ECON LIMITED
🌿Early-stageactive
SC790902 · ltd · incorporated 2023-11-29
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£1.0k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
PursueAsset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.
Opportunity 66/100 (strong), bankability 70/100. 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 (58/100).
Data confidence
Overall: medium (70/100)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
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,028
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£1k
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 |
|---|---|
| Total assets | £1.0k |
| Net assets | £1.0k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2025-10-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-10-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-09-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-19➖SANNI, Olawale resigneddirector
- 2025-08-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-07-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-07-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-06-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-06-10➕OKE, Confidence Kevin appointeddirector
- 2025-06-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-05-31📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-31📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-05-27➖OMALE, Emmanuel Ayiebaemi resigneddirector
- 2025-05-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-05-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-04-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-04-30📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-23➖OKE, Confidence Kevin resigneddirector
- 2025-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-24➕SANNI, Olawale appointeddirector
- 2023-11-29🏢Company incorporatedAs ECON LIMITED
- 2023-11-29➕OKE, Confidence Kevin appointeddirector
- 2023-11-29➕OMALE, Emmanuel Ayiebaemi appointeddirector
- 2023-11-29📄incorporation-companyincorporation · NEWINC
Owner dependency
80/100
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.
- +Young company: Only 2.4 years old — management layer unlikely to be developed.
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
1 med · 1 low2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: OMALE, Emmanuel Ayiebaemi resigned 2025-05-27; SANNI, Olawale resigned 2025-09-19
Multiple registered office changes
lowMultiple 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 |
|---|---|---|---|---|
Mrs Confidence Kevin Oke Individual · Nigerian · DOB 05/1993 · age 33 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 23/06/2025 |
4 historic (ceased) PSCs
- Mr Emmanuel Ayiebaemi Omaleceased 26/06/2025· 50-75% voting · board control
- Mr Olawale Sanniceased 19/09/2025· 25-50% shares
- Mr Emmanuel Ayiebaemi Omaleceased 02/05/2025· 25-50% shares · 25-50% voting · board control
- Mrs Confidence Kevin Okeceased 28/04/2025· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| D.S. CARRIERS LTD.→ SC353512 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| DJ TURNER SERVICES LTD→ SC830883 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ERIC DELIVERY LIMITED→ SC880785 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ESMART RENTALS LIMITED→ SC750505 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| F CALLAGHAN TRANSPORT LTD→ SC751616 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FALCON TECH EXPORT LTD→ SC812312 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FAST AND FAIR TRANSPORT LTD→ SC866865 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FAST TRACK AIRPORT TRANSFER LTD→ SC821251 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FERGUSON’S MAN & VAN + FURNITURE LTD→ SC668085 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FIRST GLASGOW (NO.2) LIMITED→ SC127012 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| FISHERS COOPERAGE (STORE) LIMITED→ SC658965 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| FIVE STAR FORWARDING & LOGISTICS LTD.→ SC197922 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2023-11-29
Jurisdictionscotland
Primary SIC49410 — Freight transport by road
Registered office
Clyde Offices 2nd Floor 48 West George Street
Glasgow
G2 1BP
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-09
Last: 2025-10-26
Officers (1 active · 3 resigned)
OKE, Confidence Kevin→
Activedirector · ~33y · appointed 2025-06-10
View their other companies + combined net worth →
OKE, Confidence Kevin→
Resigneddirector · ~33y · appointed 2023-11-29 · resigned 2025-04-23
OMALE, Emmanuel Ayiebaemi→
Resigneddirector · ~33y · appointed 2023-11-29 · resigned 2025-05-27
SANNI, Olawale→
Resigneddirector · ~38y · appointed 2025-02-24 · resigned 2025-09-19
Click a director name to see their full track record across all companies.
Recent filings (25 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-01
termination-director-company-with-name-termination-date
officers · TM01
2025-09-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-07-03
appoint-person-director-company-with-name-date
officers · AP01
2025-06-23
termination-director-company-with-name-termination-date
officers · TM01
2025-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-06-07
change-person-director-company-with-change-date
officers · CH01
2025-05-31
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-13