AFROGROCERS LTD

💤Zombieactive
08919311 · ltd · incorporated 2014-03-03
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 Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Wholesale of meat and meat products
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46342SIC 46342
  • 46390Non-specialised wholesale of food, beverages and tobacco
  • 47190Other retail sale in non-specialised stores
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (80/100)

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

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 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
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees12001200

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-12-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-04-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2021-04-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-04-03
    ➖
    AKANDE, Hannah Adejumoke resigned
    director
  10. 2021-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-03-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-11-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-03-03
    🏢
    Company incorporated
    As AFROGROCERS LTD
  18. 2014-03-03
    ➕
    AKANDE, Adeoluwa Joel appointed
    director
  19. 2014-03-03
    ➕
    AKANDE, Hannah Adejumoke appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

58/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Adeoluwa Joel Akande
Individual · British · DOB 06/1974 · age 52
75–100%
—75-100% shares03/03/2017
1 historic (ceased) PSC
  • Ms Hannah Adejumoke Akandeceased 03/04/2021· significant influence

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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03721755 · est 1999 · no financials extracted
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06511565 · est 2008 · no financials extracted
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09331843 · est 2014 · no financials extracted
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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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.

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Company details

Statusactive
Typeltd
Incorporated2014-03-03
Jurisdictionengland-wales
Primary SIC46320 — Wholesale of meat and meat products

Registered office

Unit C Curtis Building
4 Berking Avenue
Leeds
LS9 9LF
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (1 active · 1 resigned)

AKANDE, Adeoluwa Joel→
director · ~52y · appointed 2014-03-03
View their other companies + combined net worth →
Active
AKANDE, Hannah Adejumoke→
director · ~43y · appointed 2014-03-03 · resigned 2021-04-03
Resigned

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

Recent filings (28 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-04-13
termination-director-company-with-name-termination-date
officers · TM01
2021-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-27