CELTIC DAWN FISHING LIMITED

🌳Matureactive

SC263213 · ltd · incorporated 2004-02-10

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£2.01M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pursue

Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 21.7y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 21.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

5 officers (3 active, 5 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

4 connected companies via shared directors

Filing history

58 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,012,254

Net assets shrinking

Down £10,839 YoY

Cash YoY

-35%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.5m

↓ 35% YoY

Net Worth

£2.0m

~ YoY

Current Assets

£1.6m

↓ 35% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£2.34M	£2.35M
Current assets	£1.56M	£2.41M
Cash	£1.53M	£2.34M
Debtors	£33.8k	£72.6k
Net assets	£2.01M	£2.02M

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-01-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-03
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-03-03
🔓
Charge satisfied #2
2019-03-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-03-07
📄
change-person-director-company-with-change-date
officers · CH01
2017-03-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-19
📄
change-account-reference-date-company-current-extended
accounts · AA01
2016-02-11
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-11-04
➖
NORQUOY, Erika Jane resigned
director
2009-12-02
🔒
Charge registered #4
Lender: Orkney Islands Council
2009-10-13
🔒
Charge registered #3
Lender: Royal Bank of Scotland PLC
2005-05-23
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2004-08-03
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2004-02-10
🏢
Company incorporated
As CELTIC DAWN FISHING LIMITED
2004-02-10
➕
NORQUOY, Ronald Robertson appointed
secretary
2004-02-10
➕
NORQUOY, Maureen Tulloch appointed
director
2004-02-10
➕
NORQUOY, Ronald Robertson appointed
director
2004-02-10
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2004-02-10
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2004-02-10
➕
NORQUOY, Erika Jane appointed
director

Owner dependency

84/100

Critical — business is the founder

The 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 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Norquoy Fishing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Norquoy Fishing Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

CELTIC DAWN FISHING LIMITED

This company · SC263213

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
Norquoy Fishing Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	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 · KW postcode area

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ALBA RENEWABLES LTD→ SC302001 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
ANDREW WATT GROUP LIMITED→ SC722537 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
B RIDLAND LTD→ SC419164 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
BINSCARTH LIMITED→ SC251665 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
BRAEBUSTER FARM→ SC421166 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
BRECK FARM LIMITED→ SC282508 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
BROADHAVEN FISHING COMPANY LTD→ SC493630 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
BRUCE TODD LTD→ SC538633 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
C MACKAY LTD→ SC828234 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
CAITHNESS CROP PROCESSING LIMITED→ SC146001 · est 1993 · no financials extracted	—	—	—	—	32y	—	—
CARBETH CLYDESDALES LTD→ SC838511 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
DACA FISHING LTD→ SC631393 · 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

Incorporated2004-02-10

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

Kellyan

Birsay

Orkney

KW17 2LX

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-02-24

Last: 2026-02-10

Officers (3 active · 2 resigned)

NORQUOY, Ronald Robertson→

secretary · appointed 2004-02-10

View their other companies + combined net worth →

Active

NORQUOY, Maureen Tulloch→

director · ~60y · appointed 2004-02-10

View their other companies + combined net worth →

Active

NORQUOY, Ronald Robertson→

director · ~62y · appointed 2004-02-10

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2004-02-10 · resigned 2004-02-10

Resigned

NORQUOY, Erika Jane→

director · ~39y · appointed 2004-02-10 · resigned 2013-11-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Orkney Islands Council	Mortgage of a ship	1 property	02/12/2009	—
outstanding	Lloyds Banking Group Royal Bank of Scotland PLC	Mortgage	1 property	13/10/2009	—
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Mortgage	1 property	23/05/2005	03/03/2020
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	03/08/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.