EKOBAY LIMITED

🌳Matureactive
SC128521 · ltd · incorporated 1990-11-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 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
ALSO REGISTERED FOR
  • 47290Other retail sale of food in specialised stores
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 20.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 7 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees2001000

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2025-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-12-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-12-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-09-26
    ➖
    HOYLE, David Ernest, Nr resigned
    director
  7. 2024-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-01-30
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  9. 2023-12-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2023-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-09-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2018-09-12
    ➕
    FRANKE, Sebastian appointed
    director
  18. 2017-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2006-02-27
    🔒
    Charge registered #1
    Lender: Triodos Bank N.V.
  20. 2005-01-01
    ➕
    BOULTBEE, Janet Mary appointed
    secretary
  21. 2004-12-31
    ➖
    TULLOCH, Susan Mary resigned
    secretary
  22. 2001-02-28
    ➖
    TULLOCH, Susan Mary resigned
    director
  23. 1999-01-18
    ➕
    BOULTBEE, Janet Mary appointed
    director
  24. 1999-01-18
    ➖
    BAYLIS, Caroline Jane resigned
    secretary
  25. 1999-01-18
    ➕
    TULLOCH, Susan Mary appointed
    secretary
  26. 1999-01-18
    ➖
    BRIERLEY, Evelyn Jill resigned
    director
  27. 1999-01-18
    ➕
    TULLOCH, Susan Mary appointed
    director
  28. 1998-04-14
    ➖
    BAYLIS, Caroline Jane resigned
    director
  29. 1998-04-14
    ➖
    BAYLIS, John resigned
    director
  30. 1998-04-14
    ➕
    BRIERLEY, Evelyn Jill appointed
    director
  31. 1998-04-14
    ➕
    HOYLE, David Ernest, Nr appointed
    director
  32. 1991-02-12
    ➕
    BAYLIS, Caroline Jane appointed
    secretary
  33. 1991-02-12
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  34. 1991-02-12
    ➕
    BAYLIS, Caroline Jane appointed
    director
  35. 1991-02-12
    ➕
    BAYLIS, John appointed
    director
  36. 1991-02-12
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  37. 1990-11-15
    🏢
    Company incorporated
    As EKOBAY LIMITED
  38. 1990-11-15
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  39. 1990-11-15
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

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 73 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 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Janet Mary Boultbee
Individual · British · DOB 08/1953 · age 73
25–50%
—25-50% shares06/04/2016
1 historic (ceased) PSC
  • Nr David Ernest Hoyleceased 26/09/2024· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CULLODEN FOODS LIMITED→
SC063411 · est 1977
£720.8k
£531.1k–£910.5k
——21548y8581y
C J MIDDLETON LIMITED→
SC212646 · est 2000
——£558.0k—25y8266y
CLAYMORE DAIRIES LIMITED→
SC371390 · est 2010 · no financials extracted
————16y8260y
FIONNAR SPRINGS LTD.→
SC230770 · est 2002
——£235.7k—23y8292y
SINCLAIR BREWERIES LIMITED→
SC302746 · est 2006
———2119y8265y
ATLAS BREWERY LIMITED→
SC303326 · est 2006
————19y8065y
KELTIC SEAFARE (SCOTLAND) LIMITED→
SC141396 · est 1992
——£1.15M—33y8084y
CLOOTIENESS LTD→
SC808454 · est 2024 · no financials extracted
————1y——
DOG FALLS BREWING CO. LTD→
SC599919 · est 2018 · no financials extracted
————7y——
HIGHLANDER ROASTERY LTD→
SC663005 · est 2020 · no financials extracted
————5y——
ORD OAK SMOKEHOUSE LTD→
SC700547 · est 2021 · no financials extracted
————4y——
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————5y——
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
Incorporated1990-11-15
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Sundown
Victoria Road
Forres
IV36 3BN
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-10-31
Last: 2025-10-17

Officers (3 active · 9 resigned)

BOULTBEE, Janet Mary→
secretary · appointed 2005-01-01
View their other companies + combined net worth →
Active
BOULTBEE, Janet Mary→
director · ~73y · appointed 1999-01-18
View their other companies + combined net worth →
Active
FRANKE, Sebastian→
director · ~32y · appointed 2018-09-12
View their other companies + combined net worth →
Active
BAYLIS, Caroline Jane→
secretary · appointed 1991-02-12 · resigned 1999-01-18
Resigned
TULLOCH, Susan Mary→
secretary · appointed 1999-01-18 · resigned 2004-12-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1990-11-15 · resigned 1991-02-12
Resigned
BAYLIS, Caroline Jane→
director · ~70y · appointed 1991-02-12 · resigned 1998-04-14
Resigned
BAYLIS, John→
director · ~74y · appointed 1991-02-12 · resigned 1998-04-14
Resigned
BRIERLEY, Evelyn Jill→
director · ~72y · appointed 1998-04-14 · resigned 1999-01-18
Resigned
HOYLE, David Ernest, Nr→
director · ~74y · appointed 1998-04-14 · resigned 2024-09-26
Resigned
TULLOCH, Susan Mary→
director · ~66y · appointed 1999-01-18 · resigned 2001-02-28
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1990-11-15 · resigned 1991-02-12
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Triodos Bank N.V.
Standard security1 property27/02/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (120 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-15
change-person-director-company-with-change-date
officers · CH01
2024-12-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-09
termination-director-company-with-name-termination-date
officers · TM01
2024-12-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-31
change-account-reference-date-company-current-shortened
accounts · AA01
2024-01-30
change-account-reference-date-company-current-extended
accounts · AA01
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-24