EXCEL SHELLFISH LIMITED

🌳Matureactive
04269695 · ltd · incorporated 2001-08-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Aug 2025
Net worth
£80.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46380Wholesale of other food, including fish, crustaceans and molluscs
  • 47230SIC 47230
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -74% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 24.2y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 24.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 4 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £80,347
Net assets shrinking
Down £14,872 YoY
Cash draining
Cash down 74% YoY
Cash YoY
-74%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£28k
↓ 74% YoY
Net Worth
£80k
↓ 16% YoY
Current Assets
£90k
↓ 52% YoY
Current Liabilities
—
£0£38k£75k£113k£151k£188kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£177.1k£116.3k
Current assets£89.9k£188.2k
Cash£28.1k£107.3k
Debtors£54.9k£72.4k
Net assets£80.3k£95.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-06-13
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  4. 2025-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-12-10
    🔒
    Charge registered #2
    Lender: Hsbc UK Bank PLC
  7. 2023-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-10-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-10-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2023-10-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2021-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-11-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2018-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2012-01-17
    ➕
    MOORE, Kelly appointed
    director
  21. 2008-05-31
    ➖
    WILKINS, Robert Jason resigned
    director
  22. 2007-12-14
    ➕
    MOORE, Mark Anthony appointed
    secretary
  23. 2007-12-14
    ➖
    WILKINS, Robert Jason resigned
    secretary
  24. 2005-08-19
    ➖
    DURRANS, Michele Dennise resigned
    secretary
  25. 2005-08-19
    ➕
    WILKINS, Robert Jason appointed
    secretary
  26. 2005-08-19
    ➖
    DURRANS, Mark Richard resigned
    director
  27. 2004-07-01
    ➕
    MOORE, Mark Anthony appointed
    director
  28. 2004-01-01
    ➕
    WILKINS, Robert Jason appointed
    director
  29. 2002-05-06
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  30. 2001-09-12
    ➕
    DURRANS, Michele Dennise appointed
    secretary
  31. 2001-09-12
    ➕
    DURRANS, Mark Richard appointed
    director
  32. 2001-09-03
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  33. 2001-09-03
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  34. 2001-08-14
    🏢
    Company incorporated
    As EXCEL SHELLFISH LIMITED
  35. 2001-08-14
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  36. 2001-08-14
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

84/100
Critical — business is the founder

The 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 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — 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 candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mark Anthony Moore
Individual · British · DOB 03/1967 · age 59
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Miss Kelly Moore
Individual · British · DOB 01/1991 · age 35
——board controlboard control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2001-08-14
Jurisdictionengland-wales
Primary SIC10200 — SIC 10200

Registered office

Vantage Point House Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND
England

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-08-28
Last: 2025-08-14

Officers (3 active · 6 resigned)

MOORE, Mark Anthony→
secretary · appointed 2007-12-14
View their other companies + combined net worth →
Active
MOORE, Kelly→
director · ~35y · appointed 2012-01-17
View their other companies + combined net worth →
Active
MOORE, Mark Anthony→
director · ~59y · appointed 2004-07-01
View their other companies + combined net worth →
Active
DURRANS, Michele Dennise→
secretary · appointed 2001-09-12 · resigned 2005-08-19
Resigned
WILKINS, Robert Jason→
secretary · appointed 2005-08-19 · resigned 2007-12-14
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2001-08-14 · resigned 2001-09-03
Resigned
DURRANS, Mark Richard→
director · ~67y · appointed 2001-09-12 · resigned 2005-08-19
Resigned
WILKINS, Robert Jason→
director · ~57y · appointed 2004-01-01 · resigned 2008-05-31
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2001-08-14 · resigned 2001-09-03
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property13/06/2025—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property10/12/2024—
outstanding
HSBC
Hsbc Bank PLC
Debenture1 property06/05/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-16
change-person-secretary-company-with-change-date
officers · CH03
2023-10-16
change-person-director-company-with-change-date
officers · CH01
2023-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-26