FINE LADY BAKERIES LIMITED

🌳Matureactive

00455692 · ltd · incorporated 1948-06-18

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 Mar 2025

Net worth

£15.24M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes

Sector: Manufacturing

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 21.8y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 21.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

25 officers (9 active, 25 linked, 21 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

19 connected companies via shared directors

Filing history

148 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £15,235,202

Cash draining

Cash down 56% YoY

Cash YoY

-56%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£242

↓ 56% YoY

Net Worth

£15m

↑ 8.0% YoY

Current Assets

£30m

↓ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-29	2024-03-30
Total assets	£27.73M	£26.80M
Current assets	£30.07M	£34.23M
Cash	£242	£546
Debtors	£27.74M	£32.19M
Net assets	£15.24M	£14.10M

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

🔒Filing-note intelligence

3 signals 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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2025-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2025-12-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-30
➖
COOK, Stephen resigned
director
2025-11-30
➖
HOWLETT, David Anthony Robert resigned
director
2025-11-28
➕
SKELDING, Philip John appointed
director
2025-07-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-01
➕
HEYGATE, Thomas Peter appointed
director
2024-12-13
📄
accounts-with-accounts-type-full
accounts · AA
2024-06-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-11
➕
ADISA, Kayode Joseph appointed
director
2024-01-11
📄
accounts-with-accounts-type-full
accounts · AA
2023-01-05
📄
accounts-with-accounts-type-full
accounts · AA
2022-01-05
📄
accounts-with-accounts-type-full
accounts · AA
2021-03-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-03-27
➖
STREET, Joseph Stanley resigned
director
2021-01-11
📄
accounts-with-accounts-type-full
accounts · AA
2020-01-03
📄
accounts-with-accounts-type-full
accounts · AA
2020-01-03
📄
resolution
resolution · RESOLUTIONS
2019-12-23
📄
capital-allotment-shares
capital · SH01
2019-01-05
📄
accounts-with-accounts-type-full
accounts · AA
2017-12-28
📄
accounts-with-accounts-type-full
accounts · AA
2013-10-29
🔒
Charge registered #4
Lender: Hsbc Invoice Finance (UK) LTD
2012-03-06
🔓
Charge satisfied #3
2011-06-22
🔒
Charge registered #3
Lender: Hsbc Asset Finance (UK) LTD and Hsbc Equipment Finance (UK) LTD
2011-04-20
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2010-11-03
➕
CHIA, Stephen appointed
secretary
2010-11-03
➖
SAYNOR, John Charles resigned
secretary
2010-03-19
➕
HEYGATE, Arthur Robert appointed
director
2010-03-19
➕
KRECKLER, Sarah Elizabeth appointed
director
2009-01-13
➖
GREENE, Anthony Charles resigned
secretary
2009-01-13
➕
SAYNOR, John Charles appointed
secretary
2007-10-31
➕
ROBERTS, Christopher Dathan appointed
director
2007-10-31
➕
GREENE, Anthony Charles appointed
secretary
2007-10-31
➖
VAN DE POLL, David Hans resigned
secretary
2007-10-31
➖
VAN DE POLL, David Hans resigned
director
2007-02-21
➖
TETLEY, Anne Elizabeth resigned
director
2006-07-11
🔓
Charge satisfied #1
2004-10-11
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2004-07-12
➕
HOWLETT, David Anthony Robert appointed
director
2004-03-23
➖
KEVEREN, Keith Norman resigned
director
2003-09-12
➖
MOUTTER, Alan William resigned
director
2003-08-14
➖
WHITE, John Francis resigned
director
2001-04-01
➕
COOK, Stephen appointed
director
2001-03-30
➖
ROBERTS, John Raddon resigned
director
2000-08-31
➖
EMMETT, John resigned
director
1998-04-06
➕
EMMETT, John appointed
director
1998-01-30
➖
LUCAS, Ronald William resigned
director
1997-10-01
➕
MOUTTER, Alan William appointed
director

Showing most recent 50 of 54 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-8 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

33/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

primaryFamily succession underway: Not a takeover target — HEYGATE, Thomas Peter (same surname) appointed 2025-06-01. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: COOK, Stephen resigned 2025-11-30; HOWLETT, David Anthony Robert resigned 2025-11-30

Group structure

Heygate & Sons Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Heygate & Sons Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

FINE LADY BAKERIES LIMITED

This company · 00455692

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Heygate & Sons Limited Corporate entity	75–100%	—	75-100% shares	06/04/2016

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 · NN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
EL PESCADOR & V LTD→ 16934919 · est 2025 · no financials extracted	—	—	—	—	—	—	—
EXCELLENT SOURCE CATERING LTD→ 15654433 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
FACCENDA FOODS LIMITED→ 01611077 · est 1982 · no financials extracted	—	—	—	—	44y	—	—
FATTI BELLI LTD→ 14586525 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
FLASK BEVERAGES LIMITED→ 16005793 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
FLEUR FIELDS LIMITED→ 04519440 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
FOOD SAFE LIMITED→ 12163162 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
FOODIE LONDON LTD→ 12378936 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
FORMBY SPIRITS LIMITED→ 11172225 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
FORTHALL TEA COMPANY LTD→ 11336449 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
FREESTIES LTD→ 11849611 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
FRIARS FARM NORTHAMPTON LTD→ 13476634 · est 2021 · no financials extracted	—	—	—	—	4y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1948-06-18

Jurisdictionengland-wales

Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Bugbrooke Mills

Bugbrooke

Northampton

NN7 3QH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-29

Confirmation statement

Next due: 2026-12-15

Last: 2025-12-01