AGS FROZEN FOODS LTD
💤Zombieactive
04698119 · ltd · incorporated 2003-03-14
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£138.7k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other food services
Sector: Accommodation & food service
Investor take
PursueAsset-holding vehicle with a 64-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 23.3y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.3 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
65 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 declaredPositive net assets
Net assets £138,705
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£139k
↑ 36% YoY
Current Assets
£89k
↓ 22% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £213.2k | £322.3k |
| Current assets | £88.8k | £114.1k |
| Cash | — | £27.0k |
| Debtors | — | £49.0k |
| Net assets | £138.7k | £101.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (26 events)Click to expand
- 2025-11-02📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-09-01📄resolutionresolution · RESOLUTIONS
- 2020-08-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-08-19📄resolutionresolution · RESOLUTIONS
- 2019-10-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-10-30🔓Charge satisfied #1
- 2019-05-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-02-01➕GILROY-SMITH, Amanda appointedsecretary
- 2013-02-01➖RAWCLIFFE AND CO COMPANY SECRETARIAL SERVICES LIMITED resignedcorporate-secretary
- 2003-04-01🔒Charge registered #1Lender: Hsbc Bank PLC
- 2003-03-15➕GILROY SMITH, Andrew David appointeddirector
- 2003-03-15➕RAWCLIFFE AND CO COMPANY SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2003-03-15➖RAWCLIFFE AND CO. FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 2003-03-15➖RAWCLIFFE AND CO. COMPANY SERVICES LIMITED resignedcorporate-nominee-director
- 2003-03-14🏢Company incorporatedAs AGS FROZEN FOODS LTD
- 2003-03-14➕RAWCLIFFE AND CO. FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 2003-03-14➕RAWCLIFFE AND CO. COMPANY SERVICES LIMITED appointedcorporate-nominee-director
Owner dependency
93/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew David Gilroy-Smith Individual · British · DOB 12/1962 · age 64 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mrs Amanda Gilroy-Smith Individual · British · DOB 09/1976 · age 50 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · PO postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A&K RESTAURANTS LTD→ 10301386 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| A3 MARRAKESH FOOD LTD→ 14888858 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABBEY ASIA LIMITED→ 14983004 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| AGF COTTAGES LTD→ 14010401 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| AIRZONE EVENTS LIMITED→ 03721103 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| AKASHCO RESTAURANT LIMITED→ 15730057 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AL HUSSAIN FOOD LTD→ 16335996 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AL'S BAR LTD→ 13398253 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ALAN J ROSE LIMITED→ 07115022 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ALANNAZ LTD→ 14604424 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ALBERT LOUNGE LIMITED→ 17038534 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ALBERTSPICE LTD→ 16033917 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2003-03-14
Jurisdictionengland-wales
Primary SIC56290 — Other food services
Registered office
Wiltshire Farm Foods
Quarry Lane
Chichester
West Sussex
PO19 8PB
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29
Officers (2 active · 3 resigned)
GILROY-SMITH, Amanda→
Activesecretary · appointed 2013-02-01
View their other companies + combined net worth →
GILROY SMITH, Andrew David→
Activedirector · ~64y · appointed 2003-03-15
View their other companies + combined net worth →
RAWCLIFFE AND CO COMPANY SECRETARIAL SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2003-03-15 · resigned 2013-02-01
RAWCLIFFE AND CO. FORMATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-03-14 · resigned 2003-03-15
RAWCLIFFE AND CO. COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-03-14 · resigned 2003-03-15
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 01/04/2003 | 30/10/2019 |
Recent filings (65 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-07
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-29
resolution
resolution · RESOLUTIONS
2020-09-01