SOUTH HARRIS SEAFOODS LIMITED

⚰️Wound downliquidation
SC090120 · ltd · incorporated 1984-10-18
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
not disclosed
Net worth
book net assets
Opportunity
34/100
Pass
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Investor take
Pass (distressed without resilience)
Distressed low-transparency controlled group — structural issues outweigh the discount.

Opportunity 34/100 (pass), bankability 22/100. Strong seller-intent signal (73/100, director aged 80). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (75/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 41.2y

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 41.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (45/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 1 with DOB)
77
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
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
34/100Pass
PassWatchWorth a lookStrongExceptional 

Clear signal to pass. Time better spent elsewhere unless you have a specific strategic angle.

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
5
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 1994-08-02
    ⚠️
    liquidation-voluntary-arrangement-notice-completion-scotland
    insolvency · 1.4(Scot)
  2. 1994-04-07
    ⚠️
    liquidation-voluntary-supervisors-abstracts-of-receipts-payments-scotland
    insolvency · 1.3(Scot)
  3. 1994-02-14
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments-scotland
    insolvency · 2.9(Scot)
  4. 1994-02-14
    ⚠️
    liquidation-voluntary-supervisors-abstracts-of-receipts-payments-scotland
    insolvency · 1.3(Scot)
  5. 1992-03-05
    📄
    legacy
    mortgage · 419a(Scot)
  6. 1992-03-05
    🔓
    Charge satisfied #5
  7. 1992-01-13
    ⚠️
    liquidation-compulsory-winding-up-order-scotland
    insolvency · 4.2(Scot)
  8. 1991-12-05
    📄
    legacy
    mortgage · 419a(Scot)
  9. 1991-12-05
    🔓
    Charge satisfied #1
  10. 1991-11-07
    📄
    miscellaneous
    miscellaneous · MISC
  11. 1991-11-07
    ⚠️
    liquidation-voluntary-arrangement-meeting-approving-creditors-voluntary-arrangement-scotland
    insolvency · 1.1(Scot)
  12. 1991-06-18
    ⚠️
    liquidation-administration-administrators-abstracts-of-receipts-and-payments-scotland
    insolvency · 2.9(Scot)
  13. 1991-01-29
    📄
    miscellaneous
    miscellaneous · MISC
  14. 1991-01-29
    📄
    miscellaneous
    miscellaneous · MISC
  15. 1991-01-23
    📍
    legacy
    address · 287
  16. 1989-12-06
    📄
    miscellaneous
    miscellaneous · MISC
  17. 1989-12-06
    📄
    miscellaneous
    miscellaneous · MISC
  18. 1989-11-07
    📄
    miscellaneous
    miscellaneous · MISC
  19. 1989-11-06
    📄
    mortgage-alter-floating-charge
    mortgage · 466(Scot)
  20. 1989-11-06
    📄
    mortgage-alter-floating-charge
    mortgage · 466(Scot)
  21. 1989-11-02
    📄
    miscellaneous
    miscellaneous · MISC
  22. 1989-08-30
    📄
    legacy
    mortgage · 419a(Scot)
  23. 1989-08-30
    🔓
    Charge satisfied #2
  24. 1989-07-04
    📄
    legacy
    mortgage · 410(Scot)
  25. 1989-06-23
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  26. 1989-02-20
    📄
    legacy
    annual-return · 363
  27. 1989-02-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  28. 1988-03-09
    📄
    legacy
    accounts · 225(2)
  29. 1988-02-15
    📄
    legacy
    annual-return · 363
  30. 1986-11-19
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  31. 1985-01-31
    🔒
    Charge registered #1
    Lender: The Highlands & Islands Dev. Board
  32. 1984-10-18
    🏢
    Company incorporated
    As SOUTH HARRIS SEAFOODS LIMITED

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

76/100
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 80 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 42 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

4 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1990-06-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-11-01

Company in liquidation
high

Company is actively being wound up. Not a going concern.

7 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 1994-08-02: liquidation-voluntary-arrangement-notice-completion-scotland; 1994-04-07: liquidation-voluntary-supervisors-abstracts-of-receipts-payments-scotland

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.

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12 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

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Company details

Statusliquidation
Typeltd
Incorporated1984-10-18
Jurisdictionscotland
Primary SIC

Registered office

199 St Vincent Street
Glasgow
G2 5QD

Filing status

Accounts
Next due: 1990-06-30OVERDUE
Last made up to: 1988-08-26
Confirmation statement
Next due: 2016-11-01OVERDUE
Last:

Officers (3 active · 0 resigned)

FERRIS, Michael Ian
secretary
View their other companies + combined net worth →
Active
FERRIS, Michael Ian
director · ~80y
View their other companies + combined net worth →
Active
MACKAY, Gordon Crawford
director
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property23/06/198905/03/1992
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property19/11/198630/08/1989
satisfied
The Highlands & Islands Dev. Board
Instrument of charge1 property31/01/198505/12/1991

Recent filings (29 total)

liquidation-voluntary-arrangement-notice-completion-scotland
insolvency · 1.4(Scot)
1994-08-02
liquidation-voluntary-supervisors-abstracts-of-receipts-payments-scotland
insolvency · 1.3(Scot)
1994-04-07
liquidation-administration-administrators-abstracts-of-receipts-and-payments-scotland
insolvency · 2.9(Scot)
1994-02-14
liquidation-voluntary-supervisors-abstracts-of-receipts-payments-scotland
insolvency · 1.3(Scot)
1994-02-14
legacy
mortgage · 419a(Scot)
1992-03-05
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
1992-01-13
legacy
mortgage · 419a(Scot)
1991-12-05
miscellaneous
miscellaneous · MISC
1991-11-07
liquidation-voluntary-arrangement-meeting-approving-creditors-voluntary-arrangement-scotland
insolvency · 1.1(Scot)
1991-11-07
liquidation-administration-administrators-abstracts-of-receipts-and-payments-scotland
insolvency · 2.9(Scot)
1991-06-18
miscellaneous
miscellaneous · MISC
1991-01-29
miscellaneous
miscellaneous · MISC
1991-01-29
legacy
address · 287
1991-01-23
miscellaneous
miscellaneous · MISC
1989-12-06
miscellaneous
miscellaneous · MISC
1989-12-06