REAPER FISHING LLP

💤Zombieactive
SO300128 · llp · incorporated 2002-08-14
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
—
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 23.2y

15/100
under pressure

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

  • · Oldest live charge is 23.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · 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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
64 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
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£1.50M£1.43M
Debtors£1.26M£1.18M

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-08-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  3. 2025-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-21
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  5. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-08-22
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  7. 2023-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-15
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  9. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-21
    📄
    appoint-corporate-member-limited-liability-partnership-with-appointment-date
    officers · LLAP02
  11. 2021-12-15
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  12. 2021-12-13
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC04
  13. 2021-12-13
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  14. 2021-09-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  15. 2021-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-08-18
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  17. 2020-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-08-19
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  19. 2019-01-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-08-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  21. 2018-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2017-08-28
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  23. 2017-05-01
    ➕
    REAPER (FRASERBURGH) FISHING SERVICES LIMITED appointed
    corporate-llp-designated-member
  24. 2017-02-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2017-01-26
    📄
    change-account-reference-date-limited-liability-partnership-previous-shortened
    accounts · LLAA01
  26. 2016-08-17
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  27. 2016-05-21
    🔓
    Charge satisfied #2
  28. 2016-05-21
    🔓
    Charge satisfied #1
  29. 2016-04-13
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  30. 2015-05-01
    ➕
    DUTHIE, Sonia appointed
    llp-designated-member
  31. 2008-08-05
    🔒
    Charge registered #4
    Lender: Clydesdale Bank PLC
  32. 2008-07-31
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  33. 2008-07-14
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  34. 2005-04-30
    ➖
    ROSIE, Ian resigned
    llp-designated-member
  35. 2003-02-21
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 2003-02-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 2002-08-14
    🏢
    Company incorporated
    As REAPER FISHING LLP
  38. 2002-08-14
    ➕
    DUTHIE, Ian appointed
    llp-designated-member
  39. 2002-08-14
    ➕
    PETER & J. JOHNSTONE LIMITED appointed
    corporate-llp-designated-member
  40. 2002-08-14
    ➕
    ROSIE, Ian 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ian Duthie
Individual · British · DOB 04/1962 · age 64
——sig. influencesignificant influence06/08/2016

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
Incorporated2002-08-14
Jurisdictionscotland
Primary SIC—

Registered office

5-8 Bridge Street
Peterhead
Aberdeenshire
AB42 1DH
Scotland

Filing status

Accounts
Next due: 2027-01-29
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-28
Last: 2025-08-14

Officers (4 active · 1 resigned)

DUTHIE, Ian→
llp-designated-member · ~64y · appointed 2002-08-14
View their other companies + combined net worth →
Active
DUTHIE, Sonia→
llp-designated-member · ~58y · appointed 2015-05-01
View their other companies + combined net worth →
Active
PETER & J. JOHNSTONE LIMITED→
corporate-llp-designated-member · appointed 2002-08-14
View their other companies + combined net worth →
Active
REAPER (FRASERBURGH) FISHING SERVICES LIMITED→
corporate-llp-designated-member · appointed 2017-05-01
View their other companies + combined net worth →
Active
ROSIE, Ian→
llp-designated-member · ~64y · appointed 2002-08-14 · resigned 2005-04-30
Resigned

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

Mortgages & charges

6
Total charges
4
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—13/04/2016—
outstanding
Virgin Money
Clydesdale Bank PLC
Mortgage of a ship1 property05/08/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Deed of undertakings (incorporating assignation)1 property31/07/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property14/07/2008—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/02/200321/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Ship mortgage1 property19/02/200321/05/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-03
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
appoint-corporate-member-limited-liability-partnership-with-appointment-date
officers · LLAP02
2021-12-21
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2021-12-15
change-to-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC04
2021-12-13
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2021-12-13
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-22