REEVE THE BAKER LIMITED

🌳Matureactive
02088228 · ltd · incorporated 1987-01-12
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 Sept 2025
Net worth
£1.10M
book net assets
Opportunity
82/100
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
Asset-holding vehicle with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -53% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 36.2y

45/100
under pressure

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

  • · Oldest live charge is 36.2 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 (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
124 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £1,103,495
Net assets shrinking
Down £374,437 YoY
Cash draining
Cash down 53% YoY
Cash YoY
-53%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£267k
↓ 53% YoY
Net Worth
£1.1m
↓ 25% YoY
Current Assets
£954k
↓ 15% YoY
Current Liabilities
£0£296k£591k£887k£1.2m£1.5mSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£1.58M£2.03M
Current assets£954.0k£1.12M
Cash£267.2k£566.8k
Debtors£330.6k£295.9k
Net assets£1.10M£1.48M

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-01-20
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  2. 2025-10-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-10-09
    🔓
    Charge satisfied #2
  4. 2025-06-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-05-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2023-02-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2023-01-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2023-01-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-10-20
    📄
    memorandum-articles
    incorporation · MA
  10. 2022-10-20
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2022-05-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2022-04-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2022-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-05-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2021-04-14
    📄
    capital-allotment-shares
    capital · SH01
  16. 2020-10-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2020-05-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2019-11-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2019-11-17
    REEVE, Raymond Leslie resigned
    secretary
  20. 2019-11-17
    REEVE, Raymond Leslie resigned
    director
  21. 2003-04-30
    REEVE, Gary appointed
    director
  22. 2002-01-24
    🔓
    Charge satisfied #1
  23. 1998-08-27
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC
  24. 1992-04-28
    REEVE, Susan Jane appointed
    director
  25. 1992-04-28
    REEVE, Raymond Leslie appointed
    secretary
  26. 1992-04-28
    REEVE, Raymond Leslie appointed
    director
  27. 1990-05-04
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC
  28. 1987-01-12
    🏢
    Company incorporated
    As REEVE THE BAKER LIMITED

Owner dependency

100/100
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 "REEVE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

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

Group structure

G & S Reeve Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
G & S Reeve Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
REEVE THE BAKER LIMITED
This company · 02088228

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%
NameSharesVoting rightsNature of controlNotified
G & S Reeve Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/01/2023
3 historic (ceased) PSCs
  • Mr Gary Reeveceased 12/01/2023· 75-100% shares · 75-100% voting · board control
  • Mrs Susan Jane Reeveceased 14/12/2021· 25-50% shares · 25-50% voting
  • Mr Raymond Leslie Reeveceased 17/11/2019· 25-50% voting

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 →

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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
Incorporated1987-01-12
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Kingsway Industrial Estate
Wilton
Salisbury
Wiltshire
SP2 0AW

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (2 active · 2 resigned)

REEVE, Gary
director · ~52y · appointed 2003-04-30
View their other companies + combined net worth →
Active
REEVE, Susan Jane
director · ~74y · appointed 1992-04-28
View their other companies + combined net worth →
Active
REEVE, Raymond Leslie
secretary · appointed 1992-04-28 · resigned 2019-11-17
Resigned
REEVE, Raymond Leslie
director · ~85y · appointed 1992-04-28 · resigned 2019-11-17
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property27/08/199809/10/2025
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property04/05/199024/01/2002

Recent filings (124 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-medium
accounts · AA
2026-01-20
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-09
accounts-with-accounts-type-small
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-small
accounts · AA
2024-05-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-05
accounts-with-accounts-type-small
accounts · AA
2023-02-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-01-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-01-24
memorandum-articles
incorporation · MA
2022-10-20
resolution
resolution · RESOLUTIONS
2022-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-16
accounts-with-accounts-type-small
accounts · AA
2022-05-06