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
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Asset-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 declared
Positive net assets
Net assets £1,028

Key financials

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

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-30
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
  1. 2025-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-10-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-09-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-09-19
    ➖
    SANNI, Olawale resigned
    director
  6. 2025-08-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2025-07-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2025-07-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2025-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2025-06-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-06-10
    ➕
    OKE, Confidence Kevin appointed
    director
  12. 2025-06-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-06-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2025-05-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2025-05-31
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2025-05-27
    ➖
    OMALE, Emmanuel Ayiebaemi resigned
    director
  17. 2025-05-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2025-05-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2025-05-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2025-05-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2025-05-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2025-05-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  23. 2025-04-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2025-04-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2025-04-23
    ➖
    OKE, Confidence Kevin resigned
    director
  26. 2025-03-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2025-02-24
    ➕
    SANNI, Olawale appointed
    director
  28. 2023-11-29
    🏢
    Company incorporated
    As ECON LIMITED
  29. 2023-11-29
    ➕
    OKE, Confidence Kevin appointed
    director
  30. 2023-11-29
    ➕
    OMALE, Emmanuel Ayiebaemi appointed
    director
  31. 2023-11-29
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +Young company: Only 2.5 years old — management layer unlikely to be developed.

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 med · 1 low
2 director resignations in last 12 months
medium

Multiple 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
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
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 interest23/06/2025
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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——827y8261y
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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 →
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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→
director · ~33y · appointed 2025-06-10
View their other companies + combined net worth →
Active
OKE, Confidence Kevin→
director · ~33y · appointed 2023-11-29 · resigned 2025-04-23
Resigned
OMALE, Emmanuel Ayiebaemi→
director · ~33y · appointed 2023-11-29 · resigned 2025-05-27
Resigned
SANNI, Olawale→
director · ~38y · appointed 2025-02-24 · resigned 2025-09-19
Resigned

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