DRIVEN BY CAKE LTD

🌿Early-stageactive
SC759540 · ltd · incorporated 2023-02-20
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 Mar 2025
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Wholesale of other food, including fish, crustaceans and molluscs
Sector: Wholesale & retail
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 (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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 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

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

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-12-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-05-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-03-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-10-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-10-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2023-10-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-10-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-03-14
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2023-02-20
    🏢
    Company incorporated
    As DRIVEN BY CAKE LTD
  13. 2023-02-20
    CORSON, Steven James appointed
    director
  14. 2023-02-20
    CORSON, Vicky appointed
    director
  15. 2023-02-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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: 2026-03-05

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven James Corson
Individual · British · DOB 01/1979 · age 47
2550%
25–50%25-50% shares · 25-50% voting20/02/2023
Mrs Vicky Corson
Individual · British · DOB 09/1984 · age 42
2550%
25–50%25-50% shares · 25-50% voting20/02/2023

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

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
Incorporated2023-02-20
Jurisdictionscotland
Primary SIC46380 — Wholesale of other food, including fish, crustaceans and molluscs

Registered office

The Business Centre 165 Brook Street
Broughty Ferry
Dundee
DD5 1DJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-03-05OVERDUE
Last: 2025-02-19

Officers (2 active · 0 resigned)

CORSON, Steven James
director · ~47y · appointed 2023-02-20
View their other companies + combined net worth →
Active
CORSON, Vicky
director · ~42y · appointed 2023-02-20
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-25
gazette-filings-brought-up-to-date
gazette · DISS40
2025-03-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-06
gazette-notice-compulsory
gazette · GAZ1
2025-01-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
change-person-director-company-with-change-date
officers · CH01
2023-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-11
change-person-director-company-with-change-date
officers · CH01
2023-10-11
change-account-reference-date-company-current-extended
accounts · AA01
2023-03-14
incorporation-company
incorporation · NEWINC
2023-02-20