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Direct Sourcing Ingredients Limited

08628948

active
Private Limited Company
Companies House
Health Score
77 / 100

Some Concerns

25/30
Filing
20/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • 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

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SKIPTON BUSINESS FINANCE LIMITED

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

BIBBY FINANCIAL SERVICES LIMITED (AS SECURITY TRUSTEE)

Created 08/07/2016Registered 14/07/2016Satisfied 17/04/2019
Charge
satisfied

CLOSE BROTHERS LIMITED (THE "SECURITY TRUSTEE")

Created 18/03/2016Registered 05/04/2016Satisfied 21/04/2017
Charge
satisfied

HITACHI CAPITAL (UK) PLC

Created 02/10/2015Registered 05/10/2015Satisfied 21/04/2017

CompanyRankvs 311+ SIC 10890 peers
68

Financial strength96th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.42× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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311Direct Sourcing Ingredients Limited
77
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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/07/2024

Net Worth

£1.6M

Balance sheet strength

Cash

£473k

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£6.5M

Current Liabilities

£4.6M

Fixed Assets

£210k

Debtors

£5.7M

14avg. employees-2

Balance Sheet

Assets less current liabilities£2.1M
Signed by Mr Matthew Armitage 28 April 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.42-£299k
20231.41+£56k
20221.94+£295k
20211.80+£367k
20201.79+£483k
20191.31+£299k
20181.45—

Derived from filed accounts. Not audited figures.