IMAGE ON FOOD LIMITED
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 25.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 25.9 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
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 | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total assets | £1.83M | £1.70M |
| Current assets | £1.95M | £1.64M |
| Cash | £975.4k | £993.4k |
| Debtors | £699.9k | £459.5k |
| Net assets | £1.69M | £1.54M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (36 events)Click to expand
- 2026-05-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-01➕WILLIAMS, Gemma appointeddirector
- 2023-04-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-17🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2020-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-25📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-03-25📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-03-24➕HOPCROFT, Sarah Elizabeth appointedsecretary
- 2020-03-24➖HALL, Sarah Elizabeth resignedsecretary
- 2020-03-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-03-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-03-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-02🔓Charge satisfied #2
- 2020-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2008-09-11🔓Charge satisfied #1
- 2006-10-24🔒Charge registered #2Lender: Hsbc Bank PLC
- 2004-08-25➖MERRICK, Raymond resigneddirector
- 2000-08-29🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 1997-01-10➕MERRICK, Raymond appointeddirector
- 1995-03-30➕HOPCROFT, Sarah Elizabeth appointeddirector
- 1995-03-30➕HOPCROFT, Tim Roy appointeddirector
- 1995-03-30➕HALL, Sarah Elizabeth appointedsecretary
- 1995-03-30➖BRITANNIA COMPANY FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 1995-03-30➖DEANSGATE COMPANY FORMATIONS LIMITED resignedcorporate-nominee-director
- 1995-03-13🏢Company incorporatedAs IMAGE ON FOOD LIMITED
- 1995-03-13➕BRITANNIA COMPANY FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 1995-03-13➕DEANSGATE COMPANY FORMATIONS LIMITED appointedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 67 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanGroup structure
Image On Food (Holdings) Limited 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 |
|---|---|---|---|---|
Image On Food (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/02/2020 |
2 historic (ceased) PSCs
- Mr Timothy Roy Hopcroftceased 26/02/2020· 25-50% shares
- Ms Sarah Elizabeth Hopcroftceased 26/02/2020· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 (4 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 17/09/2020 | — | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 24/10/2006 | 02/03/2020 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 29/08/2000 | 11/09/2008 |