BRITISH BAKELS LIMITED
British Bakels Limited is a manufacturer and distributor of bakery ingredients and solutions for commercial bakers and patissiers, operating as part of the global Bakels group and encompassing the Renshaw Baking brand.
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Cash
£4.3M
-33.6% vs 2023
Net assets
£20M
+1.7% vs 2023
Employees
427
+76.4% highest in 4 filed years
Profit before tax
£2M
+284.7% highest in 4 filed years
Net assets
4-year trend · vs Consumer Staples median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | £47,711,067 | — | £67,135,736 | £95,290,526 | +41.9% | |
| Operating profit | £1,355,704 | — | -£782,081 | £2,480,166 | +417.1% | |
| Profit before tax | £1,067,369 | -£2,821,719 | -£1,066,066 | £1,969,052 | +284.7% | |
| Net profit | £1,171,682 | -£2,404,304 | -£760,598 | £325,585 | +142.8% | |
| Cash | £3,778,369 | £451,333 | £6,526,011 | £4,331,914 | -33.6% | |
| Total assets less current liabilities | £28,334,360 | £26,689,899 | £42,893,051 | £43,631,558 | +1.7% | |
| Net assets | £22,587,953 | £20,183,649 | £19,423,051 | £19,748,636 | +1.7% | |
| Equity | £22,587,953 | £20,183,649 | £19,423,051 | £19,748,636 | +1.7% | |
| Average employees | 205 | 221 | 242 | 427 | +76.4% | |
| Wages | — | — | £9,728,988 | £17,638,273 | +81.3% | |
| Directors' remuneration | — | — | £298,895 | £235,990 | -21% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | 2.8% | — | -1.2% | 2.6% | |
| Net margin | 2.5% | — | -1.1% | 0.3% | |
| Return on capital employed | 4.8% | — | -1.8% | 5.7% | |
| Current ratio | — | — | 2.92x | 3.25x | |
| Interest cover | 4.68x | — | -2.67x | 4.58x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Shaw Gibbs (Audit) Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Sales increased by 41.94% (2023-23.12%). There are two key drivers being a full year of turnover from the Liverpool manufacturing site and some inflationary increases in selling prices linked to the ongoing high cost of raw materials, energy & wages.”
- “The turnover for the year was at the same time impacted by a significant drop in turnover related to Sainsburys, who had begun a process of closing all in store bakeries (ISB) across their retail estate.”
- “The company invested capital of £2,929k (2023 - £1,684k) toward improving the productive capability of the business to facilitate operational improvements and development of energy efficiencies to help mitigate the high cost of energy, which remains volatile.”
- “Due to the continued impact of the war in Ukraine, the Company has had to react to the operational and financial impacts.”
- “The physical & mental health of our colleagues in conjunction with retention of staff in an already depleted marketplace has become of prime importance.”
- “Whilst COVID 19 is less of an issue, it has not gone away and will likely continue to impact our lives for many years to come and we are confident that our existing stringent hygiene rules continue to provide the necessary protection for our colleagues and the wider business.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GLOGGNER, Patrick Albert | Director | 2019-07-23 | Mar 1966 | Swiss |
| KINNEY, David | Director | 1997-01-01 | Feb 1956 | Irish |
| MORROW, Paul Lawson Thomas | Director | 1994-10-21 | Apr 1955 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ABASS, Aderemi Adetokunbo | Secretary | 2002-04-30 | 2011-08-25 |
| BOCKING, Arlene Mary | Secretary | — | 1996-06-30 |
| WILKINS, Amanda Jayne | Secretary | 1996-07-01 | 2002-04-30 |
| ABASS, Aderemi Adetokunbo | Director | 2010-01-01 | 2011-08-25 |
| DOBBIE, Ian | Director | 2008-10-01 | 2009-01-20 |
| DUNCAN, Ian Martin | Director | 1994-11-01 | 1996-06-30 |
| HOULISTON, Keith | Director | 2000-01-01 | 2025-12-31 |
| KEIR, Alexander James | Director | — | 1995-04-21 |
| PARKER, Bernard Joseph | Director | — | 1996-12-31 |
| PENNINGTON, John Marshall | Director | — | 1998-08-18 |
| RUSELL, Mark | Director | 2006-01-01 | 2007-01-31 |
| ULRICH, Armin | Director | — | 2019-07-23 |
| WESTON, Paul | Director | 1999-01-01 | 2006-03-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Irene Siri Bakels-Noreen | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Active |
| Mr Armin Ulrich | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Active |
| Mr Duncan Loney | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Active |
| Dr Jurg Waeffler | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Active |
| Dr Christoph Ebersberg | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Active |
Filing timeline
Last 20 of 158 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-09-04 | AA | accounts | Accounts with accounts type full | |
| 2025-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-23 | AD02 | address | Change sail address company with new address | |
| 2024-05-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-04-30 | AA | accounts | Accounts with accounts type full | |
| 2023-09-22 | CH01 | officers | Change person director company with change date | |
| 2023-05-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-03-30 | AA | accounts | Accounts with accounts type full | |
| 2022-09-05 | AA | accounts | Accounts with accounts type full | |
| 2022-04-25 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-09-11 | AA | accounts | Accounts with accounts type full | |
| 2021-05-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-24 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2021-01-08 | AA | accounts | Accounts with accounts type full | |
| 2020-05-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2019-10-08 | AA | accounts | Accounts with accounts type full | |
| 2019-08-01 | AP01 | officers | Appoint person director company with name date | |
| 2019-08-01 | TM01 | officers | Termination director company with name termination date | |
| 2019-05-17 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.