ANGELIC FREE FROM LTD

🌳Matureactive
SC400402 · ltd · incorporated 2011-05-26
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£14.7k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 10720
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 5 with DOB)
90
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
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £14,677
Net assets shrinking
Down £16,647 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£15k
↓ 53% YoY
Current Assets
£157k
↑ 48% YoY
Current Liabilities
—
£0£31k£63k£94k£125k£157kOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-31
Total assets£16.2k£39.2k
Current assets£156.8k£105.7k
Net assets£14.7k£31.3k

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

Recent activity

Last 30 days
4
filings
  • • 2 officers
  • • 1 persons-with-significant-control
  • • 1 address
Last 90 days
10
filings
  • • 3 officers
  • • 2 confirmation-statement
  • • 1 persons-with-significant-control
Last 180 days
10
filings
  • • 3 officers
  • • 2 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2026-04-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  4. 2026-04-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2026-04-02
    ➕
    MACLEAN, Garry appointed
    director
  6. 2026-04-02
    ➕
    MACLEAN, Lewis appointed
    director
  7. 2026-03-27
    📄
    legacy
    miscellaneous · RP01SH01
  8. 2026-03-19
    📄
    capital-allotment-shares
    capital · SH01
  9. 2026-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2026-02-15
    ➖
    MCLELLAND, Stewart resigned
    director
  11. 2026-02-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2025-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2023-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2023-07-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-01-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2022-08-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2022-02-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  19. 2021-12-07
    📄
    memorandum-articles
    incorporation · MA
  20. 2021-11-10
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2021-11-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2021-11-09
    📄
    capital-allotment-shares
    capital · SH01
  23. 2021-11-08
    ➕
    MCLELLAND, Stewart appointed
    director
  24. 2021-08-30
    ➖
    GILLIES, Neil Alexander resigned
    director
  25. 2014-08-12
    ➕
    GILLIES, Neil Alexander appointed
    director
  26. 2011-05-26
    🏢
    Company incorporated
    As ANGELIC FREE FROM LTD
  27. 2011-05-26
    ➕
    DINGWALL, Kirsty Shearer appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Macleans Highland Bakery Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Macleans Highland Bakery Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ANGELIC FREE FROM LTD
This company · SC400402

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Macleans Highland Bakery Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting02/04/2026
Mrs Kirsty Shearer Dingwall
Individual · British · DOB 04/1986 · age 40
25–50%
25–50%25-50% shares · 25-50% voting16/05/2017

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 →

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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
Incorporated2011-05-26
Jurisdictionscotland
Primary SIC10720 — SIC 10720

Registered office

16 West Road
Greshop Industrial Estate
Forres
IV36 2GW
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-04-02
Last: 2026-03-19

Officers (3 active · 2 resigned)

DINGWALL, Kirsty Shearer→
director · ~40y · appointed 2011-05-26
View their other companies + combined net worth →
Active
MACLEAN, Garry→
director · ~37y · appointed 2026-04-02
View their other companies + combined net worth →
Active
MACLEAN, Lewis→
director · ~61y · appointed 2026-04-02
View their other companies + combined net worth →
Active
GILLIES, Neil Alexander→
director · ~71y · appointed 2014-08-12 · resigned 2021-08-30
Resigned
MCLELLAND, Stewart→
director · ~68y · appointed 2021-11-08 · resigned 2026-02-15
Resigned

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

Recent filings (53 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-07
legacy
miscellaneous · RP01SH01
2026-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-19
capital-allotment-shares
capital · SH01
2026-03-19
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-15
termination-director-company-with-name-termination-date
officers · TM01
2026-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-22