1ST BORN TRADING LTD

💤Zombieactive
06137427 · ltd · incorporated 2007-03-05
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 Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 02400
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 62020Information technology consultancy activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 85/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 12.7y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 12.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · IFRS
Metric2025-03-31
Average employees100

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
0
filings
Last 180 days
5
filings
  • • 1 address
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-18
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  2. 2025-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2025-01-24
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-01-23
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2023-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-12-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-12-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2021-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-09-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-05-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-05-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-05-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2021-05-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2021-02-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2021-02-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2016-05-31
    🔓
    Charge satisfied #1
  21. 2015-09-22
    ➖
    TADELE, Assefa resigned
    secretary
  22. 2013-08-09
    🔒
    Charge registered #1
    Lender: Synergy in Trade LTD
  23. 2013-02-28
    ➕
    TADELE, Assefa appointed
    secretary
  24. 2013-02-27
    ➖
    BELLINGHAM, Alaric Michael John resigned
    secretary
  25. 2008-06-18
    ➕
    BELLINGHAM, Alaric Michael John appointed
    secretary
  26. 2008-06-18
    ➖
    TADELE, Assefa resigned
    secretary
  27. 2007-03-05
    🏢
    Company incorporated
    As 1ST BORN TRADING LTD
  28. 2007-03-05
    ➕
    FASINA, Babasola Adebowale appointed
    director
  29. 2007-03-05
    ➕
    TADELE, Assefa appointed
    secretary

Owner dependency

85/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Babasola Adebowale Fasina
Individual · British · DOB 02/1971 · age 55
75–100%
75–100%board control75-100% shares · 75-100% voting · board control05/03/2017

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

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
Incorporated2007-03-05
Jurisdictionengland-wales
Primary SIC02400 — SIC 02400

Registered office

C/O Nti Accountants 222 Bon Marche Centre
241-251 Ferndale Road
London
SW9 8BJ
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (1 active · 3 resigned)

FASINA, Babasola Adebowale→
director · ~55y · appointed 2007-03-05
View their other companies + combined net worth →
Active
BELLINGHAM, Alaric Michael John→
secretary · appointed 2008-06-18 · resigned 2013-02-27
Resigned
TADELE, Assefa→
secretary · appointed 2013-02-28 · resigned 2015-09-22
Resigned
TADELE, Assefa→
secretary · appointed 2007-03-05 · resigned 2008-06-18
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Synergy in Trade
Synergy in Trade LTD
A registered charge1 property09/08/201331/05/2016

Recent filings (69 total)

change-sail-address-company-with-old-address-new-address
address · AD02
2025-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-18
change-person-director-company-with-change-date
officers · CH01
2025-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-16
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-01-24
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-13
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-01-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-15
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-06