VENTURE II FISHING COMPANY LIMITED
🌳Matureactive
SC202476 · ltd · incorporated 1999-12-20
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 25.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£5.92M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · oldest 25.8y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 25.8 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: high (81/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £5,917,353
Cash YoY
+382%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£3k
↑ 382% YoY
Net Worth
£5.9m
↑ 6.1% YoY
Current Assets
£3k
↑ 68% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £6.50M | £6.13M |
| Current assets | £3.5k | £2.1k |
| Cash | £2.6k | £548 |
| Debtors | £846 | £1.5k |
| Net assets | £5.92M | £5.57M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-11-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-24🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2023-07-21🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2022-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-27📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2020-12-15➖LOVIE, David resigneddirector
- 2020-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-11-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2017-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-13🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2017-09-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2017-06-30🔓Charge satisfied #2
- 2002-05-23🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2000-07-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1999-12-21➕LOVIE, Mark appointeddirector
- 1999-12-21➕LOVIE, Peter appointeddirector
- 1999-12-21➕LOVIE, David appointeddirector
- 1999-12-21➖SCOTT, Charles Marshall resigneddirector
- 1999-12-20🏢Company incorporatedAs VENTURE II FISHING COMPANY LIMITED
- 1999-12-20➕MACKINNONS SOLICITORS LLP appointedcorporate-secretary
- 1999-12-20➕SCOTT, Charles Marshall appointeddirector
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Lovie Individual · British · DOB 09/1972 · age 54 | 25–50% | — | 25-50% shares | 01/12/2016 |
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 →Similar companies
Active · Agriculture · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A & R MCBAIN LIMITED→ SC803304 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| A REID FISHING SERVICES LTD→ SC683661 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ALEXANDER FARMS LIMITED→ SC141797 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| ALEXANDER JACK (FISHING) LIMITED→ SC259254 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ANNOCHIE FARMS LTD→ SC761170 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ARL FISHING COMPANY LIMITED→ SC242164 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| ARNON FISHING LTD.→ SC311439 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ASBS FISHING COMPANY LTD→ SC684476 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BALMARA LTD→ SC776387 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BAX ENGINEERING (SCOTLAND) LTD→ SC631262 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BBD FISHING LTD→ SC644064 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| BBP ROSE LTD→ SC629529 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated1999-12-20
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Dalvorar 18 Grant Street
Whitehills
Banff
Banffshire
AB45 2NU
Filing status
Accounts
Next due: 2026-09-26
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-29
Last: 2025-12-15
Officers (3 active · 2 resigned)
MACKINNONS SOLICITORS LLP→
Activecorporate-secretary · appointed 1999-12-20
View their other companies + combined net worth →
Active
LOVIE, Peter→
Activedirector · ~63y · appointed 1999-12-21
View their other companies + combined net worth →
LOVIE, David→
Resigneddirector · ~87y · appointed 1999-12-21 · resigned 2020-12-15
SCOTT, Charles Marshall→
Resigneddirector · ~73y · appointed 1999-12-20 · resigned 1999-12-21
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 24/07/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 21/07/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/12/2017 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Ship mortgage | 1 property | 23/05/2002 | 30/06/2017 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/07/2000 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-15
change-corporate-secretary-company-with-change-date
officers · CH04
2021-01-27
termination-director-company-with-name-termination-date
officers · TM01
2020-12-15