ABFS2 LIMITED
Opportunity 73/100 (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 (73/100).
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (37 events)Click to expand
- 2025-07-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-07-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-22📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-22📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-07-22📄administrative-restoration-companyrestoration · RT01
- 2025-07-15➖NELSON, Deanne resigneddirector
- 2025-07-15➖SIMPSON, Paul resigneddirector
- 2025-07-15➖SPRINGER, Kwamina resigneddirector
- 2025-06-03➖DUNBAR, Simon resigneddirector
- 2025-06-03➖FABUNMI, Akkem resigneddirector
- 2025-06-03📄gazette-dissolved-compulsorygazette · GAZ2
- 2025-03-18📄gazette-notice-compulsorygazette · GAZ1
- 2025-02-04📍default-companies-house-registered-office-address-appliedaddress · RP05
- 2025-02-04📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-02-04📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-02-04📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-02-04📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-02-04📍default-companies-house-service-address-applied-pscaddress · RP10
- 2024-07-01➕NELSON, Deanne appointeddirector
- 2023-09-01➕SPRINGER, Kwamina appointeddirector
- 2023-05-01➕DUNBAR, Simon appointeddirector
- 2022-05-31➖JOHNSON, Paul resigneddirector
- 2022-02-07➕SIMPSON, Paul appointeddirector
- 2021-11-08➕FABUNMI, Akkem appointeddirector
- 2021-11-08➕JOHNSON, Paul appointeddirector
- 2021-11-01➖FABUNMI-STONE, Ade resignedsecretary
- 2020-11-16🏢Company incorporatedAs ABFS2 LIMITED
- 2020-11-16➕FABUNMI-STONE, Adekunbi Ibrahim appointeddirector
- 2020-11-16➕FABUNMI-STONE, Ade appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med · 1 lowMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: DUNBAR, Simon resigned 2025-06-03; FABUNMI, Akkem resigned 2025-06-03; NELSON, Deanne resigned 2025-07-15
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Adekunbi Fabunmi-Stone Individual · British · DOB 03/1964 · age 62 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 16/11/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 7 resigned)
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