SANDWICK BAKING COMPANY LIMITED

🌳Matureactive
SC210109 · ltd · incorporated 2000-08-17
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 25.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£199.1k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
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 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

3 live charges · 2 lenders · oldest 25.7y

50/100
clean up first

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

  • · Oldest live charge is 25.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
66 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £199,118
Cash YoY
-6%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£61k
↓ 5.7% YoY
Net Worth
£199k
↑ 13% YoY
Current Assets
£473k
↑ 16% YoY
Current Liabilities
—
£0£95k£189k£284k£378k£473kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£267.5k£239.7k
Current assets£472.5k£407.0k
Cash£61.1k£64.8k
Debtors£322.4k£265.0k
Net assets£199.1k£176.9k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  4. 2024-01-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-01-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-12-26
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-01-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2017-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-07-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-07-06
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  15. 2016-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-10-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2000-10-24
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  18. 2000-08-24
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  19. 2000-08-17
    🏢
    Company incorporated
    As SANDWICK BAKING COMPANY LIMITED
  20. 2000-08-17
    ➕
    JAMIESON, Evelyn Jane appointed
    secretary
  21. 2000-08-17
    ➕
    JAMIESON, Evelyn Jane appointed
    director
  22. 2000-08-17
    ➕
    JAMIESON, John Raymond appointed
    director
  23. 2000-08-17
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  24. 2000-08-17
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  25. 2000-08-17
    ➕
    COMBINED NOMINEES LIMITED appointed
    corporate-nominee-director
  26. 2000-08-17
    ➖
    COMBINED NOMINEES LIMITED resigned
    corporate-nominee-director
  27. 2000-08-17
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-director
  28. 2000-08-17
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-director

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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — 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 72 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 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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
NameSharesVoting rightsNature of controlNotified
Mrs Evelyn Jane Jamieson
Individual · British · DOB 06/1957 · age 69
25–50%
—25-50% shares06/04/2016
Mr Raymond Jamieson
Individual · British · DOB 06/1954 · age 72
25–50%
—25-50% shares06/04/2016

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 · ZE postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
QA FISH LIMITED→
SC336851 · est 2008
———290018y8362y
SHETLAND FARM DAIRIES LIMITED→
SC152412 · est 1994
———1031y8069y
PELAGIA SHETLAND LIMITED→
SC094953 · est 1985 · no financials extracted
————40y7669y
QA SHELLFISH LTD→
SC552948 · est 2016
———4009y7662y
ISLAND LARDER LTD→
SC476550 · est 2014
———1811y7543y
ISLAND FISH (SHETLAND) LTD→
SC604178 · est 2018
——£131.6k—7y7254y
LERWICK DISTILLERY LIMITED→
SC738215 · est 2022
——£1.94M—3y7055y
SHETLAND CREAMERY LIMITED→
SC871204 · est 2025 · no financials extracted
—————7047y
SHETLAND SALT LIMITED→
SC629207 · est 2019
——£-11.1k—6y6166y
LUNNA LAMB LTD→
SC673459 · est 2020
——£-20.9k—5y6069y
NORTHERN DELIGHTS SHETLAND LTD→
SC663028 · est 2020
——£-1.4k—5y5626y
JOHNSON & WOOD LTD→
SC440115 · est 2013 · no financials extracted
————13y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2000-08-17
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

14a Gremista Industrial Estate
Gremista
Lerwick
Isle Of Shetland
ZE1 0PX

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-08-31
Last: 2025-08-17

Officers (3 active · 3 resigned)

JAMIESON, Evelyn Jane→
secretary · appointed 2000-08-17
View their other companies + combined net worth →
Active
JAMIESON, Evelyn Jane→
director · ~69y · appointed 2000-08-17
View their other companies + combined net worth →
Active
JAMIESON, John Raymond→
director · ~72y · appointed 2000-08-17
View their other companies + combined net worth →
Active
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 2000-08-17 · resigned 2000-08-17
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 2000-08-17 · resigned 2000-08-17
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 2000-08-17 · resigned 2000-08-17
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—06/07/2017—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property24/10/2000—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property24/08/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-08
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-01-13
gazette-filings-brought-up-to-date
gazette · DISS40
2024-01-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-12
gazette-notice-compulsory
gazette · GAZ1
2023-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-31