KARRO FOOD LIMITED
🌳Matureactive
SC220000 · ltd · incorporated 2001-06-08
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
—
not disclosed
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Processing and preserving of meat
Sector: Manufacturing
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 68/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 17 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
34 live charges · 17 lenders · oldest 24.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 24.5 years old — likely at or near maturity.
- · 17 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
34 charges (34/34 with lender, 34/34 with type)
90
Directors & officers
32 officers (3 active, 32 linked, 27 with DOB)
87
Ownership & PSC
2 active PSC(s) of 7 total, 7 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
252 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 2 accounts
- • 2 other
Counts from Companies House filing history.
Corporate timeline (143 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-12-18📄legacyaccounts · PARENT_ACC
- 2025-12-18📄legacyother · AGREEMENT2
- 2025-12-18📄legacyother · GUARANTEE2
- 2025-10-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-20🔒Charge registered #34Lender: Hsbc Invoice Finance (UK) Limited
- 2025-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-09🔒Charge registered #33Lender: Cooperatieve Rabobank U.A., Canada Branch, Carrying on Business as Rabobank Canada as Security Agent and Trustee for the Beneficiaries.
- 2025-01-08📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-07🔒Charge registered #32Lender: Cooperatieve Rabobank U.A., Canada Branch, Carrying on Business as Rabobank Canada (As Security Agent for the Beneficiaries)
- 2023-12-22📄change-person-director-company-with-change-dateofficers · CH01
- 2023-12-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-18➕AMIRAHMADI, Afshin appointeddirector
- 2023-12-18➕HO, Simon Kin-Man appointeddirector
- 2023-12-18➖RUTHERFORD, Andrew John Harding resigneddirector
- 2023-11-29📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-09-28🔒Charge registered #31Lender: Rbs Invoice Finance Limited (As Security Trustee)
- 2022-07-18➖ELLIS, Stephen Paul resigneddirector
- 2022-07-18➖SMITH, Simon John resigneddirector
- 2022-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-27📄second-filing-notification-of-a-person-with-significant-controlpersons-with-significant-control · RP04PSC01
- 2022-06-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-24➕RUTHERFORD, Andrew John Harding appointeddirector
- 2022-03-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-31📄accounts-with-accounts-type-fullaccounts · AA
- 2021-11-12🔒Charge registered #30Lender: Rbs Invoice Finance Limited ( as Security Trustee)
- 2021-11-03➖CARR, Seamus resigneddirector
- 2021-10-22➖KESTEMONT, Michael Kamiel Jan Alfons resigneddirector
- 2021-10-22➖WALKER, Diane Susan resigneddirector
- 2021-10-15🔒Charge registered #29Lender: Rabobank Canada (As Security Agent)
- 2021-10-15🔒Charge registered #28Lender: Rabobank Canada (In Its Capacity as Security Agent for the Beneficiaries)
- 2021-10-12➕ELLIS, Stephen Paul appointeddirector
- 2021-10-12➕SMITH, Simon John appointeddirector
- 2021-05-04🔓Charge satisfied #27
- 2019-10-24🔒Charge registered #27Lender: Lucid Trustee Services Limited (As Security Agent)
- 2019-09-27🔒Charge registered #26Lender: Rbs Invoice Finance Limited as Security Agent
- 2019-07-12🔓Charge satisfied #25
- 2019-07-12🔓Charge satisfied #24
- 2019-07-12🔓Charge satisfied #23
- 2017-07-27🔒Charge registered #25Lender: Lloyds Bank PLC as Security Agent
- 2017-07-27🔒Charge registered #24Lender: Lloyds Bank PLC as Security Agent
- 2017-07-27🔒Charge registered #23Lender: Lloyds Bank PLC as Security Agent
- 2017-05-04🔓Charge satisfied #22
- 2017-05-04🔓Charge satisfied #20
Showing most recent 50 of 143 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Karro Food Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️
Karro Food Group Limited
Corporate parent · board control
⬇
KARRO FOOD LIMITED
This company · SC220000
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Karro Food Group Limited Corporate entity | — | 75–100% | board control75-100% voting · board control | 19/10/2021 |
Mehrdad Michael Latifi Individual · Canadian · DOB 10/1962 · age 64 | — | — | sig. influencesignificant influence | 30/04/2021 |
5 historic (ceased) PSCs
- Karro Food Group Limitedceased 15/10/2021· 75-100% voting · board control
- Lloyds Bank Plc (As Security Agent)ceased 01/07/2019· 75-100% shares
- Endless Iii General Partner Llpceased 08/06/2017· 25-50% voting
- Endless Llpceased 08/06/2017· 75-100% shares · 75-100% voting · board control
- Karro Food Group Limitedceased 08/06/2017· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Food & drink · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EAST COAST VINERS GRAIN (DRUMLITHIE) LIMITED→ SC465482 · est 2013 | £10.04M £7.40M–£12.68M | £55.24M | — | 6600 | 12y | 95 | 79y |
| ROEHILL SPRINGS DISTILLERY LTD→ SC666772 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SCOTBAKE LIMITED→ SC078071 · est 1982 · no financials extracted | — | — | — | — | 44y | — | — |
| SLAINS CASTLE SPIRIT COMPANY LTD→ SC605501 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| SOM MOTOR COMPANY LTD→ SC680980 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SPEYSIDE ENTERPRISES LIMITED→ SC177138 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| SPRINKLE & BLOSSOM LTD→ SC855315 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| STILL SHINING LTD→ SC539653 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| STRATHCLYDE NUTRITION LTD.→ SC198829 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| SWYD SUPPLEMENTS LTD→ SC746464 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| THE HAME BAKERY LTD.→ SC243669 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| THE HIGHLANDERS BAKEHOUSE LTD→ SC800950 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2001-06-08
Jurisdictionscotland
Primary SIC10110 — Processing and preserving of meat
Registered office
13 Queens Road
Aberdeen
AB15 4YL
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-29
Confirmation statement
Next due: 2026-06-22
Last: 2025-06-08
Officers (3 active · 29 resigned)
PINSENT MASONS SECRETARIAL LIMITED→
Activecorporate-secretary · appointed 2013-01-08
View their other companies + combined net worth →
AMIRAHMADI, Afshin→
Activedirector · ~57y · appointed 2023-12-18
View their other companies + combined net worth →
HO, Simon Kin-Man→
Activedirector · ~49y · appointed 2023-12-18
View their other companies + combined net worth →
IAIN SMITH & COMPANY→
Resignedcorporate-nominee-secretary · appointed 2001-06-08 · resigned 2007-05-18
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-secretary · appointed 2007-05-18 · resigned 2008-08-11
MAWLAW SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2008-08-11 · resigned 2010-10-29
TMF CORPORATE ADMINISTRATION SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2010-10-29 · resigned 2013-01-08
CARR, Seamus→
Resigneddirector · ~66y · appointed 2012-07-12 · resigned 2021-11-03
CHRISTIAANSE, Anthony Martin→
Resigneddirector · ~64y · appointed 2008-08-11 · resigned 2012-02-01
DE KLEIN, Wilhelmus→
Resigneddirector · ~48y · appointed 2013-07-04 · resigned 2017-05-02
DUNCAN, Alfred John→
Resigneddirector · ~84y · appointed 2001-08-27 · resigned 2008-08-11
ELLIS, Stephen Paul→
Resigneddirector · ~55y · appointed 2021-10-12 · resigned 2022-07-18
FRANCIS, Stephen Ronald William→
Resigneddirector · ~65y · appointed 2009-03-05 · resigned 2012-03-16
HOPLEY, Philip Thomas→
Resigneddirector · ~76y · appointed 2001-10-19 · resigned 2006-12-22
HUGHES, Ian→
Resigneddirector · ~56y · appointed 2013-07-04 · resigned 2014-10-27
IMRAY, Iain Murray→
Resigneddirector · ~69y · appointed 2001-08-27 · resigned 2008-08-11
KESTEMONT, Michael Kamiel Jan Alfons→
Resigneddirector · ~48y · appointed 2013-01-08 · resigned 2021-10-22
KUSTERS, Maarten→
Resigneddirector · ~63y · appointed 2012-03-01 · resigned 2013-01-08
LAMMERS, Antonius Matheus Maria→
Resigneddirector · ~78y · appointed 2009-01-01 · resigned 2010-01-01
MACKIE, Grant Stephen→
Resigneddirector · ~59y · appointed 2001-09-27 · resigned 2005-08-09
Click a director name to see their full track record across all companies.
Mortgages & charges
34
Total charges
8
Outstanding
6
Active lenders
Status:Lender:34 of 34 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Invoice Finance (UK) Limited | A registered charge | — | 20/10/2025 | — | |
| outstanding | Cooperatieve Rabobank U.A., Canada Branch, Carrying on Business as Rabobank Canada as Security Agent and Trustee for the Beneficiaries. | A registered charge | 2 properties | 09/05/2025 | — | |
| outstanding | Cooperatieve Rabobank U.A., Canada Branch, Carrying on Business as Rabobank Canada (As Security Agent for the Beneficiaries) | A registered charge | 2 properties | 07/10/2024 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited (As Security Trustee) | A registered charge | — | 28/09/2022 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited ( as Security Trustee) | A registered charge | — | 12/11/2021 | — | |
| outstanding | Rabobank Canada (As Security Agent) | A registered charge | — | 15/10/2021 | — | |
| outstanding | Rabobank Canada (In Its Capacity as Security Agent for the Beneficiaries) | A registered charge | 1 property | 15/10/2021 | — | |
| satisfied | Lucid Trustee Services (As Security Agent) Lucid Trustee Services Limited (As Security Agent) | A registered charge | 1 property | 24/10/2019 | 04/05/2021 | |
| outstanding | NatWest Group Rbs Invoice Finance Limited as Security Agent | A registered charge | — | 27/09/2019 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC as Security Agent | A registered charge | 1 property | 27/07/2017 | 12/07/2019 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC as Security Agent | A registered charge | 1 property | 27/07/2017 | 12/07/2019 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC as Security Agent | A registered charge | 2 properties | 27/07/2017 | 12/07/2019 | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 1 property | 06/08/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank (As Security Trustee) Ge Capital Bank Limited (As Security Trustee) | A registered charge | 1 property | 22/05/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank (As Security Trustee) Ge Capital Bank Limited (As Security Trustee) | A registered charge | 1 property | 22/05/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank (As Security Trustee) Ge Capital Bank Limited (As Security Trustee) | A registered charge | 1 property | 22/05/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank (As Security Trustee) Ge Capital Bank Limited (As Security Trustee) | A registered charge | 1 property | 22/05/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank as Trustee for the Secured Parties (The "Security Agent") Ge Capital Bank Limited as Trustee for the Secured Parties (The "Security Agent") | A registered charge | 4 properties | 18/05/2015 | 04/05/2017 | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 1 property | 18/05/2015 | 04/05/2017 | |
| satisfied | Endless Endless LLP | A registered charge | 3 properties | 08/10/2014 | 04/05/2017 | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 5 properties | 15/07/2013 | 15/03/2017 | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 4 properties | 28/06/2013 | 15/03/2017 | |
| satisfied | Ge Capital Bank Ge Capital Bank Limited | A registered charge | 3 properties | 28/06/2013 | 15/03/2017 | |
| satisfied | Endless Endless LLP | A registered charge | 2 properties | 28/06/2013 | 04/05/2017 | |
| satisfied | Endless Endless LLP | Standard security | 1 property | 11/01/2013 | 04/05/2017 | |
| satisfied | Endless Endless LLP | Composite guarantee and debentures | 1 property | 08/01/2013 | 04/05/2017 | |
| satisfied | Endless Endless LLP | Legal mortgage | 2 properties | 08/01/2013 | 04/05/2017 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Second ranking security agreement | 1 property | 02/10/2012 | 09/04/2013 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | First ranking security agreement | 1 property | 02/10/2012 | 09/04/2013 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 29/05/2007 | 15/08/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 29/05/2007 | 15/08/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Trustee for the Finance Parties | Floating charge | 1 property | 19/10/2001 | 15/08/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Trustee for the Finance Parties | Floating charge | 1 property | 19/10/2001 | 15/08/2008 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Trustee for the Finance Parties | Bond & floating charge | 1 property | 19/10/2001 | 15/08/2008 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (252 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-12-18
legacy
accounts · PARENT_ACC
2025-12-18
legacy
other · AGREEMENT2
2025-12-18
legacy
other · GUARANTEE2
2025-12-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-21
accounts-with-accounts-type-full
accounts · AA
2025-01-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
change-person-director-company-with-change-date
officers · CH01
2023-12-22
termination-director-company-with-name-termination-date
officers · TM01
2023-12-22
appoint-person-director-company-with-name-date
officers · AP01
2023-12-22
appoint-person-director-company-with-name-date
officers · AP01
2023-12-22
accounts-with-accounts-type-full
accounts · AA
2023-11-29