Back to search

Direct Sourcing Ingredients Limited

08628948

active
Private Limited Company
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

1ST FLOOR, RETFORD, DN22 6DF
Incorporated 29/07/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

10890
Manufacture of other food products
70100
Activities of head offices

Officers

Mr Samuel Spencer Armitage

director · Since 01/08/2015

SALES DIRECTOR

ENGLISH · ENGLAND · Age 39

Also on 1 other board

Mr Matthew James Armitage

director · Since 23/09/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 3 other boards

Persons with Significant Control

Mr Matthew James Armitage

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 46

C/O Direct Sourcing Ingredients Ltd, 1st Floor, Chancery Lane, Retford, DN22 6DF

Notified 24/09/2019

Mr Samuel Spencer Armitage

25–50% shares
25–50% votes
Appoint directors

British · England · Age 39

1st Floor, Chancery Lane, Retford, DN22 6DF

Notified 13/11/2025

Former PSCs

Mr Samuel Spencer Armitage

Ceased 13/11/2025

Charges4 outstanding

Charge
outstanding

FFE SPV LIMITED (CO. NO. 11281716)

Created 31/03/2023Registered 11/04/2023
Charge
outstanding

NPIF YHTV MICROFINANCE LP (LP017888) ACTING THROUGH ITS GENERAL PARTNER BEF-NPIF GP LIMITED (CO

Created 31/03/2023Registered 04/04/2023
Charge
outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 26/01/2023Registered 31/01/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/02/2019Registered 07/02/2019
Charge
satisfied

RBS INVOICE FINANCE LTD

Created 07/11/2018Registered 07/11/2018Satisfied 31/01/2023

CompanyRankvs 267+ SIC 10890 peers
58

Financial strength94th percentile among SIC peers · 24/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.17× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
1Thomas Fawcett & Sons,Limited
90
2British Bakels Limited
90
3Ungerer Limited
90
4Dri-Pak Limited
90
5Lionel Hitchen Limited
90
6What'S Cooking Deeside Uk Ltd
90
7Haywood And Padgett Limited
90
8Tastetech Limited
90
9Natures Aid Ltd
90
10Universal Flexible Packaging Limited
90
267Direct Sourcing Ingredients Limited
78
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 pts

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

Liquidity12/20 pts

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

Longevity13/15 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

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

Key FinancialsYear ending 31/07/2025

Net Worth

£860k

Balance sheet strength

Cash

£251k

Cash in the bank

Profit Before Tax

£70k

Bottom line earnings

Net Current Assets

£1.1M

Working capital

Current Assets

£7.8M

Current Liabilities

£6.7M

Fixed Assets

£820k

Debtors

£5.2M

Cost of Sales

£22.2M

Admin Expenses

£2.0M

Profit After Tax

-£102k

14avg. employees

Tax at Year End

Dividends paid£620k

People Costs

Wages & salaries£550k

Balance Sheet

Bank loans & overdrafts£428k
Assets less current liabilities£2.0M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.17-£706k
20241.42-£299k
20231.41—

Derived from filed accounts. Not audited figures.