THEY BAKE LTD

🏛️Establishedactive
SC658780 · ltd · incorporated 2020-04-03
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-417
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

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
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 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
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £417
Net assets shrinking
Down £18,263 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£417
↓ 102% YoY
Current Assets
£12k
↓ 72% YoY
Current Liabilities
—
-£417£9k£18k£27k£36k£45kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£9.2k£32.4k
Current assets£12.4k£44.5k
Net assets£-417£17.8k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-03-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-03-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2021-04-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2020-04-03
    🏢
    Company incorporated
    As THEY BAKE LTD
  9. 2020-04-03
    ➕
    HUNTER, Zoe appointed
    director
  10. 2020-04-03
    ➕
    RODGERS, Amanda-Jane Louise appointed
    director
  11. 2020-04-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited 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

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 Zoe Hunter
Individual · British · DOB 05/1991 · age 35
25–50%
—25-50% shares03/04/2020
Mrs Amanda-Jane Louise Rodgers
Individual · British · DOB 02/1991 · age 35
25–50%
—25-50% shares03/04/2020

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

Similar companies

Active · Food & drink · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ISLE OF ARRAN DISTILLERS LIMITED→
SC134963 · est 1991
£9.19M
£6.77M–£11.61M
——930034y8593y
GRANT BROTHERS (MEAT CANNERS) LIMITED→
SC020934 · est 1939
£5.62M
£4.14M–£7.10M
——4287y8066y
LLDR ALEXANDRIA LTD→
SC187650 · est 1998 · no financials extracted
————27y8374y
THE NATURAL FRUIT AND BEVERAGE COMPANY LIMITED→
SC220179 · est 2001 · no financials extracted
————24y8374y
FOOD SCIENCE LIMITED→
SC352591 · est 2008
——£67.2k—17y8283y
ISLAND CHEESE COMPANY LIMITED→
SC122774 · est 1990
——£290.9k—36y8264y
LLDY ALEXANDRIA LTD→
SC140039 · est 1992 · no financials extracted
————33y8274y
MCCALLUMS FOODS LIMITED→
SC209850 · est 2000
———120025y8263y
SORN MILK LIMITED→
SC149016 · est 1994
——£2.2k—32y8277y
K K DRAUGHT DRINKS LIMITED→
SC298673 · est 2006
——£147.5k—20y8158y
ARRAN BREWERY PLC→
SC430232 · est 2012 · no financials extracted
————13y8066y
ELMBRONZE LIMITED→
SC150540 · est 1994
——£311—32y8074y
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
Incorporated2020-04-03
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

6 Newmarket Street
Ayr
KA7 1LP
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-16
Last: 2026-04-02

Officers (2 active · 0 resigned)

HUNTER, Zoe→
director · ~35y · appointed 2020-04-03
View their other companies + combined net worth →
Active
RODGERS, Amanda-Jane Louise→
director · ~35y · appointed 2020-04-03
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-04-27
incorporation-company
incorporation · NEWINC
2020-04-03