FIT FOODS LIMITED

🌳Matureactive

SC166473 · ltd · incorporated 1996-06-24

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other retail sale in non-specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (77/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

7 officers (3 active, 7 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

83 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-08-31	2023-08-31

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-11-12
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-05-11
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-05-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-06-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-04-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-05-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-07-07
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-26
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-06-01
➕
WILL, Hunter Alexander Bonnar appointed
secretary
2009-07-03
➖
PETERKINS, SOLICITORS resigned
corporate-nominee-secretary
2003-02-20
➖
RAE, Neil Douglas resigned
director
1996-10-09
➕
MASSON, Stephen appointed
director
1996-10-09
➕
WILL, Hunter Alexander Bonnar appointed
director
1996-10-09
➖
HUNTER, Neil Cameron resigned
nominee-director
1996-10-09
➕
RAE, Neil Douglas appointed
director
1996-10-09
➖
RENNIE, Thomas George resigned
nominee-director
1996-06-24
🏢
Company incorporated
As FIT FOODS LIMITED
1996-06-24
➕
PETERKINS, SOLICITORS appointed
corporate-nominee-secretary
1996-06-24
➕
HUNTER, Neil Cameron appointed
nominee-director
1996-06-24
➕
RENNIE, Thomas George appointed
nominee-director

Owner dependency

83/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

96/100

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 82 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Hunter Alexander Bonnar Will Individual · British · DOB 12/1944 · age 82	25–50%	—	25-50% shares	07/07/2016

1 historic (ceased) PSC

Mr Stephen Massonceased 11/11/2025· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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BRODIE COUNTRYFARE LIMITED→ SC146184 · est 1993	£909.2k £681.9k–£1.14M	—	—	121	32y	85	78y
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GRAMPIAN POWERCLEAN EQUIPMENT LTD.→ SC240849 · est 2002	—	—	£30.5k	—	23y	83	82y
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SOUND TECHNOLOGY AUDIO-VISUAL LIMITED→ SC258755 · est 2003	—	—	—	300	22y	83	79y
THE MAINS OF DRUM GARDEN CENTRE LIMITED→ SC311898 · est 2006	—	—	£465.3k	—	19y	83	71y
THE SANDWICH LARDER LIMITED→ SC327302 · est 2007	—	—	—	37	18y	83	62y
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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.

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Company details

Statusactive

Typeltd

Incorporated1996-06-24

Jurisdictionscotland

Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

132 South Anderson Drive

Aberdeen

Aberdeenshire

AB10 7PU

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-07-25

Last: 2025-07-11

Officers (3 active · 4 resigned)

WILL, Hunter Alexander Bonnar→

secretary · appointed 2010-06-01

View their other companies + combined net worth →

Active

MASSON, Stephen→

director · ~67y · appointed 1996-10-09

View their other companies + combined net worth →

Active

WILL, Hunter Alexander Bonnar→

director · ~82y · appointed 1996-10-09

View their other companies + combined net worth →

Active

PETERKINS, SOLICITORS→

corporate-nominee-secretary · appointed 1996-06-24 · resigned 2009-07-03

Resigned

HUNTER, Neil Cameron→

nominee-director · ~69y · appointed 1996-06-24 · resigned 1996-10-09

Resigned

RAE, Neil Douglas→

director · ~66y · appointed 1996-10-09 · resigned 2003-02-20

Resigned

RENNIE, Thomas George→

nominee-director · ~79y · appointed 1996-06-24 · resigned 1996-10-09

Resigned

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