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Ideal Foods Limited

04173954

active
Private Limited Company
england wales
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

THE COURTYARD, LISKEARD, PL14 3NL
Incorporated 07/03/2001

Compliance

Last accounts

31/12/2025

group

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 13/03/2026

Due 27/03/2027

On track

Industry

46380
Wholesale of other food, including fish, crustaceans and molluscs

Officers

Mr Michael Mcellone

director · Since 06/03/2024

FINANCE DIRECTOR

IRISH · SCOTLAND · Age 51

Also on 15 other boards

Magnus Egil Strand

director · Since 06/03/2024

COO FOOD

NORWEGIAN · NORWAY · Age 60

Frank Trearty

director · Since 06/03/2024

COMPANY DIRECTOR

IRISH · IRELAND · Age 53

Rolf Kristian Vaage

director · Since 06/03/2024

CSO FOOD/FEED

NORWEGIAN · NORWAY · Age 49

Persons with Significant Control

Pelagia (Uk) Limited

75–100% shares
75–100% votes
Appoint directors

Gilbey Road, Pyewipe, Grimsby, DN31 2SL

Reg: 02746845 · Companies House, England And Wales · Private Limited Company

Notified 06/03/2024

Former PSCs

Mrs Anne Horner

Ceased 06/03/2024

Mr Anthony Horner

Ceased 06/03/2024

Mrs Jeanette Claire Turpin

Ceased 06/03/2024

Charges1 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 24/03/2005Registered 31/03/2005

CompanyRankvs 13+ SIC 46380 peers
70

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 5.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect

Key FinancialsYear ending 31/12/2024

Turnover

£18.2M

Annual revenue

Net Worth

£7.4M

Balance sheet strength

Cash

£1.9M

Cash in the bank

Profit Before Tax

-£59k

Bottom line earnings

Net Current Assets

£7.2M

Working capital

Current Assets

£8.7M

Current Liabilities

£1.5M

Fixed Assets

£177k

Debtors

£2.1M

Cost of Sales

£16.4M

Gross Profit

£1.9M

Admin Expenses

£1.9M

Operating Profit

-£68k

Profit After Tax

-£49k

45avg. employees+21

Tax at Year End

Dividends paid-£638k

People Costs

Wages & salaries£1.6M
NI contributions£125k

Balance Sheet

Assets less current liabilities£7.4M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20245.93+£3.6M
20203.46

Derived from filed accounts. Not audited figures.