MORE SEAFOOD LIMITED
🌳Matureactive
09313563 · ltd · incorporated 2014-11-17
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
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 10200
Sector: Manufacturing
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 70). 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 (65/100).
🏦
Refinance opportunity
4 live charges · 3 lenders · oldest 11.2y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 11.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 5 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
43 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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 20 | 3200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-07-08🔓Charge satisfied #1
- 2019-06-20📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2019-04-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-29🔒Charge registered #4Lender: National Westminster Bank PLC
- 2019-03-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-03-19🔒Charge registered #3Lender: National Westminster Bank PLC
- 2018-11-23📄resolutionresolution · RESOLUTIONS
- 2018-11-22📄capital-name-of-class-of-sharescapital · SH08
- 2018-11-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-11-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-09-20📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2018-06-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-03➕PASSMORE, Cagney appointeddirector
- 2018-05-03➕PASSMORE, Fiona appointeddirector
- 2017-11-23➕WAY, Nathan John appointeddirector
- 2016-02-29🔒Charge registered #2Lender: Rbs Invoice Finance Limited
- 2015-04-30🔒Charge registered #1Lender: Aldermore Bank PLC
- 2014-11-17🏢Company incorporatedAs MORE SEAFOOD LIMITED
- 2014-11-17➕PASSMORE, Alexander Guy appointeddirector
- 2014-11-17➕PASSMORE, Russell Stanley appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 70 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- 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 Alexander Guy Passmore Individual · British · DOB 10/1983 · age 43 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mr Russell Stanley Passmore Individual · British · DOB 02/1960 · age 66 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
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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|---|---|---|---|---|---|---|---|
| BRIXHAM MAID LTD→ 10536903 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| COMPLETELY CURED LTD→ 12140256 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| GRAINOFTRUTHDEVON LTD→ 12116568 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| H. C. DAYMENT & SON SERVICES LIMITED→ 06518413 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| HONEYCACAO LTD→ 11369426 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HYLSTEN BAKERY LTD→ 12591914 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| J & J BREWING COMPANY LIMITED→ 12990698 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| LEGACY CRAFT DISTILLERS LIMITED→ 16156502 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| MONTREAL STYLE BAGELS LTD→ 13867391 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| OAKYARDE DIGITAL LTD→ 12531964 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ORCHARD DRINKS LTD→ 14461339 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PAPILLON DARTMOOR DISTILLERY LIMITED→ 10640261 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
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
Incorporated2014-11-17
Jurisdictionengland-wales
Primary SIC10200 — SIC 10200
Registered office
Unit 3, Moor View Ind Est Kemmings Close
Long Road
Paignton
Devon
TQ4 7TW
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13
Officers (5 active · 0 resigned)
PASSMORE, Alexander Guy→
Activedirector · ~43y · appointed 2014-11-17
View their other companies + combined net worth →
PASSMORE, Cagney→
Activedirector · ~42y · appointed 2018-05-03
View their other companies + combined net worth →
PASSMORE, Fiona→
Activedirector · ~70y · appointed 2018-05-03
View their other companies + combined net worth →
PASSMORE, Russell Stanley→
Activedirector · ~66y · appointed 2014-11-17
View their other companies + combined net worth →
WAY, Nathan John→
Activedirector · ~38y · appointed 2017-11-23
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 2 properties | 29/03/2019 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 19/03/2019 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | — | 29/02/2016 | — | |
| satisfied | Aldermore Aldermore Bank PLC | A registered charge | — | 30/04/2015 | 08/07/2019 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (43 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-26
mortgage-satisfy-charge-full
mortgage · MR04
2019-07-08