BAXTERS FOOD GROUP LIMITED
🌳Matureactive
SC023572 · ltd · incorporated 1945-11-07
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.
Why now
Window opening · medium confidence
More negotiable than before — 1 signals weakening over the last 30 days.
- · Hygiene score: 90 → 85
What changed my view
Last 30 days
Picture worsened over the last 30 days — 1 negative signal vs 0 positive.
- ↓Hygiene score: 90 → 85
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 10320
Sector: Manufacturing
ALSO REGISTERED FOR
- 10390SIC 10390
- 10850Manufacture of prepared meals and dishes
- 10890SIC 10890
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 16 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
31 live charges · 16 lenders · oldest 43.5y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 43.5 years old — likely at or near maturity.
- · 16 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
31 charges (31/31 with lender, 31/31 with type)
90
Directors & officers
48 officers (4 active, 48 linked, 40 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
21 connected companies via shared directors
90
Filing history
271 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
3
filings
- • 1 officers
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (148 events)Click to expand
- 2026-04-30➖MCKELVIE, Gordon Campbell resignedsecretary
- 2026-04-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-12-31📄accounts-with-accounts-type-groupaccounts · AA
- 2025-08-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-30➕STRAIN, Terence appointeddirector
- 2025-05-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-28🔒Charge registered #31Lender: Hsbc UK Bank PLC
- 2025-04-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-05➖AKEHURST, Jonathan Firth resigneddirector
- 2025-01-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-29➕AKEHURST, Jonathan Firth appointeddirector
- 2025-01-14📄accounts-with-accounts-type-groupaccounts · AA
- 2024-11-29➖SLEVIN, Kieran Martin Joseph resigneddirector
- 2024-11-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-12🔒Charge registered #30Lender: Tcw Asset Management Company Llc (As Agent and Trustee)
- 2024-08-12🔒Charge registered #29Lender: Wells Fargo Bank, National Association (As Agent and Trustee)
- 2024-04-29📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-24➕MCNIVEN-BAXTER, Catherine Mhari appointeddirector
- 2024-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-02-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-01-31🔒Charge registered #28Lender: Tcw Asset Management Company Llc
- 2024-01-31🔒Charge registered #27Lender: Wells Fargo Bank, National Association
- 2024-01-08📄accounts-with-accounts-type-groupaccounts · AA
- 2023-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-21➖STRAIN, Terence resigneddirector
- 2023-06-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-06-02🔓Charge satisfied #13
- 2023-06-02🔓Charge satisfied #12
- 2023-06-02🔓Charge satisfied #11
- 2023-06-02🔓Charge satisfied #10
- 2023-06-02🔓Charge satisfied #9
- 2023-05-31🔒Charge registered #26Lender: Wells Fargo Bank, National Association (As Agent)
- 2023-05-31🔒Charge registered #25Lender: Tcw Asset Management Company Llc (As Agent)
- 2023-05-31🔒Charge registered #24Lender: Tcw Asset Management Company Llc (As Trustee)
- 2023-05-31🔒Charge registered #23Lender: Tcw Asset Management Company Llc (As Trustee)
- 2023-05-31🔒Charge registered #22Lender: Wells Fargo Bank, National Association (As Trustee)
- 2023-05-31🔒Charge registered #21Lender: Wells Fargo Bank, National Association (As Trustee)
- 2023-05-31🔒Charge registered #20Lender: Tcw Asset Management Company Llc (As Agent)
- 2023-05-31🔒Charge registered #19Lender: Wells Fargo Bank, National Association (As Agent)
- 2023-05-31🔒Charge registered #18Lender: Tcw Asset Management Company Llc (As Administrative Agent and Australian Security Trustee)
- 2023-05-31🔒Charge registered #17Lender: Wells Fargo Bank, National Association (As Administrative Agent and Australian Security Trustee)
- 2023-05-31🔒Charge registered #16Lender: Tcw Asset Management Company Llc (As Administrative Agent)
Showing most recent 50 of 148 events
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "BAXTER" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 37 years. Very long tenure is a classic succession signal.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
18 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
W.A. Baxter & Sons (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
W.A. Baxter & Sons (Holdings) Limited
Corporate parent · holds 75-100% shares
⬇
BAXTERS FOOD GROUP LIMITED
This company · SC023572
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
W.A. Baxter & Sons (Holdings) Limited Corporate entity | 75–100% | — | 75-100% shares | 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 · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BRODIE MELROSE DRYSDALE & CO. LIMITED→ SC201590 · est 1999 | £1.45M £1.07M–£1.84M | £8.61M | — | 3300 | 26y | 84 | 63y |
| HAMLYNS OF SCOTLAND LIMITED→ SC176949 · est 1997 | £99.9k £73.6k–£126.2k | £27.47M | — | 5400 | 28y | 86 | 80y |
| SALTIRE PATISSERIE LTD.→ SC295828 · est 2006 | — | — | — | 15 | 20y | 83 | 63y |
| SCOT CHIP LIMITED→ SC258060 · est 2003 | — | — | £1.38M | — | 22y | 83 | 61y |
| THE PREMIUM BAKERY LIMITED→ SC316253 · est 2007 | — | — | £420.7k | — | 19y | 83 | 69y |
| CAWOODS (FISHCURERS) LIMITED→ SC034153 · est 1959 · no financials extracted | — | — | — | — | 66y | 82 | 60y |
| S LUCA OF MUSSELBURGH LIMITED→ SC296882 · est 2006 | — | — | £1.65M | — | 20y | 82 | 69y |
| ARTISAN ROAST LIMITED→ SC327756 · est 2007 | — | — | — | 3600 | 18y | 81 | 62y |
| GRAMPIAN OAT PRODUCTS LIMITED→ SC176950 · est 1997 | — | — | — | 0 | 28y | 81 | 80y |
| MOROCCO GOLD LIMITED→ SC370625 · est 2009 | — | — | £249.9k | — | 16y | 81 | 72y |
| TRAQUAIR HOUSE BREWERY LIMITED→ SC172147 · est 1997 | — | — | — | 300 | 29y | 81 | 62y |
| ACTIPH WATER LIMITED→ SC505074 · est 2015 | — | — | £547.8k | — | 11y | 80 | 77y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1945-11-07
Jurisdictionscotland
Primary SIC10320 — SIC 10320
Registered office
12 Charlotte Square
Edinburgh
EH2 4DJ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-29
Confirmation statement
Next due: 2027-01-25
Last: 2026-01-11
Officers (4 active · 44 resigned)
BAXTER, Andrew Gordon→
Activedirector · ~68y · appointed 1989-04-20
View their other companies + combined net worth →
BAXTER, Audrey Caroline→
Activedirector · ~65y · appointed 1990-12-12
View their other companies + combined net worth →
MCNIVEN-BAXTER, Catherine Mhari→
Activedirector · ~32y · appointed 2024-04-24
View their other companies + combined net worth →
STRAIN, Terence→
Activedirector · ~66y · appointed 2025-07-30
View their other companies + combined net worth →
ANDERSON, Ian→
Resignedsecretary · appointed 1998-08-10 · resigned 2002-04-07
HENDERSON, William Innes→
Resignedsecretary · resigned 1998-08-10
MCKELVIE, Gordon Campbell→
Resignedsecretary · appointed 2019-08-21 · resigned 2026-04-30
MCKELVIE, Gordon Campbell→
Resignedsecretary · appointed 2006-06-21 · resigned 2007-01-12
MCLUCKIE, Peter Alexander→
Resignedsecretary · appointed 2007-02-14 · resigned 2015-10-19
PIA, Paul Dominic→
Resignedsecretary · appointed 2002-04-08 · resigned 2006-06-21
STRACHAN, Lucy Jill→
Resignedsecretary · appointed 2015-10-19 · resigned 2019-08-21
BURNESS LLP→
Resignedcorporate-secretary · appointed 2007-01-12 · resigned 2007-02-14
AKEHURST, Jonathan Firth→
Resigneddirector · ~43y · appointed 2025-01-29 · resigned 2025-03-05
ARTHUR, Kerr→
Resigneddirector · ~56y · appointed 2008-01-23 · resigned 2009-12-07
BARNES, Joseph Harry George→
Resigneddirector · ~96y · appointed 1993-10-25 · resigned 1998-04-08
BAXTER, Euphemia Ellen→
Resigneddirector · ~102y · resigned 2004-06-18
BAXTER, George Ian Adam→
Resigneddirector · ~106y · resigned 2001-05-14
BAXTER, Margaret→
Resigneddirector · ~102y · resigned 1992-07-31
BAXTER, Robert Michael→
Resigneddirector · ~64y · appointed 1996-12-18 · resigned 2000-07-31
BAXTER, William Gordon→
Resigneddirector · ~108y · resigned 2003-09-29
Click a director name to see their full track record across all companies.
Mortgages & charges
31
Total charges
18
Outstanding
12
Active lenders
Status:Lender:31 of 31 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 28/04/2025 | — | |
| outstanding | Tcw Asset Management Company (As Agent and Trustee) Tcw Asset Management Company Llc (As Agent and Trustee) | A registered charge | — | 12/08/2024 | — | |
| outstanding | Wells Fargo Bank, National Association (As Agent and Trustee) | A registered charge | — | 12/08/2024 | — | |
| outstanding | Tcw Asset Management Company Tcw Asset Management Company Llc | A registered charge | — | 31/01/2024 | — | |
| outstanding | Wells Fargo Bank, National Association | A registered charge | — | 31/01/2024 | — | |
| outstanding | Wells Fargo Bank, National Association (As Agent) | A registered charge | 1 property | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Agent) Tcw Asset Management Company Llc (As Agent) | A registered charge | 1 property | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Trustee) Tcw Asset Management Company Llc (As Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Trustee) Tcw Asset Management Company Llc (As Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Wells Fargo Bank, National Association (As Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Wells Fargo Bank, National Association (As Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Agent) Tcw Asset Management Company Llc (As Agent) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Wells Fargo Bank, National Association (As Agent) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Administrative Agent and Australian Security Trustee) Tcw Asset Management Company Llc (As Administrative Agent and Australian Security Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Wells Fargo Bank, National Association (As Administrative Agent and Australian Security Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Administrative Agent) Tcw Asset Management Company Llc (As Administrative Agent) | A registered charge | 1 property | 31/05/2023 | — | |
| outstanding | Tcw Asset Management Company (As Agent and Trustee) Tcw Asset Management Company Llc (As Agent and Trustee) | A registered charge | — | 31/05/2023 | — | |
| outstanding | Wells Fargo Bank, National Association (As Agent and Trustee) | A registered charge | — | 31/05/2023 | — | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 21/12/2022 | 02/06/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 18/12/2020 | 02/06/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Trustee for the Secured Parties | A registered charge | — | 22/07/2016 | 02/06/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Trustee for the Secured Parties | A registered charge | — | 22/07/2016 | 02/06/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Trustee for the Secured Parties | A registered charge | — | 22/07/2016 | 02/06/2023 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 10/10/2014 | 26/07/2016 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 10/10/2014 | 26/07/2016 | |
| satisfied | HSBC Hsbc Corporate Trustee Company (UK) Limited (as Security Agent) | A registered charge | — | 09/10/2014 | 26/07/2016 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 08/07/2014 | 13/01/2015 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 28/05/2014 | 13/01/2015 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 27/04/2007 | 03/06/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 08/05/1985 | 03/06/2014 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 09/11/1982 | 03/06/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (271 total)
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-20
accounts-with-accounts-type-group
accounts · AA
2025-12-31
appoint-person-director-company-with-name-date
officers · AP01
2025-08-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-05-09
termination-director-company-with-name-termination-date
officers · TM01
2025-04-16
appoint-person-director-company-with-name-date
officers · AP01
2025-01-30
accounts-with-accounts-type-group
accounts · AA
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
termination-director-company-with-name-termination-date
officers · TM01
2024-11-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
appoint-person-director-company-with-name-date
officers · AP01
2024-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-12