INNOVATE FOODS LIMITED
📈Growthactive
SC116286 · ltd · incorporated 1989-02-16
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
£26.99M
year to Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 10390
Sector: Manufacturing
ALSO REGISTERED FOR
- 10850Manufacture of prepared meals and dishes
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 36.0y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 36.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
15 officers (6 active, 15 linked, 13 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
166 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
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 102Profitable
Profit before tax £914,183
Turnover YoY
+11%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £26.99M | £24.32M |
| Gross profit | £4.03M | £2.97M |
| Operating profit | £913.2k | £693.2k |
| Profit before tax | £914.2k | £680.5k |
| Average employees | 10900 | 9500 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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
1
filing
- • 1 mortgage
Last 180 days
6
filings
- • 4 mortgage
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (58 events)Click to expand
- 2026-04-01📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-03-19🔒Charge registered #9Lender: Global Loan Agency Services Gmbh
- 2026-02-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-04🔓Charge satisfied #8
- 2026-02-04🔓Charge satisfied #7
- 2026-02-04🔓Charge satisfied #6
- 2025-10-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-03➖SKELDING, Philip John resigneddirector
- 2025-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2025-06-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-26📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-06-02➕WEDEL, Roman appointedsecretary
- 2025-06-02➖LOMPE, Holger resigneddirector
- 2025-06-01➕WEDEL, Roman appointeddirector
- 2025-04-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-11🔒Charge registered #8Lender: Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent)
- 2024-12-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-15➖THOMAS, Marc David resigneddirector
- 2024-09-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-07-11📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-07-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-11📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-01➕JUHNKE, Andreas appointeddirector
- 2024-07-01➕LOMPE, Holger appointeddirector
- 2024-07-01➕THOMAS, Marc David appointeddirector
- 2024-06-30➖BACH, Markus Andreas resigneddirector
- 2024-06-30➖BROSS, Matthias Arthur resigneddirector
- 2023-09-19📄accounts-with-accounts-type-fullaccounts · AA
- 2023-05-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-08➕BACH, Markus Andreas appointeddirector
- 2023-05-08➕SKELDING, Philip John appointeddirector
- 2022-11-29🔒Charge registered #7Lender: Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent)
- 2020-08-17🔒Charge registered #6Lender: Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent)
- 2020-08-12🔓Charge satisfied #2
- 2020-08-03🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2020-07-13➕BROSS, Matthias Arthur appointeddirector
- 2020-07-13➖WEDEL, Roman resigneddirector
- 2020-02-07➕DERVIEUX, Frederic appointeddirector
- 2020-02-07➖DUMBRECK, Siobhan Grainne resigneddirector
- 2020-02-07➕WEDEL, Roman appointeddirector
- 2020-01-24🔓Charge satisfied #4
- 2019-01-31➖DUMBRECK, James Grant resigneddirector
Showing most recent 50 of 58 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Frostkrone Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Frostkrone Uk Limited
Corporate parent · holds 75-100% shares · board control
⬇
INNOVATE FOODS LIMITED
This company · SC116286
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Frostkrone Uk Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 07/02/2020 |
1 historic (ceased) PSC
- Mr Anthony Miles Dumbreckceased 07/02/2020· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
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|---|---|---|---|---|---|---|---|
| R.T. STUART LIMITED→ SC021805 · est 1941 | £5.39M £3.97M–£6.81M | — | — | 16100 | 84y | 84 | 76y |
| KETTLE PRODUCE LIMITED→ SC097725 · est 1986 | £4.91M £3.62M–£6.20M | — | — | 98700 | 40y | 83 | 65y |
| ALLSON SPARKLE LIMITED→ SC089716 · est 1984 | £4.75M £3.50M–£6.00M | £14.81M | — | 5600 | 41y | 85 | 60y |
| BELLA & DUKE LIMITED→ SC547789 · est 2016 | £447.4k £329.6k–£565.1k | — | — | 134 | 9y | 80 | 67y |
| WILLIAM STEPHEN (BAKERS) LIMITED→ SC032964 · est 1958 · no financials extracted | — | — | — | — | 68y | 83 | 63y |
| SE WATSON CONSULTING LIMITED→ SC301608 · est 2006 | — | — | — | 200 | 20y | 80 | 59y |
| W.F. IRVINE & COMPANY LIMITED→ SC035480 · est 1960 | — | — | £150.1k | — | 65y | 80 | 74y |
| R.T. STUART BAKERS LIMITED→ SC568235 · est 2017 | — | — | — | 600 | 9y | 79 | 76y |
| ST ANDREWS BREWING COMPANY HOLDINGS LIMITED→ SC506928 · est 2015 | — | — | — | — | 11y | 79 | 80y |
| THE DISTILLERS' ART LIMITED→ SC632756 · est 2019 | — | — | — | 100 | 6y | 79 | 72y |
| THE LINDORES DISTILLING CO. LTD→ SC442379 · est 2013 | — | — | — | 46 | 13y | 79 | 63y |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1989-02-16
Jurisdictionscotland
Primary SIC10390 — SIC 10390
Registered office
Barncraig Boreland Road
Dysart
Kirkcaldy
Fife
KY1 2YG
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15
Officers (6 active · 9 resigned)
Active
Active
DERVIEUX, Frederic→
Activedirector · ~62y · appointed 2020-02-07
View their other companies + combined net worth →
Active
JUHNKE, Andreas→
Activedirector · ~60y · appointed 2024-07-01
View their other companies + combined net worth →
WEDEL, Roman→
Activedirector · ~45y · appointed 2025-06-01
View their other companies + combined net worth →
BACH, Markus Andreas→
Resigneddirector · ~57y · appointed 2023-05-08 · resigned 2024-06-30
BROSS, Matthias Arthur→
Resigneddirector · ~55y · appointed 2020-07-13 · resigned 2024-06-30
DUMBRECK, James Grant→
Resigneddirector · ~90y · resigned 2019-01-31
DUMBRECK, Siobhan Grainne→
Resigneddirector · ~57y · appointed 2016-02-29 · resigned 2020-02-07
FOX, Joyce Eleanor→
Resigneddirector · ~58y · appointed 2006-10-30 · resigned 2010-07-26
LOMPE, Holger→
Resigneddirector · ~64y · appointed 2024-07-01 · resigned 2025-06-02
SKELDING, Philip John→
Resigneddirector · ~52y · appointed 2023-05-08 · resigned 2025-10-03
THOMAS, Marc David→
Resigneddirector · ~52y · appointed 2024-07-01 · resigned 2024-11-15
WEDEL, Roman→
Resigneddirector · ~45y · appointed 2020-02-07 · resigned 2020-07-13
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
2
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Global Loan Agency Services Gmbh | A registered charge | — | 19/03/2026 | — | |
| satisfied | Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent) | A registered charge | — | 11/04/2025 | 04/02/2026 | |
| satisfied | Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent) | A registered charge | — | 29/11/2022 | 04/02/2026 | |
| satisfied | Wilmington Trust Sp Services (Frankfurt) Gmbh (as Security Agent) | A registered charge | — | 17/08/2020 | 04/02/2026 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 03/08/2020 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/06/1999 | 24/01/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 12/03/1999 | 12/08/2020 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 29/06/1990 | 26/03/1992 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (166 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-24
appoint-person-director-company-with-name-date
officers · AP01
2026-02-23
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-04
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-04
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-04
termination-director-company-with-name-termination-date
officers · TM01
2025-10-20
accounts-with-accounts-type-full
accounts · AA
2025-09-30
termination-director-company-with-name-termination-date
officers · TM01
2025-06-26
appoint-person-secretary-company-with-name-date
officers · AP03
2025-06-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-16
termination-director-company-with-name-termination-date
officers · TM01
2024-12-10
accounts-with-accounts-type-full
accounts · AA
2024-09-23
change-person-secretary-company-with-change-date
officers · CH03
2024-07-11