CLASSY SNAX LIMITED
🌳Matureactive
SC272224 · ltd · incorporated 2004-08-20
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 Feb 2025
Net worth
£-87.1k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 10890
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 21.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 21.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declaredNegative net assets
Liabilities exceed assets by £87,086
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£87k
↑ 1.5% YoY
Current Assets
£8k
↑ 57% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £-39.9k | £-25.4k |
| Current assets | £7.6k | £4.9k |
| Net assets | £-87.1k | £-88.4k |
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
2
filings
- • 2 mortgage
Last 180 days
4
filings
- • 3 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-02-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-09🔓Charge satisfied #3
- 2026-02-09🔓Charge satisfied #2
- 2026-01-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-09🔒Charge registered #4Lender: Apollo Business Finance Limited
- 2024-11-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-05🔒Charge registered #3Lender: Lloyds Bank Commercial Finance Limited
- 2023-11-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-11-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-11-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-11-17🔒Charge registered #2Lender: Lloyds Tsb Commercial Finance Limited
- 2005-01-21🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2004-08-20🏢Company incorporatedAs CLASSY SNAX LIMITED
- 2004-08-20➕DEGNAN, Ailsa appointedsecretary
- 2004-08-20➕DEGNAN, Ailsa appointeddirector
- 2004-08-20➕DEGNAN, Andrew James appointeddirector
Owner dependency
84/100
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 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
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.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew James Degnan Individual · British · DOB 05/1963 · age 63 | — | — | sig. influencesignificant influence | 01/06/2016 |
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
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
Incorporated2004-08-20
Jurisdictionscotland
Primary SIC10890 — SIC 10890
Registered office
Unit 25,
42 Dalsetter Avenue
Glasgow
G15 8TE
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-03
Last: 2025-08-20
Officers (3 active · 0 resigned)
Active
DEGNAN, Ailsa→
Activedirector · ~60y · appointed 2004-08-20
View their other companies + combined net worth →
DEGNAN, Andrew James→
Activedirector · ~63y · appointed 2004-08-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Apollo Business Finance Apollo Business Finance Limited | A registered charge | — | 09/12/2025 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 05/07/2024 | 09/02/2026 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Commercial Finance Limited | Bond & floating charge | 1 property | 17/11/2009 | 09/02/2026 | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 21/01/2005 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (54 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-09
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-27
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-28