Company Overview
North Fish (Shetland) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 01 March 2004, so this is a well established company. North Fish (Shetland) Limited has been in business for 22 years and 1 month. The accounts status is total exemption full and the accounts are next due on Thursday 31 December 2026.
Registered Address

Gronnack, Whiteness, Whiteness, Shetland, ZE2 9LL
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Companies House Data
Company NameNORTH FISH (SHETLAND) LIMITED
Company NumberSC264216
Registered Office AddressGronnack, Whiteness
 Whiteness
 ZE2 9LL
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/03/2004
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2026
Accounts Last Made Up Date31/03/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date29/03/2017
Returns Last Made Up Date01/03/2016
Directors & Members
Show Resigned
John Goodlad - Director
(British, 70 years old, born November 1956)
Appointed 19 February 2014
 Active
Gavin Grains - Director
(British, 51 years old, born February 1975)
Appointed 31 March 2004
 Active
Calum Grains - Director
(British, 55 years old, born March 1971)
Appointed 01 March 2004
 Active
Angus Grains - Director
(British, 59 years old, born June 1967)
Appointed 01 March 2004
 Active
Secretaries
Show Resigned
Angus Grains - Secretary
(British)
Appointed 01 March 2004
 Active
Other Company Directorships
John Goodlad
BRESSAY SALMON LIMITED
CRO LAX LIMITED
FISHERIES INNOVATION & SUSTAINABILITY
HAVFISK LIMITED
HAVSEA LIMITED
HIE SHETLAND
NORTH ATLANTIC SEA FARMS LIMITED
NORTHERN AQUACULTURE LIMITED
PELAGIA (BRESSAY) LIMITED
PELAGIA SHETLAND LIMITED
S.F.F. SERVICES LIMITED
SCOTTISH FISHERMEN'S TRUST
SCOTTISH PELAGIC SUSTAINABILITY GROUP LIMITED
SHETLAND FISHERIES TRAINING ASSOCIATION
SHETLAND HALIBUT COMPANY LIMITED
SHETLAND SEAFISH LTD.
SHETLAND SEAFOOD CENTRE JOINT VENTURE COMPANY LIMITED
SHETLAND SEAFOOD NEWS LIMITED
SIMMER DIM LIMITED
ST OLAF'S HALL LLP
THE SHETLAND WEEKLY LIMITED
WATT AND GOODLAD LTD.
WEST FISH (SHETLAND) LIMITED
Gavin Grains
ATLANTIC FERRIES LIMITED
GREEN HOLM LIMITED
HOOVE SALMON LIMITED
PAPIL SALMON FARM LIMITED
ST OLAF'S HALL LLP
Calum Grains
ATLANTIC FERRIES LIMITED
BLACK HILL INDUSTRIAL ESTATE LIMITED
HOOVE SALMON LIMITED
KEBISTER AGRICULTURAL LIMITED
PELAGIA SHETLAND LIMITED
SHETLAND TALL SHIPS LTD
ST OLAF'S HALL LLP
Angus Grains
ATLANTIC FERRIES LIMITED
FAINA WINDFARM LIMITED
GREEN HOLM LIMITED
HOOVE SALMON LIMITED
HYDROSTORE LIMITED
NORTH HOO FIELD LIMITED
NORTHERN AQUACULTURE LIMITED
PAPIL SALMON FARM LIMITED
SHETLAND AQUACULTURE PRODUCERS ORGANISATION LIMITED
SHETLAND ARCTIC COD LIMITED
SHETLAND FISHERIES TRAINING ASSOCIATION
SHETLAND HALIBUT COMPANY LIMITED
SHETLAND SALMON GROUP LIMITED
SSG SEAFOODS LIMITED
ST OLAF'S HALL LLP
THOMPSON BROS SALMON LIMITED
WEST FISH (SHETLAND) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Mar-2025 30-Sep-2014 30-Sep-2013
Balance Sheet
Fixed Assets 2,818,431 2,818,431 1,724,745
Current Assets 433,466 433,466 436,386
Creditors Due Within One Year 401,122 401,122 223,033
Working Cap 32,344 32,344 213,353
Total Assets Less Current Liabilities 2,850,775 2,850,775 1,938,098
Long-term Liabilities 1,103,641 1,103,641 721,646
Net Assets 1,747,134 1,747,134 1,216,452
Share Capital & Reserves
Share Cap 4 4 3
Profit & Loss Reserves 1,151,201 1,151,201 1,107,380
Other Reserves 595,929 595,929 109,069
Shareholders Funds 1,747,134 1,747,134 1,216,452
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2025 30-Sep-2014 30-Sep-2013
Tangible Fixed Assets - - -
Fixed Assets 86.7% 86.7% 79.8%
Stocks Inventory 4.8% 4.8% 3.8%
Debtors 4.5% 4.5% 4.8%
Cash Bank In Hand 4.0% 4.0% 11.6%
Current Assets 13.3% 13.3% 20.2%
Creditors Due Within One Year 12.3% 12.3% 10.3%
Net Current Assets Liabilities 1.0% 1.0% 9.9%
Creditors Due After One Year 33.9% 33.9% 33.4%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 53.7% 53.7% 56.3%
Called Up Share Capital 0.0% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 35.4% 35.4% 51.2%
Shareholder Funds 53.7% 53.7% 56.3%
Capital Employed - - -
Total Assets Less Current Liabilities 87.7% 87.7% 89.7%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2025 30-Sep-2014 30-Sep-2013
Liquidity Ratio 1.1 1.1 2.0
Solvency Ratio 2.2 2.2 2.3
Reserves to Assets 0.4 0.4 0.5
Secured Creditors Unlock full report
Mortgages Charges 11
Mortgages Outstanding 9
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2025 30-Sep-2014 30-Sep-2013
Assets 3,251,897 3,251,897 2,161,131
Debt 1,504,763 1,504,763 944,679
Net Assets/Debt 1,747,134 1,747,134 1,216,452

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 appeared positive. We would normally view a company positively for this. 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.

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 appeared positive. We would normally view a company positively for this. 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 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 appeared positive. We would normally view a company positively for this. 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.

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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Document Filings
Confirmation statement made on 1 March 2026 with no updates
Confirmation statement made on 1 March 2025 with no updates
Confirmation statement made on 1 March 2024 with no updates
Satisfaction of charge SC2642160009 in full
Confirmation statement made on 1 March 2023 with no updates
Registration of charge SC2642160011, created on 14 July 2022
Confirmation statement made on 1 March 2022 with no updates
Confirmation statement made on 1 March 2021 with no updates
Current accounting period extended from 30 September 2020 to 31 March 2021
Confirmation statement made on 1 March 2020 with no updates
Confirmation statement made on 1 March 2019 with no updates
Confirmation statement made on 1 March 2018 with no updates
Confirmation statement made on 1 March 2017 with updates
Annual return made up to 1 March 2016 with full list of shareholders
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