CROSSKEYS ASSOCIATES LIMITED
💤Zombieactive
07739829 · ltd · incorporated 2011-08-15
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 Dec 2024
Net worth
£5.7k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 10390
Sector: Manufacturing
ALSO REGISTERED FOR
- 46310Wholesale of fruit and vegetables
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 79/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 6.1y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 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
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 £5,700
Key financials
2 years extracted from filed iXBRL accountsCash
£54k
Net Worth
£6k
Current Assets
£243k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £141.5k | — |
| Current assets | £242.8k | — |
| Cash | £54.2k | — |
| Debtors | £188.6k | — |
| Net assets | £5.7k | — |
| Average employees | — | 0 |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-02-26➖DAVIS, Joanne Lesley resigneddirector
- 2025-02-26➖NUNES, Josias resigneddirector
- 2025-02-26➖WELLS, Richard Damian resigneddirector
- 2025-02-26➖WHITWORTH, Robin resigneddirector
- 2025-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-09-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-08-04📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-08-04📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-16🔒Charge registered #3Lender: Sme Invoice Finance Limited
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-06📄capital-return-purchase-own-sharescapital · SH03
- 2022-02-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-02-03🔒Charge registered #2Lender: Meif Esem Debt LP Acting by Its General Partner Maven Meif (Em) Gp (One) Limited
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-01📄change-person-director-company-with-change-dateofficers · CH01
- 2020-08-25➖BENNETT, Peter resigneddirector
- 2020-05-26🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2018-08-06➕BENNETT, Peter appointeddirector
- 2018-08-06➕NUNES, Josias appointeddirector
- 2018-08-06➕WELLS, Richard Damian appointeddirector
- 2018-08-06➕WHITWORTH, Robin appointeddirector
- 2011-08-15🏢Company incorporatedAs CROSSKEYS ASSOCIATES LIMITED
- 2011-08-15➕DAVIS, Russell Lee appointeddirector
- 2011-08-15➕DAVIS, Joanne Lesley appointeddirector
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 15 years.
- 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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Russell Lee Davis Individual · British · DOB 02/1966 · age 60 | 25–50% | — | 25-50% shares | 11/08/2016 |
3 historic (ceased) PSCs
- Integrity Foods Limitedceased 15/05/2023· 75-100% shares · 75-100% voting · board control
- Mr Russell Lee Davisceased 15/05/2023· 25-50% shares
- Mrs Joanne Lesley Davisceased 04/01/2017· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Food & drink · PE postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ABSNACKS LTD→ 12332466 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ALFRED G PEARCE LIMITED→ 00980985 · est 1970 · no financials extracted | — | — | — | — | 55y | — | — |
| AMK PETERBOROUGH FRUIT SERVICES LTD→ 11724620 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANGELS MEAL LTD→ 10352018 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ANTHRACITE ROSE LIMITED→ 13208686 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AU-YEUNG AND TSANG HOLDING LIMITED→ 16162481 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CAMBRIDGE CONFECTIONERY COMPANY LTD→ 11229780 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| CARNILUXE (RAW) LTD→ 11546434 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CHILLI BROTHERS GOURMET CONDIMENT COMPANY LTD.→ 09579658 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| CLINCH COFFEE LTD→ 16487039 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| COUTURE CAKES LIMITED→ 07092894 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| CROWN PASTRIES LIMITED→ 15030487 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2011-08-15
Jurisdictionengland-wales
Primary SIC10390 — SIC 10390
Registered office
Welland Farm House Surfleet Marsh
Surfleet
Spalding
Lincolnshire
PE11 4DW
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-29
Last: 2026-05-15
Officers (1 active · 5 resigned)
DAVIS, Russell Lee→
Activedirector · ~60y · appointed 2011-08-15
View their other companies + combined net worth →
BENNETT, Peter→
Resigneddirector · ~75y · appointed 2018-08-06 · resigned 2020-08-25
DAVIS, Joanne Lesley→
Resigneddirector · ~60y · appointed 2011-08-15 · resigned 2025-02-26
NUNES, Josias→
Resigneddirector · ~40y · appointed 2018-08-06 · resigned 2025-02-26
WELLS, Richard Damian→
Resigneddirector · ~69y · appointed 2018-08-06 · resigned 2025-02-26
WHITWORTH, Robin→
Resigneddirector · ~68y · appointed 2018-08-06 · resigned 2025-02-26
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Sme Invoice Finance Sme Invoice Finance Limited | A registered charge | 1 property | 16/11/2022 | — | |
| outstanding | Meif Esem Debt LP Acting by Its General Partner Maven Meif (Em) Gp (One) Meif Esem Debt LP Acting by Its General Partner Maven Meif (Em) Gp (One) Limited | A registered charge | — | 03/02/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 26/05/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (55 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-19
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-08-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-04