TGFS (THE GOOD FOOD SHOP) LIMITED
🌳Matureactive
SC252856 · ltd · incorporated 2003-07-16
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 22.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other retail sale of food in specialised stores
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 22.4y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 22.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (76/100)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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 1400 | 1300 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-07-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-12-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-10-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2016-04-21🔓Charge satisfied #1
- 2015-08-20📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-07-30📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-06-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2003-12-01🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2003-07-16🏢Company incorporatedAs TGFS (THE GOOD FOOD SHOP) LIMITED
- 2003-07-16➕RUSSELL, Ronald Burnie appointedsecretary
- 2003-07-16➕RUSSELL, Geraldine appointeddirector
- 2003-07-16➕RUSSELL, Ronald Burnie appointeddirector
- 2003-07-16➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2003-07-16➖WATERLOW SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2003-07-16➕WATERLOW NOMINEES LIMITED appointedcorporate-nominee-director
- 2003-07-16➖WATERLOW NOMINEES LIMITED resignedcorporate-nominee-director
Owner dependency
91/100
Critical — business is the founderThe 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 23 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 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 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ron Russell Individual · Scottish · DOB 06/1955 · age 71 | 25–50% | 50–75% | board controlsig. influence50-75% shares · 50-75% voting · board control · significant influence | 16/07/2016 |
Mrs Geraldine Russell Individual · Scottish · DOB 08/1956 · age 70 | 25–50% | 25–50% | board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence | 16/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Retail · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BROOMHALL LIMITED→ SC183103 · est 1998 | — | — | — | 29 | 28y | 83 | 63y |
| D M (AGRI-SUPPLIES) LTD→ SC253917 · est 2003 | — | — | — | 3 | 22y | 83 | 64y |
| THE CORPORATE CHRISTMAS TREE COMPANY LIMITED→ SC183535 · est 1998 | — | — | — | 15 | 28y | 83 | 58y |
| ABERLOUR FILLING STATION LIMITED→ SC263273 · est 2004 | — | — | — | 0 | 22y | 82 | 58y |
| BELINDA ROBERTSON RETAIL LIMITED→ SC234891 · est 2002 | — | — | £306.2k | — | 23y | 82 | 67y |
| BRAIDPARK LTD.→ SC239372 · est 2002 | — | — | £3.2k | — | 23y | 82 | 75y |
| GLENDOICK GARDENS LIMITED→ SC040028 · est 1964 | — | — | — | 41 | 62y | 82 | 65y |
| L & M KILMINSTER LIMITED→ SC274304 · est 2004 | — | — | £358.5k | — | 21y | 82 | 68y |
| REN ET VOIGT LIMITED→ SC283336 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| THE HORSE SHOP LTD→ SC860586 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THE STRATHEARN GALLERY LIMITED→ SC446644 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| TOUCH OF ASIA LTD→ SC857770 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated2003-07-16
Jurisdictionscotland
Primary SIC47290 — Other retail sale of food in specialised stores
Registered office
56 Woodlands Park
Blairgowrie
Perthshire
PH10 6UW
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13
Officers (3 active · 2 resigned)
RUSSELL, Ronald Burnie→
Activesecretary · appointed 2003-07-16
View their other companies + combined net worth →
RUSSELL, Geraldine→
Activedirector · ~70y · appointed 2003-07-16
View their other companies + combined net worth →
RUSSELL, Ronald Burnie→
Activedirector · ~71y · appointed 2003-07-16
View their other companies + combined net worth →
WATERLOW SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2003-07-16 · resigned 2003-07-16
WATERLOW NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2003-07-16 · resigned 2003-07-16
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 01/12/2003 | 21/04/2016 |
Recent filings (56 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-31
accounts-with-accounts-type-micro-entity
accounts · AA
2019-07-09
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-13