GRAMPIAN SEA FISHING LIMITED

🌳Matureactive
SC062398 · ltd · incorporated 1977-05-25
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

22 live charges · 5 lenders · oldest 45.1y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 45.1 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: high (83/100)

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
75
Lenders & charges
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
19 officers (5 active, 19 linked, 12 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
30 connected companies via shared directors
90
Filing history
164 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees0500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (90 events)Click to expand
  1. 2026-03-28
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2025-12-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-12-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-12-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2021-12-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2020-12-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2020-09-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-09-01
    ➕
    CARDNO, David Alexander appointed
    director
  10. 2020-08-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-08-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-08-01
    ➕
    FARRAR, Paul Morgan appointed
    director
  13. 2020-07-31
    ➖
    REGAN, Andrew William resigned
    director
  14. 2019-12-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2018-12-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-12-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2016-12-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2016-01-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2014-11-25
    ➕
    FARRAR, Paul Morgan appointed
    secretary
  20. 2014-11-25
    ➖
    BURT, Christopher Brian resigned
    secretary
  21. 2011-03-14
    ➖
    WALKER, Michael Brian resigned
    director
  22. 2011-03-03
    ➕
    DOUGAL, Mark James appointed
    director
  23. 2011-03-03
    ➕
    MARR, Christian Leslie appointed
    director
  24. 2011-03-03
    ➕
    BURT, Christopher Brian appointed
    secretary
  25. 2011-03-03
    ➖
    LEDINGHAM CHALMERS LLP resigned
    corporate-secretary
  26. 2011-03-03
    ➖
    CRAIG, James Douglas resigned
    director
  27. 2011-03-03
    ➖
    PAYTON, Graham resigned
    director
  28. 2011-03-03
    ➕
    REGAN, Andrew William appointed
    director
  29. 2011-02-24
    🔓
    Charge satisfied #22
  30. 2011-02-15
    🔓
    Charge satisfied #23
  31. 2011-02-15
    🔓
    Charge satisfied #20
  32. 2011-02-15
    🔓
    Charge satisfied #19
  33. 2011-02-15
    🔓
    Charge satisfied #18
  34. 2011-02-15
    🔓
    Charge satisfied #17
  35. 2011-02-15
    🔓
    Charge satisfied #16
  36. 2011-02-15
    🔓
    Charge satisfied #14
  37. 2011-02-15
    🔓
    Charge satisfied #13
  38. 2011-02-15
    🔓
    Charge satisfied #12
  39. 2011-02-15
    🔓
    Charge satisfied #11
  40. 2011-02-15
    🔓
    Charge satisfied #10
  41. 2011-02-15
    🔓
    Charge satisfied #9
  42. 2011-02-15
    🔓
    Charge satisfied #8
  43. 2011-02-15
    🔓
    Charge satisfied #7
  44. 2011-02-15
    🔓
    Charge satisfied #6
  45. 2011-02-15
    🔓
    Charge satisfied #5
  46. 2011-02-15
    🔓
    Charge satisfied #4
  47. 2011-02-15
    🔓
    Charge satisfied #3
  48. 2011-02-15
    🔓
    Charge satisfied #2
  49. 2011-02-15
    🔓
    Charge satisfied #1
  50. 2010-04-18
    ➖
    CRAIG, David Baxter resigned
    director
Showing most recent 50 of 90 events

Owner dependency

50/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

53/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

Group structure

Peter & J. Johnstone Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Peter & J. Johnstone Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
GRAMPIAN SEA FISHING LIMITED
This company · SC062398

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
Peter & J. Johnstone Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Typeltd
Incorporated1977-05-25
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

C/O Peter & J Johnstone Limited
Bridge Street
Peterhead
AB42 1DH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (5 active · 14 resigned)

FARRAR, Paul Morgan→
secretary · appointed 2014-11-25
View their other companies + combined net worth →
Active
CARDNO, David Alexander→
director · ~45y · appointed 2020-09-01
View their other companies + combined net worth →
Active
DOUGAL, Mark James→
director · ~56y · appointed 2011-03-03
View their other companies + combined net worth →
Active
FARRAR, Paul Morgan→
director · ~51y · appointed 2020-08-01
View their other companies + combined net worth →
Active
MARR, Christian Leslie→
director · ~54y · appointed 2011-03-03
View their other companies + combined net worth →
Active
BURT, Christopher Brian→
secretary · appointed 2011-03-03 · resigned 2014-11-25
Resigned
A C MORRISON & RICHARDS→
corporate-secretary · appointed 1991-03-20 · resigned 1996-01-24
Resigned
COCKBURNS→
corporate-secretary · resigned 1991-03-20
Resigned
LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 2006-04-01 · resigned 2011-03-03
Resigned
LEDINGHAM CHALMERS LLP→
corporate-secretary · appointed 1996-01-24 · resigned 2006-04-01
Resigned
CAMPBELL, Jessie→
director · resigned 1991-03-20
Resigned
CAMPBELL, William→
director · ~98y · resigned 1991-03-20
Resigned
CRAIG, David Baxter→
director · ~110y · appointed 1991-03-20 · resigned 2010-04-18
Resigned
CRAIG, James Douglas→
director · ~77y · appointed 1991-03-20 · resigned 2011-03-03
Resigned
LINTS, Henry John→
director · ~75y · appointed 1991-03-20 · resigned 2006-09-18
Resigned
LYNCH, Patrick→
director · ~92y · appointed 1991-03-20 · resigned 1999-11-12
Resigned
PAYTON, Graham→
director · ~71y · appointed 2008-10-30 · resigned 2011-03-03
Resigned
REGAN, Andrew William→
director · ~64y · appointed 2011-03-03 · resigned 2020-07-31
Resigned
WALKER, Michael Brian→
director · ~63y · appointed 1999-01-01 · resigned 2011-03-14
Resigned

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

Mortgages & charges

22
Total charges
0
Outstanding
0
Active lenders
Status:Lender:22 of 22 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Ship mortgage1 property20/04/200115/02/2011
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property25/07/199124/02/2011
satisfied
The Secretary of State for Trade & Industry
Letter of consent1 property22/05/198915/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Second priority statutory mortgage1 property20/05/198915/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Fishing boat mortgage1 property05/08/198715/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of covenant1 property10/06/198715/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Statutory mortgage1 property10/06/198715/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property16/05/198728/06/1991
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Pledge agreement1 property26/01/198715/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Fishing boat mortgage1 property19/11/198615/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Fishing boat mortgage1 property19/11/198615/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of covenant1 property21/02/198615/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
First statutory mortgage1 property21/02/198615/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
First statutory mortgage1 property20/11/198515/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Deed of covenant1 property20/11/198515/02/2011
satisfied
The Secretary of State for Trade and Industry
Shipowners agreement1 property11/10/198515/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Pledge agreement1 property04/10/198515/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Pledge agreement1 property02/07/198515/02/2011
satisfied
The Secretary of State for Trade & Industry
Shipowners agreement1 property20/06/198515/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Mortgage1 property28/09/198115/02/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Mortgage1 property10/04/198115/02/2011
satisfied
White Fish Authority
Mortgage1 property31/03/198115/02/2011

Recent filings (164 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-03-28
accounts-with-accounts-type-small
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-03
accounts-with-accounts-type-small
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-02
accounts-with-accounts-type-small
accounts · AA
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-03
accounts-with-accounts-type-small
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-31
accounts-with-accounts-type-small
accounts · AA
2021-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-small
accounts · AA
2020-12-16
appoint-person-director-company-with-name-date
officers · AP01
2020-09-08
termination-director-company-with-name-termination-date
officers · TM01
2020-08-04