AFC SYSTEMS LIMITED
Opportunity 67/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: strategic trade sale (65/100).
Data confidence
Overall: low (54/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 accounts
- • 1 accounts
Corporate timeline (18 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-05-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-03-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-04-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-09-25📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2017-09-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-04-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-01-04🏢Company incorporatedAs AFC SYSTEMS LIMITED
- 2008-01-04➕MAGORO, Hauwa appointedsecretary
- 2008-01-04➕ODUNAIKE, Oluwapamilerin Olurotimi appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 19 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 19 years.
- secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-06-05
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Oluwapamilerin Olurotimi Odunaike Individual · British · DOB 08/1977 · age 49 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 07/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Officers (2 active · 0 resigned)
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