LERWICK DISTILLERY LIMITED
🌿Early-stageactive
SC738215 · ltd · incorporated 2022-07-13
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£1.94M
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: high (83/100)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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,937,099
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£1.9m
↑ 22% YoY
Current Assets
£935k
↑ 78% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-07-31 | 2024-07-31 |
|---|---|---|
| Total assets | £3.10M | £2.79M |
| Current assets | £935.1k | £525.1k |
| Net assets | £1.94M | £1.58M |
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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
6
filings
- • 1 accounts
- • 1 incorporation
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-04-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-01-23📄memorandum-articlesincorporation · MA
- 2026-01-23📄resolutionresolution · RESOLUTIONS
- 2026-01-22📄legacymiscellaneous · RP01SH01
- 2026-01-15📄capital-allotment-sharescapital · SH01
- 2025-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-18📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2024-11-18📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2024-11-18📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2024-11-15📄capital-allotment-sharescapital · SH01
- 2024-08-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-31➖MACINTYRE, Caroline Anne resigneddirector
- 2024-07-15📄capital-allotment-sharescapital · SH01
- 2024-04-26📄resolutionresolution · RESOLUTIONS
- 2024-04-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-08📄capital-allotment-sharescapital · SH01
- 2023-07-13📄capital-allotment-sharescapital · SH01
- 2023-07-13📄capital-allotment-sharescapital · SH01
- 2023-06-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-18➕MILLER, Calum Macaulay appointeddirector
- 2022-10-17➖MILLER, Calum Macaulay resigneddirector
- 2022-10-11➕MACINTYRE, Caroline Anne appointeddirector
- 2022-07-13🏢Company incorporatedAs LERWICK DISTILLERY LIMITED
- 2022-07-13➕WATT, Martin Robert appointeddirector
- 2022-07-13➕MILLER, Calum Macaulay appointeddirector
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Martin Robert Watt Individual · British · DOB 07/1971 · age 55 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 13/07/2022 |
2 historic (ceased) PSCs
- Ms Caroline Anne Macintyreceased 31/07/2024· 25-50% shares · board control
- Mr Calum Macaulay Millerceased 17/10/2022· 25-50% voting · board control
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 · Food & drink · ZE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 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 |
| ISLAND FISH (SHETLAND) LTD→ SC604178 · est 2018 | — | — | £131.6k | — | 7y | 72 | 54y |
| 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 | — | — |
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
Incorporated2022-07-13
Jurisdictionscotland
Primary SIC11010 — SIC 11010
Registered office
32 Market Street
Lerwick
Shetland
ZE1 0JP
Scotland
Filing status
Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (2 active · 2 resigned)
MILLER, Calum Macaulay→
Activedirector · ~44y · appointed 2022-10-18
View their other companies + combined net worth →
WATT, Martin Robert→
Activedirector · ~55y · appointed 2022-07-13
View their other companies + combined net worth →
MACINTYRE, Caroline Anne→
Resigneddirector · ~55y · appointed 2022-10-11 · resigned 2024-07-31
MILLER, Calum Macaulay→
Resigneddirector · ~44y · appointed 2022-07-13 · resigned 2022-10-17
Click a director name to see their full track record across all companies.
Recent filings (39 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-13
memorandum-articles
incorporation · MA
2026-01-23
resolution
resolution · RESOLUTIONS
2026-01-23
legacy
miscellaneous · RP01SH01
2026-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-21
capital-allotment-shares
capital · SH01
2026-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-31
second-filing-capital-allotment-shares
capital · RP04SH01
2024-11-18
second-filing-capital-allotment-shares
capital · RP04SH01
2024-11-18
second-filing-capital-allotment-shares
capital · RP04SH01
2024-11-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-15
capital-allotment-shares
capital · SH01
2024-11-15
termination-director-company-with-name-termination-date
officers · TM01
2024-08-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-19