NORTH LAKES FOODS LIMITED

🌳Matureactive

04451152 · ltd · incorporated 2002-05-30

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 Oct 2024

Net worth

£295.5k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: SIC 10511

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 65). 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

13 live charges · 4 lenders · oldest 23.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.5 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

18 officers (6 active, 18 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

115 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £295,518

Cash YoY

+291%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£13k

↑ 291% YoY

Net Worth

£296k

↑ 24% YoY

Current Assets

£2.4m

↑ 28% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£1.51M	£1.33M
Current assets	£2.39M	£1.86M
Cash	£13.2k	£3.4k
Debtors	£2.28M	£1.77M
Net assets	£295.5k	£238.1k

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

🔒Filing-note intelligence

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

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (71 events)Click to expand

2025-07-23
📄
accounts-with-accounts-type-small
accounts · AA
2024-07-19
📄
accounts-with-accounts-type-small
accounts · AA
2023-07-26
📄
accounts-with-accounts-type-small
accounts · AA
2023-07-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-30
➖
SIMPSON, Ian Richard resigned
director
2023-05-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-05-19
➕
CROFT, Stacey Ann appointed
director
2022-07-19
📄
accounts-with-accounts-type-small
accounts · AA
2022-01-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-01-21
🔓
Charge satisfied #11
2022-01-21
🔓
Charge satisfied #10
2021-09-01
➖
DOYLE, Michael Brian resigned
director
2021-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-08-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-07-30
🔒
Charge registered #13
Lender: Atom Bank PLC
2021-07-30
🔒
Charge registered #12
Lender: Atom Bank PLC
2021-04-21
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-21
📄
change-person-director-company-with-change-date
officers · CH01
2021-01-29
📄
accounts-with-accounts-type-small
accounts · AA
2020-10-12
📄
accounts-with-accounts-type-small
accounts · AA
2020-06-12
➕
PARKER, Anthony appointed
director
2020-06-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-04-29
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2020-03-05
📄
court-order
miscellaneous · OC
2017-10-06
➕
PARKER, Janice appointed
director
2017-10-06
➕
PARKER, Jonathon appointed
director
2017-05-08
🔓
Charge satisfied #7
2017-04-03
🔒
Charge registered #11
Lender: Barclays Bank PLC
2017-04-03
🔒
Charge registered #10
Lender: Barclays Bank PLC
2017-02-15
🔒
Charge registered #8
Lender: Barclays Bank PLC
2017-02-10
🔒
Charge registered #9
Lender: Barclays Bank PLC
2016-09-09
➕
PARKER, Janice appointed
secretary
2016-09-09
➕
PARKER, Derek appointed
director
2016-09-09
➖
JACKSON, George Wayne resigned
secretary
2016-09-09
➕
DOYLE, Michael Brian appointed
director
2016-09-09
➖
JACKSON, George Wayne resigned
director
2016-09-09
➖
JACKSON, Robert Denver resigned
director
2016-09-09
➕
SIMPSON, Ian Richard appointed
director
2014-02-05
🔓
Charge satisfied #6
2014-02-05
🔓
Charge satisfied #5
2014-02-05
🔓
Charge satisfied #4
2014-02-05
🔓
Charge satisfied #3
2014-01-31
➖
DENT, Christina Heather resigned
secretary
2014-01-31
➕
JACKSON, George Wayne appointed
secretary
2014-01-31
➖
DENT, Christina Heather resigned
director
2014-01-31
➖
DENT, Thomas Hugh resigned
director
2014-01-31
➖
DENT, Thomas Gordon resigned
director
2014-01-31
➕
JACKSON, George Wayne appointed
director

Showing most recent 50 of 71 events

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 65 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Greencroft Milk Supplies Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Greencroft Milk Supplies Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

NORTH LAKES FOODS LIMITED

This company · 04451152

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
Greencroft Milk Supplies Ltd Corporate entity	75–100%	—	75-100% shares	09/09/2016

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

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ON A ROLL SANDWICH COMPANY LIMITED→ 05994921 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
PAUL MORGANS BAKERY LIMITED→ 02466875 · est 1990 · no financials extracted	—	—	—	—	36y	—	—
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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

Incorporated2002-05-30

Jurisdictionengland-wales

Primary SIC10511 — SIC 10511

Registered office

C/O Greencroft Milk Supplies Ltd

Telford Road

Middlesbrough

TS3 8BL

England

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-05-13

Last: 2026-04-29