KINDNESS BAKERS LIMITED
🌳Matureactive
SC103492 · ltd · incorporated 1987-03-04
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 Apr 2025
Net worth
£425.7k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 22.3y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (77/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
128 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
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £425,670
Cash YoY
-30%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£39k
↓ 30% YoY
Net Worth
£426k
↑ 4.8% YoY
Current Assets
£241k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £426.6k | £415.9k |
| Current assets | £241.2k | £208.8k |
| Cash | £39.1k | £56.1k |
| Debtors | £74.3k | £47.2k |
| Net assets | £425.7k | £406.1k |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-01-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-20📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-01-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-01-13📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-22📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2021-02-22📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2021-02-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-02-17➕BROWN & MCRAE LLP appointedcorporate-secretary
- 2021-02-17➖BROWN & MCRAE resignedcorporate-secretary
- 2021-02-17📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2021-02-17📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-09-15📄notification-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC08
- 2020-08-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-08-24🔓Charge satisfied #7
- 2020-02-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-02-20➖KINDNESS, Margaret resigneddirector
- 2018-05-11🔓Charge satisfied #5
- 2016-07-01🔒Charge registered #7Lender: Bibby Factors Scotland Limited
- 2010-01-20🔒Charge registered #6Lender: Royal Bank of Scotland PLC
- 2006-03-17🔓Charge satisfied #2
- 2006-03-06🔒Charge registered #5Lender: The Royal Bank of Scotland PLC
- 2006-03-03🔓Charge satisfied #3
- 2006-01-25🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2004-03-16🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2004-02-13🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 2004-01-08🔒Charge registered #1Lender: Mrs Margaret Ann Kindness
- 1993-08-30➕KINDNESS, Adrian appointeddirector
- 1993-08-30➕KINDNESS, Mark appointeddirector
- 1993-07-31➖SMITH, Andrew John resigneddirector
- 1987-03-04🏢Company incorporatedAs KINDNESS BAKERS LIMITED
Owner dependency
99/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "KINDNESS" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 39 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Mark Kindness Individual · Scottish · DOB 03/1970 · age 56 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 13/01/2022 |
2 historic (ceased) PSCs
- Mr Mark Kindnessceased 22/02/2021· 75-100% shares · 75-100% voting
- Mrs Margaret Kindnessceased 20/02/2020· 50-75% shares · 50-75% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| GLEN GRANT LIMITED→ SC292101 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GLENRINNES DISTILLERY LIMITED→ SC543737 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| GLOBAL TRADE CONCEPT LTD→ SC482474 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| GUTSY FOOD GROUP LIMITED→ SC833834 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| HAAR COFFEE LIMITED→ SC836666 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| HIGHLAND PRIDE FOODS LIMITED→ SC049509 · est 1971 · no financials extracted | — | — | — | — | 54y | — | — |
| J CHARLES SEAFOODS LIMITED→ SC711040 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| KARRO FOOD LIMITED→ SC220000 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| LAESO FISH LIMITED→ SC184241 · est 1998 · no financials extracted | — | — | — | — | 28y | — | — |
| LICKIES CONVENIENCE FOODS LTD→ SC605075 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| LOSSIE SEAFOODS LTD.→ SC145004 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
| LOVE LIFE LIMITED→ SC160603 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1987-03-04
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes
Registered office
69 Main Street
New Deer
Turriff
Aberdeenshire
AB53 6SY
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31
Officers (3 active · 3 resigned)
BROWN & MCRAE LLP→
Activecorporate-secretary · appointed 2021-02-17
View their other companies + combined net worth →
KINDNESS, Adrian→
Activedirector · ~59y · appointed 1993-08-30
View their other companies + combined net worth →
KINDNESS, Mark→
Activedirector · ~56y · appointed 1993-08-30
View their other companies + combined net worth →
BROWN & MCRAE→
Resignedcorporate-secretary · resigned 2021-02-17
KINDNESS, Margaret→
Resigneddirector · ~79y · resigned 2020-02-20
SMITH, Andrew John→
Resigneddirector · ~77y · resigned 1993-07-31
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
3
Outstanding
2
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | A registered charge | — | 01/07/2016 | 24/08/2020 | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 20/01/2010 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 06/03/2006 | 11/05/2018 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 25/01/2006 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 16/03/2004 | 03/03/2006 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 13/02/2004 | 17/03/2006 | |
| outstanding | Mrs Margaret Ann Kindness | Standard security | 1 property | 08/01/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (128 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
change-person-director-company-with-change-date
officers · CH01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-01-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-13
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2021-02-22