DUN CANNA SHELLFISH LTD

🏛️Establishedactive

SC593012 · ltd · incorporated 2018-04-03

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 7.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

61/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 03110

Sector: Agriculture, forestry & fishing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 7.5y

70/100

ready

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

· Oldest live charge is 7.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· 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

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

26 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

61/100Worth a look

PassWatchWorth a lookStrongExceptional

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review 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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS

Metric	2025-03-31	2024-03-31
Average employees	200	200

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-27
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2022-08-23
📄
gazette-notice-compulsory
gazette · GAZ1
2021-12-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-17
🔒
Charge registered #7
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-01-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-19
🔒
Charge registered #6
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-01-19
🔒
Charge registered #5
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-01-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-01-12
🔒
Charge registered #4
Lender: Clydesdale Bank PLC
2020-09-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2019-07-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-04-30
➕
MCLEVY, Claire appointed
director
2018-12-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-10
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-05
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2018-12-05
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2018-11-27
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2018-04-03
🏢
Company incorporated
As DUN CANNA SHELLFISH LTD
2018-04-03
➕
HUGHES, Ruaridh John Macdonald appointed
director

Owner dependency

63/100

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.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 low

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-16

7 live charges

low

Heavily 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 Ruaridh John Macdonald Hughes Individual · Scottish · DOB 02/1989 · age 37	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	03/04/2018

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 →

Similar companies

Active · Agriculture · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ASSYNT CROFTERS TRUST LIMITED→ SC140205 · est 1992	—	—	—	3	33y	83	88y
BLUE MOTION FISHING CO. LIMITED→ SC357414 · est 2009	—	—	£762.9k	—	17y	83	62y
BURGIE LODGE FARMS LIMITED→ SC031556 · est 1956	—	—	£1.67M	—	69y	83	73y
CAWDOR FORESTRY LIMITED→ SC218848 · est 2001	—	—	£468.9k	—	25y	83	64y
DINGWALL & HIGHLAND MARTS LIMITED→ SC154876 · est 1994	—	—	—	39	31y	83	81y
EASTER ROSS FARMERS LIMITED→ SC060125 · est 1976	—	—	—	100	49y	83	95y
GLENROSSAL LIMITED→ SC351176 · est 2008	—	—	£2.77M	—	17y	83	88y
KINGSBURGH FOREST TRUST→ SC227429 · est 2002 · no financials extracted	—	—	—	—	24y	83	75y
MJM (FARMERS) LIMITED→ SC288996 · est 2005	—	—	£1.80M	—	20y	83	71y
STRATHNAIRN COMMUNITY WOODLANDS→ SC228026 · est 2002 · no financials extracted	—	—	—	—	24y	83	71y
ACHLAIN ESTATES LIMITED→ SC138631 · est 1992	—	—	—	200	33y	82	67y
BRAHAN FARMS LIMITED→ SC048495 · est 1971	—	—	—	400	55y	82	84y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Incorporated2018-04-03

Jurisdictionscotland

Primary SIC03110 — SIC 03110

Registered office

23 Cypress Place

Inverness

IV2 6DB

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-16OVERDUE

Last: 2025-04-02

Officers (2 active · 0 resigned)

HUGHES, Ruaridh John Macdonald→

director · ~37y · appointed 2018-04-03

View their other companies + combined net worth →

Active

MCLEVY, Claire→

director · ~41y · appointed 2019-04-30

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	17/08/2021	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	—	19/01/2021	—
outstanding	Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)	A registered charge	4 properties	19/01/2021	—
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	12/01/2021	—
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	05/12/2018	—
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	3 properties	05/12/2018	—
outstanding	Virgin Money Clydesdale Bank PLC	A registered charge	1 property	27/11/2018	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-15

accounts-with-accounts-type-micro-entity

accounts · AA

2024-12-17

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-30

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-05-03

accounts-with-accounts-type-micro-entity

accounts · AA

2022-10-10

gazette-filings-brought-up-to-date

gazette · DISS40

2022-08-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-08-26

gazette-notice-compulsory

gazette · GAZ1

2022-08-23

accounts-with-accounts-type-micro-entity

accounts · AA

2021-12-30

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2021-08-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-07-13

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2021-01-21

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2021-01-21