PENNY LANE FOODS LIMITED
🌳Matureactive
01877588 · ltd · incorporated 1985-01-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£3.65M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 10130
Sector: Manufacturing
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 7 lenders · oldest 39.8y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 39.8 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
13 officers (4 active, 13 linked, 6 with DOB)
79
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
154 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £3,645,938
Key financials
1 year extracted from filed iXBRL accountsCash
£51k
Net Worth
£3.6m
Current Assets
£3.5m
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 |
|---|---|
| Total assets | £4.57M |
| Current assets | £3.48M |
| Cash | £51.3k |
| Debtors | £1.87M |
| Net assets | £3.65M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
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
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2026-03-19📄accounts-with-accounts-type-mediumaccounts · AA
- 2025-09-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-20📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-05-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-02📄accounts-with-accounts-type-fullaccounts · AA
- 2022-06-27📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-08-16🔓Charge satisfied #6
- 2021-03-26➕JONES, Catherine Laura appointeddirector
- 2021-03-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-01-12📄accounts-with-accounts-type-fullaccounts · AA
- 2020-10-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-10-05➕JONES, Catherine Laura appointedsecretary
- 2020-04-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-04-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-04-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-03-31➖JONES, Catherine Laura resignedsecretary
- 2020-03-31➖JONES, Catherine Laura resigneddirector
- 2019-10-06📄accounts-with-accounts-type-fullaccounts · AA
- 2019-05-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-05-15➕JONES, Catherine Laura appointedsecretary
- 2019-05-15➕JONES, Catherine Laura appointeddirector
- 2019-04-02➖JONES, Catherine Laura resignedsecretary
- 2019-04-02➖JONES, Catherine Laura resigneddirector
- 2014-05-01➕JONES, Catherine Laura appointeddirector
- 2012-12-21🔒Charge registered #7Lender: Lloyds Tsb Bank PLC
- 2012-08-10🔒Charge registered #6Lender: Lloyds Tsb Commercial Finance Limited
- 2006-06-21🔓Charge satisfied #5
- 2003-06-11➕BAILHACHE, Edmund James Quentin appointedsecretary
- 2003-06-11➖LUCKES, Gillian Scott resignedsecretary
- 2003-06-11➖LUCKES, James resigneddirector
- 2003-06-11🔒Charge registered #5Lender: Mr James Luckes
- 2000-01-19🔓Charge satisfied #1
- 1997-12-31➕JONES, Catherine Laura appointedsecretary
- 1997-11-14➖CHURCHILL, Reginald Percival resigneddirector
- 1997-07-29🔓Charge satisfied #3
- 1997-05-21🔒Charge registered #4Lender: Lloyds Bank PLC
- 1996-11-01➕LUCKES, Gillian Scott appointedsecretary
- 1996-11-01➖LUCKES, James resignedsecretary
- 1995-06-28🔓Charge satisfied #2
- 1995-05-31🔒Charge registered #3Lender: Trade Indemnity-Heller Commercial Finance LTD
- 1995-01-02➕JONES, Adrian Christopher appointeddirector
- 1993-02-08➕LUCKES, James appointedsecretary
- 1993-01-25➖LUCKES, Jennifer Ann resignedsecretary
- 1986-09-23🔒Charge registered #2Lender: R.P. Churchill
- 1986-09-22🔒Charge registered #1Lender: S Luckes & Son Limited
- 1985-01-15🏢Company incorporatedAs PENNY LANE FOODS LIMITED
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Penny Lane Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Penny Lane Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
PENNY LANE FOODS LIMITED
This company · 01877588
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 |
|---|---|---|---|---|
Penny Lane Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 14/05/2024 |
2 historic (ceased) PSCs
- Mr Adrian Christopher Jonesceased 14/05/2024· 75-100% shares
- Mrs Catherine Laura Jonesceased 02/04/2019· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Food & drink · TA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KINGDOM TM LTD→ 09479921 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| NETTLECOMBE PROJECTS LTD→ 10993008 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| NEW CROSS ALES LTD→ 10857873 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| NEWDEAL LIMITED→ 03267057 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| OLDE MILL LTD→ 08900056 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| PARRETT INGREDIENTS LIMITED→ 02913950 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| PENNY LANE HOLDINGS LTD→ 04584866 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| PERFORMANCE SIMPLIFIED LTD→ 16973730 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| PJ HAYMAN ABATTOIR LTD→ 14226901 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| POULTRYMATE LTD→ 16676498 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| QUINCE HONEY PRODUCTION LIMITED→ 16283060 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RATTLESNACKS LTD→ 11559569 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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 →🔒Advanced scoring suite
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
Statusactive
Typeltd
Incorporated1985-01-15
Jurisdictionengland-wales
Primary SIC10130 — SIC 10130
Registered office
Units 1a- 1e Yeo Road
Colley Lane Industrial Estate
Bridgwater
Somerset
TA6 5NA
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-06-14
Last: 2026-05-31
Officers (4 active · 9 resigned)
BAILHACHE, Edmund James Quentin→
Activesecretary · appointed 2003-06-11
View their other companies + combined net worth →
JONES, Catherine Laura→
Activesecretary · appointed 2020-10-05
View their other companies + combined net worth →
JONES, Adrian Christopher→
Activedirector · ~61y · appointed 1995-01-02
View their other companies + combined net worth →
JONES, Catherine Laura→
Activedirector · ~58y · appointed 2021-03-26
View their other companies + combined net worth →
JONES, Catherine Laura→
Resignedsecretary · appointed 2019-05-15 · resigned 2020-03-31
JONES, Catherine Laura→
Resignedsecretary · appointed 1997-12-31 · resigned 2019-04-02
LUCKES, Gillian Scott→
Resignedsecretary · appointed 1996-11-01 · resigned 2003-06-11
LUCKES, James→
Resignedsecretary · appointed 1993-02-08 · resigned 1996-11-01
LUCKES, Jennifer Ann→
Resignedsecretary · resigned 1993-01-25
CHURCHILL, Reginald Percival→
Resigneddirector · ~91y · resigned 1997-11-14
JONES, Catherine Laura→
Resigneddirector · ~58y · appointed 2019-05-15 · resigned 2020-03-31
JONES, Catherine Laura→
Resigneddirector · ~58y · appointed 2014-05-01 · resigned 2019-04-02
LUCKES, James→
Resigneddirector · ~81y · resigned 2003-06-11
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Mortgage deed | 1 property | 21/12/2012 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | All assets debenture | 1 property | 10/08/2012 | 16/08/2021 | |
| satisfied | Mr James Luckes | Debenture | 1 property | 11/06/2003 | 21/06/2006 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | Debenture deed | 1 property | 21/05/1997 | — | |
| satisfied | Trade Indemnity-Heller Commercial Finance Trade Indemnity-Heller Commercial Finance LTD | Fixed charge over book debts | 1 property | 31/05/1995 | 29/07/1997 | |
| satisfied | R.P. Churchill / B.A. Churchill | Debenture | 1 property | 23/09/1986 | 28/06/1995 | |
| satisfied | S Luckes & Son S Luckes & Son Limited | Debenture | 1 property | 22/09/1986 | 19/01/2000 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (154 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-09
accounts-with-accounts-type-medium
accounts · AA
2026-03-19
accounts-with-accounts-type-full
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
accounts-with-accounts-type-full
accounts · AA
2024-05-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-05-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-03
accounts-with-accounts-type-full
accounts · AA
2023-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-01
accounts-with-accounts-type-full
accounts · AA
2022-06-27
accounts-with-accounts-type-full
accounts · AA
2021-10-07
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-02