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
£3.7m
-15.6% vs 2024
Net assets
£11m
-44.7% lowest in 5 filed years
Employees
402
-5.9% vs 2024
Profit before tax
-£8m
-506.8% lowest in 5 filed years
Net assets
5-year trend · vs Consumer Staples median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £47,711,067 | £54,527,345 | £67,135,736 | £95,290,526 | £80,385,619 | -15.6% | |
| Operating profit | £1,355,704 | -£2,640,157 | -£782,081 | £2,480,166 | -£7,480,314 | -401.6% | |
| Profit before tax | £1,067,369 | -£2,821,719 | -£1,066,066 | £1,969,052 | -£8,009,536 | -506.8% | |
| Net profit | £1,171,682 | -£2,404,304 | -£760,598 | £325,585 | -£8,826,086 | -2,810.8% | |
| Cash | £3,778,369 | £451,333 | £6,526,011 | £4,331,914 | £3,653,971 | -15.6% | |
| Total assets less current liabilities | £28,334,360 | £26,689,899 | £42,893,051 | £43,631,558 | £40,096,499 | -8.1% | |
| Net assets | £22,587,953 | £20,183,649 | £19,423,051 | £19,748,636 | £10,922,550 | -44.7% | |
| Equity | £22,587,953 | £20,183,649 | £19,423,051 | £19,748,636 | £10,922,550 | -44.7% | |
| Average employees | 205 | 221 | 242 | 427 | 402 | -5.9% | |
| Wages | — | — | £9,728,988 | £17,638,273 | £18,753,411 | +6.3% | |
| Directors' remuneration | — | — | £298,895 | £235,990 | £160,061 | -32.2% | |
| Highest paid director | — | — | £298,895 | £235,990 | £160,061 | -32.2% |
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 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 2.8% | -4.8% | -1.2% | 2.6% | -9.3% | |
| Net margin | 2.5% | -4.4% | -1.1% | 0.3% | -11.0% | |
| Return on capital employed | 4.8% | -9.9% | -1.8% | 5.7% | -18.7% | |
| Gearing (liabilities / total assets) | 29.5% | 39.8% | 64.2% | 62.7% | 78.9% | |
| Current ratio | — | — | 2.92x | 3.25x | 2.57x | |
| Interest cover | 4.68x | -14.42x | -2.67x | 4.58x | -13.66x |
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
“At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting.”
Significant events
- “On 28 March 2025 the company ceased renting the property and began using the property for operations. The directors do not believe there has been any material change in the fair value of the property from the revaluation date to the date of transfer.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CAWTHORNE, James Neil | Director | 2026-07-01 | Mar 1974 | British |
| 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 |
|---|---|---|---|---|
| Mr Benno Eigenmann | Individual | Significant influence | 2026-06-01 | Active |
| Mr Heinz Risi | Individual | Significant influence | 2026-06-01 | Active |
| Dr Jurg Waeffler | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Ceased 2020-12-31 |
| Dr Christoph Ebersberg | Individual | Shares 75–100% (as trust), Voting 75–100% (as trust) | 2016-04-06 | Ceased 2020-05-16 |
| 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 |
Filing timeline
Last 20 of 165 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-28 | AA | accounts | Accounts with accounts type full | |
| 2026-08-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-08-03 | PSC01 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-07-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-27 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-07-03 | AP01 | officers | Appoint person director company with name date | |
| 2026-06-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 8
- Capital events
- 0
- Officers appointed
- 1
- 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.