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SSF SHETLAND LIMITED
LAUREL HOUSE, LAURELHILL BUSINESS PARK, STIRLING, FK7 9JQPrevious name: GRIEG SEAFOOD SHETLAND LIMITED (changed on 16-Dec-2021)
Previous name: HJALTLAND SEAFARMS LIMITED (changed on 02-Jul-2015)
Previous name: WADBISTER SALMON LIMITED (changed on 27-May-2005)
Company Number: SC093192
Incorporation date: 07-May-1985
Status: Active
Entity type: Private Limited Company
SIC codes:
03210 Marine aquaculture
SUMMARY
This company is 38.9 years old and is currently active. It is controlled by multiple entities. The company has negative equity (net assets) of GBP -6.5 million which has worsened since the previous year's figure of GBP 1.7 million. The latest reported revenue figure is GBP 64.2 million which is down -10% on the previous year. The company has 1 active officers (directors or partners) who are or were officers of 20 other companies, 6 (30.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 64,227,225 | |||||
31-Dec-2018 | GBP | 71,445,676 | |||||
31-Dec-2017 | GBP | 68,323,441 | 4,609,124 | 1,344,991 | 603,115 | 2,661,018 | |
31-Dec-2016 | GBP | 77,917,620 | 12,843,097 | 2,764,401 | 2,795,605 | 7,283,091 | |
31-Dec-2015 | GBP | 61,054,989 | -14 | 9,337 | 2,726,683 | -17,101,454 | -14,211,412 |
31-Dec-2014 | GBP | 79,444,762 | 10,751,841 | 82,740 | 2,649,816 | 1,639,383 | 6,545,382 |
31-Dec-2013 | GBP | 48,422,803 | 3,679,638 | 8,701 | 3,044,477 | 643,862 | 424,152 |
31-Dec-2012 | GBP | 47,463,036 | -13,272,276 | 2,131 | 2,186,779 | -3,377,971 | -12,078,953 |
31-Dec-2011 | GBP | 47,193,974 | -291,574 | 1,320,066 | -1,459,748 | -899,874 | |
31-Dec-2010 | GBP | 59,151,319 | 18,365,349 | 1,307,755 | 18,453,307 | 13,676,983 | |
31-Dec-2009 | GBP | 32,720,525 | 1,682,211 | 15,062 | 2,134,156 | 682,592 | 245,709 |
31-Dec-2008 | GBP | 31,934,897 | -1,346,867 | 2,025 | 2,366,311 | -3,711,153 | -3,286,622 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 1,081 | 60,057,595 | 108,949,104 | 1,141,972 | 40,000 | -6,506,973 | ||
31-Dec-2018 | GBP | 1,081 | 46,811,924 | 84,211,004 | 1,377,934 | 40,000 | 1,654,199 | ||
31-Dec-2017 | GBP | 123,730 | 40,597,570 | 74,731,566 | 799,957 | 21 | 2,850,964 | ||
31-Dec-2016 | GBP | 949,391 | 38,484,352 | 75,466,057 | 1,684,348 | 40,000 | 189,946 | ||
31-Dec-2015 | GBP | 3,141,652 | 65,691,044 | 111,553,578 | 2,105,042 | 40,000 | -7,093,145 | ||
31-Dec-2014 | GBP | 328,738 | 82,582,735 | 94,561,105 | 3,081,088 | 40,000 | 7,814,242 | 7,854,242 | |
31-Dec-2013 | GBP | 553,241 | 58,708,769 | 75,432,689 | 1,308,860 | 40,000 | 1,268,860 | 1,308,860 | |
31-Dec-2012 | GBP | 27,896 | 40,763,960 | 56,506,632 | 884,708 | 40,000 | 844,708 | 884,708 | |
31-Dec-2011 | GBP | 368,336 | 63,630,822 | 67,452,253 | 12,963,661 | 22 | 23 | 24 | |
31-Dec-2010 | GBP | 17,490 | 44,766,242 | 47,199,578 | 13,863,535 | 40,000 | 13,823,535 | 13,863,535 | |
31-Dec-2009 | GBP | 137,040 | 42,027,269 | 50,748,416 | 40,000 | 146,552 | 186,552 | ||
31-Dec-2008 | GBP | 39,059 | 36,246,092 | 44,948,774 | 43,295 | 40,000 | -99,157 | -59,157 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | GBP | 99.95% | 39,979 | 21 | 40,000 | 1,046,551 |
31-Dec-2017 | GBP | -190,376.19% | -39,979 | 40,000 | 21 | 725,603 |
31-Dec-2012 | GBP | 99.95% | 39,978 | 22 | 40,000 | 6,746,080 |
31-Dec-2011 | GBP | -181,718.18% | -39,978 | 40,000 | 22 | 13,240,696 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Dermot ANDERSON | 09 Sep 2022 | 29 Mar 2024 | 1 - 0 | ||
Resigned | Michael Otto Philipp STARK | 01 Jun 2005 | 11 Sep 2013 | 0 - 42 | ||
Resigned | Geir SYNNEVAG | 08 Jul 1998 | 01 Jun 2005 | 0 - 19 | ||
Resigned | Susan Marie FULLERTON | 28 Dec 1994 | 08 Jul 1998 | 0 - 15 | ||
Resigned | Francis William JOHNSON | 31 Mar 1994 | 28 Dec 1994 | 0 - 1 | ||
Resigned | Patricia Kay RATTER | 31 Mar 1994 | 0 - 4 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | James Francis GALLAGHER | 15 Dec 2021 | Managing Director | British | 13 - 22 | 17 (48.6%) | |
Resigned | Grant CUMMING | 13 Mar 2018 | 14 Dec 2022 | Director | British | 1 - 5 | 0 (0.0%) |
Resigned | Andreas KVAME | 13 Mar 2018 | 15 Dec 2021 | Director | Norwegian | 0 - 2 | 0 (0.0%) |
Resigned | Knut UTHEIM | 11 Dec 2014 | 15 Dec 2021 | Director | Norwegian | 0 - 8 | 0 (0.0%) |
Resigned | Trude Elisabeth ØSTVEDT | 11 Dec 2014 | 13 Mar 2018 | Certified Public Accountant | Norwegian | 0 - 8 | 0 (0.0%) |
Resigned | Atle Harald SANDTORV | 11 Dec 2014 | 15 Dec 2021 | Master Of Business Adm | Norwegian | 0 - 10 | 0 (0.0%) |
Resigned | Morten VIKE | 18 Jun 2009 | 11 Dec 2014 | Chief Executive Officer | Norwegian | 0 - 7 | 1 (14.3%) |
Resigned | Ivar KVANGARDSNES | 20 Jul 2007 | 30 Nov 2009 | Executive Vice President | Norwegian | 0 - 7 | 3 (42.9%) |
Resigned | Eirik Bloch HAUGLAND | 20 Jul 2007 | 31 Jul 2009 | Chief Financial Officer | Norwegian | 0 - 14 | 9 (64.3%) |
Resigned | Per GRIEG | 20 Jul 2007 | 16 Jun 2009 | Chief Executive Officer | Norwegian | 0 - 18 | 12 (66.7%) |
Resigned | Michael Otto Philipp STARK | 01 Jun 2005 | 11 Sep 2013 | Managing Director | German | 0 - 42 | 26 (61.9%) |
Resigned | Frode MOGSTER | 17 Apr 2001 | 20 Jul 2007 | Managing Director | Norwegian | 0 - 12 | 7 (58.3%) |
Resigned | Olav SVENDSEN | 17 Apr 2001 | 20 Jul 2007 | Managing Director | Norwegian | 0 - 11 | 7 (63.6%) |
Resigned | Rudolf Jakob LASCHINGER | 08 Jul 1998 | 17 Apr 2001 | Company Director | German | 0 - 10 | 6 (60.0%) |
Resigned | Geir SYNNEVAG | 08 Jul 1998 | 01 Jun 2005 | Managing Director | Norwegian | 0 - 19 | 11 (57.9%) |
Resigned | Susan Marie FULLERTON | 30 Jun 1998 | 08 Jul 1998 | Manager | British | 0 - 15 | 12 (80.0%) |
Resigned | George Thorkell BRANDIE | 01 Jan 1996 | 18 Apr 1997 | Director | British | 0 - 10 | 8 (80.0%) |
Resigned | Martin Thomas LEYLAND | 31 Mar 1994 | 08 Jul 1998 | Accountant | British | 0 - 11 | 9 (81.8%) |
Resigned | Francis William JOHNSON | 31 Mar 1994 | 08 Jul 1998 | Company Director | British | 1 - 23 | 20 (83.3%) |
Resigned | George Arthur RATTER | 31 Mar 1994 | Ndt Inspector | British | 0 - 1 | 0 (0.0%) | |
Resigned | John Arthur RATTER | 31 Mar 1994 | Director | British | 0 - 3 | 2 (66.7%) | |
Resigned | John William RATTER | 31 Mar 1994 | Director | British | 0 - 5 | 1 (20.0%) | |
Resigned | Patricia Kay RATTER | 31 Mar 1994 | Director | British | 0 - 4 | 2 (50.0%) | |
Resigned | Gilbert JOHNSON | 14 Jun 1990 | Director | British | 0 - 13 | 10 (76.9%) |
Average tenure of active directors: 2.3 years
Average tenure of resigned directors: 3.4 years
Average active director Dissolution Rate: 48.6%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2018-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | ||
NORDEA BANK AB (PUBL), FILIAL L NORGE | ORDINARY | 40,000 100% | 0 0% | 0 0% | 0 0% | 0 0% |
NORDEA BANK NORGE ASA | ORDINARY | 0 0% | 40,000 100% | 40,000 100% | 0 0% | 0 0% |
SPAREBANKEN VEST | ORDINARY | 0 0% | 0 0% | 0 0% | 40,000 100% | 40,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
SSF SHETLAND LIMITED
Controlled companies below
LATE PAYMENTS REPORT
Start date | End date | Average days to pay | % invoices paid over 60 days | % invoices not paid within agreed terms | Gov.uk report |
---|---|---|---|---|---|
2021-07-01 | 2021-12-31 | 31 | 1% | 56% | 55727 |
2021-01-01 | 2021-06-30 | 32 | 2% | 60% | 48757 |
2020-07-01 | 2020-12-31 | 32 | 1% | 59% | 42669 |
2020-01-01 | 2020-06-30 | 32 | 2% | 62% | 35316 |
2019-07-01 | 2019-12-31 | 32 | 1% | 61% | 28700 |
2019-01-01 | 2019-06-30 | 39 | 5% | 67% | 20653 |
2018-07-01 | 2018-12-31 | 35 | 3% | 69% | 12910 |
2018-01-01 | 2018-06-30 | 39 | 7% | 85% | 4987 |
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
03210 Marine aquaculture)
Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
---|---|---|---|---|---|---|
MARINE HARVEST (SCOTLAND) LIMITED | 1ST FLOOR ADMIRALTY PARK, ADMIRALTY ROAD, ROSYTH, FIFE, KY11 2YW | SC138843 | 2017-12-31 | 368,632,000 | 97,006,000 | |
THE SCOTTISH SALMON COMPANY LIMITED | 28 DRUMSHEUGH GARDENS, EDINBURGH, SCOTLAND, EH3 7RN | SC107275 | 2017-12-31 | 150,946,000 | 18,405,000 | |
GRIEG SEAFOOD SHETLAND LIMITED | LAUREL HOUSE, LAURELHILL BUSINESS PARK, STIRLING, SCOTLAND, FK7 9JQ | SC093192 | 2017-12-31 | 68,323,441 | 2,661,018 | |
REEF CULTURE LTD | 22 BARRETT ROAD, FETCHAM, LEATHERHEAD, ENGLAND, KT22 9HL | 07339169 | 2018-09-27 | 77,042 | 0 | |
SCOT-HATCH LIMITED | THE BOOM, MELLON CHARLES, AULTBEA, ACHNASHEEN, SCOTLAND, IV22 2JL | SC461741 | 2017-10-31 | 6,174 | 0 | |
POSEIDON AQUATIC RESOURCE MANAGEMENT LTD. | WINDRUSH, WARBORNE LANE PORTMORE, LYMINGTON, HAMPSHIRE, SO41 5RJ | 04297215 | 2018-09-30 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
SSF SHETLAND LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | Too few competitors | |||
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |