PIPPIN BAKERS LTD
🌳Matureactive
09269982 · ltd · incorporated 2014-10-17
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 Jan 2026
Net worth
£285.3k
book net assets
Opportunity
80/100
Exceptional
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
- 56102Unlicenced restaurants and cafes
Investor take
PursueStrong opportunity: active trading company with exceptional profile and bankable structure.
Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -38% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 2.1y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.1 years old — likely still in initial term.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
53 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
75
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 declaredPositive net assets
Net assets £285,271
Cash YoY
-38%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£127k
↓ 38% YoY
Net Worth
£285k
↑ 7.1% YoY
Current Assets
£284k
↓ 18% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2026-01-31 | 2025-01-31 |
|---|---|---|
| Total assets | £636.4k | £638.1k |
| Current assets | £283.5k | £345.0k |
| Cash | £126.6k | £204.2k |
| Debtors | £108.9k | £100.8k |
| Net assets | £285.3k | £266.4k |
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 (25 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-13📄memorandum-articlesincorporation · MA
- 2025-10-08📄resolutionresolution · RESOLUTIONS
- 2025-10-02📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-10-02📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-08-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-08-13📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-05-30🔒Charge registered #1Lender: National Westminster Bank PLC
- 2024-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-06📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-05📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-05📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-12-05➖LUDVIGSEN, Bent resigneddirector
- 2015-09-01➕LUDVIGSEN, Bent appointeddirector
- 2014-10-17🏢Company incorporatedAs PIPPIN BAKERS LTD
- 2014-10-17➕EVANGELISTA, Betina appointeddirector
- 2014-10-17➕EVANGELISTA, Mario Romualdo appointeddirector
Owner dependency
74/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mario Romualdo Evangelista Individual · Brazilian · DOB 11/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Betina Evangelista Individual · Dutch · DOB 09/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 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 · SN postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DOWNLAND PRODUCE WILTSHIRE LTD→ 11472208 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MAGGIORE FOOD LTD→ 14921717 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MAGIC MOMO LTD→ 12492058 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MARLBOROUGH INTERNATIONAL (UK) LIMITED→ 04395416 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| NEW KULCHA LTD→ 15432874 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| OLD BAKEHOUSE 2020 LIMITED→ 12506987 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ORMONDE SOLUTIONS LIMITED→ 13236425 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| OUR BABYLON GARDEN LTD→ 14427369 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| PETE'S MICRO BAKERY LTD→ 15903493 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| PLAISIR DE MANGER LTD→ 16784579 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PLANET WILD LTD→ 12502546 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| PLANT FOR PEACE (HOLDING) LTD→ 07356507 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
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
Incorporated2014-10-17
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered office
Unit 7 Isis Trading Estate
Swindon
Wiltshire
SN1 2PG
England
Filing status
Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2026-12-04
Last: 2025-11-20
Officers (2 active · 1 resigned)
EVANGELISTA, Betina→
Activedirector · ~53y · appointed 2014-10-17
View their other companies + combined net worth →
EVANGELISTA, Mario Romualdo→
Activedirector · ~62y · appointed 2014-10-17
View their other companies + combined net worth →
LUDVIGSEN, Bent→
Resigneddirector · ~67y · appointed 2015-09-01 · resigned 2016-12-05
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 30/05/2024 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (53 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-02
memorandum-articles
incorporation · MA
2025-10-13
resolution
resolution · RESOLUTIONS
2025-10-08
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-10-02
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-10-02
change-person-director-company-with-change-date
officers · CH01
2025-08-13
change-person-director-company-with-change-date
officers · CH01
2025-08-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-16
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-02