FORM NUTRITION LIMITED
- 10910SIC 10910
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 72). 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
8 live charges · 8 lenders · oldest 21.6y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 21.6 years old — likely at or near maturity.
- · 8 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key 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 | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 1600 | 1600 |
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 mortgage
- • 2 mortgage
- • 1 confirmation-statement
Corporate timeline (48 events)Click to expand
- 2026-03-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-27🔒Charge registered #8Lender: Time Invoice Finance Limited
- 2026-03-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-20🔓Charge satisfied #7
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-04-01📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-11-01🔓Charge satisfied #3
- 2024-03-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-01-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-07-28📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-28📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-07-30🔒Charge registered #7Lender: Santander UK PLC as Security Trustee
- 2019-07-30🔓Charge satisfied #5
- 2017-08-15🔒Charge registered #6Lender: Close Brothers Limited (The “Security Trustee”)
- 2016-10-13🔓Charge satisfied #4
- 2015-02-06🔒Charge registered #5Lender: Bibby Financial Services LTD (As Security Trustee)
- 2014-02-20➕PRICE, Anna appointedsecretary
- 2014-02-20➖NICHOLLS, John resignedsecretary
- 2014-02-20➖THOMPSON, Jeffrey Hugh resigneddirector
- 2013-12-19🔒Charge registered #4Lender: Rbs Invoice Finance Limited
- 2010-02-23🔓Charge satisfied #2
- 2009-09-29🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2008-07-01➕PRICE, Anna appointeddirector
- 2008-07-01➖BLAKE, Elisabeth Alexandra resignedsecretary
- 2008-07-01➕NICHOLLS, John appointedsecretary
- 2008-01-18🔓Charge satisfied #1
- 2005-05-20🔒Charge registered #2Lender: Hsbc Bank PLC
- 2004-11-30🔒Charge registered #1Lender: Lloyds Tsb Bank PLC
- 2003-08-29➕BLAKE, Elisabeth Alexandra appointeddirector
- 2003-08-29➕BLAKE, Elisabeth Alexandra appointedsecretary
- 2003-08-29➖THORPE, Jill resignedsecretary
- 2003-08-29➖THORPE, Jill resigneddirector
- 2002-11-06🏢Company incorporatedAs FORM NUTRITION LIMITED
- 2002-11-06➕THORPE, Jill appointedsecretary
- 2002-11-06➕CHETTLEBURGHS SECRETARIAL LTD appointedcorporate-nominee-secretary
- 2002-11-06➖CHETTLEBURGHS SECRETARIAL LTD resignedcorporate-nominee-secretary
- 2002-11-06➕THOMPSON, Jeffrey Hugh appointeddirector
- 2002-11-06➕THORPE, Jill appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Equiform Nutrition 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 |
|---|---|---|---|---|
Equiform Nutrition Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
2 historic (ceased) PSCs
- Mrs Elisabeth Alexandra Blakeceased 07/11/2016· 75-100% shares
- Labtec International Ltdceased 06/11/2016· 50-75% 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 (3 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Time Invoice Finance Time Invoice Finance Limited | A registered charge | 2 properties | 27/03/2026 | — | |
| satisfied | Santander Santander UK PLC as Security Trustee | A registered charge | 1 property | 30/07/2019 | 20/03/2026 | |
| outstanding | Close Brothers Close Brothers Limited (The “Security Trustee”) | A registered charge | — | 15/08/2017 | — | |
| satisfied | Bibby Financial Services Bibby Financial Services LTD (As Security Trustee) | A registered charge | — | 06/02/2015 | 30/07/2019 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | A registered charge | 1 property | 19/12/2013 | 13/10/2016 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 29/09/2009 | 01/11/2024 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 20/05/2005 | 23/02/2010 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 30/11/2004 | 18/01/2008 |