THE ASANTE'S AFRICAN FOODS SUPPLY LTD
💤Zombieactive
SC595998 · ltd · incorporated 2018-05-02
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 May 2025
Net worth
£-8.6k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Other food services
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -69% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £8,557
Cash draining
Cash down 69% YoY
Cash YoY
-69%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£426
↓ 69% YoY
Net Worth
-£9k
↓ 101% YoY
Current Assets
£2k
↓ 58% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-8.6k | £-4.3k |
| Current assets | £2.5k | £5.9k |
| Cash | £426 | £1.4k |
| Debtors | — | £379 |
| Net assets | £-8.6k | £-4.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-02-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-16📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2025-02-25📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-07-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-07-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-25📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-07-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-07-07📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-07-01➕ASANTE, Favour Blessing C appointeddirector
- 2023-07-01➖BOATENG, Emmanuel resigneddirector
- 2023-03-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-11-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-07📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-18📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-08-16📄gazette-notice-compulsorygazette · GAZ1
- 2022-05-27➖ASANTE, Favour Blessing C resigneddirector
- 2022-05-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-05-01➕BOATENG, Emmanuel appointeddirector
- 2018-05-02🏢Company incorporatedAs THE ASANTE'S AFRICAN FOODS SUPPLY LTD
- 2018-05-02➕ASANTE, Favour Blessing C appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "ASANTE" — strong identity link between founder and business.
Succession & seller-readiness
45/100
Moderate signalSome 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Favour Blessing C Asante Individual · British · DOB 04/1971 · age 55 | — | — | sig. influencesignificant influence | 01/07/2023 |
2 historic (ceased) PSCs
- Mr Emmanuel Boatengceased 01/07/2023· significant influence
- Ms Favour Blessing C Asanteceased 27/05/2022· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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| TIGER XUE LIMITED→ SC692137 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| TIMENYS PROPERTIES LTD→ SC763000 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| TMB ENTERTAINMENT LIMITED→ SC876775 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TPS SCOTLAND LIMITED→ SC355514 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| TRATTORIA ROMA TRADING LTD→ SC878706 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TRDJ LTD→ SC637878 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TRUST ME COMPANY LIMITED→ SC089268 · est 1984 · no financials extracted | — | — | — | — | 41y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2018-05-02
Jurisdictionscotland
Primary SIC56290 — Other food services
Registered office
381/383 Great Western Road
Glasgow
G4 9HY
Scotland
Filing status
Accounts
Next due: 2027-02-25
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01
Officers (1 active · 2 resigned)
ASANTE, Favour Blessing C→
Activedirector · ~55y · appointed 2023-07-01
View their other companies + combined net worth →
ASANTE, Favour Blessing C→
Resigneddirector · ~55y · appointed 2018-05-02 · resigned 2022-05-27
BOATENG, Emmanuel→
Resigneddirector · ~27y · appointed 2019-05-01 · resigned 2023-07-01
Click a director name to see their full track record across all companies.
Recent filings (37 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-05-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-25
termination-director-company-with-name-termination-date
officers · TM01
2023-07-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-25
appoint-person-director-company-with-name-date
officers · AP01
2023-07-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-31