EKO BAKERY LTD

💤Zombieactive
14645882 · ltd · incorporated 2023-02-07
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 Feb 2025
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 60/100. 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
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
Network not yet resolved
30
Filing history
12 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
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£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-03-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2023-11-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2023-07-30
    ARAMIDE, Temidayo Abayomi resigned
    director
  6. 2023-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-02-07
    🏢
    Company incorporated
    As EKO BAKERY LTD
  11. 2023-02-07
    ASHAOLU, Adekunle Sunday appointed
    director
  12. 2023-02-07
    ARAMIDE, Temidayo Abayomi appointed
    director
  13. 2023-02-07
    📄
    incorporation-company
    incorporation · NEWINC

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

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: 2026-03-21

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Adekunle Sunday Ashaolu
Individual · Nigerian · DOB 02/1982 · age 44
5075%
25–50%50-75% shares · 50-75% voting07/02/2023
1 historic (ceased) PSC
  • Mr Temidayo Abayomi Aramideceased 01/03/2024· 50-75% shares · 50-75% voting

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 →
🔒Tailored diligence questions

9 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
Incorporated2023-02-07
Jurisdictionwales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

94a Commercial Street
Newport
Wales
NP20 1LU
Wales

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-21OVERDUE
Last: 2025-03-07

Officers (1 active · 1 resigned)

ASHAOLU, Adekunle Sunday
director · ~44y · appointed 2023-02-07
View their other companies + combined net worth →
Active
ARAMIDE, Temidayo Abayomi
director · ~42y · appointed 2023-02-07 · resigned 2023-07-30
Resigned

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

Recent filings (12 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
accounts-with-accounts-type-dormant
accounts · AA
2024-03-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-04
termination-director-company-with-name-termination-date
officers · TM01
2023-11-15
change-person-director-company-with-change-date
officers · CH01
2023-02-15
change-person-director-company-with-change-date
officers · CH01
2023-02-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-14
incorporation-company
incorporation · NEWINC
2023-02-07