KELLYS BAKERIES LIMITED

⚰️Wound downliquidation
09337024 · ltd · incorporated 2014-12-02
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
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Turnover
year to Jun 2025
Net worth
£18.1k
book net assets
Opportunity
49/100
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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
Special-situation opportunity
Distressed food-drink with salvageable qualities — special-situations priority.

Opportunity 49/100 (watch), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
49/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £18,086
Net assets shrinking
Down £48,878 YoY
Cash draining
Cash down 67% YoY
Cash YoY
-67%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£22k
↓ 67% YoY
Net Worth
£18k
↓ 73% YoY
Current Assets
£51k
↓ 46% YoY
Current Liabilities
£0£19k£38k£57k£76k£94kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£59.8k£117.3k
Current assets£50.8k£94.5k
Cash£22.2k£68.0k
Debtors£18.4k£15.0k
Net assets£18.1k£67.0k

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
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 90 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Last 180 days
4
filings
  • 2 insolvency
  • 1 address
  • 1 resolution
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-07-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-07-03
    ⚠️
    liquidation-voluntary-appointment-of-liquidator
    insolvency · 600
  3. 2026-07-03
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-07-03
    ⚠️
    liquidation-voluntary-statement-of-affairs
    insolvency · LIQ02
  5. 2025-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2024-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2014-12-02
    🏢
    Company incorporated
    As KELLYS BAKERIES LIMITED
  19. 2014-12-02
    KELLY, Ian appointed
    director
  20. 2014-12-02
    KELLY, Patricia appointed
    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 "KELLY" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 84 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

71/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
  • 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

2 high ·
Company in liquidation
high

Company is actively being wound up. Not a going concern.

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-07-03: liquidation-voluntary-appointment-of-liquidator; 2026-07-03: liquidation-voluntary-statement-of-affairs

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Kelly
Individual · British · DOB 10/1950 · age 76
2550%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Patricia Kelly
Individual · British · DOB 01/1942 · age 84
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

10 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.

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Company details

Statusliquidation
Typeltd
Incorporated2014-12-02
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Prospect House
Rouen Road
Norwich
NR1 1RE

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (2 active · 0 resigned)

KELLY, Ian
director · ~76y · appointed 2014-12-02
View their other companies + combined net worth →
Active
KELLY, Patricia
director · ~84y · appointed 2014-12-02
View their other companies + combined net worth →
Active

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

Recent filings (33 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-07-03
liquidation-voluntary-appointment-of-liquidator
insolvency · 600
2026-07-03
resolution
resolution · RESOLUTIONS
2026-07-03
liquidation-voluntary-statement-of-affairs
insolvency · LIQ02
2026-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-02
change-person-director-company-with-change-date
officers · CH01
2024-02-28
change-person-director-company-with-change-date
officers · CH01
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03