HELLENIC FOOD DISTRIBUTION UK LTD
Opportunity 46/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 |
|---|---|---|
| Total assets | — | £340.6k |
| Current assets | — | £490.2k |
| Cash | — | £26.7k |
| Debtors | — | £253.0k |
| Net assets | — | £672 |
| Average employees | 12 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 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
- • 2 insolvency
- • 1 resolution
- • 1 address
- • 2 insolvency
- • 1 resolution
- • 1 address
Corporate timeline (19 events)Click to expand
- 2026-05-29⚠️liquidation-voluntary-appointment-of-liquidatorinsolvency · 600
- 2026-05-29📄resolutionresolution · RESOLUTIONS
- 2026-05-29⚠️liquidation-voluntary-statement-of-affairsinsolvency · LIQ02
- 2026-05-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-12-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-08-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-11-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-10-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-10➖CHRISTODOULOU, Lazarus resigneddirector
- 2021-03-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2017-02-15🏢Company incorporatedAs HELLENIC FOOD DISTRIBUTION UK LTD
- 2017-02-15➕IOSIFIDIS, Iordanis appointeddirector
- 2017-02-15➕CHRISTODOULOU, Lazarus 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.
Red flags
2 high · 1 lowCompany is actively being wound up. Not a going concern.
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2026-05-29: liquidation-voluntary-appointment-of-liquidator; 2026-05-29: liquidation-voluntary-statement-of-affairs
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Prothromos Iossifidis Individual · British · DOB 07/1993 · age 33 | 25–50% | — | 25-50% shares | 01/10/2021 |
Mr Iordanis Iosifidis Individual · Greek · DOB 02/1965 · age 61 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 15/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 · 1 resigned)
Click a director name to see their full track record across all companies.