REAL GOOD FOOD PLC
- 10890SIC 10890
Opportunity 45/100 (watch), bankability 32/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 23 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.
Refinance opportunity
47 live charges · 23 lenders · oldest 22.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 22.6 years old — likely at or near maturity.
- · 23 lenders named — inter-creditor friction likely.
- · Legal-friction score 65/100 (specialist).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Recent activity
Corporate timeline (167 events)Click to expand
- 2025-10-04⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2025-10-04🏁Company dissolved
- 2025-07-09⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2025-07-04⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2025-07-04⚠️liquidation-in-administration-move-to-dissolutioninsolvency · AM23
- 2025-01-02⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2024-11-09⚠️liquidation-in-administration-extension-of-periodinsolvency · AM19
- 2024-08-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03⚠️liquidation-in-administration-progress-reportinsolvency · AM10
- 2024-02-23⚠️liquidation-in-administration-statement-of-affairs-with-form-attachedinsolvency · AM02
- 2024-01-10⚠️liquidation-administration-notice-deemed-approval-of-proposalsinsolvency · AM06
- 2024-01-08⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2023-12-19⚠️liquidation-in-administration-proposalsinsolvency · AM03
- 2023-12-14📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-09⚠️liquidation-in-administration-appointment-of-administratorinsolvency · AM01
- 2023-12-04➖MACKENZIE, Judith Anne resigneddirector
- 2023-10-20➖LIPTROT, Jack resignedsecretary
- 2023-10-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-10-10📄accounts-with-accounts-type-groupaccounts · AA
- 2023-02-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-01-01➕RICHARDSON, Andrew John appointeddirector
- 2022-12-31➖LUMSDEN, Gail Mentier resigneddirector
- 2022-11-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-11-18🔒Charge registered #48Lender: Huk 122 Limited
- 2022-10-20📄accounts-with-accounts-type-groupaccounts · AA
- 2022-10-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-10-14📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-01➕LIPTROT, Jack appointedsecretary
- 2022-09-30➖KEELING, Maribeth resignedsecretary
- 2022-09-30➖KEELING, Maribeth resigneddirector
- 2022-08-22➖RIDGWELL, Anthony Patrick resigneddirector
- 2020-04-06➖RICHARDSON, Paul Donald resigneddirector
- 2020-01-20🔓Charge satisfied #41
- 2020-01-20🔓Charge satisfied #33
- 2019-10-31➖DAWSON, Steve resigneddirector
- 2019-10-24➕LUMSDEN, Gail Mentier appointeddirector
- 2019-10-15➕RICHARDSON, Paul Donald appointeddirector
- 2019-09-02➖CAWLEY, Hugh Charles Laurence resignedsecretary
- 2019-09-02➕KEELING, Maribeth appointedsecretary
- 2019-09-02➖CAWLEY, Hugh Charles Laurence resigneddirector
- 2019-08-22🔒Charge registered #47Lender: Leumi Abl Limited
- 2019-07-31➖THOMAS, Christopher Owen resigneddirector
- 2019-07-15➕KEELING, Maribeth appointeddirector
- 2019-05-30➕RIDGWELL, Anthony Patrick appointeddirector
- 2019-05-30➖RIDGWELL, Patrick George resigneddirector
- 2019-03-22➕CAWLEY, Hugh Charles Laurence appointedsecretary
- 2019-03-22➖RAI, Harveen resignedsecretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 14 years.
- 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
2 high · 1 med · 1 lowCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-10-04
Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-10-04: gazette-dissolved-liquidation; 2025-07-09: liquidation-in-administration-progress-report
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Nb. Ingredients Limited holds 25-50% — a significant corporate investor but not a controlling parent.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Nb. Ingredients Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 26/06/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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11 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 →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
Registered office
Filing status
Officers (0 active · 30 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Huk 122 Huk 122 Limited | A registered charge | — | 18/11/2022 | — | |
| outstanding | Leumi Abl Leumi Abl Limited | A registered charge | — | 22/08/2019 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 20/09/2018 | — | |
| outstanding | Omnicane Omnicane Limited | A registered charge | 2 properties | 17/05/2018 | — | |
| outstanding | Downing Downing LLP | A registered charge | 2 properties | 17/05/2018 | — | |
| outstanding | Napier Brown Holdings Napier Brown Holdings Limited | A registered charge | 2 properties | 17/05/2018 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 17/05/2018 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 27/03/2018 | 20/01/2020 | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 27/03/2018 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 05/09/2017 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 16/08/2017 | — | |
| outstanding | Downing as Security for the Noteholders Downing LLP as Security for the Noteholders | A registered charge | — | 28/06/2017 | — | |
| outstanding | Napier Brown Holdings Napier Brown Holdings Limited | A registered charge | — | 28/06/2017 | — | |
| outstanding | Omnicane Omnicane Limited | A registered charge | — | 28/06/2017 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 21/10/2016 | — | |
| satisfied | Lloyds Banking Group Lloyds Commercial Finance Limited | A registered charge | — | 23/09/2015 | 20/01/2020 | |
| satisfied | Pnc Business Credit, a Trading Style of Pnc Financial Services UK Pnc Business Credit, a Trading Style of Pnc Financial Services UK LTD | A registered charge | 1 property | 24/05/2013 | 22/09/2015 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 01/05/2013 | — | |
| satisfied | Pnc Business Credit a Trading Style of Pnc Financial Services UK Pnc Business Credit a Trading Style of Pnc Financial Services UK LTD | Charge over plant and machinery | 1 property | 21/12/2012 | 30/09/2015 | |
| outstanding | Lloyds Banking Group Lloyds Tsb Bank PLC | Debenture | 1 property | 31/07/2012 | — | |
| satisfied | Pnc Financial Services UK Pnc Financial Services UK Limited | Charge over plant and machinery | 1 property | 01/11/2011 | 30/09/2015 | |
| satisfied | Pnc Financial Services UK Pnc Financial Services UK Limited | Charge over plant and machinery | 1 property | 28/01/2011 | 30/09/2015 | |
| satisfied | Pnc Financial Services UK Pnc Financial Services UK LTD | Composite guarantee and debenture | 1 property | 22/11/2010 | 22/09/2015 | |
| satisfied | Kbc Business Capital a Division of Kbc Bank Nv | Debenture | 1 property | 16/07/2008 | 22/09/2015 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Fixed and floating charge | 1 property | 28/12/2007 | 13/03/2009 | |
| satisfied | National Westminster Bank (Trading as Rabobank International) London Branch and Anyassignees Thereof) (Security Trustee) National Westminster Bank PLC (Trading as Rabobank International) London Branch and Anyassignees Thereof) (Security Trustee) | Assignment of life policy | 1 property | 17/11/2005 | 13/03/2009 | |
| satisfied | Lloyds Banking Group National Westminster Bank PLC, the Royal Bank of Scotland and Cooperatieve Centrale Raiffeisen-Boerenleenbank B.a London Branch | Debenture | 1 property | 18/10/2005 | 13/03/2009 | |
| satisfied | Lloyds Banking Group National Westminster Bank PLC, the Royal Bank of Scotland and Cooperatieve Centrale Raiffeisen-Boerenleenbank B.a London Branch | Legal charge | 1 property | 18/10/2005 | 13/03/2009 | |
| satisfied | Lloyds Banking Group National Westminster Bank PLC, the Royal Bank of Scotland PLC and Cooperatieve Centraleraiffeisen-Boerenleenbank B.a London Branch | Legal charge | 1 property | 18/10/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustees National Westminster Bank PLC as Security Trustees | Charge of securities | 1 property | 31/08/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 01/08/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Debenture | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Assignment of life policy | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Assignment of life policy | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Assignment of life policy | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Legal charge | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Legal charge | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank as Security Trustee National Westminster Bank PLC as Security Trustee | Legal charge | 1 property | 26/07/2005 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Assignment of life policy | 1 property | 17/08/2004 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Assignment of life policy | 1 property | 17/08/2004 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Assignment of life policy | 1 property | 17/08/2004 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Assignment of life policy | 1 property | 17/08/2004 | 13/03/2009 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Assignment of life policy | 1 property | 17/08/2004 | 13/03/2009 | |
| satisfied | Tower Bridge Piazza Tower Bridge Piazza Limited | Rent deposit deed | 1 property | 29/07/2004 | 12/10/2006 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Debenture | 1 property | 13/05/2004 | 13/03/2009 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 28/08/2003 | 12/10/2006 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Fixed and floating charge | 1 property | 28/08/2003 | 12/10/2006 |