FARSTAD SHIPPING LIMITED
🌳Matureactive
SC094889 · ltd · incorporated 1985-08-30
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
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
22 live charges · 8 lenders · oldest 36.7y
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 36.7 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (59/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
22 charges (22/22 with lender, 22/22 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 12 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
203 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (95 events)Click to expand
- 2025-08-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01🔓Charge satisfied #23
- 2024-11-01🔓Charge satisfied #22
- 2024-11-01🔓Charge satisfied #20
- 2024-11-01🔓Charge satisfied #19
- 2024-11-01🔓Charge satisfied #18
- 2024-11-01🔓Charge satisfied #17
- 2024-11-01🔓Charge satisfied #16
- 2024-11-01🔓Charge satisfied #15
- 2024-11-01🔓Charge satisfied #14
- 2024-11-01🔓Charge satisfied #13
- 2024-11-01🔓Charge satisfied #12
- 2024-11-01🔓Charge satisfied #11
- 2024-11-01🔓Charge satisfied #10
- 2024-11-01🔓Charge satisfied #9
- 2024-11-01🔓Charge satisfied #8
- 2024-11-01🔓Charge satisfied #7
- 2024-11-01🔓Charge satisfied #6
- 2024-11-01🔓Charge satisfied #5
- 2024-11-01🔓Charge satisfied #4
- 2024-11-01🔓Charge satisfied #3
- 2024-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-31➕MACKINNONS SOLICITORS LLP appointedcorporate-secretary
- 2020-12-31➖MACKINNONS resignedcorporate-secretary
- 2020-10-08➖JONES, Graham Edward resigneddirector
- 2017-10-24➕DALE, Graham Alexander appointeddirector
- 2017-10-24➕SOLSTAD, Lars Peder appointeddirector
- 2017-10-24➖BAKKEN, Karl Johan resigneddirector
- 2017-10-24➖MAXWELL, John Richard resigneddirector
- 2012-07-02🔒Charge registered #23Lender: Dnb Bank Asa
Showing most recent 50 of 95 events
Owner dependency
73/100
High — earn-out structure requiredMaterial 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 70 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 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 41 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Solstad Offshore Asa is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Solstad Offshore Asa
Corporate parent · holds 75-100% shares
⬇
FARSTAD SHIPPING LIMITED
This company · SC094889
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Solstad Offshore Asa Corporate entity | 75–100% | — | 75-100% shares | 04/03/2021 |
1 historic (ceased) PSC
- Farstad Shipping Asaceased 16/09/2020· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
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 · Transport & logistics · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CK-KS COURIERS LIMITED→ SC365735 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| COMMERCIAL MOVES GROUP LIMITED→ SC552654 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| E & M LEES LTD→ SC725152 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| EDDA SUPPLY SHIPS III LIMITED→ SC666249 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ELECTRIC SCRIBE 2000 LIMITED→ SC214214 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| ESWL LIMITED→ SC374888 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| EXCEL MAINTENANCE WESTHILL LTD→ SC401191 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| EYES ON THE ROAD LTD→ SC822235 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| F.H. BERTLING LOGISTICS ABERDEEN LIMITED→ SC463202 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| FALCON COACH HIRE LIMITED→ SC165541 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| FEARS MARINE CONSULTANTS LTD→ SC600535 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| FERGUSON LOGISTICS INTERNATIONAL LIMITED→ SC872293 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Typeltd
Incorporated1985-08-30
Jurisdictionscotland
Primary SIC50200 — SIC 50200
Registered office
Neo House C/O Solstad Offshore Uk Ltd
Riverside Drive
Aberdeen
AB11 7LH
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (3 active · 14 resigned)
MACKINNONS SOLICITORS LLP→
Activecorporate-secretary · appointed 2020-12-31
View their other companies + combined net worth →
DALE, Graham Alexander→
Activedirector · ~70y · appointed 2017-10-24
View their other companies + combined net worth →
SOLSTAD, Lars Peder→
Activedirector · ~55y · appointed 2017-10-24
View their other companies + combined net worth →
DONNELLY, Margaret Crawford→
Resignedsecretary · appointed 1990-05-01 · resigned 1996-05-13
MACKINNONS→
Resignedcorporate-secretary · appointed 1996-06-10 · resigned 2020-12-31
PETERKINS, SOLICITORS→
Resignedcorporate-nominee-secretary · appointed 1990-01-01 · resigned 1990-05-01
ANDERSEN, Terje Johannes Kolberg→
Resigneddirector · ~82y · appointed 1989-07-01 · resigned 2006-02-21
BAKKEN, Karl Johan→
Resigneddirector · ~68y · appointed 2006-02-21 · resigned 2017-10-24
DONNELLY, James Harkness→
Resigneddirector · ~78y · resigned 1994-10-31
DONNELLY, Margaret Crawford→
Resigneddirector · resigned 1989-06-30
FARSTAD, Sverre Andreas→
Resigneddirector · ~74y · appointed 1989-07-01 · resigned 2003-09-17
HAVNES, Bjorn→
Resigneddirector · ~79y · appointed 1993-03-11 · resigned 2001-07-31
JONES, Graham Edward→
Resigneddirector · ~61y · appointed 2001-08-01 · resigned 2020-10-08
MAUDSLEY, Peter Richard→
Resigneddirector · ~74y · resigned 1992-04-30
MAXWELL, John Richard→
Resigneddirector · ~68y · appointed 2001-05-01 · resigned 2017-10-24
SHEPHERD, Richard Kennedy→
Resigneddirector · ~83y · appointed 2001-08-01 · resigned 2003-09-17
STAVSENG, Torstein→
Resigneddirector · ~73y · appointed 1993-03-11 · resigned 2001-07-31
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Dnb Bank Asa | Mortgage | 1 property | 02/07/2012 | 01/11/2024 | |
| satisfied | Dnb Bank Asa | Deed of covenants | 1 property | 02/07/2012 | 01/11/2024 | |
| satisfied | Dnb Nor Bank Asa | Ship mortgage | 1 property | 24/08/2010 | 01/11/2024 | |
| satisfied | Dnb Nor Bank Asa | Deed of covenants | 1 property | 24/08/2010 | 01/11/2024 | |
| satisfied | Dnb Nor Bank Asa | Deed of covenants | 1 property | 29/03/2007 | 01/11/2024 | |
| satisfied | Dnb Nor Bank Asa | Mortgage | 1 property | 29/03/2007 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 08/12/2003 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 08/12/2003 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 08/12/2003 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 10/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 10/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa | Ship mortgage | 1 property | 10/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Deed of covenant | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Deed of covenant | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Deed of covenant | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Ship mortgage | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Ship mortgage | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Den Norske Bank Asa and Others | Ship mortgage | 1 property | 01/10/2002 | 01/11/2024 | |
| satisfied | Saltire Shipping (UK) Saltire Shipping (UK) Limited | Deed of general assignment | 1 property | 29/06/2001 | 01/11/2024 | |
| satisfied | Scotia Shipping Scotia Shipping Limited | Deed of general assignment | 1 property | 29/06/2001 | 01/11/2024 | |
| satisfied | Norges Hypotekinstitutt a/S | First assignment of earnings | 1 property | 25/08/1989 | 10/02/2003 | |
| satisfied | Sunnmors Banken a/S | Second assignment of earnings | 1 property | 25/08/1989 | 10/02/2003 |
Recent filings (203 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-01