WESTERN PROMISE FISHING LTD
Opportunity 71/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · oldest 8.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 8.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 miscellaneous
- • 5 officers
- • 2 gazette
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2026-03-10📄legacymiscellaneous · RPCH01
- 2026-01-21📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-12-09📄gazette-notice-compulsorygazette · GAZ1
- 2025-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-13✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2023-10-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-13📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-06🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2023-10-06🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2023-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-26🔓Charge satisfied #2
- 2022-04-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-03-21➖TAYLOR, Steven Noble resigneddirector
- 2022-03-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-29📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-09-29📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-06-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-01➕MCGREGOR, Christine appointedsecretary
- 2020-10-31➖SIMPSON, Alistair Elliot resignedsecretary
- 2019-10-04➕TAYLOR, Steven Noble appointeddirector
- 2019-10-01➖MACKAY, George Hector resigneddirector
- 2018-01-18🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2017-10-23🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2017-09-21🏢Company incorporatedAs WESTERN PROMISE FISHING LTD
- 2017-09-21➕MACKENZIE, Hugh Alexander appointeddirector
- 2017-09-21➕MACKAY, George Hector appointedsecretary
- 2017-09-21➖MACKAY, George Hector resignedsecretary
- 2017-09-21➕SIMPSON, Alistair Elliot appointedsecretary
- 2017-09-21➕MACKAY, George Hector appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med ·Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-06-13: certificate-change-of-name-company
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Hugh Alexander Mackenzie Individual · British · DOB 03/1984 · age 42 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 21/09/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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8 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 →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
Registered office
Filing status
Officers (2 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 06/10/2023 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 06/10/2023 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 18/01/2018 | 26/04/2023 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 23/10/2017 | — |