AFRICCON LIMITED

🏛️Establishedactive
12545933 · ltd · incorporated 2020-04-03
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 Apr 2025
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Retail sale via mail order houses or via Internet
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 73110Advertising agencies
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. 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, 2 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
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
77
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30

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
4
filings
  • 2 officers
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-02-12
    MAKONZA, Coswell Junior resigned
    director
  2. 2026-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-25
    OGUNADE, Adekunle Adeyemi resigned
    director
  4. 2026-01-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2026-01-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-01-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-11-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-05-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-05-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-05-01
    OGUNADE, Adekunle Adeyemi appointed
    director
  13. 2022-01-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2022-01-29
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2022-01-23
    NCUBE, Innocent Bongesani appointed
    director
  16. 2022-01-23
    MAKONZA, Coswell Junior appointed
    director
  17. 2022-01-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2020-04-03
    🏢
    Company incorporated
    As AFRICCON LIMITED
  19. 2020-04-03
    MHLABA, Ntokozo Sinclair appointed
    director
  20. 2020-04-03
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MAKONZA, Coswell Junior resigned 2026-02-12; OGUNADE, Adekunle Adeyemi resigned 2026-01-25

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ntokozo Sinclair Mhlaba
Individual · British · DOB 09/1978 · age 48
sig. influencesignificant influence03/04/2020

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

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
Incorporated2020-04-03
Jurisdictionengland-wales
Primary SIC47910 — Retail sale via mail order houses or via Internet

Registered office

30 Hogarth Close
Durham
DH7 7SA
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-26
Last: 2026-02-12

Officers (2 active · 2 resigned)

MHLABA, Ntokozo Sinclair
director · ~48y · appointed 2020-04-03
View their other companies + combined net worth →
Active
NCUBE, Innocent Bongesani
director · ~36y · appointed 2022-01-23
View their other companies + combined net worth →
Active
MAKONZA, Coswell Junior
director · ~36y · appointed 2022-01-23 · resigned 2026-02-12
Resigned
OGUNADE, Adekunle Adeyemi
director · ~32y · appointed 2022-05-01 · resigned 2026-01-25
Resigned

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

Recent filings (19 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
termination-director-company-with-name-termination-date
officers · TM01
2026-02-12
accounts-with-accounts-type-dormant
accounts · AA
2026-01-25
termination-director-company-with-name-termination-date
officers · TM01
2026-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-dormant
accounts · AA
2025-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-03
change-person-director-company-with-change-date
officers · CH01
2022-11-14
change-person-director-company-with-change-date
officers · CH01
2022-05-13
appoint-person-director-company-with-name-date
officers · AP01
2022-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-24
appoint-person-director-company-with-name-date
officers · AP01
2022-01-29