Company Overview
Quiet Waters Fishing Company Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 28 August 2007, so this is a well established company. Quiet Waters Fishing Company Limited has been in business for 18 years and 7 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Mair's Quay, Holmsgarth, Lerwick, Shetland, ZE1 0PW
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Companies House Data
Company NameQUIET WATERS FISHING COMPANY LIMITED
Company NumberSC329967
Registered Office AddressMair's Quay
 Holmsgarth
 ZE1 0PW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date28/08/2007
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date25/09/2016
Returns Last Made Up Date28/08/2015
Directors & Members
Show Resigned
James Christie - Director
(British, 46 years old, born April 1980)
Appointed 28 August 2007
 Active
Secretaries
Show Resigned
John Scollay - Secretary
Appointed 01 June 2025
 Active
Other Company Directorships
James Christie
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 1,980,642 1,980,642 2,051,120
Current Assets 210,859 210,859 47,520
Creditors Due Within One Year 860,285 860,285 465,577
Working Cap -649,426 -649,426 -418,057
Total Assets Less Current Liabilities 1,331,216 1,331,216 1,633,063
Long-term Liabilities 1,049,408 1,049,408 1,215,151
Net Assets 281,808 281,808 417,912
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 281,808 281,808 417,912
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 90.4% 90.4% 97.7%
Stocks Inventory - - -
Debtors 9.4% 9.4% 2.1%
Cash Bank In Hand 0.2% 0.2% 0.1%
Current Assets 9.6% 9.6% 2.3%
Creditors Due Within One Year 39.3% 39.3% 22.2%
Net Current Assets Liabilities -29.6% -29.6% -19.9%
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 12.9% 12.9% 19.9%
Capital Employed - - -
Total Assets Less Current Liabilities 60.7% 60.7% 77.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.2 0.2 0.1
Solvency Ratio 1.1 1.1 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 14
Mortgages Outstanding 13
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 2,191,501 2,191,501 2,098,640
Debt 1,909,693 1,909,693 1,680,728
Net Assets/Debt 281,808 281,808 417,912

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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.   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 has some deficiency. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

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
Other Business around ZE1 0PW
D.I.T.T. CONSTRUCTION LIMITED
HOLMSGARTH ROAD, LERWICK, SHETLAND, ZE1 0PW
THULIUM PROPERTY LIMITED
DITT, HOLMSGARTH ROAD, LERWICK, SHETLAND, ZE1 0PW
BURGESS GARAGE (SHETLAND) UNLIMITED
HOLMSGARTH ROAD, LERWICK, SHETLAND, ZE1 0PW
Document Filings
Cessation of James John Christie as a person with significant control on 19 November 2025
Confirmation statement made on 28 August 2025 with no updates
Appointment of Mr John Magnus Scollay as a secretary on 1 June 2025
Termination of appointment of Hazel Jane Henderson as a secretary on 30 May 2025
Registration of charge SC3299670013, created on 6 June 2025
Registration of charge SC3299670014, created on 6 June 2025
Registration of charge SC3299670015, created on 2 June 2025
Confirmation statement made on 28 August 2024 with no updates
Termination of appointment of James John Christie as a director on 4 June 2024
Confirmation statement made on 28 August 2023 with no updates
Confirmation statement made on 28 August 2022 with no updates
Confirmation statement made on 28 August 2021 with no updates
Registered office address changed from 5 Alexandra Buildings Lerwick Shetland ZE1 0LL to Mair's Quay Holmsgarth Lerwick Shetland ZE1 0PW on 4 December 2020
Registration of charge SC3299670011, created on 11 September 2020
Registration of charge SC3299670012, created on 11 September 2020
Registration of charge SC3299670010, created on 1 September 2020
Confirmation statement made on 28 August 2020 with updates
Purchase of own shares.
Cancellation of shares. Statement of capital on 9 September 2019
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