IDEAL FOODS LIMITED
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Next accounts due
2027-09-30 (in 1y)
Last filed for 2025-12-31
Confirmation statement due
2027-03-27 (in 10mo)
Last made up 2026-03-13
Watchouts
None on the register
Cash
£4M
highest in 3 filed years
Net assets
£6M
lowest in 3 filed years
Employees
45
Average over period
Profit before tax
-£2M
Period ending 2025-12-31
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2025-12-31
| Metric | Trend | 2023-02-28 | 2024-02-29 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £18,214,672 | £17,053,029 | |
| Operating profit | — | — | -£67,787 | -£1,831,924 | |
| Profit before tax | — | — | -£58,525 | -£1,818,089 | |
| Net profit | — | £1,679,738 | -£48,756 | -£1,368,920 | |
| Cash | — | £1,598,225 | £1,932,425 | £3,783,657 | |
| Total assets less current liabilities | — | £7,748,376 | £7,404,755 | £5,588,555 | |
| Net assets | — | £7,755,824 | £7,410,298 | £6,041,378 | |
| Equity | £6,713,859 | £7,755,824 | £7,410,298 | £6,041,378 | |
| Average employees | — | — | 45 | 45 | |
| Wages | — | — | £1,613,700 | £1,413,853 | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-12-31 vs 2024-12-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-02-28 | 2024-02-29 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | -0.4% | -10.7% | |
| Net margin | — | — | -0.3% | -8.0% | |
| Return on capital employed | — | — | -0.9% | -32.8% | |
| Gearing (liabilities / total assets) | — | — | 16.5% | 37.1% | |
| Current ratio | — | — | 5.93x | 2.35x | |
| Interest cover | — | — | -1075.98x | -47.16x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Westcotts (SW) LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have 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.”
Group structure
- IDEAL FOODS LIMITED · parent
- Ideal Nutritional Foods Limited 100%
- Ideal Pet Foods Limited 100%
- The Ideal British Babyfood Company Limited 100%
- Ideal Seafoods Limited 100%
- Channel to China Limited 100%
Significant events
- “Ideal Foods Limited continued to experience the difficult trading conditions experienced in the previous period. A combination of inflationary pressures on the supply side, raw material availability and global market conditions has impacted the earnings for the period under review.”
- “In 2025, the integration of Ideal Foods into the Pelagia Group made significant progress. The focus of this integration was to create synergies with both entities and maximise the potential of the company.”
- “In particular, the opening of a new facility at Ideal's Grimsby location.”
- “The global seafood market is expected to continue its growth in 2026. Innovation in seafood products remains key to growth in the sector. The strategic relationship with Pelagia will allow the business to further maximise the potential to innovate and develop the provision of fish, shellfish and co-products to a global market. The opening of the new Grimsby facility aims to deliver on these goals.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCELLONE, Michael | Director | 2024-03-06 | Sep 1974 | Irish |
| STRAND, Magnus Egil | Director | 2024-03-06 | Oct 1965 | Norwegian |
| TREARTY, Frank | Director | 2024-03-06 | Mar 1973 | Irish |
| VAAGE, Rolf Kristian | Director | 2024-03-06 | Jun 1977 | Norwegian |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| GUBBIN, Harold John | Secretary | 2001-03-07 | 2002-03-01 |
| HANGER, Margaret Ann | Secretary | 2006-06-01 | 2010-10-31 |
| HORNER, Scott James | Secretary | 2010-11-01 | 2024-03-06 |
| TURPIN, Jeanette Claire | Secretary | 2002-03-01 | 2006-06-01 |
| KEY LEGAL SERVICES (SECRETARIAL) LIMITED | Corporate Nominee Secretary | 2001-03-07 | 2001-03-07 |
| BRENNAN, Jeanette | Director | 2001-03-07 | 2002-02-05 |
| GERRY, Lauren Anne | Director | 2016-02-04 | 2024-03-06 |
| HANGER, Margaret Ann | Director | 2006-06-01 | 2010-10-31 |
| HORNER, Anne | Director | 2001-03-07 | 2024-03-06 |
| HORNER, Anthony | Director | 2006-06-01 | 2024-03-06 |
| MORRALL, Philip John | Director | 2006-06-01 | 2010-10-31 |
| TURPIN, Jeanette Claire | Director | 2006-06-01 | 2024-03-06 |
| KEY LEGAL SERVICES (NOMINEES) LIMITED | Corporate Nominee Director | 2001-03-07 | 2001-03-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pelagia (Uk) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-06 | Active |
| Mrs Jeanette Claire Turpin | Individual | Shares 25–50%, Voting 25–50% | 2018-03-13 | Ceased 2024-03-06 |
| Mrs Anne Horner | Individual | Shares 25–50% | 2016-06-01 | Ceased 2024-03-06 |
| Mr Anthony Horner | Individual | Shares 25–50% | 2016-06-01 | Ceased 2024-03-06 |
Filing timeline
Last 20 of 116 total filings
Material constitutional events — rename, articles re-file, resolution
- 2024-03-25 MA Memorandum articles
- 2024-03-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-18 | AA | accounts | Accounts with accounts type group | |
| 2026-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-05 | AA | accounts | Accounts with accounts type group | |
| 2024-11-11 | AA01 | accounts | Change account reference date company current shortened | |
| 2024-09-02 | AA | accounts | Accounts with accounts type group | |
| 2024-03-28 | RP04AP01 | officers | Second filing of director appointment with name | |
| 2024-03-25 | MA | incorporation | Memorandum articles | |
| 2024-03-25 | RESOLUTIONS | resolution | Resolution | |
| 2024-03-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-20 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-20 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-19 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-18 | TM02 | officers | Termination secretary company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.