THE SCOTTISH WHITE FISH PRODUCERS' ASSOCIATION LIMITED

🌳Matureactive

SC022672 · private-limited-guarant-nsc · incorporated 1944-02-09

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£1.87M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 1.0y

10/100

under pressure

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

· Newest facility, 1.0 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

100 officers (19 active, 100 linked, 92 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

9 connected companies via shared directors

Filing history

449 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,872,785

Cash YoY

-33%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£979k

↓ 33% YoY

Net Worth

£1.9m

↑ 16% YoY

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Cash	£978.5k	£1.45M
Net assets	£1.87M	£1.62M

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

filings

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 7 officers

Counts from Companies House filing history.

Corporate timeline (193 events)Click to expand

2026-03-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-09
➕
BUCHAN, John William appointed
director
2026-02-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-26
➕
WEST, George appointed
director
2025-11-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-19
➖
BUCHAN, John resigned
director
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-10-22
➖
COWIE, James John resigned
director
2025-10-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-20
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-23
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2025-03-12
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-07-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-12
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-02
➖
BREMNER, Andrew Bain resigned
director
2023-08-02
➖
CAMPBELL, Andrew resigned
director
2023-08-02
➖
HARCUS, Iain Thomas resigned
director
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-02
➖
BRUCE, Martin Duthie resigned
director
2021-12-22
➕
BRUCE, Peter appointed
director
2021-12-22
➖
BEAGRIE, Wayne resigned
director
2021-12-22
➕
BREMNER, Andrew Bain appointed
director
2021-06-21
➕
BROWN, Andrew Donald, Dr appointed
director
2021-06-21
➖
MACALISTER, John resigned
director
2020-06-01
➕
BEAGRIE, Wayne appointed
director
2020-01-27
➕
ANDERSON, Donald appointed
director
2019-12-20
➖
ANDERSON, Anne-Margaret resigned
director
2019-12-20
➖
DE BOER, Femke Bente resigned
director
2019-12-19
➖
DUTHIE, Ian resigned
director
2019-12-18
➖
BUCHAN, Michael resigned
director
2018-12-19
➕
BUCHAN, Graeme Wilson appointed
director
2018-12-19
➖
BUCHAN, Andrew resigned
director
2018-11-08
➖
BREMNER, Andrew Bain resigned
director
2018-09-12
➕
BUCHAN, John appointed
director
2018-09-11
➖
BUCHAN, Brian resigned
director
2018-09-06
➖
MACKAY, Jay Scott resigned
director
2018-03-08
➕
CAMPBELL, Andrew appointed
director

Showing most recent 50 of 193 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-19 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BUCHAN, John resigned 2025-11-19; COWIE, James John resigned 2025-10-22

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Park Individual · British · DOB 06/1959 · age 67	—	—	sig. influencesignificant influence	10/06/2016

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Agriculture · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FYVIE ESTATE MANAGEMENT COMPANY LIMITED→ SC052080 · est 1972 · no financials extracted	—	—	—	—	53y	—	—
GRAMPIAN AGRICULTURAL SERVICES LTD.→ SC294646 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
GREEN FORREST LIMITED→ SC625354 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
GROUND BOUND LTD→ SC853435 · est 2025 · no financials extracted	—	—	—	—	—	—	—
GROW GREENER LTD→ SC663559 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
HAPPY HOG LTD→ SC713332 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
HARESTONE MOSS FARMS LTD→ SC596676 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
HARPER CONTRACTS INSCH LTD.→ SC621751 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
HARRY EMSLIE FARMERS LIMITED→ SC063546 · est 1977 · no financials extracted	—	—	—	—	48y	—	—
HARRY SMITH FISHING LIMITED→ SC523138 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
HARVEST FISHING COMPANY LIMITED→ SC197465 · est 1999 · no financials extracted	—	—	—	—	26y	—	—
HATTON ESTATE TURRIFF LTD→ SC615528 · est 2018 · no financials extracted	—	—	—	—	7y	—	—

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated1944-02-09

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Kinnaird House

South Harbour Road

Fraserburgh

Aberdeenshire

AB43 9TA

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-06-14

Last: 2025-05-31