ASHERS BAKERY LIMITED

🌳Matureactive

SC064323 · ltd · incorporated 1978-03-15

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 33.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

79/100

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

Pursue

Active trading company. 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. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 33.9y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 33.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (57/100)

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

Lenders & charges

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

Directors & officers

14 officers (5 active, 14 linked, 12 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

130 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

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.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2025-12-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-23
➕
ASHER, Robert Murray appointed
director
2025-09-23
➖
ASHER, Clare resigned
director
2025-09-23
➖
ASHER, Finlay George resigned
director
2025-09-23
➖
ASHER, Kerry Jane resigned
director
2025-09-23
➖
ASHER, Ryan Robert resigned
director
2025-09-23
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-01
➕
THOMSON, Paul William appointed
director
2023-12-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-10
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-03-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-02-28
➖
ASHER, James Alexander resigned
director
2021-02-28
➖
ASHER, Rory Michael Compton resigned
director
2020-12-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-10-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-04-04
➕
ASHER, Clare appointed
director
2015-05-01
➕
ASHER, Finlay George appointed
director
2013-08-12
➕
ASHER, James Alexander appointed
director
2013-08-12
➕
ASHER, Kerry Jane appointed
director
2013-08-12
➕
ASHER, Rory Michael Compton appointed
director
2013-08-12
➕
ASHER, Ryan Robert appointed
director
2002-03-07
🔒
Charge registered #3
Lender: Highland Prospect Limited
2000-03-27
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1999-02-01
➕
ASHER, Alister Robert appointed
secretary
1999-02-01
➖
ASHER, Agnes Marilyn resigned
secretary
1999-02-01
➖
ASHER, Agnes Marilyn resigned
director
1999-02-01
➖
ASHER, James Russell resigned
director
1992-06-04
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1992-03-31
➕
ASHER, Alister Robert appointed
director
1992-03-31
➕
ASHER, George Russell appointed
director
1978-03-15
🏢
Company incorporated
As ASHERS BAKERY LIMITED

Owner dependency

81/100

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "ASHER" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100

No succession signal

No meaningful acquirability indicators from public data.

SIGNALS

primaryFamily succession underway: Not a takeover target — ASHER, Robert Murray (same surname) appointed 2025-09-23. Pattern consistent with intra-family handover.
secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 34 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

1 med ·

4 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ASHER, Clare resigned 2025-09-23; ASHER, Finlay George resigned 2025-09-23; ASHER, Kerry Jane resigned 2025-09-23

Group structure

Russel Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Russel Holdings Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ASHERS BAKERY LIMITED

This company · SC064323

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
Russel Holdings Ltd Corporate entity	75–100%	—	75-100% shares	06/04/2016

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.

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Similar companies

Active · Food & drink · IV postcode area

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CULLODEN FOODS LIMITED→ SC063411 · est 1977	£720.8k £531.1k–£910.5k	—	—	215	48y	85	81y
C J MIDDLETON LIMITED→ SC212646 · est 2000	—	—	£558.0k	—	25y	82	66y
CLAYMORE DAIRIES LIMITED→ SC371390 · est 2010 · no financials extracted	—	—	—	—	16y	82	60y
EKOBAY LIMITED→ SC128521 · est 1990	—	—	—	200	35y	82	73y
FIONNAR SPRINGS LTD.→ SC230770 · est 2002	—	—	£273.5k	—	24y	82	92y
SINCLAIR BREWERIES LIMITED→ SC302746 · est 2006	—	—	—	21	19y	82	65y
ATLAS BREWERY LIMITED→ SC303326 · est 2006	—	—	—	—	19y	80	65y
KELTIC SEAFARE (SCOTLAND) LIMITED→ SC141396 · est 1992	—	—	£1.15M	—	33y	80	84y
MARIXIN (INVERNESS) LIMITED→ SC098274 · est 1986	—	—	—	1900	40y	80	85y
SPEYMALT WHISKY DISTRIBUTORS LIMITED→ SC037522 · est 1962 · no financials extracted	—	—	—	—	64y	80	65y
ANGELIC FREE FROM LTD→ SC400402 · est 2011	—	—	£14.7k	—	14y	79	61y
GRANTS OF SPEYSIDE LTD.→ SC437477 · est 2012	—	—	—	25	13y	79	74y

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.

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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

Incorporated1978-03-15

Jurisdictionscotland

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

Registered office

Unit 10

Balmakeith Industrial Estate

Nairn

IV12 5QW

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-02-10

Last: 2026-01-27