HOME BAKERY (BUCKIE) LIMITED

🌳Matureactive

SC104797 · ltd · incorporated 1987-05-22

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 38.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 38.7y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 38.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

110 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Average employees	2600	2600

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-03-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-21
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-02-21
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-02-21
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-02-20
➕
JOHNSTON, Kim Louise appointed
secretary
2019-02-20
➖
ANTONS resigned
corporate-secretary
2018-03-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-17
📄
capital-cancellation-shares
capital · SH06
2017-03-17
📄
capital-return-purchase-own-shares
capital · SH03
2017-03-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-12-03
🔓
Charge satisfied #2
2004-03-13
🔓
Charge satisfied #1
1994-01-31
➖
IMLACH, John Alexander resigned
director
1992-06-05
➕
JOHNSTON, James appointed
director
1992-06-05
➖
JOHNSTON, Kathleen Alison resigned
secretary
1992-06-05
➕
ANTONS appointed
corporate-secretary
1987-10-14
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1987-08-11
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1987-05-22
🏢
Company incorporated
As HOME BAKERY (BUCKIE) LIMITED

Owner dependency

91/100

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.
+Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 75 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No 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
Mrs Kathleen Alison Johnston Individual · United Kingdom · DOB 02/1951 · age 75	25–50%	—	25-50% shares	06/04/2016
Mrs Christine Anne Cook Individual · United Kingdom · DOB 03/1954 · age 72	25–50%	—	25-50% shares	06/04/2016

1 historic (ceased) PSC

Mr James Johnstonceased 20/02/2019· significant influence

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 · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KEPAK GROUP LIMITED→ SC440783 · est 2013	£32.76M £24.14M–£41.39M	£648.38M	—	147800	13y	89	75y
EAST COAST VINERS GRAIN (DRUMLITHIE) LIMITED→ SC465482 · est 2013	£10.04M £7.40M–£12.68M	£55.24M	—	6600	12y	95	79y
MACKIE'S LIMITED→ SC030096 · est 1954	£8.51M £6.27M–£10.75M	—	—	115	71y	84	62y
COLIN FRASER LIMITED→ SC236839 · est 2002	—	—	£690.5k	—	23y	82	65y
GRANITE CITY FISH LIMITED→ SC130588 · est 1991	—	—	£327.0k	—	35y	82	66y
GT SEAFOODS LIMITED→ SC241817 · est 2003	—	—	£2.21M	—	23y	82	62y
J H MILNE (PETERHEAD) LIMITED→ SC181790 · est 1997	—	—	£723.9k	—	28y	82	75y
J.G. ROSS (BAKERS) LIMITED→ SC062889 · est 1977	—	—	£3.22M	—	48y	82	64y
SLAINS CASTLE SPIRIT COMPANY LTD→ SC605501 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
SOM MOTOR COMPANY LTD→ SC680980 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
SPEYSIDE ENTERPRISES LIMITED→ SC177138 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
STRATHCLYDE NUTRITION LTD.→ SC198829 · est 1999 · no financials extracted	—	—	—	—	26y	—	—

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

Incorporated1987-05-22

Jurisdictionscotland

Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Home Bakery

Well Road

Buckie

AB56 1LJ

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-01-14

Last: 2025-12-31

Officers (3 active · 3 resigned)

JOHNSTON, Kim Louise→

secretary · appointed 2019-02-20

View their other companies + combined net worth →

Active

JOHNSTON, James→

director · ~75y · appointed 1992-06-05

View their other companies + combined net worth →

Active

JOHNSTON, Kathleen Alison→

director · ~75y

View their other companies + combined net worth →

Active

JOHNSTON, Kathleen Alison→

secretary · resigned 1992-06-05

Resigned

ANTONS→

corporate-secretary · appointed 1992-06-05 · resigned 2019-02-20

Resigned

IMLACH, John Alexander→

director · ~70y · resigned 1994-01-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	14/10/1987	03/12/2007
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	11/08/1987	13/03/2004