FAIROAK FOODS LIMITED
Opportunity 47/100 (watch), bankability 42/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Refinance opportunity
3 live charges · 3 lenders · oldest 9.8y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 9.8 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
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 | 2025-03-31 | 2024-03-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 2 insolvency
- • 3 insolvency
- • 1 address
- • 4 insolvency
- • 3 officers
- • 1 address
Corporate timeline (50 events)Click to expand
- 2026-07-07⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · AM02
- 2026-06-20⚠️liquidation-administration-notice-deemed-approval-of-proposalsinsolvency · AM06
- 2026-06-01⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2026-04-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-04-10⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2026-03-20➖CHAN, Cheuk Him resigneddirector
- 2026-03-20➖PRASAD, Arnold resigneddirector
- 2026-03-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-02-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-16➕PRASAD, Arnold appointeddirector
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-15➖WATSON, Mark resigneddirector
- 2025-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-19📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-19🔓Charge satisfied #1
- 2025-08-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-12➕CHAN, Cheuk Him appointeddirector
- 2025-08-12➖CHARALAMBOUS, Christodoulos resigneddirector
- 2025-08-12➖RANCANS, Anthony Robert resigneddirector
- 2025-08-12➕WATSON, Mark appointeddirector
- 2025-08-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-08-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-04📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-12🔒Charge registered #3Lender: Community Enable Funding LTD Crn: 16197578
- 2025-04-24📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-11-10➖WEILD, Steven John resigneddirector
- 2022-11-01➕CHARALAMBOUS, Christodoulos appointeddirector
- 2022-05-05➕RANCANS, Anthony Robert appointeddirector
- 2022-04-11➖ELKINS, Joyce Siok Ching resigneddirector
- 2022-01-17➖LIGHTFOOT, Christopher David, Mr. resigneddirector
- 2022-01-17➕WEILD, Steven John appointeddirector
- 2019-09-13🔒Charge registered #2Lender: Lloyds Bank Commercial Finance LTD
- 2019-02-12➕LIGHTFOOT, Christopher David, Mr. appointeddirector
- 2019-01-17➖LIGHTFOOT, Christopher David resigneddirector
- 2016-10-03🔒Charge registered #1Lender: Lloyds Bank PLC
- 2012-09-15➕LIGHTFOOT, Christopher David appointeddirector
- 2011-12-02➕ELKINS, Stephen Michael appointeddirector
- 2011-12-02➖WICKSTEAD, Amanda Jayne resignedsecretary
- 2011-12-02➕ELKINS, Joyce Siok Ching appointeddirector
- 2011-12-02➖HAYNES, Stuart John resigneddirector
- 2011-12-01🏢Company incorporatedAs FAIROAK FOODS LIMITED
- 2011-12-01➕WICKSTEAD, Amanda Jayne appointedsecretary
- 2011-12-01➕HAYNES, Stuart John appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 61. 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
2 high · 1 med · 1 lowCompany is in a formal insolvency or administration process. Treat accordingly.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-07-07: liquidation-in-administration-statement-of-affairs-with-form-attached; 2026-06-20: liquidation-administration-notice-deemed-approval-of-proposals
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CHAN, Cheuk Him resigned 2026-03-20; CHARALAMBOUS, Christodoulos resigned 2025-08-12; PRASAD, Arnold resigned 2026-03-20
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Michael Elkins Individual · British · DOB 04/1965 · age 61 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 01/07/2016 |
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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10 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 (1 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Community Enable Funding Crn: 16197578 Community Enable Funding LTD Crn: 16197578 | A registered charge | 1 property | 12/05/2025 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance LTD | A registered charge | — | 13/09/2019 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 03/10/2016 | 19/09/2025 |