JPL SHELLFISH (SCOTLAND) LTD

🌳Matureactive
SC442632 · ltd · incorporated 2013-02-13
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 12.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£494.4k
book net assets
Opportunity
75/100
Strong
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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: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · oldest 12.6y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 12.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
38 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 £494,364
Net assets shrinking
Down £95,091 YoY
Cash YoY
-12%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£102k
↓ 12% YoY
Net Worth
£494k
↓ 16% YoY
Current Assets
£416k
↓ 21% YoY
Current Liabilities
—
£0£118k£236k£354k£472k£589kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£499.4k£593.6k
Current assets£415.7k£528.6k
Cash£102.3k£115.6k
Debtors£255.8k£310.7k
Net assets£494.4k£589.5k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-05-30
    🔓
    Charge satisfied #3
  4. 2024-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-09-07
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2022-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-05-19
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  10. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-03-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2020-03-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-03-03
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  14. 2020-03-02
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2020-02-24
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  16. 2019-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-05-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2019-04-17
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  19. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2016-06-21
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2013-09-09
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2013-02-13
    🏢
    Company incorporated
    As JPL SHELLFISH (SCOTLAND) LTD
  23. 2013-02-13
    ➕
    LOGUE, Christina Eliane appointed
    director
  24. 2013-02-13
    ➕
    LOGUE, John Patrick appointed
    director

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Christina Logue
Individual · British · DOB 07/1981 · age 45
25–50%
25–50%board control25-50% shares · 25-50% voting · board control03/03/2020
Mr John Patrick Logue
Individual · British · DOB 03/1974 · age 52
25–50%
25–50%board control25-50% shares · 25-50% voting · board control03/03/2020

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

6 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
Incorporated2013-02-13
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

Unit 1 Seafood Park
Scrabster Harbour
Thurso
KW14 7UJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-27
Last: 2026-03-13

Officers (2 active · 0 resigned)

LOGUE, Christina Eliane→
director · ~45y · appointed 2013-02-13
View their other companies + combined net worth →
Active
LOGUE, John Patrick→
director · ~52y · appointed 2013-02-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property17/04/201930/05/2025
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—21/06/2016—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—09/09/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
change-account-reference-date-company-previous-extended
accounts · AA01
2023-09-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-26
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26