BREAD FACTORY LIMITED

🌳Matureactive
03237576 · ltd · incorporated 1996-08-13
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
not disclosed
Net worth
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
Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 5 lenders · oldest 29.3y

35/100
too messy

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

  • · Oldest live charge is 29.3 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
16 officers (4 active, 16 linked, 8 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
166 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
  1. 2025-12-09
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2025-12-09
    📄
    legacy
    other · GUARANTEE2
  3. 2025-11-27
    📄
    legacy
    accounts · PARENT_ACC
  4. 2025-11-27
    📄
    legacy
    other · AGREEMENT2
  5. 2025-07-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-07-07
    BARRETT, Daniel Macdonald appointed
    director
  7. 2024-11-25
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  8. 2024-11-25
    📄
    legacy
    accounts · PARENT_ACC
  9. 2024-11-25
    📄
    legacy
    other · AGREEMENT2
  10. 2024-11-25
    📄
    legacy
    other · GUARANTEE2
  11. 2023-12-15
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  12. 2023-12-15
    📄
    legacy
    other · GUARANTEE2
  13. 2023-11-29
    📄
    legacy
    accounts · PARENT_ACC
  14. 2023-11-29
    📄
    legacy
    other · AGREEMENT2
  15. 2022-12-05
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  16. 2022-12-05
    📄
    legacy
    accounts · PARENT_ACC
  17. 2022-12-05
    📄
    legacy
    other · GUARANTEE2
  18. 2022-12-05
    📄
    legacy
    other · AGREEMENT2
  19. 2022-06-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  20. 2022-06-06
    🔒
    Charge registered #8
    Lender: Glas Trust Corporation Limited
  21. 2021-11-24
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  22. 2021-11-24
    📄
    legacy
    accounts · PARENT_ACC
  23. 2021-11-24
    📄
    legacy
    other · GUARANTEE2
  24. 2021-11-04
    🔒
    Charge registered #7
    Lender: Glas Trust Corporation Limited
  25. 2021-10-29
    🔓
    Charge satisfied #6
  26. 2021-10-29
    🔓
    Charge satisfied #5
  27. 2021-10-05
    ARBEL, Dean resigned
    director
  28. 2021-10-05
    AVIDAN, Ran resigned
    director
  29. 2018-09-10
    ARBEL, Dean appointed
    director
  30. 2017-09-20
    TRIGWELL, Andy appointed
    secretary
  31. 2017-09-20
    TRIGWELL, Andy appointed
    director
  32. 2017-09-20
    EMERSON, Jake resigned
    secretary
  33. 2017-09-20
    EMERSON, Jake Alaric Roger resigned
    director
  34. 2011-07-27
    🔒
    Charge registered #6
    Lender: Hsbc Bank PLC
  35. 2011-07-11
    EMERSON, Jake appointed
    secretary
  36. 2011-07-11
    MOLNAR, Thomas resigned
    secretary
  37. 2011-07-11
    EMERSON, Jake Alaric Roger appointed
    director
  38. 2011-04-16
    🔓
    Charge satisfied #4
  39. 2011-04-16
    🔓
    Charge satisfied #3
  40. 2011-04-16
    🔓
    Charge satisfied #2
  41. 2011-04-16
    🔓
    Charge satisfied #1
  42. 2011-04-11
    MEJIA, Yael resigned
    secretary
  43. 2011-04-11
    MOLNAR, Thomas appointed
    secretary
  44. 2011-04-11
    MEJIA, Yael resigned
    director
  45. 2011-04-11
    MER, Amnon Jonathan resigned
    director
  46. 2011-04-11
    🔒
    Charge registered #5
    Lender: Hsbc Bank PLC
  47. 2009-04-21
    🔒
    Charge registered #4
    Lender: Barclays Bank PLC
  48. 2005-10-21
    🔒
    Charge registered #3
    Lender: Ge Commercial Finance Limited
  49. 2005-07-19
    🔒
    Charge registered #2
    Lender: Cppf (Garrick Road) Jersey Nominee a Limited and Cppf (Garrick Road) Jersey Nominee B Limited
  50. 2005-06-24
    MER, Amnon Jonathan appointed
    director
Showing most recent 50 of 64 events

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

Group structure

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

🏛️
Bread Limited
Corporate parent · holds 75-100% shares
ultimate parent
BREAD FACTORY LIMITED
This company · 03237576

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
Bread Limited
Corporate entity
75100%
75-100% shares06/04/2016

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 →

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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
Incorporated1996-08-13
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Unit 12 Garrick Road Industrial Estate
Irving Way Hendon
London
NW9 6AQ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26

Officers (4 active · 12 resigned)

TRIGWELL, Andy
secretary · appointed 2017-09-20
View their other companies + combined net worth →
Active
BARRETT, Daniel Macdonald
director · ~44y · appointed 2025-07-07
View their other companies + combined net worth →
Active
MOLNAR, Thomas
director · ~60y · appointed 2005-03-31
View their other companies + combined net worth →
Active
TRIGWELL, Andy
director · ~50y · appointed 2017-09-20
View their other companies + combined net worth →
Active
EMERSON, Jake
secretary · appointed 2011-07-11 · resigned 2017-09-20
Resigned
MEJIA, Yael
secretary · appointed 2005-03-31 · resigned 2011-04-11
Resigned
MER, Amnon Jonathan
secretary · appointed 1996-12-06 · resigned 2005-03-31
Resigned
MOLNAR, Thomas
secretary · appointed 2011-04-11 · resigned 2011-07-11
Resigned
YEATES, Stephen John
secretary · appointed 1996-08-13 · resigned 1996-12-06
Resigned
CHALFEN SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1996-08-13 · resigned 1996-08-13
Resigned
ARBEL, Dean
director · ~50y · appointed 2018-09-10 · resigned 2021-10-05
Resigned
AVIDAN, Ran
director · ~55y · appointed 2005-03-31 · resigned 2021-10-05
Resigned
EMERSON, Jake Alaric Roger
director · ~54y · appointed 2011-07-11 · resigned 2017-09-20
Resigned
MEJIA, Yael
director · ~72y · appointed 1996-08-13 · resigned 2011-04-11
Resigned
MER, Amnon Jonathan
director · ~69y · appointed 2005-06-24 · resigned 2011-04-11
Resigned
CHALFEN NOMINEES LIMITED
corporate-nominee-director · appointed 1996-08-13 · resigned 1996-08-13
Resigned

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

Mortgages & charges

8
Total charges
2
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Glas Trust Corporation
Glas Trust Corporation Limited
A registered charge1 property06/06/2022
outstanding
Glas Trust Corporation
Glas Trust Corporation Limited
A registered charge1 property04/11/2021
satisfied
HSBC
Hsbc Bank PLC
Supplemental charge3 properties27/07/201129/10/2021
satisfied
HSBC
Hsbc Bank PLC
A deed of accession1 property11/04/201129/10/2021
satisfied
Barclays
Barclays Bank PLC
Guarantee & debenture1 property21/04/200916/04/2011
satisfied
Ge Commercial Finance
Ge Commercial Finance Limited
Composite all assets guarantee and debenture1 property21/10/200516/04/2011
satisfied
Cppf (Garrick Road) Jersey Nominee a and Cppf (Garrick Road) Jersey Nominee B
Cppf (Garrick Road) Jersey Nominee a Limited and Cppf (Garrick Road) Jersey Nominee B Limited
Rent deposit deed1 property19/07/200516/04/2011
satisfied
Barclays
Barclays Bank PLC
Debenture1 property06/03/199716/04/2011
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (166 total)

accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-12-09
legacy
other · GUARANTEE2
2025-12-09
legacy
accounts · PARENT_ACC
2025-11-27
legacy
other · AGREEMENT2
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
appoint-person-director-company-with-name-date
officers · AP01
2025-07-17
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-11-25
legacy
accounts · PARENT_ACC
2024-11-25
legacy
other · AGREEMENT2
2024-11-25
legacy
other · GUARANTEE2
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-02
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2023-12-15
legacy
other · GUARANTEE2
2023-12-15
legacy
accounts · PARENT_ACC
2023-11-29
legacy
other · AGREEMENT2
2023-11-29