Company Overview
Challenge Fishing Company Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 29 December 1998, so this is a well established company. Challenge Fishing Company Limited has been in business for 27 years and 3 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Lootingstone, Rathen, Fraserburgh, Aberdeenshire, AB43 8UR
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Companies House Data
Company NameCHALLENGE FISHING COMPANY LIMITED
Company NumberSC192237
Registered Office AddressLootingstone
 Rathen
 AB43 8UR
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date29/12/1998
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/12/2023
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date26/01/2017
Returns Last Made Up Date29/12/2015
Directors & Members
Show Resigned
Louise Sinclair - Director
(British, 48 years old, born February 1978)
Appointed 20 October 2008
 Active
Christina Tait - Director
(British, 68 years old, born July 1958)
Appointed 29 December 1998
 Active
Michael Tait - Director
(British, 44 years old, born October 1982)
Appointed 01 January 2006
 Active
George Tait Jnr - Director
(British, 51 years old, born July 1975)
Appointed 01 January 2006
 Active
George Tait Snr - Director
(British, 69 years old, born March 1957)
Appointed 29 December 1998
 Active
Secretaries
Show Resigned
Christina Tait - Secretary
(British)
Appointed 29 December 1998
 Active
Other Company Directorships
Louise Sinclair
DUNES FISHING LIMITED
Christina Tait
DUNES FISHING LIMITED
SYNERGY CONTROL SYSTEMS LTD
Michael Tait
BLUE OCEAN HOLDINGS LTD
FISHERIES TEMP LIMITED
MICOFISH LIMITED
SCOTTISH FISHERMEN'S ORGANISATION LIMITED
SCOTTISH PELAGIC FISHERMEN'S ASSOCIATION LIMITED
VALVE 77 LTD
WESTWARD BF 350 LIMITED
George Tait Jnr
GMT INVESTMENTS LIMITED
GUIFUSE LTD
SYNERGY CONTROL SYSTEMS LTD
George Tait Snr
NORTH GISBORNE LTD
SCOTTISH BOATOWNERS MUTUAL INSURANCE ASSOCIATION (THE).
SCOTTISH PELAGIC FISHERMEN'S ASSOCIATION LIMITED
WESTWARD BF 350 LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 32,330,493 32,330,493 27,347,221
Current Assets 1,928,531 1,928,531 3,048,820
Creditors Due Within One Year 3,332,272 3,332,272 2,680,867
Working Cap -1,403,741 -1,403,741 367,953
Total Assets Less Current Liabilities 30,926,752 30,926,752 27,715,174
Long-term Liabilities 1,869,224 1,869,224 2,570,416
Net Assets 29,057,528 29,057,528 25,144,758
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 29,057,528 29,057,528 25,144,758
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 94.4% 94.4% 90.0%
Stocks Inventory - - -
Debtors 1.1% 1.1% 1.0%
Cash Bank In Hand 4.6% 4.6% 9.0%
Current Assets 5.6% 5.6% 10.0%
Creditors Due Within One Year 9.7% 9.7% 8.8%
Net Current Assets Liabilities -4.1% -4.1% 1.2%
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 84.8% 84.8% 82.7%
Capital Employed - - -
Total Assets Less Current Liabilities 90.3% 90.3% 91.2%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.6 0.6 1.1
Solvency Ratio 6.6 6.6 5.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2023 31-Dec-2022 31-Dec-2021
Assets 34,259,024 34,259,024 30,396,041
Debt 5,201,496 5,201,496 5,251,283
Net Assets/Debt 29,057,528 29,057,528 25,144,758

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

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 Unlock full report
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 Unlock full report
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 Unlock full report
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 Unlock full report

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 Unlock full report
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) X
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 Unlock full report

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 Unlock full report

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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BUCHAN POTATO GROWERS LIMITED
12 Carden Place, Aberdeen, AB43 8UR
M&E TECH LIMITED
STENNESS, RATHEN, FRASERBURGH, ABERDEENSHIRE, AB43 8UR
Document Filings
Confirmation statement made on 4 May 2025 with no updates
Confirmation statement made on 4 May 2024 with updates
Memorandum and Articles of Association
Resolutions
Memorandum and Articles of Association
Resolutions
Change of share class name or designation
Statement of capital on 31 March 2022
Confirmation statement made on 4 May 2023 with no updates
Confirmation statement made on 4 May 2022 with no updates
Confirmation statement made on 4 May 2021 with updates
Statement of capital on 29 December 2020
Statement of capital on 17 January 2020
Confirmation statement made on 4 May 2020 with updates
Director's details changed for George Tait on 4 May 2020
Director's details changed for George Tait on 4 May 2020
Confirmation statement made on 13 April 2020 with updates
Director's details changed for George Tait on 21 January 2020
Confirmation statement made on 23 December 2019 with updates
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