LICKGELATO LTD

🌳Matureactive
NI630633 · ltd · incorporated 2015-04-13
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 Sept 2024
Net worth
£-93.8k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 10520
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (70/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 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
25 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
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £93,812

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£94k
Current Assets
£62k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-30
Total assets£125.0k
Current assets£62.5k
Net assets£-93.8k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-06-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-06-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-10-23
    ➖
    WELBY, Kenneth William resigned
    director
  5. 2023-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-08-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  7. 2022-05-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-01-18
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  9. 2021-10-19
    ➕
    WELBY, Jo-Ann appointed
    director
  10. 2021-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2021-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-01-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-04-13
    🏢
    Company incorporated
    As LICKGELATO LTD
  18. 2015-04-13
    ➕
    WELBY, Simon appointed
    director
  19. 2015-04-13
    ➕
    WELBY, Kenneth William appointed
    director
  20. 2015-04-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

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

🏛️
Novation Catering Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
LICKGELATO LTD
This company · NI630633

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
Novation Catering Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control10/03/2017

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

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
Incorporated2015-04-13
Jurisdictionnorthern-ireland
Primary SIC10520 — SIC 10520

Registered office

12 Causeway Rd
Newcastle
Down
BT33 0DL
Northern Ireland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30

Officers (2 active · 1 resigned)

WELBY, Jo-Ann→
director · ~49y · appointed 2021-10-19
View their other companies + combined net worth →
Active
WELBY, Simon→
director · ~52y · appointed 2015-04-13
View their other companies + combined net worth →
Active
WELBY, Kenneth William→
director · ~75y · appointed 2015-04-13 · resigned 2023-10-23
Resigned

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

Recent filings (25 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-04
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-30
termination-director-company-with-name-termination-date
officers · TM01
2023-11-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-10
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-22
change-account-reference-date-company-previous-extended
accounts · AA01
2022-01-18
appoint-person-director-company-with-name-date
officers · AP01
2021-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-16