CHEAP FEEDS LIMITED

🏛️Establishedactive
11371428 · ltd · incorporated 2018-05-18
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 7.9y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Jun 2025
Net worth
£103.4k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 10910
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 7.9y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 7.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £103,398
Net assets shrinking
Down £21,488 YoY
Cash YoY
+240%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£331k
↑ 240% YoY
Net Worth
£103k
↓ 17% YoY
Current Assets
£621k
~ YoY
Current Liabilities
£0£124k£248k£373k£497k£621kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£104.2k£136.6k
Current assets£620.9k£615.6k
Cash£331.3k£97.4k
Debtors£280.8k£496.9k
Net assets£103.4k£124.9k

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
2
filings
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Last 90 days
2
filings
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
3
filings
  • 1 persons-with-significant-control
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-05-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2026-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2023-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-03-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-03-10
    SMITH, Andrew Philip appointed
    director
  11. 2021-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-02-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  13. 2021-02-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-02-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-05-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-07-05
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  18. 2019-04-30
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  19. 2018-07-31
    🔒
    Charge registered #1
    Lender: Pete Norris Limited
  20. 2018-05-18
    🏢
    Company incorporated
    As CHEAP FEEDS LIMITED
  21. 2018-05-18
    NORRIS-SMITH, Christine Marie appointed
    director

Owner dependency

63/100
High — earn-out structure required

Material 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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Midland Feeds Holding Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Midland Feeds Holding Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
CHEAP FEEDS LIMITED
This company · 11371428

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Midland Feeds Holding Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/05/2018

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 →

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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
Incorporated2018-05-18
Jurisdictionengland-wales
Primary SIC10910 — SIC 10910

Registered office

Unit 7 Staunton Industrial
Staunton In The Vale
Newark
Nottinghamshire
NG13 9QB
England

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-31
Last: 2026-05-17

Officers (2 active · 0 resigned)

NORRIS-SMITH, Christine Marie
director · ~44y · appointed 2018-05-18
View their other companies + combined net worth →
Active
SMITH, Andrew Philip
director · ~45y · appointed 2022-03-10
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Pete Norris
Pete Norris Limited
A registered charge12 properties31/07/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-18
appoint-person-director-company-with-name-date
officers · AP01
2022-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-21