FORAGER DRINKS LIMITED

💤Zombieactive
11557683 · ltd · incorporated 2018-09-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-15.1k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 102
Negative net assets
Liabilities exceed assets by £15,060
Cash draining
Cash down 59% YoY
Cash YoY
-59%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£127
↓ 59% YoY
Net Worth
-£15k
↓ 33% YoY
Current Assets
£5k
↓ 33% YoY
Current Liabilities
-£15k-£10k-£6k-£1k£3k£8kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-15.0k£-11.3k
Current assets£5.4k£8.1k
Cash£127£310
Debtors£120
Net assets£-15.1k£-11.3k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-10-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-09-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-07-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-10-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-06-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-03-19
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2018-09-07
    🏢
    Company incorporated
    As FORAGER DRINKS LIMITED
  11. 2018-09-07
    DAVIS, Camilla Louise appointed
    director
  12. 2018-09-07
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Camilla Louise Davis
Individual · British · DOB 05/1968 · age 58
75100%
75–100%75-100% shares · 75-100% voting07/09/2018

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2018-09-07
Jurisdictionengland-wales
Primary SIC11010 — SIC 11010

Registered office

41 Frogmore Road
Market Drayton
TF9 3AU
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-20
Last: 2025-09-06

Officers (1 active · 0 resigned)

DAVIS, Camilla Louise
director · ~58y · appointed 2018-09-07
View their other companies + combined net worth →
Active

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

Recent filings (17 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-10