ABIGLOBAL FOODS LIMITED

💤Zombieactive
07394642 · ltd · incorporated 2010-10-01
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£367.7k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -62% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 5.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 5.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
63 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £367,722
Cash draining
Cash down 62% YoY
Cash YoY
-62%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 62% YoY
Net Worth
£368k
↑ 2.5% YoY
Current Assets
£1.9m
↑ 17% YoY
Current Liabilities
—
£0£372k£745k£1.1m£1.5m£1.9mMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£1.32M£1.51M
Current assets£1.86M£1.59M
Cash£5.7k£15.0k
Debtors£1.20M£1.22M
Net assets£367.7k£358.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-11-07
    🔓
    Charge satisfied #1
  4. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-11-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2023-10-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-05-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-10-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2021-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-10-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2021-10-16
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  16. 2021-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2021-01-20
    📄
    capital-allotment-shares
    capital · SH01
  18. 2021-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-01-20
    📄
    capital-allotment-shares
    capital · SH01
  20. 2020-10-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2020-09-10
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  22. 2018-09-02
    ➖
    ARIKAWE, Iyanu Oluwa resigned
    director
  23. 2018-07-05
    ➖
    ARIKAWE, Maryann Tinuola resigned
    director
  24. 2016-01-04
    ➕
    THOMAS, Abigail Ronke appointed
    director
  25. 2015-11-06
    ➖
    BAJULAIYE, Henry resigned
    director
  26. 2015-10-03
    ➕
    ARIKAWE, Maryann Tinuola appointed
    director
  27. 2015-03-19
    ➕
    ARIKAWE, Iyanu Oluwa appointed
    director
  28. 2015-03-19
    ➕
    BAJULAIYE, Henry appointed
    director
  29. 2015-03-19
    ➖
    THOMAS, Abigail Ronke resigned
    director
  30. 2014-04-14
    ➖
    ADEKOYA, Harris Bajulaiye resigned
    director
  31. 2013-01-31
    ➕
    ADEKOYA, Harris Bajulaiye appointed
    director
  32. 2010-10-01
    🏢
    Company incorporated
    As ABIGLOBAL FOODS LIMITED
  33. 2010-10-01
    ➕
    THOMAS, Abigail Ronke appointed
    director

Owner dependency

90/100
Critical — business is the founder

The 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.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 16 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Fiybit Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Fiybit Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ABIGLOBAL FOODS LIMITED
This company · 07394642

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Fiybit Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control19/10/2023
1 historic (ceased) PSC
  • Ms Abigail Ronke Thomasceased 19/10/2023· 75-100% shares · 75-100% voting · board control · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2010-10-01
Jurisdictionengland-wales
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Unit 2k St.Marks Industrial Estate
439 North Woolwich Road
London
E16 2BS
England

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23

Officers (1 active · 5 resigned)

THOMAS, Abigail Ronke→
director · ~70y · appointed 2016-01-04
View their other companies + combined net worth →
Active
ADEKOYA, Harris Bajulaiye→
director · ~48y · appointed 2013-01-31 · resigned 2014-04-14
Resigned
ARIKAWE, Iyanu Oluwa→
director · ~30y · appointed 2015-03-19 · resigned 2018-09-02
Resigned
ARIKAWE, Maryann Tinuola→
director · ~29y · appointed 2015-10-03 · resigned 2018-07-05
Resigned
BAJULAIYE, Henry→
director · ~48y · appointed 2015-03-19 · resigned 2015-11-06
Resigned
THOMAS, Abigail Ronke→
director · ~70y · appointed 2010-10-01 · resigned 2015-03-19
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
HSBC
Hsbc UK Bank PLC
A registered charge1 property10/09/202007/11/2025

Recent filings (63 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-10-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-09