BAKED TILES LIMITED

💤Zombieactive
10987979 · ltd · incorporated 2017-09-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-274.8k
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 3.8y

5/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Charge age ~3.8 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 5 with DOB)
90
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £274,781

Key financials

1 year extracted from filed iXBRL accounts
Cash
£41k
Net Worth
-£275k
Current Assets
£193k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Total assets£-274.8k
Current assets£193.0k
Cash£40.8k
Net assets£-274.8k

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
3
filings
  • 2 persons-with-significant-control
  • 1 confirmation-statement
Last 180 days
4
filings
  • 2 persons-with-significant-control
  • 2 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-05-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-05-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-03-17
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2025-03-13
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2025-03-13
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  7. 2025-02-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-02-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2025-02-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-02-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-02-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2025-02-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-02-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2025-02-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2025-02-21
    SMITH, Hamish Stuart appointed
    director
  16. 2025-02-21
    CHIDGEY, Neil John resigned
    director
  17. 2025-02-21
    METCALF, John Joseph resigned
    director
  18. 2025-02-21
    TAYLOR, Lesley Karen resigned
    director
  19. 2025-02-05
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2025-02-04
    📄
    capital-allotment-shares
    capital · SH01
  21. 2025-01-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2025-01-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2025-01-06
    🔓
    Charge satisfied #3
  24. 2025-01-06
    🔓
    Charge satisfied #2
  25. 2024-12-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2024-12-12
    🔓
    Charge satisfied #1
  27. 2024-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  28. 2024-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  29. 2024-10-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  30. 2023-02-07
    🔒
    Charge registered #3
    Lender: Seneca Trade Finance LTD
  31. 2023-02-06
    🔒
    Charge registered #2
    Lender: Seneca Trade Partners LTD
  32. 2022-09-14
    🔒
    Charge registered #1
    Lender: Sellersfunding International Portfolio LTD
  33. 2022-08-01
    TAYLOR, Lesley Karen appointed
    director
  34. 2018-08-30
    CHIDGEY, Neil John appointed
    director
  35. 2018-02-05
    METCALF, John Joseph appointed
    director
  36. 2018-02-05
    TAYLOR, John Albert Brian resigned
    director
  37. 2017-09-29
    🏢
    Company incorporated
    As BAKED TILES LIMITED
  38. 2017-09-29
    TAYLOR, John Albert Brian appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 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.

Name changed 2 times
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-03-13: certificate-change-of-name-company; 2025-03-13: change-of-name-notice

Group structure

Sarsen Brands Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Sarsen Brands Limited
Corporate parent · holds 75-100% shares
ultimate parent
BAKED TILES LIMITED
This company · 10987979

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Sarsen Brands Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting20/05/2026
4 historic (ceased) PSCs
  • Sarsen Group Holdings Limitedceased 20/05/2026· 75-100% shares · 75-100% voting · board control
  • Mrs Lesley Karen Taylorceased 21/02/2025· 50-75% shares · 50-75% voting · board control
  • Mr John Joseph Metcalfceased 21/02/2025· 25-50% shares · 25-50% voting · board control
  • Mr John Albert Brian Taylorceased 05/02/2018· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2017-09-29
Jurisdictionengland-wales
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

Stonebridge House
Nursteed Road
Devizes
SN10 3DY
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-06-03
Last: 2026-05-20

Officers (1 active · 4 resigned)

SMITH, Hamish Stuart
director · ~47y · appointed 2025-02-21
View their other companies + combined net worth →
Active
CHIDGEY, Neil John
director · ~64y · appointed 2018-08-30 · resigned 2025-02-21
Resigned
METCALF, John Joseph
director · ~66y · appointed 2018-02-05 · resigned 2025-02-21
Resigned
TAYLOR, John Albert Brian
director · ~87y · appointed 2017-09-29 · resigned 2018-02-05
Resigned
TAYLOR, Lesley Karen
director · ~62y · appointed 2022-08-01 · resigned 2025-02-21
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Seneca Trade Finance
Seneca Trade Finance LTD
A registered charge3 properties07/02/202306/01/2025
satisfied
Seneca Trade Partners
Seneca Trade Partners LTD
A registered charge3 properties06/02/202306/01/2025
satisfied
Sellersfunding International Portfolio
Sellersfunding International Portfolio LTD
A registered charge14/09/202212/12/2024

Recent filings (55 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-08
resolution
resolution · RESOLUTIONS
2025-03-17
certificate-change-of-name-company
change-of-name · CERTNM
2025-03-13
change-of-name-notice
change-of-name · CONNOT
2025-03-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-24
appoint-person-director-company-with-name-date
officers · AP01
2025-02-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-24
termination-director-company-with-name-termination-date
officers · TM01
2025-02-24