AFRICA RESOURCES CO. LTD

🏛️Establishedactive

11841019 · ltd · incorporated 2019-02-22

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 08990

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 2.4y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Newest facility, 2.4 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (61/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

9 officers (2 active, 9 linked, 6 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

38 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31
Average employees	2

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (41 events)Click to expand

2026-05-08
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2026-04-17
➖
HE, Jing resigned
secretary
2025-12-22
📄
accounts-with-accounts-type-small
accounts · AA
2025-03-27
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-11-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-30
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2024-10-30
✏️
change-of-name-notice
change-of-name · CONNOT
2024-08-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-24
🔓
Charge satisfied #1
2024-08-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-08-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-09
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-09
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-08-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-08-08
➕
HUANG, Ping appointed
director
2024-08-08
➕
LU, Shasha appointed
director
2024-08-08
➖
CANN, Jamie Michael resigned
secretary
2024-08-08
➕
HE, Jing appointed
secretary
2024-08-08
➖
HANCOCK, Mark David resigned
director
2024-08-08
➖
PATARICA, Jozsef Mihaly Janos resigned
director
2024-03-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-02-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-02-12
➖
CHIALO, James Peter resigned
director
2024-02-12
➕
HANCOCK, Mark David appointed
director
2024-01-29
📄
resolution
resolution · RESOLUTIONS
2024-01-29
📄
memorandum-articles
incorporation · MA
2024-01-25
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-01-19
🔒
Charge registered #1
Lender: Global Loan Agency Services Australia Nominees Pty Limited as Trustee
2023-12-20
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-20
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-20
➕
CANN, Jamie Michael appointed
secretary
2023-11-20
➖
GAROFALO, Flavio Lino resigned
secretary
2023-10-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-22
➖
GRAHAM, Luke Edward resigned
director
2023-09-22
➕
PATARICA, Jozsef Mihaly Janos appointed
director
2021-12-08
➕
CHIALO, James Peter appointed
director
2019-02-22
🏢
Company incorporated
As AFRICA RESOURCES CO. LTD
2019-02-22
➕
GAROFALO, Flavio Lino appointed
secretary
2019-02-22
➕
GRAHAM, Luke Edward appointed
director

Owner dependency

66/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

46/100

Moderate signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·

Name changed 2 times

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-10-30: certificate-change-of-name-company; 2024-10-30: change-of-name-notice

Similar companies

Active · Manufacturing · WC postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
A.G.A.JOINERY LTD→ 10405903 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
ADGHAL OILFIELD SUPPLIES LTD→ 16800714 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ADM-INDICIA MARKETING SERVICES HOLDING COMPANY LIMITED→ 13645415 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ADORE FLOORS LIMITED→ 13212215 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ADP SPORTS LTD→ 11896830 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
AEREON UK LTD→ 14883997 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AEROSYS ENGINEERING LTD→ 11549721 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
AEROTECH AIRFIELD LIGHTING LTD→ 14156577 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
AETHEL MINING EUROPE LIMITED→ 11875859 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
AFDRILL LTD→ 12391947 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
AFOSCRAFT LTD→ 14987277 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AFRICAN GREAT LAKES INVESTMENTS LIMITED→ 12490659 · est 2020 · no financials extracted	—	—	—	—	6y	—	—

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

🔒Tailored diligence questions

6 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

Incorporated2019-02-22

Jurisdictionengland-wales

Primary SIC08990 — SIC 08990

Registered office

6th Floor, Manfield House

1 Southampton Street

London

WC2R 0LR

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-03

Last: 2025-08-20

Officers (2 active · 7 resigned)

HUANG, Ping→

director · ~60y · appointed 2024-08-08

View their other companies + combined net worth →

Active

LU, Shasha→

director · ~53y · appointed 2024-08-08

View their other companies + combined net worth →

Active

CANN, Jamie Michael→

secretary · appointed 2023-11-20 · resigned 2024-08-08

Resigned

GAROFALO, Flavio Lino→

secretary · appointed 2019-02-22 · resigned 2023-11-20

Resigned

HE, Jing→

secretary · appointed 2024-08-08 · resigned 2026-04-17

Resigned

CHIALO, James Peter→

director · ~48y · appointed 2021-12-08 · resigned 2024-02-12

Resigned

GRAHAM, Luke Edward→

director · ~52y · appointed 2019-02-22 · resigned 2023-09-22

Resigned

HANCOCK, Mark David→

director · ~58y · appointed 2024-02-12 · resigned 2024-08-08

Resigned

PATARICA, Jozsef Mihaly Janos→

director · ~56y · appointed 2023-09-22 · resigned 2024-08-08

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Global Loan Agency Services Australia Nominees Pty as Trustee Global Loan Agency Services Australia Nominees Pty Limited as Trustee	A registered charge	—	19/01/2024	24/08/2024

Recent filings (38 total)

termination-secretary-company-with-name-termination-date

officers · TM02

2026-05-08

accounts-with-accounts-type-small

accounts · AA

2025-12-22

confirmation-statement-with-updates

confirmation-statement · CS01

2025-09-10

change-account-reference-date-company-previous-extended

accounts · AA01

2025-03-27

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2024-11-20

certificate-change-of-name-company

change-of-name · CERTNM

2024-10-30

change-of-name-notice

change-of-name · CONNOT

2024-10-30

mortgage-satisfy-charge-full

mortgage · MR04

2024-08-24

confirmation-statement-with-updates

confirmation-statement · CS01

2024-08-22

appoint-person-director-company-with-name-date

officers · AP01

2024-08-12

termination-director-company-with-name-termination-date

officers · TM01

2024-08-09

termination-director-company-with-name-termination-date

officers · TM01

2024-08-09

termination-secretary-company-with-name-termination-date

officers · TM02

2024-08-09

appoint-person-secretary-company-with-name-date

officers · AP03

2024-08-09

appoint-person-director-company-with-name-date

officers · AP01

2024-08-09