UNITED BAKERIES LIMITED
🌳Matureactive
SC212595 · ltd · incorporated 2000-11-06
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
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
72/100
Strong
What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (63/100).
🏦
Refinance opportunity
6 live charges · 5 lenders · oldest 24.9y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 24.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
23 officers (3 active, 23 linked, 19 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
142 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
- 2026-05-18📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2025-09-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-01-08📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-01➕HANN, Stephen Paul Charles appointeddirector
- 2024-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-01➕WRENCH, Simon Edward appointeddirector
- 2024-10-01➖SMART, Adam David resigneddirector
- 2024-09-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-02-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-01-31➖SHIELS, Gary resigneddirector
- 2023-10-16📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-04-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-11➕SMART, Adam David appointeddirector
- 2023-04-06➖QUINN, Peter resigneddirector
- 2022-12-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-05➕SHIELS, Gary appointeddirector
- 2022-12-05➖STEEL, Irene Agnes resigneddirector
- 2022-10-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-10-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-31➖BRUCE-GARDYNE, Lucinda Emma Kate resigneddirector
- 2021-08-31➕STEEL, Irene Agnes appointeddirector
- 2020-12-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-01-01➖BRADLEY, Jeremy Peter resigneddirector
- 2020-01-01➕QUINN, Peter appointeddirector
- 2019-03-29🔓Charge satisfied #5
- 2019-03-29🔓Charge satisfied #4
- 2019-03-20🔓Charge satisfied #3
- 2019-03-20🔓Charge satisfied #2
- 2017-02-23➕BRUCE-GARDYNE, Lucinda Emma Kate appointeddirector
- 2017-02-23➖CUSCHIERI, Roz resigneddirector
- 2016-10-01➕BRADLEY, Jeremy Peter appointeddirector
- 2016-07-27➖MORSE, Stella Helen resigneddirector
- 2016-04-18🔓Charge satisfied #6
- 2013-02-27➕ADDLESHAW GODDARD (SCOTLAND) SECRETARIAL LIMITED appointedcorporate-secretary
- 2013-02-27➖CITY GROUP PLC resignedcorporate-secretary
- 2013-02-27➖BOYD, Stephen Alexander resigneddirector
- 2013-02-27➕CUSCHIERI, Roz appointeddirector
- 2013-02-27➖DUFFY, John Gerald resigneddirector
- 2013-02-27➕MORSE, Stella Helen appointeddirector
- 2013-02-27🔒Charge registered #6Lender: Finsbury Food Group PLC
- 2013-02-27🔒Charge registered #5Lender: Hsbc Bank PLC
- 2010-04-01➖MORGAN, Lisa Margaret Wendy resigneddirector
- 2010-01-10➕BOYD, Stephen Alexander appointeddirector
Showing most recent 50 of 75 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Unite Bakeries (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Unite Bakeries (Holdings) Limited
Corporate parent · holds 75-100% shares
⬇
UNITED BAKERIES LIMITED
This company · SC212595
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 |
|---|---|---|---|---|
Unite Bakeries (Holdings) Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/06/2016 |
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 |
| YESTER FARM DAIRIES LIMITED→ SC396162 · est 2011 | — | — | — | 1400 | 15y | 82 | 73y |
| 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 |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2000-11-06
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered office
43 Inchmuir Road
Whitehill Industrial Estate
Bathgate
EH48 2EP
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06
Officers (3 active · 20 resigned)
ADDLESHAW GODDARD (SCOTLAND) SECRETARIAL LIMITED→
Activecorporate-secretary · appointed 2013-02-27
View their other companies + combined net worth →
HANN, Stephen Paul Charles→
Activedirector · ~45y · appointed 2025-01-01
View their other companies + combined net worth →
WRENCH, Simon Edward→
Activedirector · ~51y · appointed 2024-10-01
View their other companies + combined net worth →
KELLY, John→
Resignedsecretary · appointed 2001-04-02 · resigned 2005-11-18
CITY GROUP PLC→
Resignedcorporate-secretary · appointed 2005-11-20 · resigned 2013-02-27
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-11-06 · resigned 2001-04-02
BOYD, Stephen Alexander→
Resigneddirector · ~64y · appointed 2010-01-10 · resigned 2013-02-27
BRADLEY, Jeremy Peter→
Resigneddirector · ~65y · appointed 2016-10-01 · resigned 2020-01-01
BROOKS, David Gary→
Resigneddirector · ~59y · appointed 2005-11-18 · resigned 2008-09-29
BRUCE-GARDYNE, Lucinda Emma Kate→
Resigneddirector · ~55y · appointed 2017-02-23 · resigned 2021-08-31
CRAWFORD, Douglas James→
Resigneddirector · ~61y · appointed 2000-11-06 · resigned 2001-04-02
CUNNINGHAM, Archibald Macdonald→
Resigneddirector · ~73y · appointed 2001-04-27 · resigned 2005-11-18
CUSCHIERI, Roz→
Resigneddirector · ~59y · appointed 2013-02-27 · resigned 2017-02-23
DUFFY, John Gerald→
Resigneddirector · ~61y · appointed 2009-10-19 · resigned 2013-02-27
LOMER, John Antony→
Resigneddirector · ~68y · appointed 2005-11-18 · resigned 2006-09-30
MORGAN, Lisa Margaret Wendy→
Resigneddirector · ~55y · appointed 2006-10-01 · resigned 2010-04-01
MORSE, Stella Helen→
Resigneddirector · ~59y · appointed 2013-02-27 · resigned 2016-07-27
ORR, David Slater→
Resigneddirector · ~75y · appointed 2001-04-02 · resigned 2005-11-18
POLSON, Michael Buchanan→
Resigneddirector · ~62y · appointed 2000-11-06 · resigned 2001-04-02
QUINN, Peter→
Resigneddirector · ~61y · appointed 2020-01-01 · resigned 2023-04-06
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
0
Outstanding
0
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Finsbury Food Group Finsbury Food Group PLC | Floating charge | 1 property | 27/02/2013 | 18/04/2016 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 27/02/2013 | 29/03/2019 | |
| satisfied | HSBC Hsbc Bank PLC | Floating charge | 1 property | 18/11/2005 | 29/03/2019 | |
| satisfied | HSBC Hsbc Equipment Finance (UK) Limited | Floating charge | 1 property | 18/11/2005 | 20/03/2019 | |
| satisfied | HSBC Hsbc Asset Finance (UK) Limited | Floating charge | 1 property | 18/11/2005 | 20/03/2019 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 21/06/2001 | 22/12/2005 |
Recent filings (142 total)
change-corporate-secretary-company-with-change-date
officers · CH04
2026-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-dormant
accounts · AA
2025-09-05
appoint-person-director-company-with-name-date
officers · AP01
2025-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
termination-director-company-with-name-termination-date
officers · TM01
2024-10-07
appoint-person-director-company-with-name-date
officers · AP01
2024-10-07
accounts-with-accounts-type-dormant
accounts · AA
2024-09-19
termination-director-company-with-name-termination-date
officers · TM01
2024-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
accounts-with-accounts-type-dormant
accounts · AA
2023-10-16
appoint-person-director-company-with-name-date
officers · AP01
2023-04-14
termination-director-company-with-name-termination-date
officers · TM01
2023-04-13
appoint-person-director-company-with-name-date
officers · AP01
2022-12-14
termination-director-company-with-name-termination-date
officers · TM01
2022-12-14