ISLAND BAKERY ORGANICS LIMITED
Opportunity 77/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (70/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 14.5y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 14.5 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Turnover | £4.81M | £3.56M |
| Gross profit | £1.19M | £827.9k |
| Profit before tax | £418.8k | £143.3k |
| Average employees | 3700 | 3400 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (21 events)Click to expand
- 2025-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-08-15📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2019-08-14📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2019-08-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-07-26🔒Charge registered #3Lender: Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT ("Close")
- 2018-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-12-14📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-09📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-11-08🔒Charge registered #2Lender: Triodos Bank Nv
- 2011-10-25🔒Charge registered #1Lender: Triodos Bank N.V.
- 2010-08-20🏢Company incorporatedAs ISLAND BAKERY ORGANICS LIMITED
- 2010-08-20➕READE, Dawn appointeddirector
- 2010-08-20➕READE, Joseph Jeffrey appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 16 years.
- secondaryStable-but-static management: Company is 16 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
cleanShareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Joseph Jeffrey Reade Individual · British · DOB 01/1972 · age 54 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Dawn Reade Individual · British · DOB 03/1972 · age 54 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| J. & A. MITCHELL AND COMPANY, LIMITED→ SC003582 · est 1897 | £22.25M £16.40M–£28.11M | — | — | — | 128y | 85 | 91y |
| SGRIOB-RUADH DISTILLERS LTD→ SC676164 · est 2020 | £14.7k £10.8k–£18.6k | £13.2k | — | 400 | 5y | 86 | 62y |
| MITCHELL'S GLENGYLE LIMITED→ SC211312 · est 2000 | — | — | — | 0 | 25y | 83 | 90y |
| ARGYLL SEAFOODS LIMITED→ SC255313 · est 2003 | — | — | £190.8k | — | 22y | 82 | 77y |
| AULDS BAKERIES LIMITED→ SC193178 · est 1999 · no financials extracted | — | — | — | — | 27y | 82 | 67y |
| FYNE ALES LIMITED→ SC216690 · est 2001 | — | — | — | 22 | 25y | 82 | 78y |
| G. PORRELLI & CO., LIMITED→ SC041254 · est 1964 | — | — | — | 28 | 61y | 82 | 66y |
| AULDS DELICIOUS DESSERTS LIMITED→ SC044454 · est 1967 · no financials extracted | — | — | — | — | 59y | 80 | 67y |
| AULDS THE BAKERS LTD→ SC440756 · est 2013 · no financials extracted | — | — | — | — | 13y | 80 | 67y |
| C PARDUCCI WHOLESALE LIMITED→ SC293509 · est 2005 | — | — | — | 3 | 20y | 80 | 60y |
| GEORGE INGRAM (GLASGOW) LIMITED→ SC046731 · est 1969 | — | — | £122.1k | — | 56y | 80 | 74y |
| KILCHOMAN DISTILLERY COMPANY LTD.→ SC225220 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Close Invoice Finance , 10 Crown Place, London, EC2A 4FT ("Close") Close Invoice Finance Limited, 10 Crown Place, London, EC2A 4FT ("Close") | A registered charge | — | 26/07/2019 | — | |
| outstanding | Triodos Bank Nv | Standard security | 1 property | 08/11/2011 | — | |
| outstanding | Triodos Bank N.V. | Bond & floating charge | 1 property | 25/10/2011 | — |