CORNISH CANNING CO LTD

🚨Distressedactive
14145375 · ltd · incorporated 2022-06-01
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
🔒Estimated value
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Turnover
year to Apr 2024
Net worth
£-2.5k
book net assets
Opportunity
61/100
Worth a look
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10890SIC 10890
  • 56103Take-away food shops and mobile food stands
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 3 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
3 connected companies via shared directors
54
Filing history
8 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £2,468
Net assets shrinking
Down £2,599 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£2k
↓ 1984% YoY
Current Assets
£40k
↑ 30640% YoY
Current Liabilities
-£2k£6k£15k£23k£32k£40kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-302023-04-30
Total assets£75.9k£131
Current assets£40.3k£131
Net assets£-2.5k£131

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 (6 events)Click to expand
  1. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-01-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2022-06-01
    🏢
    Company incorporated
    As CORNISH CANNING CO LTD
  5. 2022-06-01
    RANGER, Christopher John appointed
    director
  6. 2022-06-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-04-30

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Christopher John Ranger
Individual · British · DOB 05/1975 · age 51
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/06/2022

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

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 →
🔒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.

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Company details

Statusactive
Typeltd
Incorporated2022-06-01
Jurisdictionengland-wales
Primary SIC10200 — SIC 10200

Registered office

Mylor Yacht Harbour
Mylor Churchtown
Falmouth
TR11 5UF
England

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-08-19
Last: 2025-08-05

Officers (1 active · 0 resigned)

RANGER, Christopher John
director · ~51y · appointed 2022-06-01
View their other companies + combined net worth →
Active

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

Recent filings (8 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-09
incorporation-company
incorporation · NEWINC
2022-06-01