NECORA FISHING LIMITED
⚰️Wound downdissolved
SC470003 · ltd · incorporated 2014-02-14
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 11.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 80/100. Strong seller-intent signal (60/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · oldest 11.8y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 11.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: low (50/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
4 connected companies via shared directors
57
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2016-09-20📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2016-09-20🏁Company dissolved
- 2016-07-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2016-06-29📄dissolution-application-strike-off-companydissolution · DS01
- 2016-02-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-04-29🔓Charge satisfied #1
- 2015-03-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-12-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2014-12-16🔓Charge satisfied #2
- 2014-07-10📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2014-07-09🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2014-07-07📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2014-07-02🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2014-03-11📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2014-02-17✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2014-02-14🏢Company incorporatedAs NECORA FISHING LIMITED
- 2014-02-14➕NORQUOY, Maureen Tulloch appointeddirector
- 2014-02-14➕NORQUOY, Ronald Robertson appointeddirector
- 2014-02-14📄incorporation-companyincorporation · NEWINC
Owner dependency
79/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
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.
- secondary12+ year tenure: Director in role 12 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2016-09-20
🔒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| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & W TAIT LIMITED→ SC030430 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| J STEVENSON & SON LIMITED→ SC420824 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| M MACKENZIE SERVICES LTD→ SC860867 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MILLENNIUM (ORKNEY) LTD→ SC466065 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| NORTH SUTHERLAND COMMUNITY FORESTRY TRUST→ SC161610 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| NOSS FARM LTD→ SC246220 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| OLGRINMORE FOREST LTD→ SC398988 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ORKNEY BERE LTD→ SC800938 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ORKNEY DIVED SCALLOPS LTD→ SC456964 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ORKNEY GREEN LTD→ SC719566 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| ORKNEY OYSTERS LTD→ SC626980 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ORKNEY SCALLOPS LTD→ SC640264 · 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
Statusdissolved
Typeltd
Incorporated2014-02-14
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
Kellyan
Birsay
Orkney
KW17 2LX
Filing status
Accounts
Next due: —
Last made up to: 2015-03-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 0 resigned)
NORQUOY, Maureen Tulloch→
Activedirector · ~60y · appointed 2014-02-14
View their other companies + combined net worth →
NORQUOY, Ronald Robertson→
Activedirector · ~62y · appointed 2014-02-14
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 09/07/2014 | 16/12/2014 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 02/07/2014 | 29/04/2015 |
Recent filings (13 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-09-20
gazette-notice-voluntary
gazette · GAZ1(A)
2016-07-05
dissolution-application-strike-off-company
dissolution · DS01
2016-06-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-15
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-29
mortgage-satisfy-charge-full
mortgage · MR04
2015-04-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-08
mortgage-satisfy-charge-full
mortgage · MR04
2014-12-16
mortgage-create-with-deed-with-charge-number
mortgage · MR01
2014-07-10
mortgage-create-with-deed-with-charge-number
mortgage · MR01
2014-07-07
change-account-reference-date-company-current-extended
accounts · AA01
2014-03-11
certificate-change-of-name-company
change-of-name · CERTNM
2014-02-17
incorporation-company
incorporation · NEWINC
2014-02-14