  38. 2002-05-15
    ➕
    CALEY FISHERIES LIMITED appointed
    corporate-llp-designated-member
  39. 2002-05-15
    ➕
    BUCHAN, Andrew Hay appointed
    llp-designated-member
  40. 2002-05-15
    ➕
    BUCHAN, Andrew appointed
    llp-designated-member
  41. 2002-05-15
    ➕
    BUCHAN, Philip Arthur appointed
    llp-designated-member

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

40/100
Moderate signal

Some 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Ocean 17 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ocean 17 Limited
Corporate parent
⬇
FAVONIUS FISHING LLP
This company · SO300099

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ocean 17 Limited
Corporate entity
—75–100%75-100% voting31/12/2020
1 historic (ceased) PSC
  • Andrew Buchanceased 31/12/2020· 25-50% voting

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

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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
Incorporated2002-05-15
Jurisdictionscotland
Primary SIC—

Registered office

5-8 Bridge Street
Peterhead
AB42 1DH
United Kingdom

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-05-29
Last: 2025-05-15

Officers (2 active · 5 resigned)

CALEY FISHERIES LIMITED→
corporate-llp-designated-member · appointed 2002-05-15
View their other companies + combined net worth →
Active
OCEAN 17 LIMITED→
corporate-llp-designated-member · appointed 2021-01-01
View their other companies + combined net worth →
Active
BUCHAN, Andrew Hay→
llp-designated-member · ~59y · appointed 2002-05-15 · resigned 2020-12-31
Resigned
BUCHAN, Andrew→
llp-designated-member · ~83y · appointed 2002-05-15 · resigned 2020-02-28
Resigned
BUCHAN, Philip Arthur→
llp-designated-member · ~53y · appointed 2002-05-15 · resigned 2021-01-01
Resigned
OCEAN 17 LIMITED→
corporate-llp-designated-member · appointed 2013-04-06 · resigned 2020-02-28
Resigned
WESTWINDS INVESTMENTS LIMITED→
corporate-llp-designated-member · appointed 2013-04-06 · resigned 2020-02-28
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Mortgage1 property29/06/2010—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Ship mortgage1 property19/06/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property27/06/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-29
change-corporate-member-limited-liability-partnership-with-name-change-date
officers · LLCH02
2024-10-25
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-05-16
change-sail-address-limited-liability-partnership-with-old-address-new-address
address · LLAD02
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-07-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-06-07
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC05
2022-05-26
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2022-05-26
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2022-05-26
gazette-filings-brought-up-to-date
gazette · DISS40
2022-03-02