CYRNEL BAKERY LIMITED(THE)

🌳Matureactive
01184141 · ltd · incorporated 1974-09-16
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£2.0k
book net assets
Opportunity
75/100
Strong
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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
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -73% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 38.8y

45/100
under pressure

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

  • · Oldest live charge is 38.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £2,021
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£303
↓ 73% YoY
Net Worth
£2k
~ YoY
Current Assets
£22k
↓ 17% YoY
Current Liabilities
—
£0£5k£11k£16k£21k£27kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£2.0k£2.0k
Current assets£22.1k£26.6k
Cash£303£1.1k
Debtors£17.8k£21.4k
Net assets£2.0k£2.0k

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
0
filings
Last 90 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-11-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-11-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-12-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-11-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2018-11-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2017-07-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2017-03-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2017-03-02
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2017-03-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2017-03-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-02-28
    ➕
    SMITH, Samantha Jayne appointed
    secretary
  17. 2017-02-28
    ➕
    SMITH, Matthew Paul appointed
    director
  18. 2017-02-28
    ➕
    SMITH, Samantha Jayne appointed
    director
  19. 2017-02-28
    ➖
    CLARK, Denise resigned
    secretary
  20. 2017-02-28
    ➖
    CLARK, Andrew Robert resigned
    director
  21. 2017-02-28
    ➖
    CLARK, Denise resigned
    director
  22. 2009-02-27
    ➕
    CLARK, Denise appointed
    secretary
  23. 2009-02-27
    ➖
    HARRISON, Florence Ella resigned
    secretary
  24. 2009-02-27
    ➕
    CLARK, Andrew Robert appointed
    director
  25. 2009-02-27
    ➕
    CLARK, Denise appointed
    director
  26. 2009-02-27
    ➖
    HARRISON, Helen resigned
    director
  27. 2009-01-15
    🔓
    Charge satisfied #1
  28. 1987-09-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC.
  29. 1974-09-16
    🏢
    Company incorporated
    As CYRNEL BAKERY LIMITED(THE)

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Matthew Paul Smith
Individual · British · DOB 05/1976 · age 50
25–50%
25–50%25-50% shares · 25-50% voting28/02/2017
Mrs Samantha Jayne Smith
Individual · British · DOB 11/1985 · age 41
25–50%
25–50%25-50% shares · 25-50% voting28/02/2017

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

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COOKIEDOLICIOUS LTD→
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06402557 · est 2007 · no financials extracted
————18y——
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09994826 · est 2016 · no financials extracted
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16291895 · est 2025 · no financials extracted
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17126551 · est 2026 · no financials extracted
———————
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16562053 · est 2025 · no financials extracted
———————
ELFIE DRINKS CO LTD→
11310424 · est 2018 · no financials extracted
————8y——
EVERYTHING MUSHROOM LTD→
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————8y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1974-09-16
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Yew Tree House
Lewes Road
Forest Row
East Sussex
RH18 5AA

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-06-04
Last: 2026-05-21

Officers (3 active · 5 resigned)

SMITH, Samantha Jayne→
secretary · appointed 2017-02-28
View their other companies + combined net worth →
Active
SMITH, Matthew Paul→
director · ~50y · appointed 2017-02-28
View their other companies + combined net worth →
Active
SMITH, Samantha Jayne→
director · ~41y · appointed 2017-02-28
View their other companies + combined net worth →
Active
CLARK, Denise→
secretary · appointed 2009-02-27 · resigned 2017-02-28
Resigned
HARRISON, Florence Ella→
secretary · resigned 2009-02-27
Resigned
CLARK, Andrew Robert→
director · ~67y · appointed 2009-02-27 · resigned 2017-02-28
Resigned
CLARK, Denise→
director · ~60y · appointed 2009-02-27 · resigned 2017-02-28
Resigned
HARRISON, Helen→
director · ~71y · resigned 2009-02-27
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC.
Debenture1 property01/09/198715/01/2009

Recent filings (107 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-03