NORTHERN STAR FISHING LIMITED
💤Zombieactive
SC477641 · ltd · incorporated 2014-05-14
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 Jun 2024
Net worth
£2.3k
book net assets
Opportunity
69/100
Strong
What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 11.9y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £2,334
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£2k
↑ 133% YoY
Current Assets
£46k
↓ 25% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-06-30 | 2023-06-30 |
|---|---|---|
| Total assets | £130.3k | £111.0k |
| Current assets | £46.3k | £62.1k |
| Net assets | £2.3k | £-7.0k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-09-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-20🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2025-08-20🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2025-06-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-10-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-25🔒Charge registered #6Lender: Comhairle Nan Eilean Siar
- 2024-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-18🔓Charge satisfied #3
- 2024-06-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-23📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-05-23📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-15➖MACKAY, Iain Murdo resigneddirector
- 2023-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-07📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-09-07🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2023-09-04🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2023-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-02📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2022-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-02-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-02-20🔓Charge satisfied #1
- 2019-02-15🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2018-06-22🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2014-05-29🔒Charge registered #1Lender: Malcolm Kenneth Campbell
- 2014-05-14🏢Company incorporatedAs NORTHERN STAR FISHING LIMITED
- 2014-05-14➕REID, Mark appointeddirector
- 2014-05-14➕MACKAY, Iain Murdo appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
6 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Reid Individual · British · DOB 11/1989 · age 37 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Iain Murdo Mackayceased 29/02/2024· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Agriculture · HS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| HEBRIDEAN SMOLTS LIMITED→ SC235174 · est 2002 | — | — | £500.7k | — | 23y | 82 | 59y |
| MACSWEEN'S DUNGANICHY LTD→ SC273960 · est 2004 | — | — | £212.1k | — | 21y | 82 | 71y |
| S & SG LTD→ SC253571 · est 2003 | — | — | — | 100 | 22y | 82 | 68y |
| SCARISTAVORE CROFTING TRUST LIMITED→ SC195471 · est 1999 | — | — | £59.6k | — | 27y | 81 | 85y |
| AQUARIA (GRIMSAY) LTD→ SC476899 · est 2014 | — | — | £465.4k | — | 11y | 80 | 70y |
| D MACINNES ASSOCIATES LTD→ SC259251 · est 2003 | — | — | £23.2k | — | 22y | 80 | 73y |
| ARDBHAN GENETICS LTD→ SC855085 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DAWN SHELLFISH LIMITED→ SC341117 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| FEAR KNOT LTD→ SC880556 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| GREENSTONE FISHING LIMITED→ SC666436 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| J C MACNEIL FISHING LTD→ SC354574 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| MACIAIN LTD.→ SC061711 · est 1977 · no financials extracted | — | — | — | — | 49y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2014-05-14
Jurisdictionscotland
Primary SIC03110 — SIC 03110
Registered office
63 Kenneth Street
Stornoway
Isle Of Lewis
HS1 2DS
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14
Officers (1 active · 1 resigned)
Active
MACKAY, Iain Murdo→
Resigneddirector · ~53y · appointed 2014-05-14 · resigned 2024-05-15
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
6
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 20/08/2025 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 20/08/2025 | — | |
| outstanding | Comhairle Nan Eilean Siar | A registered charge | 1 property | 25/09/2024 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 07/09/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 04/09/2023 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 15/02/2019 | 18/09/2024 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 22/06/2018 | — | |
| satisfied | Malcolm Kenneth Campbell | A registered charge | 1 property | 29/05/2014 | 20/02/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (39 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-05
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-02
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-27
change-person-director-company-with-change-date
officers · CH01
2024-05-23
termination-director-company-with-name-termination-date
officers · TM01
2024-05-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-25