ISLAND LARDER LTD

🌳Matureactive
SC476550 · ltd · incorporated 2014-04-30
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: SIC 10821
Sector: Manufacturing
ALSO REGISTERED FOR
  • 47290Other retail sale of food in specialised stores
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

2 live charges · oldest 7.0y

85/100
ready

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

  • · Oldest live charge is 7.0 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees181600

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

🔒Filing-note intelligence

3 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-28
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  5. 2022-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-03-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-03-10
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  10. 2020-03-10
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2020-03-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-02-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-02-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-02-27
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  15. 2019-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-05-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2019-05-03
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  18. 2019-01-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2019-01-23
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  20. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2014-04-30
    🏢
    Company incorporated
    As ISLAND LARDER LTD
  22. 2014-04-30
    ➕
    JOHNSTON, Magnus John Stewart appointed
    director
  23. 2014-04-30
    ➕
    JOHNSTON, Nicola Anne 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 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

41/100
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.
  • 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
Mr Magnus John Stewart Johnston
Individual · Scottish · DOB 06/1983 · age 43
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/01/2019
Mrs Nicola Anne Johnston
Individual · Scottish · DOB 03/1989 · age 37
25–50%
25–50%board control25-50% shares · 25-50% voting · board control31/12/2018

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
QA FISH LIMITED→
SC336851 · est 2008
———290018y8362y
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———1031y8069y
PELAGIA SHETLAND LIMITED→
SC094953 · est 1985 · no financials extracted
————40y7669y
QA SHELLFISH LTD→
SC552948 · est 2016
———4009y7662y
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SC604178 · est 2018
——£131.6k—7y7254y
LERWICK DISTILLERY LIMITED→
SC738215 · est 2022
——£1.94M—3y7055y
SHETLAND CREAMERY LIMITED→
SC871204 · est 2025 · no financials extracted
—————7047y
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SC629207 · est 2019
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LUNNA LAMB LTD→
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——£-20.9k—5y6069y
NORTHERN DELIGHTS SHETLAND LTD→
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——£-1.4k—5y5626y
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————13y——
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————25y——
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
Incorporated2014-04-30
Jurisdictionscotland
Primary SIC10821 — SIC 10821

Registered office

97 Commercial Street Lerwick
Shetland
ZE1 0BD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-14
Last: 2025-04-30

Officers (2 active · 0 resigned)

JOHNSTON, Magnus John Stewart→
director · ~43y · appointed 2014-04-30
View their other companies + combined net worth →
Active
JOHNSTON, Nicola Anne→
director · ~37y · appointed 2014-04-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property27/02/2020—
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—03/05/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (38 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-21
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-03-12
certificate-change-of-name-company
change-of-name · CERTNM
2020-03-10