CRYSTAL RIVER FISHING COMPANY LIMITED

🌳Matureactive
SC335301 · ltd · incorporated 2007-12-14
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 17.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£2.51M
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 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

4 live charges · 2 lenders · oldest 17.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 17.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
49 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 declared
Positive net assets
Net assets £2,514,209
Cash YoY
+136%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£27k
↑ 136% YoY
Net Worth
£2.5m
↑ 6.6% YoY
Current Assets
£254k
↓ 18% YoY
Current Liabilities
—
£0£503k£1.0m£1.5m£2.0m£2.5mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£4.17M£4.24M
Current assets£254.2k£310.2k
Cash£27.5k£11.6k
Debtors£226.7k£298.5k
Net assets£2.51M£2.36M

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 (27 events)Click to expand
  1. 2025-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2022-09-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-30
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  8. 2022-08-30
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  9. 2021-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-06-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-07-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-12-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2008-09-04
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  19. 2008-08-14
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  20. 2007-12-14
    🏢
    Company incorporated
    As CRYSTAL RIVER FISHING COMPANY LIMITED
  21. 2007-12-14
    ➕
    CARDNO, Teresa appointed
    secretary
  22. 2007-12-14
    ➕
    CARDNO, David appointed
    director
  23. 2007-12-14
    ➕
    CARDNO, Mark James appointed
    director
  24. 2007-12-14
    ➕
    MACKINNONS appointed
    corporate-secretary
  25. 2007-12-14
    ➖
    MACKINNONS resigned
    corporate-secretary
  26. 2007-12-14
    ➕
    JONES, Graham Edward appointed
    director
  27. 2007-12-14
    ➖
    JONES, Graham Edward resigned
    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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Mark James Cardno
Individual · British · DOB 12/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Teresa James Cardno
Individual · British · DOB 01/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr David Cardno
Individual · British · DOB 09/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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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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
Incorporated2007-12-14
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

1-3 Dalrymple Street
Fraserburgh
AB43 9BH

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-28
Last: 2025-12-14

Officers (3 active · 2 resigned)

CARDNO, Teresa→
secretary · appointed 2007-12-14
View their other companies + combined net worth →
Active
CARDNO, David→
director · ~60y · appointed 2007-12-14
View their other companies + combined net worth →
Active
CARDNO, Mark James→
director · ~53y · appointed 2007-12-14
View their other companies + combined net worth →
Active
MACKINNONS→
corporate-secretary · appointed 2007-12-14 · resigned 2007-12-14
Resigned
JONES, Graham Edward→
director · ~61y · appointed 2007-12-14 · resigned 2007-12-14
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property30/08/2022—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property30/08/2022—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property04/09/2008—
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Mortgage1 property14/08/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
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
2024-08-09
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-16