SSF SHETLAND LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-12-23 (in 7mo)
Last made up 2025-12-09
Watchouts
Cash
—
Latest balance sheet
Net assets
-£6M
+63.7% vs 2023
Employees
77
-4.9% vs 2023
Profit before tax
£16M
+460.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company's director has concluded that these conditions represent a material uncertainty that may cast significant doubt on Scottish Sea Farms Limited's ability to provide financial support to SSF Shetland Limited, post 30 June 2026, and thus on SSF Shetland's Limited's ability to continue as a going concern.
Name history
Renamed 3 times since incorporation
- SSF SHETLAND LIMITED 2021-12-16 → present
- GRIEG SEAFOOD SHETLAND LIMITED 2015-07-02 → 2021-12-16
- HJALTLAND SEAFARMS LIMITED 2005-05-27 → 2015-07-02
- WADBISTER SALMON LIMITED 1985-05-07 → 2005-05-27
Net assets
2-year trend · vs Consumer Staples median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £51,554,000 | £119,521,000 | |
| Operating profit | -£4,308,000 | £15,542,000 | |
| Profit before tax | -£4,308,000 | £15,542,000 | |
| Net profit | -£2,238,000 | £11,133,000 | |
| Cash | — | — | |
| Total assets less current liabilities | -£16,661,000 | -£6,356,000 | |
| Net assets | -£17,489,000 | -£6,356,000 | |
| Equity | -£17,489,000 | -£6,356,000 | |
| Average employees | 81 | 77 | |
| Wages | £3,856,000 | £3,837,000 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -8.4% | 13.0% | |
| Net margin | -4.3% | 9.3% | |
| Return on capital employed | 25.9% | -244.5% | |
| Current ratio | 0.76x | 0.79x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company's director has concluded that these conditions represent a material uncertainty that may cast significant doubt on Scottish Sea Farms Limited's ability to provide financial support to SSF Shetland Limited, post 30 June 2026, and thus on SSF Shetland's Limited's ability to continue as a going concern.”
Group structure
- SSF SHETLAND LIMITED · parent
- Isle of Skye Salmon Limited 100%
Significant events
- “On 2 January 2023 the company entered a trade agreement with its parent company Scottish Sea Farms Limited (company number 958001) where all its commercial and operating activities would be controlled and managed by the parent company. On 2 January 2023 all fixed assets owned by SSF Shetland Limited were transferred to its parent company Scottish Sea Farms. The Net Book Value of these assets was £23.2m.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 28 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ANDERSON, Dermot | Secretary | 2022-09-09 | — | — |
| ARCHIBALD, David Milligan | Director | 2025-08-07 | Feb 1979 | British |
| GALLAGHER, James Francis | Director | 2021-12-15 | Oct 1968 | British |
Show 28 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FULLERTON, Susan Marie | Secretary | 1994-12-28 | 1998-07-08 |
| JOHNSON, Francis William | Secretary | 1994-03-31 | 1994-12-28 |
| RATTER, Patricia Kay | Secretary | — | 1994-03-31 |
| STARK, Michael Otto Philipp | Secretary | 2005-06-01 | 2013-09-11 |
| SYNNEVAG, Geir | Secretary | 1998-07-08 | 2005-06-01 |
| BRANDIE, George Thorkell | Director | 1996-01-01 | 1997-04-18 |
| CUMMING, Grant | Director | 2018-03-13 | 2022-12-14 |
| FULLERTON, Susan Marie | Director | 1998-06-30 | 1998-07-08 |
| GRIEG, Per | Director | 2007-07-20 | 2009-06-16 |
| HAUGLAND, Eirik Bloch | Director | 2007-07-20 | 2009-07-31 |
| JOHNSON, Francis William | Director | 1994-03-31 | 1998-07-08 |
| JOHNSON, Gilbert | Director | — | 1990-06-14 |
| KVAME, Andreas | Director | 2018-03-13 | 2021-12-15 |
| KVANGARDSNES, Ivar | Director | 2007-07-20 | 2009-11-30 |
| LASCHINGER, Rudolf Jakob | Director | 1998-07-08 | 2001-04-17 |
| LEYLAND, Martin Thomas | Director | 1994-03-31 | 1998-07-08 |
| MOGSTER, Frode | Director | 2001-04-17 | 2007-07-20 |
| RATTER, George Arthur | Director | — | 1994-03-31 |
| RATTER, John William | Director | — | 1994-03-31 |
| RATTER, John Arthur | Director | — | 1994-03-31 |
| RATTER, Patricia Kay | Director | — | 1994-03-31 |
| SANDTORV, Atle Harald | Director | 2014-12-11 | 2021-12-15 |
| STARK, Michael Otto Philipp | Director | 2005-06-01 | 2013-09-11 |
| SVENDSEN, Olav | Director | 2001-04-17 | 2007-07-20 |
| SYNNEVAG, Geir | Director | 1998-07-08 | 2005-06-01 |
| UTHEIM, Knut | Director | 2014-12-11 | 2021-12-15 |
| VIKE, Morten | Director | 2009-06-18 | 2014-12-11 |
| ØSTVEDT, Trude Elisabeth | Director | 2014-12-11 | 2018-03-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ssf Hjaltland Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-12-15 | Active |
| Nordea Bank Ab | Corporate entity | Shares 75–100% | 2018-02-28 | Ceased 2021-12-15 |
| Grieg Seafood Asa | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2021-12-15 |
Filing timeline
Last 20 of 219 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-12-16 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-10-21 | CH03 | officers | Change person secretary company with change date | |
| 2025-09-29 | AA | accounts | Accounts with accounts type full | |
| 2025-08-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-25 | AA | accounts | Accounts with accounts type full | |
| 2024-01-29 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-14 | AA | accounts | Accounts with accounts type full | |
| 2023-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-12-22 | TM01 | officers | Termination director company with name termination date | |
| 2022-10-03 | AA | accounts | Accounts with accounts type full | |
| 2022-09-12 | AP03 | officers | Appoint person secretary company with name date | |
| 2022-02-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-01-19 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-12-16 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2021-12-16 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-16 | CERTNM | change-of-name | Certificate change of name company | |
| 2021-12-16 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+131.8%
£51,554,000 £119,521,000
-
Cash
—
Not reported
-
Net assets
+63.7%
-£17,489,000 -£6,356,000
-
Employees
-4.9%
81 77
-
Operating profit
+460.8%
-£4,308,000 £15,542,000
-
Profit before tax
+460.8%
-£4,308,000 £15,542,000
-
Wages
-0.5%
£3,856,000 £3,837,000
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers