BRAINWORKS (FOOD) LIMITED
🏛️Establishedactive
10340963 · ltd · incorporated 2016-08-22
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 Aug 2025
Net worth
£-638.3k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 10890
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
Data confidence
Overall: medium (75/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
75
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 · FRS 102Negative net assets
Liabilities exceed assets by £638,300
Key financials
1 year extracted from filed iXBRL accountsCash
£1k
Net Worth
-£638k
Current Assets
£1k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 |
|---|---|
| Total assets | £814 |
| Current assets | £1.2k |
| Cash | £1.1k |
| Debtors | £106 |
| Net assets | £-638.3k |
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
0
filings
Last 180 days
3
filings
- • 1 accounts
- • 1 confirmation-statement
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-02-23📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2026-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-10📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-01-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-02-13📄change-person-director-company-with-change-dateofficers · CH01
- 2023-02-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-26📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-10-07📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-12-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-12-01➖MCWATT, Richard Keith resigneddirector
- 2019-05-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-02-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2018-02-06📄change-person-director-company-with-change-dateofficers · CH01
- 2017-08-22➖FIRTH, Michael Roger resigneddirector
- 2016-08-22🏢Company incorporatedAs BRAINWORKS (FOOD) LIMITED
- 2016-08-22➕HUDGELL, Neil Michael appointeddirector
- 2016-08-22➕SPENCE, Paul Antony appointeddirector
- 2016-08-22➕FIRTH, Michael Roger appointeddirector
- 2016-08-22➕MCWATT, Richard Keith appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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 Neil Michael Hudgell Individual · British · DOB 05/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/08/2016 |
Mr Paul Antony Spence Individual · British · DOB 03/1980 · age 46 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/08/2016 |
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
Active · Food & drink · HU postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROCKLESBY LIMITED→ 03333029 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| CHAMBERS & FARGUS LIMITED→ 02352279 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| CHRISSROFOOD LIMITED→ 16313449 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CRANSWICK COUNTRY FOODS PLC→ 01803402 · est 1984 · no financials extracted | — | — | — | — | 42y | — | — |
| CRANSWICK PET PRODUCTS LIMITED→ 00896298 · est 1967 · no financials extracted | — | — | — | — | 59y | — | — |
| CRISP SALES DEVELOPMENT LTD→ 09195366 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| DANJAN VENTURES LTD→ 11482632 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| DEEZ PASTRIES LIMITED→ 16472874 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DONMI CATERING LTD→ 16915140 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DOPE BURGER LIMITED→ 11046366 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| DR LONDON FOODS LTD→ 15590064 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| DRAPERS ENGLAND LIMITED→ 12865070 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2016-08-22
Jurisdictionengland-wales
Primary SIC10890 — SIC 10890
Registered office
19 Albion Street
Hull
HU1 3TG
England
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-02-21
Last: 2026-02-07
Officers (2 active · 2 resigned)
HUDGELL, Neil Michael→
Activedirector · ~60y · appointed 2016-08-22
View their other companies + combined net worth →
SPENCE, Paul Antony→
Activedirector · ~46y · appointed 2016-08-22
View their other companies + combined net worth →
FIRTH, Michael Roger→
Resigneddirector · ~80y · appointed 2016-08-22 · resigned 2017-08-22
MCWATT, Richard Keith→
Resigneddirector · ~51y · appointed 2016-08-22 · resigned 2019-12-01
Click a director name to see their full track record across all companies.
Recent filings (31 total)
change-account-reference-date-company-current-shortened
accounts · AA01
2026-02-23
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-03
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
change-person-director-company-with-change-date
officers · CH01
2023-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-19