DAVID JENKINS LIMITED

🌳Matureactive
00401414 · ltd · incorporated 1945-12-03
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
—
year to Dec 2024
Net worth
£9.25M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
ALSO REGISTERED FOR
  • 47240Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

15 live charges · 6 lenders · oldest 45.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 45.9 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 7 total, 7 with control declared
90
Director network
Network not yet resolved
30
Filing history
165 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £9,246,921
Cash YoY
+90%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8.4m
↑ 90% YoY
Net Worth
£9.2m
↑ 63% YoY
Current Assets
£9.0m
↑ 81% YoY
Current Liabilities
—
£0£1.8m£3.7m£5.5m£7.4m£9.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£9.69M£6.18M
Current assets£8.96M£4.94M
Cash£8.40M£4.43M
Debtors£280.5k£227.5k
Net assets£9.25M£5.68M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (59 events)Click to expand
  1. 2026-06-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-03-18
    ➕
    JENKINS, Caroline Ann appointed
    director
  4. 2025-10-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-10-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-10-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-10-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-10-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2025-10-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2025-10-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2025-10-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2025-10-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2025-10-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2025-10-06
    📄
    capital-cancellation-shares
    capital · SH06
  15. 2025-10-06
    📄
    capital-return-purchase-own-shares
    capital · SH03
  16. 2025-09-18
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  17. 2025-08-26
    📄
    memorandum-articles
    incorporation · MA
  18. 2025-08-26
    📄
    resolution
    resolution · RESOLUTIONS
  19. 2024-12-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2024-12-11
    🔓
    Charge satisfied #12
  21. 2024-09-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2024-06-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  23. 2024-03-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2024-03-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2024-02-05
    ➖
    JENKINS, David Kevin resigned
    secretary
  26. 2024-02-05
    ➖
    JENKINS, David Kevin resigned
    director
  27. 2023-10-06
    🔓
    Charge satisfied #14
  28. 2023-10-06
    🔓
    Charge satisfied #13
  29. 2023-10-06
    🔓
    Charge satisfied #15
  30. 2018-09-14
    ➖
    JENKINS, Margaret Pamela resigned
    director
  31. 2016-01-28
    🔓
    Charge satisfied #10
  32. 2016-01-28
    🔓
    Charge satisfied #9
  33. 2016-01-28
    🔓
    Charge satisfied #8
  34. 2016-01-28
    🔓
    Charge satisfied #1
  35. 2011-11-29
    🔒
    Charge registered #14
    Lender: Lloyds Tsb Bank PLC
  36. 2011-11-29
    🔒
    Charge registered #13
    Lender: Lloyds Tsb Bank PLC
  37. 2011-11-21
    🔒
    Charge registered #15
    Lender: Lloyds Tsb Bank PLC
  38. 2011-05-14
    🔓
    Charge satisfied #11
  39. 2011-05-14
    🔓
    Charge satisfied #4
  40. 2011-04-28
    🔒
    Charge registered #12
    Lender: Lloyds Tsb Bank PLC
  41. 2010-09-14
    🔓
    Charge satisfied #5
  42. 2005-09-21
    🔓
    Charge satisfied #7
  43. 2005-09-21
    🔓
    Charge satisfied #6
  44. 2005-09-21
    🔓
    Charge satisfied #3
  45. 2004-05-04
    ➖
    JENKINS, James Horace resigned
    director
  46. 2002-11-15
    ➖
    JENKINS, Philip Ashley resigned
    director
  47. 2002-04-25
    🔒
    Charge registered #11
    Lender: Rank Hovis Limited
  48. 2001-04-26
    🔒
    Charge registered #10
    Lender: The Governor and Company of the Bank of Scotland
  49. 2001-04-26
    🔒
    Charge registered #9
    Lender: The Governor and Company of the Bank of Scotland
  50. 2001-01-26
    🔒
    Charge registered #8
    Lender: Bank of Wales PLC
Showing most recent 50 of 59 events

Owner dependency

96/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "JENKINS" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Russell Jenkins
Individual · Welsh · DOB 03/1961 · age 65
50–75%
75–100%board control75-100% shares · 75-100% voting · board control09/06/2016
6 historic (ceased) PSCs
  • Mrs Jennifer Eve Veryan Jenkinsceased 21/08/2025· 25-50% shares · 25-50% voting · trust interest
  • Ms Sarah Jenkinsceased 21/08/2025· 25-50% shares · 25-50% voting · trust interest
  • Ms Clare Jenkinsceased 21/08/2025· 25-50% shares · 25-50% voting · trust interest
  • Mr Simon John Childsceased 21/08/2025· 25-50% shares · 25-50% voting · trust interest
  • Mr David Kevin Jenkins (Deceased)ceased 21/08/2025· 25-50% shares
  • Mr David Kevin Jenkinsceased 05/02/2024· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1945-12-03
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

The Millennium Coast Bakery
South Avenue
Trostre Business Park Llanelli
Carmarthenshire
SA14 9UU

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-06-22
Last: 2026-06-08

Officers (2 active · 5 resigned)

JENKINS, Caroline Ann→
director · ~65y · appointed 2026-03-18
View their other companies + combined net worth →
Active
JENKINS, Russell→
director · ~65y
View their other companies + combined net worth →
Active
JENKINS, David Kevin→
secretary · resigned 2024-02-05
Resigned
JENKINS, David Kevin→
director · ~69y · resigned 2024-02-05
Resigned
JENKINS, James Horace→
director · ~106y · resigned 2004-05-04
Resigned
JENKINS, Margaret Pamela→
director · ~96y · resigned 2018-09-14
Resigned
JENKINS, Philip Ashley→
director · ~73y · resigned 2002-11-15
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

15
Total charges
0
Outstanding
0
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage2 properties29/11/201106/10/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage1 property29/11/201106/10/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Mortgage deed1 property21/11/201106/10/2023
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property28/04/201111/12/2024
satisfied
Rank Hovis
Rank Hovis Limited
Mortgage deed1 property25/04/200214/05/2011
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Legal charge1 property26/04/200128/01/2016
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property26/04/200128/01/2016
satisfied
Bank of Wales
Bank of Wales PLC
Legal mortgage2 properties26/01/200128/01/2016
satisfied
Bank of Wales
Bank of Wales PLC
Legal mortgage1 property30/11/199821/09/2005
satisfied
Bank of Wales
Bank of Wales PLC
Debenture1 property30/10/199821/09/2005
satisfied
Rank Hovis
Rank Hovis Limited
Mortgage1 property30/04/199814/09/2010
satisfied
Rank Hovis
Rank Hovis Limited
Legal mortgage1 property29/01/199814/05/2011
satisfied
Forward Trust
Forward Trust Limited
Chattels mortgage1 property26/10/199521/09/2005
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal mortgage1 property12/09/199502/02/1999
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Legal charge1 property13/08/198028/01/2016

Recent filings (165 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-22
confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-22
appoint-person-director-company-with-name-date
officers · AP01
2026-03-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-10-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-10-06
capital-cancellation-shares
capital · SH06
2025-10-06
capital-return-purchase-own-shares
capital · SH03
2025-10-06