Company Overview
Shetland Seafood Auctions Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 19 October 1998, so this is a well established company. Shetland Seafood Auctions Limited has been in business for 27 years and 5 months. The accounts status is total exemption full and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Lerwick Fish Market Mairs Quay, Lerwick, Shetland, Isle Of Shetland, ZE1 0PW
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Companies House Data
Company NameSHETLAND SEAFOOD AUCTIONS LIMITED
Company NumberSC190378
Registered Office AddressLerwick Fish Market Mairs Quay
 Lerwick
 ZE1 0PW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date19/10/1998
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 Date16/11/2016
Returns Last Made Up Date19/10/2015
Directors & Members
Show Resigned
Andrew Crossan - Director
(Scottish, 51 years old, born June 1975)
Appointed 26 March 2020
 Active
Brian Isbister - Director
(British, 61 years old, born March 1965)
Appointed 04 November 2003
 Active
Victor Sandison - Director
(British, 54 years old, born August 1972)
Appointed 15 August 2012
 Active
Robert Williamson - Director
(British, 62 years old, born July 1964)
Appointed 04 February 2021
 Active
Secretaries
Show Resigned
Andy Aitken - Secretary
Appointed 26 March 2020
 Active
Other Company Directorships
Andrew Crossan
H. WILLIAMSON & SONS (SCALLOWAY) LIMITED
L.H.D.LIMITED
SHETLAND LETTING COMPANY LIMITED
VALHALLA FISHING COMPANY LTD
VENTURE FISHING COMPANY LIMITED
Brian Isbister
HIE SHETLAND
MARINE ENVIRONMENTAL SOLUTIONS LIMITED
PELAGIA (BRESSAY) LIMITED
PELAGIA SHETLAND LIMITED
PELAGIC QUOTA COMPANY LIMITED
S.F.F. SERVICES LIMITED
SCOTTISH FISHERIES SUSTAINABLE ACCREDITATION GROUP
SCOTTISH PELAGIC SUSTAINABILITY GROUP LIMITED
SEAFISH U.K. LIMITED
SHETLAND SEAFISH LTD.
WHALSAY FISH PROCESSORS LIMITED
Victor Sandison
No companies found
Robert Williamson
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 290,641 290,641 242,002
Current Assets 165,290 165,290 162,225
Creditors Due Within One Year 100,337 100,337 80,324
Working Cap 64,953 64,953 81,901
Total Assets Less Current Liabilities 355,594 355,594 323,903
Long-term Liabilities 136,706 136,706 136,144
Net Assets 218,888 218,888 187,759
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 218,888 218,888 187,759
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 63.7% 63.7% 59.9%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 36.3% 36.3% 40.1%
Creditors Due Within One Year 22.0% 22.0% 19.9%
Net Current Assets Liabilities 14.2% 14.2% 20.3%
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 48.0% 48.0% 46.4%
Capital Employed - - -
Total Assets Less Current Liabilities 78.0% 78.0% 80.1%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.6 1.6 2.0
Solvency Ratio 1.9 1.9 1.9
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-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 455,931 455,931 404,227
Debt 237,043 237,043 216,468
Net Assets/Debt 218,888 218,888 187,759

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 company balance sheet displays a comfortable surplus of working capital. We would normally view 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 company balance sheet displays a comfortable surplus of working capital. We would normally view 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 company balance sheet displays a comfortable surplus of working capital. We would normally view 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
Other Business around ZE1 0PW
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THULIUM PROPERTY LIMITED
DITT, HOLMSGARTH ROAD, LERWICK, SHETLAND, ZE1 0PW
BURGESS GARAGE (SHETLAND) UNLIMITED
HOLMSGARTH ROAD, LERWICK, SHETLAND, ZE1 0PW
Document Filings
Confirmation statement made on 19 October 2025 with no updates
Confirmation statement made on 19 October 2024 with no updates
Confirmation statement made on 19 October 2023 with no updates
Confirmation statement made on 19 October 2022 with no updates
Termination of appointment of Alastair Thomas James Cooper as a director on 30 September 2022
Appointment of Mr Robert Williamson as a director on 4 February 2021
Confirmation statement made on 19 October 2021 with updates
Registered office address changed from Lerwick Fishmarket Mairs Yard Lerwick Shetland ZE1 0PW Scotland to Lerwick Fish Market Mairs Quay Lerwick Shetland Isle of Shetland ZE1 0PW on 11 May 2021
Appointment of Mr Andrew Crossan as a director on 26 March 2020
Confirmation statement made on 19 October 2020 with updates
Appointment of Mr Andy Aitken as a secretary on 26 March 2020
Termination of appointment of Andrew Crossan as a secretary on 26 March 2020
Registered office address changed from Lerwick Fishmarket Mairs Yard Lerwick Shetland ZE1 0PW Scotland to Lerwick Fishmarket Mairs Yard Lerwick Shetland ZE1 0PW on 29 October 2020
Registered office address changed from 1st Floor Fishmarket Buildings Lerwick Shetland ZE1 0LL to Lerwick Fishmarket Mairs Yard Lerwick Shetland ZE1 0PW on 29 October 2020
Register inspection address has been changed from 8 Alexandra Buildings Lerwick Shetland Scotland to Lerwick Fishmarket Mairs Yard Lerwick Shetland ZE1 0PW
Termination of appointment of Ruth Agnes Henderson as a director on 24 March 2020
Termination of appointment of Richard Harald Simpson as a director on 24 March 2020
Confirmation statement made on 19 October 2019 with updates
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