C I FISHING LTD

Executive Summary

C I Fishing Ltd is a newly incorporated, micro-entity private limited company with a strong initial liquidity position and no regulatory compliance concerns to date. While financial disclosures are limited and the business has a short trading history, the positive net current assets and timely filings reduce immediate solvency and liquidity concerns. Investors should conduct further due diligence on operational viability and governance given sole director control and limited financial detail.

C I FISHING LTD - Analysis Report

Company Number: SC781551

Analysis Date: 2025-07-20 15:56 UTC

1. Risk Rating: LOW
   The company is newly incorporated (2023), with no overdue filings and a positive net current asset position. The financials show a strong liquidity position relative to liabilities and shareholders’ funds exceeding £50k, indicating initial solvency and operational stability.

2. Key Concerns:

• Limited Operating History: As a newly formed company with one financial year completed, there is limited historical data to assess ongoing business performance or trends.
• Single Director and PSC Concentration: Christopher Irvine holds sole control (75-100%) including share ownership and director appointment rights, which may pose governance and succession risks.
• Micro-Entity Filing with Minimal Disclosures: The company benefits from micro-entity exemptions, limiting available financial detail, making it harder to gauge profitability, cash flow quality, or contingent liabilities.

3. Positive Indicators:

• Strong Working Capital Position: Net current assets of approximately £50k suggest the company can meet short-term obligations comfortably.
• No Filing or Compliance Issues: Accounts and confirmation statement are filed timely, with no overdue filings or regulatory flags.
• Clear Industry Focus and Local Presence: The company operates in marine fishing (SIC 3110) with director’s occupation aligned to the business, supporting operational relevance.

4. Due Diligence Notes:

• Review detailed cash flow statements and profit and loss accounts (not provided) to confirm operational cash generation versus reliance on shareholder funding.
• Assess the business plan and market conditions for marine fishing in Shetland to evaluate sustainability and growth prospects.
• Investigate any related party transactions or loans from the sole shareholder/director to ensure financial independence and transparency.
• Confirm insurance, licensing, and regulatory compliance specific to fishing operations in the UK maritime jurisdiction.
• Monitor subsequent filings and director conduct records for any changes or emerging issues.