DULWICH PANTRY LTD
🏛️Establishedactive
10865635 · ltd · incorporated 2017-07-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£-41.1k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
ALSO REGISTERED FOR
- 10720SIC 10720
- 10850Manufacture of prepared meals and dishes
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
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, 3 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
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £41,101
Cash YoY
-13%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£22k
↓ 13% YoY
Net Worth
-£41k
↑ 28% YoY
Current Assets
£74k
↓ 5.1% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £88.8k | £84.0k |
| Current assets | £74.3k | £78.3k |
| Cash | £22.2k | £25.5k |
| Debtors | £46.1k | £46.8k |
| Net assets | £-41.1k | £-56.8k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 signals 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
- 2025-06-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-11-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-11-10📄change-person-director-company-with-change-dateofficers · CH01
- 2023-11-10📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-01➖HAYES, Charles George Probett resigneddirector
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-25📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2022-07-25📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2022-07-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-22➕GROGAN, Molly Ann appointeddirector
- 2021-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-29📄memorandum-articlesincorporation · MA
- 2021-03-10📄resolutionresolution · RESOLUTIONS
- 2020-08-06➕HAYES, Charles George Probett appointeddirector
- 2020-03-17➖TORIGLIONI DEL CASSERO-NISBETT, Hugo Alexander resigneddirector
- 2018-06-15➕GROGAN, Mark Raphael appointeddirector
- 2017-07-14🏢Company incorporatedAs DULWICH PANTRY LTD
- 2017-07-14➕TORIGLIONI DEL CASSERO-NISBETT, Hugo Alexander appointeddirector
Owner dependency
66/100
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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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 Mark Raphael Grogan Individual · Irish · DOB 05/1974 · age 52 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 15/06/2018 |
Mrs Molly Ann Grogan Individual · American · DOB 05/1981 · age 45 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 13/12/2022 |
2 historic (ceased) PSCs
- Mr Charles George Probett Hayesceased 13/12/2022· 25-50% shares · 25-50% voting
- Mr Hugo Alexander Toriglioni Del Cassero-Nisbettceased 17/03/2020· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Food & drink · SM postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AFRICHIEFS LIMITED→ 16457863 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFTER RAIN LTD→ 16023049 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AQURA LTD→ 17037878 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ASYA23 LTD→ 16545818 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BAKE MY DAY LTD.→ 08143919 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| BOMBONS LTD→ 11741676 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| CAKEMONO LTD→ 15577966 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CC (D2C) LIMITED→ 16390714 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CHINA STYLE CAKE LTD→ 14685387 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| DASATHA ENTERPRISE PRIVATE LIMITED→ 15301720 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DISTORTION BREWING COMPANY LTD→ 11798529 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| EDGIE EATS LTD→ 13993875 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2017-07-14
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered office
Second Floor, Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ
England
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13
Officers (2 active · 2 resigned)
GROGAN, Mark Raphael→
Activedirector · ~52y · appointed 2018-06-15
View their other companies + combined net worth →
GROGAN, Molly Ann→
Activedirector · ~45y · appointed 2022-02-22
View their other companies + combined net worth →
HAYES, Charles George Probett→
Resigneddirector · ~66y · appointed 2020-08-06 · resigned 2023-03-01
TORIGLIONI DEL CASSERO-NISBETT, Hugo Alexander→
Resigneddirector · ~49y · appointed 2017-07-14 · resigned 2020-03-17
Click a director name to see their full track record across all companies.
Recent filings (46 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-10
change-person-director-company-with-change-date
officers · CH01
2023-11-10
change-person-director-company-with-change-date
officers · CH01
2023-11-10
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-03-14
termination-director-company-with-name-termination-date
officers · TM01
2023-03-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28