KARELLE FISHING LLP

💤Zombieactive
SO306010 · llp · incorporated 2017-03-09
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 Mar 2025
Net worth
—
book net assets
Opportunity
71/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · oldest 4.9y

35/100
under pressure

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

  • · Charge age ~4.9 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 0 with DOB)
70
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
£920k
↑ 180% YoY
Net Worth
—
Current Assets
£2.2m
↓ 6.1% YoY
Current Liabilities
—
£0£463k£926k£1.4m£1.9m£2.3mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£3.63M£3.13M
Current assets£2.18M£2.32M
Cash£920.3k£329.0k
Debtors£1.25M£1.98M

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
4
filings
  • • 2 mortgage
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
4
filings
  • • 2 mortgage
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2026-03-25
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  2. 2026-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-03-09
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  4. 2026-03-09
    🔓
    Charge satisfied #2
  5. 2026-02-26
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  6. 2026-02-26
    🔓
    Charge satisfied #4
  7. 2025-04-10
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  8. 2025-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-04-05
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  10. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-24
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  12. 2023-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-02-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  14. 2023-02-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  15. 2023-02-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  16. 2023-02-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  17. 2023-02-01
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  18. 2023-02-01
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  19. 2023-02-01
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  20. 2023-02-01
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2022-04-06
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  22. 2022-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2021-10-08
    📄
    change-to-a-person-with-significant-control-limited-liability-partnership
    persons-with-significant-control · LLPSC05
  24. 2021-10-08
    📄
    change-corporate-member-limited-liability-partnership-with-name-change-date
    officers · LLCH02
  25. 2021-10-08
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  26. 2021-06-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  27. 2021-06-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  28. 2021-04-23
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  29. 2020-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  30. 2020-04-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  31. 2020-03-18
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  32. 2019-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  33. 2017-03-09
    🏢
    Company incorporated
    As KARELLE FISHING LLP
  34. 2017-03-09
    ➕
    GEORGE WEST LIMITED appointed
    corporate-llp-designated-member
  35. 2017-03-09
    ➕
    SMITH ESTATES PETERHEAD LTD. appointed
    corporate-llp-designated-member

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

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

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

2 corporate shareholders identified. Group structure is distributed.

🏛️
Smith Estates Peterhead Ltd.
Corporate parent
🏛️
George West Limited
Corporate parent
⬇
KARELLE FISHING LLP
This company · SO306010

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Smith Estates Peterhead Ltd.
Corporate entity
—25–50%25-50% voting09/03/2017
George West Limited
Corporate entity
—25–50%25-50% voting09/03/2017

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
Incorporated2017-03-09
Jurisdictionscotland
Primary SIC—

Registered office

Colaren House
Burnthill Farm
Fraserburgh
Aberdeenshire
AB43 7EJ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-05
Last: 2026-03-22

Officers (2 active · 0 resigned)

GEORGE WEST LIMITED→
corporate-llp-designated-member · appointed 2017-03-09
View their other companies + combined net worth →
Active
SMITH ESTATES PETERHEAD LTD.→
corporate-llp-designated-member · appointed 2017-03-09
View their other companies + combined net worth →
Active

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

Mortgages & charges

5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property01/02/2023—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property01/02/202326/02/2026
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property01/02/2023—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property01/02/202309/03/2026
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—16/06/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-10
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2026-03-09
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-02-07
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-04-06