VELA FISHING COMPANY LIMITED
⚰️Wound downdissolved
SC141220 · ltd · incorporated 1992-11-13
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 33.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
What this business does
Primary activity: SIC 0501
Sector: Mining & quarrying
ALSO REGISTERED FOR
- 1520SIC 1520
- 6110SIC 6110
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 65/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · oldest 33.1y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 33.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
13 connected companies via shared directors
84
Filing history
97 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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 (46 events)Click to expand
- 2011-05-20📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2011-05-20🏁Company dissolved
- 2011-04-05📄legacymortgage · MG03s
- 2011-04-05🔓Charge satisfied #1
- 2011-01-28📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-01-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-01-17📄dissolution-application-strike-off-companydissolution · DS01
- 2011-01-12📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2010-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-10-13📄legacymortgage · MG02s
- 2010-10-13🔓Charge satisfied #3
- 2009-12-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-11-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-11-09📄change-person-director-company-with-change-dateofficers · CH01
- 2008-12-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-10-29📄legacyannual-return · 363a
- 2008-01-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-12-05📄legacyannual-return · 363a
- 2007-04-18📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-10-20📄legacyannual-return · 363a
- 2006-10-20📄legacyofficers · 288c
- 2006-10-20📍legacyaddress · 190
- 2006-10-20📍legacyaddress · 353
- 2006-10-20📍legacyaddress · 287
- 2005-12-12📄legacyannual-return · 363s
- 2005-12-12📄legacyannual-return · 363(287)
- 2005-12-12📄legacyannual-return · 363(353)
- 2005-12-07📄legacyofficers · 288b
- 2005-05-06➕SMITH, Robert Ritchie appointeddirector
- 2005-05-06➖PHIMISTER, Alexander resigneddirector
- 1995-10-16🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 1993-11-30➕GREIG, Brian appointeddirector
- 1993-11-30➕PHIMISTER, Alexander appointeddirector
- 1993-11-13➖GREIG, Brian resigneddirector
- 1993-10-18🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1993-03-04🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1993-02-18➕CLARK, Michael William Gordon appointeddirector
- 1993-02-18➕CLARK (JNR), Francis appointeddirector
- 1993-02-18➖HUNTER, Neil Cameron resignednominee-director
- 1993-02-18➖RENNIE, Thomas George resignednominee-director
- 1993-02-05➕STEWART, Ian Renshaw appointedsecretary
- 1993-02-05➖PETERKINS, SOLICITORS resignedcorporate-nominee-secretary
- 1992-11-13🏢Company incorporatedAs VELA FISHING COMPANY LIMITED
- 1992-11-13➕PETERKINS, SOLICITORS appointedcorporate-nominee-secretary
- 1992-11-13➕HUNTER, Neil Cameron appointednominee-director
- 1992-11-13➕RENNIE, Thomas George appointednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
90/100
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 74 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 33 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 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2011-05-20
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Statusdissolved
Typeltd
Incorporated1992-11-13
Jurisdictionscotland
Primary SIC0501 — SIC 0501
Registered office
Nor-Sea Foods Ltd
Broadfold Road
Aberdeen
AB23 8EE
Filing status
Accounts
Next due: —
Last made up to: 2010-08-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 5 resigned)
STEWART, Ian Renshaw→
Activesecretary · appointed 1993-02-05
View their other companies + combined net worth →
CLARK, Michael William Gordon→
Activedirector · ~70y · appointed 1993-02-18
View their other companies + combined net worth →
CLARK (JNR), Francis→
Activedirector · ~74y · appointed 1993-02-18
View their other companies + combined net worth →
SMITH, Robert Ritchie→
Activedirector · ~63y · appointed 2005-05-06
View their other companies + combined net worth →
PETERKINS, SOLICITORS→
Resignedcorporate-nominee-secretary · appointed 1992-11-13 · resigned 1993-02-05
GREIG, Brian→
Resigneddirector · ~64y · appointed 1993-11-30 · resigned 1993-11-13
HUNTER, Neil Cameron→
Resignednominee-director · appointed 1992-11-13 · resigned 1993-02-18
PHIMISTER, Alexander→
Resigneddirector · ~69y · appointed 1993-11-30 · resigned 2005-05-06
RENNIE, Thomas George→
Resignednominee-director · ~79y · appointed 1992-11-13 · resigned 1993-02-18
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Mortgage | 1 property | 16/10/1995 | 13/10/2010 | |
| part-satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Mortgage | 1 property | 18/10/1993 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 04/03/1993 | 05/04/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (97 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2011-05-20
legacy
mortgage · MG03s
2011-04-05
gazette-notice-voluntary
gazette · GAZ1(A)
2011-01-28
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-01-18
dissolution-application-strike-off-company
dissolution · DS01
2011-01-17
change-account-reference-date-company-previous-shortened
accounts · AA01
2011-01-12
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-12-30
legacy
mortgage · MG02s
2010-10-13
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-12-08
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-11-09
change-person-director-company-with-change-date
officers · CH01
2009-11-09
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-12-22
legacy
annual-return · 363a
2008-10-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-01-17
legacy
annual-return · 363a
2007-12-05