SULLOM VOE ASSOCIATION LIMITED (THE) Credit Check Report

Company Overview

Sullom Voe Association Limited (The) is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 23 June 1975, so this is a well established company. Sullom Voe Association Limited (The) has been in business for 50 years and 9 months. The accounts status is small and the accounts are next due on Thursday 31 December 2026.

Registered Address

Town Hall, Lerwick, Shetland, ZE1 0HB

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Companies House Data

Company Name	SULLOM VOE ASSOCIATION LIMITED (THE)
Company Number	SC057974
Registered Office Address	Town Hall
	Lerwick
	ZE1 0HB
Company Category	Private Limited Company
Company Status	Active
Country of Origin	United Kingdom
Incorporation Date	23/06/1975
Accounting Reference Date Day	31
Accounting Reference Date Month	3
Accounts Next Due Date	31/12/2026
Accounts Last Made Up Date	31/03/2025
Accounts Account Category	SMALL
Returns Next Due Date	20/07/2017
Returns Last Made Up Date	22/06/2016

Directors & Members

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	Simon Barnett - Director (British, 65 years old, born August 1961) Appointed 01 June 2013, Resigned 19 May 2014	Resigned
	Malcolm Bell - Director (British, 62 years old, born January 1964) Appointed 23 May 2012, Resigned 13 June 2022	Resigned
	Lindsay Boswell - Director (British, 66 years old, born June 1960) Appointed 28 April 2008, Resigned 02 January 2012	Resigned
	Donna Cameron - Director (Brittish, 53 years old, born February 1973) Appointed 13 April 2015, Resigned 28 September 2017	Resigned
	Alexander Cluness - Director (British, 85 years old, born May 1941) Appointed 30 June 2003, Resigned 23 May 2012	Resigned
	Alastair Cooper - Director (British, 76 years old, born April 1950) Appointed 07 November 2007, Resigned 13 June 2022	Resigned
	Steven Coutts - Director (British, 44 years old, born November 1982) Appointed 27 June 2018, Resigned 13 June 2022	Resigned
	Steve Cowie - Director (United Kingdom, 67 years old, born August 1959) Appointed 19 May 2014, Resigned 20 February 2018	Resigned
	Claire Desmazures - Director (British, 43 years old, born December 1983) Appointed 24 March 2021, Resigned 24 January 2023	Resigned
	Michael Dodd - Director (British, 91 years old, born September 1935) Appointed 01 January 1993, Resigned 01 February 1995	Resigned
	Paul Dymond - Director (British, 74 years old, born December 1952) Appointed 01 November 2001, Resigned 30 June 2003	Resigned
	Joan Easten - Director (British, 80 years old, born June 1946) Appointed 01 July 1994, Resigned 05 May 1999	Resigned
	John Flashman - Director (British)	Resigned
	William Fox - Director (British, 72 years old, born February 1954) Appointed 23 May 2012, Resigned 18 May 2017	Resigned
	Elizabeth Fullerton - Director (British, 77 years old, born November 1949) Appointed 02 November 2007, Resigned 23 May 2012	Resigned
	Florence Grains - Director (British, 94 years old, born November 1932) Appointed 30 June 2003, Resigned 21 January 2009	Resigned
	Gordon Grant - Director (British, 72 years old, born September 1954) Appointed 08 October 1998, Resigned 31 August 2001	Resigned
	George Greig - Director (British, 84 years old, born September 1942) Appointed 01 August 1990, Resigned 06 April 1995	Resigned
	Andrew Hall - Director (British, 60 years old, born December 1966) Appointed 10 February 2025	Active
	Hedley Harrison - Director (British)	Resigned
	Robert Hickling - Director (British, 72 years old, born July 1954) Appointed 17 April 2007, Resigned 31 May 2013	Resigned
	Clive Hodgetts - Director (British, 71 years old, born July 1955) Appointed 01 June 2004, Resigned 23 June 2005	Resigned
	Alexander Hunter - Director (British, 75 years old, born July 1951) Appointed 01 November 1999, Resigned 31 May 2004	Resigned
	Laura Jarvie - Director (British, 48 years old, born November 1978) Appointed 20 February 2018, Resigned 26 January 2021	Resigned
	Robert Jones - Director (British, 41 years old, born March 1985) Appointed 11 October 2023	Active

Secretaries

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	Alan Bond - Secretary (British) Appointed 31 May 2004, Resigned 14 December 2005	Resigned
	Alastair Cooper - Secretary (British) Appointed 01 June 1997, Resigned 31 August 1999	Resigned
	Alastair Cooper - Secretary (British) Appointed 15 December 2005, Resigned 07 November 2007	Resigned
	Alastair Cooper - Secretary (British) Appointed 22 November 2001, Resigned 31 May 2004	Resigned
	James Gray - Secretary (British) Appointed 07 May 2013, Resigned 10 June 2014	Resigned
	Robert Hickling - Secretary (British) Appointed 07 November 2007, Resigned 07 May 2013	Resigned
	Ian Holland - Secretary (British) Appointed 01 July 1992, Resigned 01 December 1995	Resigned
	Douglas Irvine - Secretary Appointed 24 March 2022, Resigned 19 September 2023	Resigned
	Douglas Irvine - Secretary Appointed 10 June 2014, Resigned 13 April 2015	Resigned
	Douglas Irvine - Secretary Appointed 28 September 2017, Resigned 17 December 2019	Resigned

Other Company Directorships

Andrew Hall
No companies found

Robert Jones
No companies found

Balance Sheet

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Accounts Date	31-Mar-2025	31-Mar-2022	31-Mar-2021
Balance Sheet
Fixed Assets	5,756	5,756	28,055
Current Assets	117,254	117,254	273,028
Creditors Due Within One Year	116,895	116,895	274,251
Working Cap	359	359	-1,223
Total Assets Less Current Liabilities	6,115	6,115	26,832
Long-term Liabilities	1,094	1,094	5,330
Net Assets	5,021	5,021	21,502
Share Capital & Reserves
Share Cap	-	-	-
Profit & Loss Reserves	-	-	-
Other Reserves	-	-	-
Shareholders Funds	5,021	5,021	21,502

Common Size Financial Analysis

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Accounts Date	31-Mar-2025	31-Mar-2022	31-Mar-2021
Tangible Fixed Assets	-	-	-
Fixed Assets	4.7%	4.7%	9.3%
Stocks Inventory	-	-	-
Debtors	10.6%	10.6%	81.2%
Cash Bank In Hand	84.7%	84.7%	9.5%
Current Assets	95.3%	95.3%	90.7%
Creditors Due Within One Year	95.0%	95.0%	91.1%
Net Current Assets Liabilities	0.3%	0.3%	-0.4%
Creditors Due After One Year	-	-	-
Accruals Deferred Income	-	-	-
Provisions For Liabilities Charges	-	-	-
Net Assets Liabilities Including Pension Asset Liability	-	-	-
Called Up Share Capital	-	-	-
Share Capital Allotted Called Up Paid	-	-	-
Profit Loss Account Reserve	-	-	-
Shareholder Funds	4.1%	4.1%	7.1%
Capital Employed	-	-	-
Total Assets Less Current Liabilities	5.0%	5.0%	8.9%

Financial Ratio Analysis

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Accounts Date	31-Mar-2025	31-Mar-2022	31-Mar-2021
Liquidity Ratio	1.0	1.0	1.0
Solvency Ratio	1.0	1.0	1.1
Reserves to Assets	-	-	-

Secured Creditors

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Mortgages Charges	0
Mortgages Outstanding	0
Mortgages Part Satisfied	0
Mortgages Satisfied	0

Assets and Debt Analysis

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Accounts Date	31-Mar-2025	31-Mar-2022	31-Mar-2021
Assets	123,010	123,010	301,083
Debt	117,989	117,989	279,581
Net Assets/Debt	5,021	5,021	21,502

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The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

Unlock full report The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information

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Exact Court Judgements

Period of Months	Last 12m	13-24m	25-36m	37-48m	49-60m	61-72m
Number of Exact CCJS	X	Y	Y	X	X	Y
Value of Exact CCJS	YXY	YK	S	S	X	KX

Supplier Credit Limits

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Date	Sector	Notified	Amount	Terms
XK-SXY	XKXYXK	SXSKXYXK	£X,000	XS XYSKS
SK-SYY	SKXYXKYKKY	KSXX KKXXYXS	£YY,000	YS XYSKS SK YXXSXS
YK-SXY	XKXYXYYK	SXSXYXK	£SX,000	XS XYSKS

Payment Records

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Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices	Paid Before 30 days due	Paid After 30 days due	Owing Before 30 days due	Owing after 30 days due
XYX	SX	K	YX	X

Company Valuation Analysis

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Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations		Valuation Measures
Estimated High Value	£XSI,000	Retained Profit	£YX,000
Estimated Mid Value	£YY,000	EBIT	£SY,000
Estimated Low Value	£X,000	EBITDA	£SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations		Valuation Measures
Estimated High Value	£XY,000	Total Assets	£XIX,000
Estimated Mid Value	£Y,000	Net Assets	£YX,000
Estimated Low Value	£S,000	Tangible Equity	£SX,000
The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist

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Business Growth	Please purchase a report to see true comments
EBITDA	Purchase a report to see true comments
Dividends	Please purchase a report to see true comments about this company
Retained Profits	Retained Profits for this company
Debt Interest	Debt Interest for this company
Cash Flow	Cash Flow for this company
CCJs	CCJs for this company
Age of Company	Age of Company for this company
Solvency	Solvency for this company
Secured Creditors	Secured Creditors for this company
Ownership	Ownership for this company

First Report Score: (0-10)

Financial Status Guide:

10			Very Strong
9			Strong
8			Very Good
7			Good
6			Above Average
5			Average
4			Below Average
3			Poor
2			Weak
1			Very Weak
0			Critical

Risk Score Trend

Risk Rating

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This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100)	X
Risk Band Description	XXMXMXMX SISX
Risk Assessment	Meeting of Creditors
Credit Rating	XSKX

Altman Z Score Credit Risk Rating

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There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score	X
Risk Band	XY
Risk Band Description	The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1	Low Risk	3.00 and above
2	Caution	2.63 - 2.99
3	Risk of Failure within 2 years	1.24 - 2.62
4	High Probability Failure	Below 1.24

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