R & J FOODS LTD

🌳Matureactive
NI035741 · ltd · incorporated 1999-03-03
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
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Leverage-led grower. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 25.2y

45/100
clean up first

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

  • · Oldest live charge is 25.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (73/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
75 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,074,690

Key financials

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

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-31
Profit before tax£1.07M
Average employees114

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

🔒Filing-note intelligence

2 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
2
filings
  • • 1 address
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 address
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-10-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2025-09-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-10-25
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  5. 2024-02-02
    ➕
    HENDERSON, James Alexander appointed
    director
  6. 2024-02-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-11-02
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  8. 2022-10-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2021-06-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2020-07-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2019-10-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2018-10-22
    📄
    accounts-with-accounts-type-audited-abridged
    accounts · AA
  13. 2018-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2017-11-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2016-11-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2016-03-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2010-11-01
    🔒
    Charge registered #6
    Lender: Henderson Wholesale Limited
  18. 2009-01-08
    🔒
    Charge registered #4
    Lender: Northern Bank Limited
  19. 2007-09-20
    🔒
    Charge registered #5
    Lender: Henderson Wholesale Limited
  20. 2007-04-24
    🔒
    Charge registered #3
    Lender: Northern Bank Limited
  21. 2001-04-04
    🔒
    Charge registered #2
    Lender: Northern Bank LTD
  22. 2001-04-04
    🔒
    Charge registered #1
    Lender: Northern Bank LTD
  23. 1999-03-03
    🏢
    Company incorporated
    As R & J FOODS LTD
  24. 1999-03-03
    ➕
    HENDERSON, Richard appointed
    secretary
  25. 1999-03-03
    ➕
    HENDERSON, Jennifer appointed
    director
  26. 1999-03-03
    ➕
    HENDERSON, Richard appointed
    director
  27. 1999-03-03
    ➕
    PALMER, Robert Desmond appointed
    director
  28. 1999-03-03
    ➖
    PALMER, Robert Desmond resigned
    director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

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

SIGNALS
  • primaryFamily succession underway: Not a takeover target — HENDERSON, James Alexander (same surname) appointed 2024-02-02. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Richard Henderson
Individual · British · DOB 10/1962 · age 64
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr Richard Hendersonceased 06/04/2016· 75-100% shares · 75-100% voting · board control

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

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
Incorporated1999-03-03
Jurisdictionnorthern-ireland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

47 Queen Street
Ballymoney
County Antrim
BT53 6JD
Northern Ireland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (4 active · 1 resigned)

HENDERSON, Richard→
secretary · appointed 1999-03-03
View their other companies + combined net worth →
Active
HENDERSON, James Alexander→
director · ~24y · appointed 2024-02-02
View their other companies + combined net worth →
Active
HENDERSON, Jennifer→
director · ~63y · appointed 1999-03-03
View their other companies + combined net worth →
Active
HENDERSON, Richard→
director · ~64y · appointed 1999-03-03
View their other companies + combined net worth →
Active
PALMER, Robert Desmond→
director · ~85y · appointed 1999-03-03 · resigned 1999-03-03
Resigned

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

Mortgages & charges

6
Total charges
6
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Henderson Wholesale
Henderson Wholesale Limited
Mortgage and charge1 property01/11/2010—
outstanding
Northern Bank
Northern Bank Limited
Mortgage or charge2 properties08/01/2009—
outstanding
Henderson Wholesale
Henderson Wholesale Limited
Mortgage2 properties20/09/2007—
outstanding
Northern Bank
Northern Bank Limited
Solicitors letter of undertaking2 properties24/04/2007—
outstanding
Northern Bank
Northern Bank LTD
Mortgage or charge1 property04/04/2001—
outstanding
Northern Bank
Northern Bank LTD
Mortgage or charge1 property04/04/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
accounts-with-accounts-type-full
accounts · AA
2025-10-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
accounts-with-accounts-type-medium
accounts · AA
2024-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
appoint-person-director-company-with-name-date
officers · AP01
2024-02-02
accounts-with-accounts-type-medium
accounts · AA
2023-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-full
accounts · AA
2022-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-08
accounts-with-accounts-type-full
accounts · AA
2021-06-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-03
accounts-with-accounts-type-small
accounts · AA
2020-07-21