GOODFELLOWS OF DUNDEE LTD

🌳Matureactive

SC029972 · ltd · incorporated 1954-03-30

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 Jan 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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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 83-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 83). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 36.7y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 36.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

17 officers (6 active, 17 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

7 connected companies via shared directors

Filing history

137 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31	2024-01-31
Average employees	11700	12900

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

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (46 events)Click to expand

2025-11-18
➕
RAINEY, Janette Tracy appointed
secretary
2025-11-18
➖
DON, Aileen Anne resigned
secretary
2025-11-18
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-18
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-18
🔓
Charge satisfied #3
2024-10-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2022-08-19
🔓
Charge satisfied #2
2021-08-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-22
➖
ROSS, Laura Margaret resigned
director
2020-06-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-11-05
📄
change-person-director-company-with-change-date
officers · CH01
2019-07-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2019-07-10
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-07-01
➕
DON, Aileen Anne appointed
secretary
2019-06-30
➖
ROSS, Laura Margaret resigned
secretary
2019-06-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-01-30
➕
SINCLAIR, Robert Howden appointed
director
2017-01-30
➕
SOUTER, Jacqueline Anne appointed
director
2017-01-30
➕
ROSS, Laura Margaret appointed
director
2011-04-12
➖
GOODFELLOW, Alister David Inglis resigned
director
2011-03-31
➖
GOODFELLOW, Andrew Alister resigned
director
2009-07-15
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2007-05-18
➖
GOODFELLOW, Ronald Steven Inglis resigned
secretary
2007-05-18
➕
ROSS, Laura Margaret appointed
secretary
2006-03-30
➕
GOODFELLOW, Martin Nicholas appointed
director
2006-03-30
➕
GOODFELLOW, Andrew Alister appointed
director
2001-03-31
➖
SHARP, Neil Muir resigned
director
1999-03-01
➕
HENDERSON, Donald Aithie appointed
director
1995-10-14
➖
GOODFELLOW, David resigned
director
1995-04-07
➕
SHARP, Neil Muir appointed
director
1995-01-27
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1993-03-08
🔓
Charge satisfied #1
1991-06-01
➖
DUGUID, Bruce David resigned
director
1990-07-04
➖
DYE, Patricia Jean resigned
director
1990-07-04
➖
THOMSON, John Butler resigned
director
1989-08-10
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1954-03-30
🏢
Company incorporated
As GOODFELLOWS OF DUNDEE LTD

Owner dependency

88/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "GOODFELLOW" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 83 years old. Natural succession window is now.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
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.)

Group structure

Goodfellow & Steven Trading Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Goodfellow & Steven Trading Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

GOODFELLOWS OF DUNDEE LTD

This company · SC029972

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
Goodfellow & Steven Trading Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	30/01/2025

1 historic (ceased) PSC

Goodfellow & Steven Group Ltdceased 30/01/2025· 75-100% shares

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 · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CIMAD LTD→ SC864880 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DIPSTICK LTD→ SC869618 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DISTILLUTIONS LTD→ SC575133 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
FERNS CAKES LTD→ SC662562 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
GIN BOTHY LIMITED→ SC501575 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
GREENHILL PRODUCE LIMITED→ SC528328 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
KEPTIE BAKERY LIMITED→ SC288804 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
MACKAY'S LTD.→ SC155016 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
NEWLEAF COLLECTIVE LTD→ SC755673 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
OGILVY SPIRITS LIMITED→ SC455172 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
PETIT PATISSIER LTD→ SC836097 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
PIE BOBS MANUFACTURING LIMITED→ SC664500 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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.

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Company details

Statusactive

Typeltd

Incorporated1954-03-30

Jurisdictionscotland

Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

81 Gray Street

Broughty Ferry

Dundee

DD5 2BQ

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-06-15

Last: 2025-06-01