FRASERS FISHMERCHANTS LIMITED

💤Zombieactive
SC290645 · ltd · incorporated 2005-09-21
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 Mar 2025
Net worth
£117
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). 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).

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
47 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £117
Net assets shrinking
Down £3,404 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£117
↓ 97% YoY
Current Assets
£51k
↓ 31% YoY
Current Liabilities
—
£0£15k£30k£45k£59k£74kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£117£3.5k
Current assets£51.1k£74.3k
Net assets£117£3.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-10-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-05-13
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2015-05-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2015-04-15
    ➖
    BRUCE, Nancy resigned
    secretary
  16. 2015-04-15
    ➖
    BRUCE, Nancy resigned
    director
  17. 2014-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2007-04-01
    ➖
    MOWAT, Susanne resigned
    director
  19. 2005-09-21
    🏢
    Company incorporated
    As FRASERS FISHMERCHANTS LIMITED
  20. 2005-09-21
    ➕
    BRUCE, James appointed
    director
  21. 2005-09-21
    ➕
    BRUCE, Nancy appointed
    secretary
  22. 2005-09-21
    ➕
    BRUCE, Nancy appointed
    director
  23. 2005-09-21
    ➕
    MOWAT, Susanne appointed
    director

Owner dependency

93/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
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 59. 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr James Bruce
Individual · British · DOB 02/1967 · age 59
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence06/04/2016

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 →

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AOSS LIMITED→
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SC375372 · est 2010 · no financials extracted
————16y——
FIFTEEN93 LIMITED→
SC778197 · est 2023 · no financials extracted
————2y——
FLIRTIES PRODUCTS AND TRAINING LTD→
SC421229 · est 2012 · no financials extracted
————14y——
FORKS CORKS LTD→
SC864660 · est 2025 · no financials extracted
———————
FRANCIS MC ALLISTER LTD→
SC758135 · est 2023 · no financials extracted
————3y——
G & J JACK SEAFOODS LIMITED→
SC111952 · est 1988 · no financials extracted
————37y——
G. S. FARMS LTD.→
SC337389 · est 2008 · no financials extracted
————18y——
GAMINGSTOP LTD→
SC683745 · est 2020 · no financials extracted
————5y——
GAULD'S FRUIT & VEG LTD.→
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————23y——
GEORGE DONALD (WAREHOUSEMAN) LIMITED→
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————70y——
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
Incorporated2005-09-21
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

26 Russell Road
Aberdeen
AB11 5RB

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-05
Last: 2025-09-21

Officers (1 active · 3 resigned)

BRUCE, James→
director · ~59y · appointed 2005-09-21
View their other companies + combined net worth →
Active
BRUCE, Nancy→
secretary · appointed 2005-09-21 · resigned 2015-04-15
Resigned
BRUCE, Nancy→
director · ~79y · appointed 2005-09-21 · resigned 2015-04-15
Resigned
MOWAT, Susanne→
director · ~55y · appointed 2005-09-21 · resigned 2007-04-01
Resigned

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

Recent filings (47 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-27