MACDUFF SHELLFISH (SCOTLAND) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 to the financial statements, which explains that following the recent acquisition of the Group, the Company's ability to continue as a going concern is dependent on future strategic decisions, for which there is no formal commitment at the date of approval. These events and conditions, along with the other matters explained in note 1.2, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. MACDUFF SHELLFISH (SCOTLAND) LIMITED 1987-12-09 → present
2. ISANDCO NINETY SEVEN LIMITED 1987-09-08 → 1987-12-09

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 to the financial statements, which explains that following the recent acquisition of the Group, the Company's ability to continue as a going concern is dependent on future strategic decisions, for which there is no formal commitment at the date of approval. These events and conditions, along with the other matters explained in note 1.2, constitute a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern.”

Group structure

1. MACDUFF SHELLFISH (SCOTLAND) LIMITED · parent
   1. Rederij Macduff BVBA 99% · Belgium · Non-trading
   2. Macduff Shellfish (France) 100% · France · Sale of shellfish

Significant events

• “On 24th July 2025, Macduff Shellfish Group Limited (the parent company) and its subsidiaries Macduff Shellfish (Scotland) Limited and Macduff Shellfish (France) were acquired as a going concern by Seafood Ecosse Limited (company no. SC119437), whose ultimate holding company is U Sea Limited (company no. SC622823).”
• “Subsequent to the balance sheet date, Rederij Macduff BVBA was dissolved through the completion of a members' voluntary liquidation on 31 March 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

5

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +9.4%

  £61,985,540 → £67,814,765

• Cash

  +44.9%

  £2,510,444 → £3,636,653

• Net assets

  -19.4%

  £20,349,060 → £16,401,568

• Employees

  -6.1%

  377 → 354

• Operating profit

  +15.5%

  -£5,473,556 → -£4,624,388

• Profit before tax

  +55.4%

  -£10,669,640 → -£4,759,674

• Wages

  +3.1%

  £13,338,345 → £13,750,430

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