AQUARIUS FISHING CO. LIMITED
💤Zombieactive
SC233227 · ltd · incorporated 2002-06-25
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£-1.23M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
10 live charges · 2 lenders · oldest 23.6y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 3 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
101 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £1,228,696
Key financials
1 year extracted from filed iXBRL accountsCash
£171
Net Worth
-£1.2m
Current Assets
£114k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 |
|---|---|
| Total assets | £86.7k |
| Current assets | £114.1k |
| Cash | £171 |
| Debtors | £114.0k |
| Net assets | £-1.23M |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
5
filings
- • 2 gazette
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
- 2025-11-29📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-11-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-11-25📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2025-11-25📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-09-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-06-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-06-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-05-28📄gazette-notice-compulsorygazette · GAZ1
- 2023-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-08-05📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-08-05🔓Charge satisfied #8
- 2022-08-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-03📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-07-13🔒Charge registered #10Lender: The Royal Bank of Scotland PLC
- 2022-07-13🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2022-06-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-06-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-02-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-05-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-07-27🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2017-01-27➕SKINNER, Ross appointedsecretary
- 2017-01-27➖MACKAY, George Hector resignedsecretary
- 2017-01-27➖MACKAY, George Hector resigneddirector
- 2015-07-14🔓Charge satisfied #5
- 2015-07-14🔓Charge satisfied #4
- 2015-07-14🔓Charge satisfied #3
- 2014-06-20🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2014-03-07🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2013-04-18➖DOUGAL, Robert Ross resignedsecretary
- 2013-04-18➕MACKAY, George Hector appointedsecretary
- 2009-11-13🔓Charge satisfied #1
- 2008-06-18🔒Charge registered #5Lender: Clydesdale Bank PLC
- 2008-06-16🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2008-06-16🔓Charge satisfied #2
- 2008-05-24➕DOUGAL, Robert Ross appointedsecretary
- 2008-05-24➖SKINNER, William Maclenan resignedsecretary
- 2008-05-24➕MACKAY, George Hector appointeddirector
- 2008-05-22🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2007-06-01➖SKINNER, William Maclenan resigneddirector
- 2002-10-07🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2002-09-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-07-25➕SKINNER, Ross appointeddirector
- 2002-07-25➕SKINNER, William Maclenan appointedsecretary
- 2002-07-25➖PF & S ( SECRETARIES) LIMITED resignedcorporate-nominee-secretary
- 2002-07-25➕SKINNER, William Maclenan appointeddirector
- 2002-07-25➖PF & S (DIRECTORS) LIMITED resignedcorporate-nominee-director
- 2002-06-25🏢Company incorporatedAs AQUARIUS FISHING CO. LIMITED
- 2002-06-25➕PF & S ( SECRETARIES) LIMITED appointedcorporate-nominee-secretary
- 2002-06-25➕PF & S (DIRECTORS) LIMITED appointedcorporate-nominee-director
Owner dependency
93/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ross Skinner Individual · British · DOB 07/1968 · age 58 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DAVID PATIENCE LTD→ SC548480 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| DONALD MACLARTY LIMITED→ SC310173 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| DONALD SHANKS CONTRACTORS LIMITED→ SC626127 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| DUFFY SKYLINING LIMITED→ SC600526 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DURDLE CONTRACTING LTD.→ SC703676 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| F&S FORESTRY SERVICES LTD→ SC853334 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FANNICH ESTATE LIMITED→ SC376763 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| FRASER TIMBER HARVESTING LTD→ SC643734 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| FRUITFUL BOUGH FISHING COMPANY LIMITED→ SC370440 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| G M FORESTRY LTD→ SC383298 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GILL & COMPANY (BRUCEFIELD)→ SC031666 · est 1956 · no financials extracted | — | — | — | — | 69y | — | — |
| GOOD FOR EWE LTD.→ SC267343 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Statusactive
Typeltd
Incorporated2002-06-25
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Druimorrin
Orrin Bridge
Muir Of Ord
IV6 7UL
Scotland
Filing status
Accounts
Next due: 2026-06-28
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-23
Last: 2026-03-09
Officers (2 active · 7 resigned)
Active
SKINNER, Ross→
Activedirector · ~58y · appointed 2002-07-25
View their other companies + combined net worth →
DOUGAL, Robert Ross→
Resignedsecretary · appointed 2008-05-24 · resigned 2013-04-18
MACKAY, George Hector→
Resignedsecretary · appointed 2013-04-18 · resigned 2017-01-27
SKINNER, William Maclenan→
Resignedsecretary · appointed 2002-07-25 · resigned 2008-05-24
PF & S ( SECRETARIES) LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-06-25 · resigned 2002-07-25
MACKAY, George Hector→
Resigneddirector · ~65y · appointed 2008-05-24 · resigned 2017-01-27
SKINNER, William Maclenan→
Resigneddirector · ~88y · appointed 2002-07-25 · resigned 2007-06-01
PF & S (DIRECTORS) LIMITED→
Resignedcorporate-nominee-director · appointed 2002-06-25 · resigned 2002-07-25
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
4
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/07/2022 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/07/2022 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 27/07/2017 | 05/08/2022 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 20/06/2014 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 07/03/2014 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Deed of undertakings (incorporating assignation) | 1 property | 18/06/2008 | 14/07/2015 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Mortgage of a ship | 1 property | 16/06/2008 | 14/07/2015 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 22/05/2008 | 14/07/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Ship mortgage | 1 property | 07/10/2002 | 16/06/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/09/2002 | 13/11/2009 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (101 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-28
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-11-25
gazette-notice-compulsory
gazette · GAZ1
2025-11-25
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-10
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-06-28
gazette-filings-brought-up-to-date
gazette · DISS40
2024-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
gazette-notice-compulsory
gazette · GAZ1
2024-05-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-05