FOOD DEVELOPMENT COMPANY LIMITED

🌳Matureactive
07010433 · ltd · incorporated 2009-09-07
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
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Turnover
year to Dec 2024
Net worth
£494.5k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 10320
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10390SIC 10390
  • 11010SIC 11010
  • 70100Activities of head offices
Investor take
Pursue
Asset-holding vehicle with a 85-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 85). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (79/100)

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

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £494,495

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£494k
↑ 15% YoY
Current Assets
£11k
↓ 30% YoY
Current Liabilities
£0£99k£198k£297k£396k£494kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£494.5k£470.1k
Current assets£10.6k£15.1k
Net assets£494.5k£428.3k

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 (19 events)Click to expand
  1. 2025-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-17
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  3. 2024-09-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-09-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-07-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-11-12
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  9. 2021-07-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-11-06
    📄
    capital-allotment-shares
    capital · SH01
  11. 2020-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-01-05
    📄
    capital-allotment-shares
    capital · SH01
  13. 2019-05-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-10-12
    📄
    capital-allotment-shares
    capital · SH01
  16. 2009-09-07
    🏢
    Company incorporated
    As FOOD DEVELOPMENT COMPANY LIMITED
  17. 2009-09-07
    PRINGLE, Norman Murray, Sir appointed
    secretary
  18. 2009-09-07
    PRINGLE, Norman Murray, Sir appointed
    director
  19. 2009-09-07
    TURNBULL, James Wilson appointed
    director

Owner dependency

83/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

89/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 85 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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.)
🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2009-09-07
Jurisdictionengland-wales
Primary SIC10320 — SIC 10320

Registered office

32 Oakley Road
Chinnor
Oxon
OX39 4HB

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-03
Last: 2025-09-19

Officers (3 active · 0 resigned)

PRINGLE, Norman Murray, Sir
secretary · appointed 2009-09-07
View their other companies + combined net worth →
Active
PRINGLE, Norman Murray, Sir
director · ~85y · appointed 2009-09-07
View their other companies + combined net worth →
Active
TURNBULL, James Wilson
director · ~75y · appointed 2009-09-07
View their other companies + combined net worth →
Active

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

Recent filings (56 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-18
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-09-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-03
change-sail-address-company-with-old-address-new-address
address · AD02
2021-11-12
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-19