HALLETTS THE BAKERS LTD

🌳Matureactive
04802809 · ltd · incorporated 2003-06-18
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 Jul 2025
Net worth
£1.98M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
ALSO REGISTERED FOR
  • 47240Retail sale of bread, cakes, flour confectionery and sugar confectionery in specialised stores
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 65). 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

7 live charges · 3 lenders · oldest 22.9y

35/100
too messy

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

  • · Oldest live charge is 22.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £1,984,104
Cash YoY
+190%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£884k
↑ 190% YoY
Net Worth
£2.0m
↑ 5.0% YoY
Current Assets
£1.1m
↑ 111% YoY
Current Liabilities
—
£0£397k£794k£1.2m£1.6m£2.0mJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£2.05M£1.95M
Current assets£1.06M£504.5k
Cash£883.9k£304.5k
Debtors£144.6k£175.5k
Net assets£1.98M£1.89M

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-05-16
    📄
    capital-allotment-shares
    capital · SH01
  9. 2021-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-06-22
    📄
    capital-allotment-shares
    capital · SH01
  13. 2018-06-22
    📄
    capital-allotment-shares
    capital · SH01
  14. 2018-06-21
    📄
    capital-allotment-shares
    capital · SH01
  15. 2018-06-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2014-12-12
    ➕
    HALLETT, Christopher appointed
    director
  18. 2014-11-02
    ➖
    HALLETT, Melvyn Colin resigned
    director
  19. 2014-01-18
    🔓
    Charge satisfied #5
  20. 2014-01-18
    🔓
    Charge satisfied #4
  21. 2014-01-18
    🔓
    Charge satisfied #2
  22. 2014-01-18
    🔓
    Charge satisfied #1
  23. 2013-12-13
    🔒
    Charge registered #7
    Lender: National Westminster Bank PLC
  24. 2013-12-09
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  25. 2012-10-15
    🔒
    Charge registered #5
    Lender: Lloyds Tsb Bank PLC
  26. 2012-04-21
    🔓
    Charge satisfied #3
  27. 2012-03-19
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Bank PLC (The Bank)
  28. 2010-07-29
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  29. 2004-03-29
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  30. 2003-07-25
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  31. 2003-06-18
    🏢
    Company incorporated
    As HALLETTS THE BAKERS LTD
  32. 2003-06-18
    ➕
    HALLETT, Helena Mary appointed
    secretary
  33. 2003-06-18
    ➕
    HALLETT, Helena Mary appointed
    director
  34. 2003-06-18
    ➕
    TEMPLE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  35. 2003-06-18
    ➖
    TEMPLE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  36. 2003-06-18
    ➕
    HALLETT, Melvyn Colin appointed
    director
  37. 2003-06-18
    ➕
    COMPANY DIRECTORS LIMITED appointed
    corporate-nominee-director
  38. 2003-06-18
    ➖
    COMPANY DIRECTORS LIMITED resigned
    corporate-nominee-director

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 "HALLETT" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

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%
NameSharesVoting rightsNature of controlNotified
Mrs Helena Mary Hallett
Individual · British · DOB 06/1961 · age 65
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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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
Incorporated2003-06-18
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Unit H3 Westfield Business Park
Long Road
Paignton
Devon
TQ4 7AU

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16

Officers (3 active · 3 resigned)

HALLETT, Helena Mary→
secretary · appointed 2003-06-18
View their other companies + combined net worth →
Active
HALLETT, Christopher→
director · ~42y · appointed 2014-12-12
View their other companies + combined net worth →
Active
HALLETT, Helena Mary→
director · ~65y · appointed 2003-06-18
View their other companies + combined net worth →
Active
TEMPLE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-06-18 · resigned 2003-06-18
Resigned
HALLETT, Melvyn Colin→
director · ~72y · appointed 2003-06-18 · resigned 2014-11-02
Resigned
COMPANY DIRECTORS LIMITED→
corporate-nominee-director · appointed 2003-06-18 · resigned 2003-06-18
Resigned

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

Mortgages & charges

7
Total charges
2
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property13/12/2013—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property09/12/2013—
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture deed1 property15/10/201218/01/2014
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC (The Bank)
Mortgage1 property19/03/201218/01/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property29/07/201021/04/2012
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property29/03/200418/01/2014
satisfied
National Westminster Bank
National Westminster Bank PLC
Debenture1 property25/07/200318/01/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (85 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-17
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-29
change-person-director-company-with-change-date
officers · CH01
2021-05-17
change-person-director-company-with-change-date
officers · CH01
2021-05-17
capital-allotment-shares
capital · SH01
2021-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-09
confirmation-statement-with-updates
confirmation-statement · CS01
2020-07-30