PAUL MORGANS BAKERY LIMITED

🌳Matureactive

02466875 · ltd · incorporated 1990-02-05

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 36.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

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

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 2 lenders · oldest 36.2y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 36.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

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

Lenders & charges

11 charges (11/11 with lender, 11/11 with type)

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

97 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Average employees	6600	6800

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2025-08-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
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mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
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mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
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mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
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mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
🔓
Charge satisfied #10
2025-06-09
🔓
Charge satisfied #9
2025-06-09
🔓
Charge satisfied #8
2025-06-09
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Charge satisfied #7
2025-06-09
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Charge satisfied #6
2025-06-09
🔓
Charge satisfied #5
2025-06-09
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Charge satisfied #4
2025-06-09
🔓
Charge satisfied #3
2025-06-09
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Charge satisfied #2
2025-06-09
🔓
Charge satisfied #1
2024-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
1997-05-08
🔓
Charge satisfied #11
1995-12-13
🔒
Charge registered #11
Lender: Yorkshire Bank PLC
1993-02-10
🔒
Charge registered #10
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #9
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #8
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #7
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #6
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #5
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #4
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #3
Lender: Yorkshire Bank PLC
1991-08-28
🔒
Charge registered #2
Lender: Yorkshire Bank PLC.
1990-05-14
🔒
Charge registered #1
Lender: Yorkshire Bank PLC
1990-02-05
🏢
Company incorporated
As PAUL MORGANS BAKERY LIMITED

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 "MORGAN" — strong identity link between founder and business.
+Founder age: Director aged approximately 75 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

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 75 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Paul Morgans Morgan Individual · British · DOB 06/1951 · age 75	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 · TS postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CRAFTY MONKEY BREWING CO LIMITED→ 10981976 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
DAISY DISTILLERY LIMITED→ 11597200 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
GUISBOROUGH BREWERY LTD→ 12046171 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
J & R ARMITAGE LTD→ 12011560 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
MOJA DELIVERY AND TAKEAWAY LTD→ 13073934 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
MONDE NISSIN (UK) LIMITED→ 09802704 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
NO COLOR LTD→ 15697855 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
NORMAN ROGERS LIMITED→ 15576219 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
NORTH YORKSHIRE BREWING COMPANY LIMITED→ 10853273 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ON A ROLL SANDWICH COMPANY LIMITED→ 05994921 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
PLAY LIMITED→ 10474077 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
POMEGRANATE PERSIAN BAKERY LTD→ 14303310 · est 2022 · no financials extracted	—	—	—	—	3y	—	—

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

Incorporated1990-02-05

Jurisdictionengland-wales

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

Registered office

4 Snowdon Road

Middlesbrough

TS2 1LP

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-19

Last: 2026-02-05

Officers (3 active · 0 resigned)

MORGAN, Angela Catherine→

secretary

View their other companies + combined net worth →

Active

MORGAN, Angela Catherine→

director · ~65y

View their other companies + combined net worth →

Active

MORGAN, Paul Morgans→

director · ~75y

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:11 of 11 shown

		Type	Properties
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	13/12/1995	08/05/1997
satisfied	Virgin Money Yorkshire Bank PLC	Mortgage	1 property	10/02/1993	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC.	Legal charge	1 property	28/08/1991	09/06/2025
satisfied	Virgin Money Yorkshire Bank PLC	Debenture	1 property	14/05/1990	09/06/2025

Recent filings (97 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-09

accounts-with-accounts-type-micro-entity

accounts · AA

2025-08-18

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-09

confirmation-statement-with-updates

confirmation-statement · CS01

2025-02-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-16

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-18