T.S. FOODS LIMITED

🌳Matureactive
NI014115 · ltd · incorporated 1980-02-20
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
£9.80M
year to May 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Manufacture of prepared meals and dishes
Sector: Manufacturing
Investor take
Pursue
Conservative operator with a 79-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 35.3y

45/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 35.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (72/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
3 active PSC(s) of 5 total, 5 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
137 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £845,632

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-05-26
Turnover£9.80M
Gross profit£2.32M
Operating profit£773.7k
Profit before tax£845.6k
Average employees11000

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-02-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2026-01-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-02-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2025-01-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-01-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-01-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2024-03-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2023-02-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-05-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2021-05-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2020-03-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2019-02-28
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2018-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-03-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2012-03-23
    🔓
    Charge satisfied #7
  17. 2012-03-23
    🔓
    Charge satisfied #6
  18. 2012-03-23
    🔓
    Charge satisfied #5
  19. 2012-03-23
    🔓
    Charge satisfied #4
  20. 2012-03-23
    🔓
    Charge satisfied #3
  21. 2012-03-23
    🔓
    Charge satisfied #2
  22. 2012-03-23
    🔓
    Charge satisfied #1
  23. 2011-06-28
    🔒
    Charge registered #8
    Lender: Northern Bank Limited
  24. 2008-09-18
    ➕
    MOLLOY, Joanne Mary appointed
    director
  25. 2008-09-18
    ➕
    STEELE, David Anthony appointed
    director
  26. 2007-04-30
    ➖
    STEELE, Brian Patrick resigned
    director
  27. 2005-01-10
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC T/a First Trust Asset Finance
  28. 2004-02-18
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  29. 2002-03-22
    🔒
    Charge registered #5
    Lender: Hsbc Equipment
  30. 2002-03-15
    ➕
    STEELE, Brian Patrick appointed
    director
  31. 1998-07-27
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  32. 1997-06-03
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  33. 1996-05-29
    🔒
    Charge registered #2
    Lender: Aib Group (UK) PLC
  34. 1991-02-04
    🔒
    Charge registered #1
    Lender: Allied Irish Bank
  35. 1980-02-20
    🏢
    Company incorporated
    As T.S. FOODS LIMITED
  36. 1980-02-20
    ➕
    STEELE, Ann appointed
    secretary
  37. 1980-02-20
    ➕
    STEELE, Ann Catherine appointed
    director
  38. 1980-02-20
    ➕
    STEELE, Brian Anthony appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 46 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 46 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Callana Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Callana Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
T.S. FOODS LIMITED
This company · NI014115

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

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Callana Holdings Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting28/10/2024
Mr David Anthony Steele
Individual · Northern Irish · DOB 07/1977 · age 49
——sig. influencesignificant influence06/04/2016
Ms Joanne Mary Molloy
Individual · Northern Irish · DOB 04/1970 · age 56
——sig. influencesignificant influence06/04/2016
2 historic (ceased) PSCs
  • Mr Brian Anthony Steeleceased 28/10/2024· 25-50% shares
  • Mrs Ann Steeleceased 28/10/2024· 25-50% shares

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

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AVONDALE FOODS (CRAIGAVON) LIMITED→
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——57044y8880y
MCKEOWN FINE FOODS LIMITED→
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£14.57M
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£9.22M
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£8.02M
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WILLIAM GRANT AND COMPANY LIMITED,→
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£1.85M
£1.36M–£2.33M
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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
Incorporated1980-02-20
Jurisdictionnorthern-ireland
Primary SIC10850 — Manufacture of prepared meals and dishes

Registered office

40 Mary Street
Castlewellan
Co Down
BT31 9DU

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-25
Confirmation statement
Next due: 2027-02-10
Last: 2026-01-27

Officers (5 active · 1 resigned)

STEELE, Ann→
secretary · appointed 1980-02-20
View their other companies + combined net worth →
Active
MOLLOY, Joanne Mary→
director · ~56y · appointed 2008-09-18
View their other companies + combined net worth →
Active
STEELE, Ann Catherine→
director · ~77y · appointed 1980-02-20
View their other companies + combined net worth →
Active
STEELE, Brian Anthony→
director · ~79y · appointed 1980-02-20
View their other companies + combined net worth →
Active
STEELE, David Anthony→
director · ~49y · appointed 2008-09-18
View their other companies + combined net worth →
Active
STEELE, Brian Patrick→
director · ~54y · appointed 2002-03-15 · resigned 2007-04-30
Resigned

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

Mortgages & charges

8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Northern Bank
Northern Bank Limited
Floating charge1 property28/06/2011—
satisfied
Aib Group (UK) T/a First Trust Asset Finance
Aib Group (UK) PLC T/a First Trust Asset Finance
Mortgage or charge1 property10/01/200523/03/2012
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property18/02/200423/03/2012
satisfied
HSBC
Hsbc Equipment / Hsbc Asset Finance
Mortgage or charge1 property22/03/200223/03/2012
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property27/07/199823/03/2012
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property03/06/199723/03/2012
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Mortgage or charge1 property29/05/199623/03/2012
satisfied
Allied Irish Bank
Mortgage or charge—04/02/199123/03/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (137 total)

accounts-with-accounts-type-full
accounts · AA
2026-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-30
change-person-director-company-with-change-date
officers · CH01
2026-01-30
change-person-director-company-with-change-date
officers · CH01
2026-01-30
accounts-with-accounts-type-full
accounts · AA
2025-02-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-01-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-01-10
accounts-with-accounts-type-full
accounts · AA
2024-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-full
accounts · AA
2023-02-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-01
accounts-with-accounts-type-full
accounts · AA
2022-05-24