GREENFERN BAKERY LIMITED
⚰️Wound downdissolved
SC151578 · ltd · incorporated 1994-06-24
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: SIC 10890
Sector: Manufacturing
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (88/100, director aged 69). 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 (73/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 31.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 31.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (55/100)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
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
115 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
- 2023-08-15📄gazette-dissolved-compulsorygazette · GAZ2
- 2023-08-15🏁Company dissolved
- 2023-05-30📄gazette-notice-compulsorygazette · GAZ1
- 2022-05-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-05-25🔓Charge satisfied #6
- 2022-05-25🔓Charge satisfied #5
- 2022-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-04-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-04-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-12-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-11-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2015-11-20🔒Charge registered #6Lender: Bank of Scotland PLC
- 2015-11-13🔒Charge registered #5Lender: Bank of Scotland PLC
- 2015-11-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-11-11🔓Charge satisfied #2
- 2015-08-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-08-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-08-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-08-21🔓Charge satisfied #3
- 2015-08-21🔓Charge satisfied #1
- 2013-07-20➖MILNE, Jennifer resigneddirector
- 2013-07-19➖FRASER, Stanley Thomson resigneddirector
- 2013-07-19➖GREEN, John Dunbar resigneddirector
- 2013-07-18➕MILNE, Jennifer appointeddirector
- 2009-03-16➖CHARLOTTE SECRETARIES LIMITED resignedcorporate-secretary
- 2006-05-26➕CHARLOTTE SECRETARIES LIMITED appointedcorporate-secretary
- 2006-03-31➖LEDINGHAM CHALMERS LLP resignedcorporate-secretary
- 1998-01-08➕LEDINGHAM CHALMERS LLP appointedcorporate-secretary
- 1998-01-08➖STRONACHS resignedcorporate-nominee-secretary
- 1994-09-26🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1994-09-26🔒Charge registered #3Lender: Stanley Thomson Fraser
- 1994-09-15🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1994-09-14🔒Charge registered #1Lender: Stanley Thomson Fraser
- 1994-08-03➕MILNE, Kenneth appointeddirector
- 1994-08-03➖ALLAN, David Martin resigneddirector
- 1994-08-03➕FRASER, Stanley Thomson appointeddirector
- 1994-08-03➕GREEN, John Dunbar appointeddirector
- 1994-06-24🏢Company incorporatedAs GREENFERN BAKERY LIMITED
- 1994-06-24➕STRONACHS appointedcorporate-nominee-secretary
- 1994-06-24➕ALLAN, David Martin appointeddirector
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 32 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 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2023-08-15
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kenneth Milne Individual · British · DOB 03/1957 · age 69 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| SLOW SAUCE LTD→ SC768118 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SOM MOTOR COMPANY LTD→ SC680980 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SPEYSIDE AYPPLE LTD→ SC791669 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated1994-06-24
Jurisdictionscotland
Primary SIC10890 — SIC 10890
Registered office
13 Greenfern Road
Mastrick
Aberdeen
Aberdeen
AB16 5PY
Filing status
Accounts
Next due: —
Last made up to: 2021-06-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
MILNE, Kenneth→
Activedirector · ~69y · appointed 1994-08-03
View their other companies + combined net worth →
CHARLOTTE SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2006-05-26 · resigned 2009-03-16
LEDINGHAM CHALMERS LLP→
Resignedcorporate-secretary · appointed 1998-01-08 · resigned 2006-03-31
STRONACHS→
Resignedcorporate-nominee-secretary · appointed 1994-06-24 · resigned 1998-01-08
ALLAN, David Martin→
Resigneddirector · ~80y · appointed 1994-06-24 · resigned 1994-08-03
FRASER, Stanley Thomson→
Resigneddirector · ~79y · appointed 1994-08-03 · resigned 2013-07-19
GREEN, John Dunbar→
Resigneddirector · ~67y · appointed 1994-08-03 · resigned 2013-07-19
MILNE, Jennifer→
Resigneddirector · ~73y · appointed 2013-07-18 · resigned 2013-07-20
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/11/2015 | 25/05/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 13/11/2015 | 25/05/2022 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 26/09/1994 | — | |
| satisfied | Stanley Thomson Fraser | Standard security | 1 property | 26/09/1994 | 21/08/2015 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 15/09/1994 | 11/11/2015 | |
| satisfied | Stanley Thomson Fraser | Bond & floating charge | 1 property | 14/09/1994 | 21/08/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (115 total)
gazette-dissolved-compulsory
gazette · GAZ2
2023-08-15
gazette-notice-compulsory
gazette · GAZ1
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2020-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-08-21