Company Overview
Shetland Marine Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 03 May 2011, so this is a well established company. Shetland Marine Limited has been in business for 14 years and 11 months. The accounts status is total exemption full and the accounts are next due on Friday 31 July 2026.
Registered Address

Marine Park, Vidlin, Shetland, ZE2 9QB
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Companies House Data
Company NameSHETLAND MARINE LIMITED
Company NumberSC398706
Registered Office AddressMarine Park
 Vidlin
 ZE2 9QB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date03/05/2011
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2026
Accounts Last Made Up Date31/10/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date31/05/2017
Returns Last Made Up Date03/05/2016
Previous Company NameChanged Date
JOHNSON BROTHERS (VIDLIN) LIMITED22 Apr 2022
NORPAK ISLAND LIMITED05 May 2021
HMS (879) LIMITED06 May 2011
Directors & Members
Show Resigned
Angus Johnson - Director
(British, 70 years old, born December 1956)
Appointed 06 May 2011
 Active
Ivor Johnson - Director
(British, 59 years old, born May 1967)
Appointed 06 May 2011
 Active
Secretaries
Show Resigned
Other Company Directorships
Angus Johnson
COLLAFIRTH SALMON LIMITED
COLLAFIRTH SEAFARMS LIMITED
FISH HOLM LIMITED
GRADING SYSTEMS (UK) LIMITED
GREEN ISLAND ORGANICS LIMITED
ISLAND MARINE SYSTEMS LIMITED
JOHNSON COD 1 PLC
JOHNSON MARINE SCOTLAND LIMITED
JOHNSON SEAFARMS LIMITED
JOHNSON SEAWELL LIMITED
M.I.A. (PROPERTIES) LIMITED
MARINE PARK LIMITED
MILLBURN SALMON LIMITED
NO CATCH LIMITED
NO CATCH PROCESSING LIMITED
NO CATCH SHELLFISH LIMITED
NO CATCH SITE MANAGEMENT LIMITED
NORTH ISLES SEAFARMS LIMITED
NORTHERN AQUACULTURE LIMITED
SAFETRANS SCOTLAND LIMITED
SETTER NESS SALMON LIMITED
TRIDENT AQUA SERVICES (UK) LIMITED
UK SCALLOPS LIMITED
VIDLIN SEAFARMS LIMITED
WINDHOUSE SEAFARM LIMITED
Ivor Johnson
COLLAFIRTH SALMON LIMITED
COLLAFIRTH SEAFARMS LIMITED
FISH HOLM LIMITED
GRADING SYSTEMS (UK) LIMITED
GREEN ISLAND ORGANICS LIMITED
ISLAND MARINE SYSTEMS LIMITED
JOHNSON COD 1 PLC
JOHNSON MARINE SCOTLAND LIMITED
JOHNSON SEAFARMS LIMITED
MARINE PARK LIMITED
MILLBURN SALMON LIMITED
NO CATCH PROCESSING LIMITED
NO CATCH SHELLFISH LIMITED
NORTH ISLES SEAFARMS LIMITED
NORTHERN AQUACULTURE LIMITED
SHETLAND AQUACULTURE PRODUCERS ORGANISATION LIMITED
TRIDENT AQUA SERVICES (UK) LIMITED
UK SCALLOPS LIMITED
VIDLIN SEAFARMS LIMITED
WINDHOUSE SEAFARM LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Balance Sheet
Fixed Assets 209,459 209,459 212,815
Current Assets 13,953 13,953 10,805
Creditors Due Within One Year 288,816 288,816 277,187
Working Cap -274,863 -274,863 -266,382
Total Assets Less Current Liabilities -65,404 -65,404 -53,567
Long-term Liabilities 134 134 134
Net Assets -65,538 -65,538 -53,701
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -65,538 -65,538 -53,701
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 93.8% 93.8% 95.2%
Stocks Inventory - - -
Debtors 2.9% 2.9% 2.0%
Cash Bank In Hand 3.4% 3.4% 2.8%
Current Assets 6.2% 6.2% 4.8%
Creditors Due Within One Year 129.3% 129.3% 124.0%
Net Current Assets Liabilities -123.0% -123.0% -119.1%
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 -29.3% -29.3% -24.0%
Capital Employed - - -
Total Assets Less Current Liabilities -29.3% -29.3% -24.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Liquidity Ratio 0.0 0.0 0.0
Solvency Ratio 0.8 0.8 0.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2024 31-Oct-2022 31-Oct-2021
Assets 223,412 223,412 223,620
Debt 288,950 288,950 277,321
Net Assets/Debt -65,538 -65,538 -53,701

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. The balance sheet net assets figure is negative.

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. The balance sheet net assets figure is negative.   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. The balance sheet net assets figure is negative.

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 ZE2 9QB
CALLIEU'S HANDMADE BAKING CO. OF VIDLIN, SHETLAND LTD
Kirstjenn, Vidlin, Shetland, ZE2 9QB
UK SCALLOPS LIMITED
MARINE PARK, VIDLIN, SHETLAND, ZE2 9QB
J JOHNSON FISHING LTD
HJEM, VIDLIN, SHETLAND, ZE2 9QB
WINDHOUSE SEAFARM LIMITED
Marine Park, Vidlin, Shetland, ZE2 9QB
VALLAYRE MARINE LTD
VALLAYRE, VIDLIN, SHETLAND, ZE2 9QB
ISLAND MARINE SYSTEMS LIMITED
MARINE PARK, VIDLIN, SHETLAND, ZE2 9QB
SHETLAND NEWS LLP
The Knowes Lunning, Vidlin, Shetland, Shetland Islands, ZE2 9QB
GRADING SYSTEMS (UK) LIMITED
MARINE PARK, VIDLIN, SHETLAND, ZE2 9QB
TRIDENT AQUA SERVICES (UK) LIMITED
TRIDENT AQUA SERVICES (UK) LIMITED GARTHSPOOL, LERWICK, SHETLAND, ZE2 9QB
COLLAFIRTH SEAFARMS LIMITED
MARINE PARK, VIDLIN, SHETLAND, ZE2 9QB
Document Filings
Confirmation statement made on 3 May 2025 with no updates
Confirmation statement made on 3 May 2024 with no updates
Confirmation statement made on 3 May 2023 with no updates
Notification of Angus Johnson as a person with significant control on 22 April 2022
Notification of Ivor Gilbert Johnson as a person with significant control on 22 April 2022
Termination of appointment of David Joseph Leask as a director on 1 June 2022
Cessation of David Joseph Leask as a person with significant control on 1 June 2022
Confirmation statement made on 3 May 2022 with no updates
Certificate of change of name
Resolutions
Confirmation statement made on 3 May 2021 with no updates
Confirmation statement made on 3 May 2020 with no updates
Confirmation statement made on 3 May 2019 with no updates
Confirmation statement made on 3 May 2018 with no updates
Confirmation statement made on 3 May 2017 with updates
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