ISLAND FISH (SHETLAND) LTD
- 47230SIC 47230
Opportunity 72/100 (strong), bankability 75/100. 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).
Data confidence
Overall: medium (78/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)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 105 (micro)| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Total assets | £134.5k | £83.3k |
| Current assets | £91.3k | £96.3k |
| Net assets | £131.6k | £70.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (19 events)Click to expand
- 2026-01-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-10-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-10-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-09-30➖LIPTHORPE, Norman Michael resigneddirector
- 2018-08-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-08-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-08-02🏢Company incorporatedAs ISLAND FISH (SHETLAND) LTD
- 2018-08-02➕TULLOCH, John-Martin appointeddirector
- 2018-08-02➕LIPTHORPE, Norman Michael appointeddirector
- 2018-08-02➖LIPTHORPE, Norman Michael resigneddirector
- 2018-08-02➕LIPTHORPE, Norman Michael appointeddirector
- 2018-08-02📄incorporation-companyincorporation · NEWINC
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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
John-Martin Tulloch Individual · British · DOB 12/1972 · age 54 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 02/08/2018 |
1 historic (ceased) PSC
- Norman Michael Lipthorpeceased 30/09/2018· 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
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|---|---|---|---|---|---|---|---|
| QA FISH LIMITED→ SC336851 · est 2008 | — | — | — | 2900 | 18y | 83 | 62y |
| SHETLAND FARM DAIRIES LIMITED→ SC152412 · est 1994 | — | — | — | 10 | 31y | 80 | 69y |
| PELAGIA SHETLAND LIMITED→ SC094953 · est 1985 · no financials extracted | — | — | — | — | 40y | 76 | 69y |
| QA SHELLFISH LTD→ SC552948 · est 2016 | — | — | — | 400 | 9y | 76 | 62y |
| ISLAND LARDER LTD→ SC476550 · est 2014 | — | — | — | 18 | 11y | 75 | 43y |
| LERWICK DISTILLERY LIMITED→ SC738215 · est 2022 | — | — | £1.94M | — | 3y | 70 | 55y |
| SHETLAND CREAMERY LIMITED→ SC871204 · est 2025 · no financials extracted | — | — | — | — | — | 70 | 47y |
| SHETLAND SALT LIMITED→ SC629207 · est 2019 | — | — | £-11.1k | — | 6y | 61 | 66y |
| LUNNA LAMB LTD→ SC673459 · est 2020 | — | — | £-20.9k | — | 5y | 60 | 69y |
| NORTHERN DELIGHTS SHETLAND LTD→ SC663028 · est 2020 | — | — | £-1.4k | — | 5y | 56 | 26y |
| JOHNSON & WOOD LTD→ SC440115 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| SANDWICK BAKING COMPANY LIMITED→ SC210109 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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 →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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.