HIGHLAND SMOKED SALMON (SCOTLAND) LIMITED

🌳Matureactive
SC124381 · ltd · incorporated 1990-04-12
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
79/100
Strong
🔔
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. 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 (65/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 35.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 35.2 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (57/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
14 officers (5 active, 14 linked, 8 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
146 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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
0
filings
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
  1. 2025-06-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-07-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-07-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2022-07-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2021-06-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2020-06-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2019-07-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2018-06-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2017-07-03
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  10. 2016-07-09
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  11. 2016-07-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2016-05-27
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  13. 2016-05-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2016-01-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2015-08-13
    KEARNEY, Simon resigned
    director
  16. 2015-05-13
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  17. 2015-04-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2010-11-03
    SEMPLE, Colin appointed
    director
  19. 2010-03-17
    🔒
    Charge registered #8
    Lender: Lloyds Tsb Scotland PLC
  20. 2010-01-14
    🔓
    Charge satisfied #6
  21. 2008-11-11
    🔓
    Charge satisfied #5
  22. 2007-12-20
    🔒
    Charge registered #7
    Lender: Lloyds Tsb Scotland PLC
  23. 2007-03-05
    KEARNEY, Simon appointed
    director
  24. 2006-01-27
    PARSONS, Timothy John appointed
    secretary
  25. 2006-01-27
    OATES, Timothy Richard appointed
    director
  26. 2006-01-27
    PARSONS, Timothy John appointed
    director
  27. 2006-01-27
    PARSONS, Ralph Andrew resigned
    secretary
  28. 2006-01-27
    PARSONS, Ralph Andrew resigned
    director
  29. 2006-01-11
    🔓
    Charge satisfied #4
  30. 2005-06-08
    🔓
    Charge satisfied #1
  31. 2005-06-01
    🔓
    Charge satisfied #3
  32. 2004-10-11
    🔓
    Charge satisfied #2
  33. 2004-06-11
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland Commercial Services Limited
  34. 2004-06-04
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  35. 2002-05-30
    HENDERSON, Elizabeth resigned
    secretary
  36. 2002-05-30
    PARSONS, Ralph Andrew appointed
    secretary
  37. 2002-05-30
    MCLEAN, Mairi resigned
    director
  38. 2002-05-30
    PARSONS, Ralph Andrew appointed
    director
  39. 2002-05-30
    RITCHIE, Douglas resigned
    director
  40. 1999-03-30
    RITCHIE, Douglas appointed
    director
  41. 1998-01-22
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  42. 1995-05-11
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  43. 1994-08-12
    HENDERSON, Elizabeth appointed
    director
  44. 1992-02-10
    MCLEAN, Danny resigned
    secretary
  45. 1991-05-14
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  46. 1991-02-25
    🔒
    Charge registered #1
    Lender: Highlands and Islands Development Board
  47. 1990-08-01
    MCLEAN, Danny appointed
    secretary
  48. 1990-04-12
    🏢
    Company incorporated
    As HIGHLAND SMOKED SALMON (SCOTLAND) LIMITED
  49. 1990-04-12
    HENDERSON, Elizabeth appointed
    secretary
  50. 1990-04-12
    REID, Brian appointed
    nominee-secretary
Showing most recent 50 of 54 events

Owner dependency

58/100
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 32 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 36 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

Highland Smoked Salmon (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Highland Smoked Salmon (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
HIGHLAND SMOKED SALMON (SCOTLAND) LIMITED
This company · SC124381

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
Highland Smoked Salmon (Holdings) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/06/2016

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 →

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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
Incorporated1990-04-12
Jurisdictionscotland
Primary SIC10200 — SIC 10200

Registered office

Units 1-4
Blar Mhor Industrial Estate
Fort William
PH33 7PT

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-04-26
Last: 2025-04-12

Officers (5 active · 9 resigned)

PARSONS, Timothy John
secretary · appointed 2006-01-27
View their other companies + combined net worth →
Active
HENDERSON, Elizabeth
director · ~55y · appointed 1994-08-12
View their other companies + combined net worth →
Active
OATES, Timothy Richard
director · ~61y · appointed 2006-01-27
View their other companies + combined net worth →
Active
PARSONS, Timothy John
director · ~61y · appointed 2006-01-27
View their other companies + combined net worth →
Active
SEMPLE, Colin
director · ~56y · appointed 2010-11-03
View their other companies + combined net worth →
Active
HENDERSON, Elizabeth
secretary · appointed 1990-04-12 · resigned 2002-05-30
Resigned
MCLEAN, Danny
secretary · appointed 1990-08-01 · resigned 1992-02-10
Resigned
PARSONS, Ralph Andrew
secretary · appointed 2002-05-30 · resigned 2006-01-27
Resigned
REID, Brian
nominee-secretary · appointed 1990-04-12 · resigned 1990-04-12
Resigned
KEARNEY, Simon
director · ~54y · appointed 2007-03-05 · resigned 2015-08-13
Resigned
MCLEAN, Mairi
director · ~74y · appointed 1990-04-12 · resigned 2002-05-30
Resigned
PARSONS, Ralph Andrew
director · ~90y · appointed 2002-05-30 · resigned 2006-01-27
Resigned
RITCHIE, Douglas
director · ~77y · appointed 1999-03-30 · resigned 2002-05-30
Resigned
WAUGH, Joanne
nominee-director · appointed 1990-04-12 · resigned 1990-04-12
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property17/03/2010
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property20/12/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property11/06/200414/01/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property04/06/200411/11/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/01/199811/01/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property11/05/199501/06/2005
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property14/05/199111/10/2004
satisfied
Highlands and Islands Development Board
Floating charge1 property25/02/199108/06/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (146 total)

accounts-with-accounts-type-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-full
accounts · AA
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-26
accounts-with-accounts-type-full
accounts · AA
2023-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-full
accounts · AA
2022-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
accounts-with-accounts-type-full
accounts · AA
2021-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13
accounts-with-accounts-type-full
accounts · AA
2020-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-24
accounts-with-accounts-type-full
accounts · AA
2019-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-12
accounts-with-accounts-type-full
accounts · AA
2018-06-28