KERSHAWS FROZEN FOODS LIMITED
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (60/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
6 live charges · 4 lenders · oldest 51.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 51.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £15.89M | £17.90M |
| Gross profit | £2.47M | £2.77M |
| Operating profit | £4.0k | £-81.6k |
| Profit before tax | £-36.1k | £-119.0k |
| Average employees | 12400 | 14200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.
Available from the Pro tier upwards.
See pricing →Recent activity
Corporate timeline (46 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-01➖BAXENDALE, Ian resigneddirector
- 2024-09-24📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-02-12➕BAXENDALE, Ian appointeddirector
- 2023-10-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-09➖KERSHAW, Kayleigh Margaret resigneddirector
- 2023-08-23📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-05-31➖ARCHER, Marjorie resignedsecretary
- 2021-05-31➖ARCHER, Marjorie resigneddirector
- 2021-01-10📄accounts-with-accounts-type-fullaccounts · AA
- 2019-10-10📄change-person-director-company-with-change-dateofficers · CH01
- 2019-08-27📄accounts-with-accounts-type-fullaccounts · AA
- 2019-08-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-08-08🔓Charge satisfied #6
- 2019-04-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2019-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-15➕NICKSON, Michael appointeddirector
- 2019-04-15➕SIDEBOTHAM, Paul appointeddirector
- 2019-04-15➕WRIGHT, David appointeddirector
- 2019-04-15➖HOWARTH, Alan resigneddirector
- 2019-04-15➕KERSHAW, Kayleigh Margaret appointeddirector
- 2011-12-31➖KERSHAW, Brian resigneddirector
- 2011-11-03➕HOWARTH, Alan appointeddirector
- 2010-04-05➖KERSHAW, David resigneddirector
- 2007-10-19🔓Charge satisfied #1
- 2007-10-02🔒Charge registered #6Lender: National Westminster Bank PLC
- 2005-01-31➖GALLIMORE, John Howard resigneddirector
- 1997-11-14🔓Charge satisfied #5
- 1997-11-14🔓Charge satisfied #4
- 1997-11-14🔓Charge satisfied #3
- 1997-11-14🔓Charge satisfied #2
- 1993-12-01➕KERSHAW, Brian appointeddirector
- 1993-01-25🔒Charge registered #5Lender: Close Brothers Limited
- 1992-02-10🔒Charge registered #4Lender: Close Brothers Limited
- 1991-01-22🔒Charge registered #3Lender: Close Brothers Limited
- 1981-07-16🔒Charge registered #2Lender: Barclays Bank PLC
- 1974-12-12🔒Charge registered #1Lender: Barclays Bank LTD
- 1974-06-17🏢Company incorporatedAs KERSHAWS FROZEN FOODS LIMITED
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Onchan Trading Company Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Onchan Trading Company Ltd Corporate entity | 75–100% | — | 75-100% shares | 20/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Registered office
Filing status
Officers (3 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 02/10/2007 | 08/08/2019 | |
| satisfied | Close Brothers Close Brothers Limited | Prompt credit application | 1 property | 25/01/1993 | 14/11/1997 | |
| satisfied | Close Brothers Close Brothers Limited | A credit agreement | 1 property | 10/02/1992 | 14/11/1997 | |
| satisfied | Close Brothers Close Brothers Limited | Credit agreement | 1 property | 22/01/1991 | 14/11/1997 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 16/07/1981 | 14/11/1997 | |
| satisfied | Barclays Barclays Bank LTD | Debenture | 1 property | 12/12/1974 | 19/10/2007 |