LAKELAND BAKE LIMITED

🌳Matureactive
05608409 · ltd · incorporated 2005-11-01
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 20.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
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
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 20.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 officers (3 active, 6 linked, 5 with DOB)
87
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-09
    ➖
    TURNER, Peter Antony resigned
    director
  2. 2025-10-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-08-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-10-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-03-17
    📄
    accounts-amended-with-made-up-date
    accounts · AAMD
  7. 2023-03-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2023-02-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2023-01-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2022-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2021-07-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-01-27
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  13. 2019-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-08-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2018-08-16
    🔓
    Charge satisfied #1
  16. 2018-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-08-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2009-04-27
    ➖
    WILSON, Kevin Darren resigned
    director
  19. 2006-10-31
    ➖
    CODONA, Paul resigned
    director
  20. 2006-08-08
    ➕
    WILSON, Kevin Darren appointed
    director
  21. 2005-12-23
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  22. 2005-11-01
    🏢
    Company incorporated
    As LAKELAND BAKE LIMITED
  23. 2005-11-01
    ➕
    MCKERR, Nigel Conrad appointed
    secretary
  24. 2005-11-01
    ➕
    MCKERR, Nigel Conrad appointed
    director
  25. 2005-11-01
    ➕
    TURNER, David Andrew appointed
    director
  26. 2005-11-01
    ➕
    CODONA, Paul appointed
    director
  27. 2005-11-01
    ➕
    TURNER, Peter Antony appointed
    director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

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 64. 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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.)

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Nigel Conrad Mckerr
Individual · British · DOB 08/1962 · age 64
25–50%
—25-50% shares01/11/2016
Mr Peter Antony Turner
Individual · British · DOB 06/1967 · age 59
25–50%
—25-50% shares01/11/2016
Mr David Andrew Turner
Individual · British · DOB 09/1965 · age 61
25–50%
—25-50% shares01/09/2016

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
Incorporated2005-11-01
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Unit E2 Earls Way
Kingmoor Park Central
Carlisle
Cumbria
CA6 4SE
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (3 active · 3 resigned)

MCKERR, Nigel Conrad→
secretary · appointed 2005-11-01
View their other companies + combined net worth →
Active
MCKERR, Nigel Conrad→
director · ~64y · appointed 2005-11-01
View their other companies + combined net worth →
Active
TURNER, David Andrew→
director · ~61y · appointed 2005-11-01
View their other companies + combined net worth →
Active
CODONA, Paul→
director · ~63y · appointed 2005-11-01 · resigned 2006-10-31
Resigned
TURNER, Peter Antony→
director · ~59y · appointed 2005-11-01 · resigned 2025-10-09
Resigned
WILSON, Kevin Darren→
director · ~60y · appointed 2006-08-08 · resigned 2009-04-27
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
Lloyds Tsb Bank PLC
Debenture1 property23/12/200516/08/2018

Recent filings (80 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
termination-director-company-with-name-termination-date
officers · TM01
2025-10-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-31
accounts-amended-with-made-up-date
accounts · AAMD
2023-03-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-10
gazette-filings-brought-up-to-date
gazette · DISS40
2023-02-01
gazette-notice-compulsory
gazette · GAZ1
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-22