AFAKEM LIMITED

💤Zombieactive
11659900 · ltd · incorporated 2018-11-05
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), 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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees100100

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 dissolution
Last 180 days
7
filings
  • 4 accounts
  • 2 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-05-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2026-04-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2026-01-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2026-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2026-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2026-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2026-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2022-11-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2021-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-05
    🏢
    Company incorporated
    As AFAKEM LIMITED
  13. 2018-11-05
    YEKINI, Adewale appointed
    director
  14. 2018-11-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2022-11-18

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Adewale Yekini
Individual · Nigerian · DOB 07/1986 · age 40
sig. influencesignificant influence05/11/2018

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2018-11-05
Jurisdictionengland-wales
Primary SIC96090 — Other service activities n.e.c.

Registered office

Afakem Ltd
Kemp House 152-160 City Road
London
EC1V 2NX
England

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2022-11-18OVERDUE
Last: 2021-11-04

Officers (1 active · 0 resigned)

YEKINI, Adewale
director · ~40y · appointed 2018-11-05
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-15
gazette-notice-compulsory
gazette · GAZ1
2026-04-14
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-11-09
gazette-notice-compulsory
gazette · GAZ1
2022-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-12
incorporation-company
incorporation · NEWINC
2018-11-05