SSF SHETLAND LIMITED

LAUREL HOUSE, LAURELHILL BUSINESS PARK, STIRLING, FK7 9JQ

Previous 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-2024
Accounts 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
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY 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 - 2217 (48.6%)
Resigned Grant CUMMING 13 Mar 2018 14 Dec 2022 Director British 1 - 50 (0.0%)
Resigned Andreas KVAME 13 Mar 2018 15 Dec 2021 Director Norwegian 0 - 20 (0.0%)
Resigned Knut UTHEIM 11 Dec 2014 15 Dec 2021 Director Norwegian 0 - 80 (0.0%)
Resigned Trude Elisabeth ØSTVEDT 11 Dec 2014 13 Mar 2018 Certified Public Accountant Norwegian 0 - 80 (0.0%)
Resigned Atle Harald SANDTORV 11 Dec 2014 15 Dec 2021 Master Of Business Adm Norwegian 0 - 100 (0.0%)
Resigned Morten VIKE 18 Jun 2009 11 Dec 2014 Chief Executive Officer Norwegian 0 - 71 (14.3%)
Resigned Ivar KVANGARDSNES 20 Jul 2007 30 Nov 2009 Executive Vice President Norwegian 0 - 73 (42.9%)
Resigned Eirik Bloch HAUGLAND 20 Jul 2007 31 Jul 2009 Chief Financial Officer Norwegian 0 - 149 (64.3%)
Resigned Per GRIEG 20 Jul 2007 16 Jun 2009 Chief Executive Officer Norwegian 0 - 1812 (66.7%)
Resigned Michael Otto Philipp STARK 01 Jun 2005 11 Sep 2013 Managing Director German 0 - 4226 (61.9%)
Resigned Frode MOGSTER 17 Apr 2001 20 Jul 2007 Managing Director Norwegian 0 - 127 (58.3%)
Resigned Olav SVENDSEN 17 Apr 2001 20 Jul 2007 Managing Director Norwegian 0 - 117 (63.6%)
Resigned Rudolf Jakob LASCHINGER 08 Jul 1998 17 Apr 2001 Company Director German 0 - 106 (60.0%)
Resigned Geir SYNNEVAG 08 Jul 1998 01 Jun 2005 Managing Director Norwegian 0 - 1911 (57.9%)
Resigned Susan Marie FULLERTON 30 Jun 1998 08 Jul 1998 Manager British 0 - 1512 (80.0%)
Resigned George Thorkell BRANDIE 01 Jan 1996 18 Apr 1997 Director British 0 - 108 (80.0%)
Resigned Martin Thomas LEYLAND 31 Mar 1994 08 Jul 1998 Accountant British 0 - 119 (81.8%)
Resigned Francis William JOHNSON 31 Mar 1994 08 Jul 1998 Company Director British 1 - 2320 (83.3%)
Resigned George Arthur RATTER 31 Mar 1994 Ndt Inspector British 0 - 10 (0.0%)
Resigned John Arthur RATTER 31 Mar 1994 Director British 0 - 32 (66.7%)
Resigned John William RATTER 31 Mar 1994 Director British 0 - 51 (20.0%)
Resigned Patricia Kay RATTER 31 Mar 1994 Director British 0 - 42 (50.0%)
Resigned Gilbert JOHNSON 14 Jun 1990 Director British 0 - 1310 (76.9%)
Number of active directors: 1
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

Name
 
SCOTTISH SEA FARMS LIMITED (00958001) - Active
GSP FARMS LIMITED (SC046588) - Active
ETTRICK TROUT CO. LIMITED (SC064314) - Active
KERRERA FISHERIES LIMITED (SC081194) - Active
M.J.M. SALMON LIMITED (SC092287) - Active
DURY SALMON LIMITED (SC092512) - Active
SSF SHETLAND LIMITED (SC093192) - Active
SLETT SALMON FARMS LIMITED (SC098144) - Dissolved
TERREGLES SALMON CO. LIMITED (SC107845) - Active
THE SCOTTISH SALMON FARMERS' MARKETING BOARD LIMITED (SC109011) - Dissolved
SEAFRESH SALMON LIMITED (SC116435) - Dissolved
SEAFRESH FARMS LIMITED (SC116436) - Dissolved
LISMORE SALMON LIMITED (SC118358) - Dissolved
ORKNEY SEA FARMS LIMITED (SC122102) - Active
SCOTTISH QUALITY SALMON LIMITED (SC128163) - Active
STEWART SALMON LTD. (SC156413) - Dissolved
SSF HJALTLAND UK LIMITED (SC159110) - Active
SCOTTISH SEA FARMS SALES LIMITED (SC165107) - Active
FOOD CERTIFICATION (SCOTLAND) LIMITED (SC171230) - Active
NO CATCH SITE MANAGEMENT LIMITED (SC214875) - Dissolved
ISLE OF SKYE SALMON LIMITED (SC647034) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-12-312015-12-312014-12-312013-12-312012-12-31
NORDEA BANK AB (PUBL), FILIAL L NORGEORDINARY40,000
100%
0
0%
0
0%
0
0%
0
0%
NORDEA BANK NORGE ASAORDINARY0
0%
40,000
100%
40,000
100%
0
0%
0
0%
SPAREBANKEN VESTORDINARY0
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
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