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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 39.0y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒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 39.0y

85/100

ready

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

· Oldest live charge is 39.0 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

filings

Last 180 days

filing

• 1 accounts

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	88	75y
THISTLE SEAFOODS LIMITED→ SC223362 · est 2001	£20.49M £15.10M–£25.88M	£161.38M	—	58800	24y	80	60y
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	72y	84	62y
LOSSIE SEAFOODS LTD.→ SC145004 · est 1993	£2.18M £1.61M–£2.75M	—	—	424	33y	90	53y
COLIN FRASER LIMITED→ SC236839 · est 2002	—	—	£690.5k	—	23y	82	65y
GT SEAFOODS LIMITED→ SC241817 · est 2003	—	—	£2.21M	—	23y	82	62y
J.G. ROSS (BAKERS) LIMITED→ SC062889 · est 1977	—	—	£3.22M	—	48y	82	64y
M GEDDES LTD.→ SC277504 · est 2004	—	—	£176.6k	—	21y	82	63y
SINCLAIR'S OF RHYNIE LIMITED→ SC314515 · est 2007	—	—	£1.17M	—	19y	82	62y
SUMMER ISLES FOODS (1993) LIMITED→ SC142422 · est 1993 · no financials extracted	—	—	—	—	33y	82	65y
WM. LUNDIE & COMPANY→ SC056140 · est 1974 · no financials extracted	—	—	—	—	51y	82	75y

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.

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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