A.F.R.REFRIGERATION LIMITED

📈Growthactive
00993748 · ltd · incorporated 1970-11-06
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.1y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 72190Other research and experimental development on natural sciences and engineering
  • 74100Specialised design activities
Investor take
Pursue
Conservative operator with a 77-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (68/100, director aged 77). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

1 live charge · oldest 20.1y

95/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 20.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
99 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £330,352

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Profit before tax£330.4k£254.7k
Average employees13001500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2024-10-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-10-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-10-25
    REGINIANO, Hilda Mary resigned
    director
  6. 2024-09-02
    MAUGHAN, Patrick Adrian appointed
    director
  7. 2024-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2024-09-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-09-02
    🔓
    Charge satisfied #1
  10. 2024-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-02
    REGINIANO, Rudolph Jack Paul Alfred resigned
    secretary
  15. 2021-03-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2020-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-09-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2006-04-27
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  20. 2003-02-11
    STRAUSS, Michael Jules resigned
    director
  21. 1970-11-06
    🏢
    Company incorporated
    As A.F.R.REFRIGERATION LIMITED

Owner dependency

73/100
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.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Sheco Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Sheco Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
A.F.R.REFRIGERATION LIMITED
This company · 00993748

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Sheco Group Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/10/2024
1 historic (ceased) PSC
  • Af Reginiano Limitedceased 25/10/2024· 75-100% shares

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
Incorporated1970-11-06
Jurisdictionengland-wales
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Units 5 & 6 Delta Park
Smugglers Way
Wandsworth
London
SW18 1EG

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (2 active · 3 resigned)

MAUGHAN, Patrick Adrian
director · ~67y · appointed 2024-09-02
View their other companies + combined net worth →
Active
REGINIANO, Rudolph Jack Paul Alfred
director · ~77y
View their other companies + combined net worth →
Active
REGINIANO, Rudolph Jack Paul Alfred
secretary · resigned 2021-03-02
Resigned
REGINIANO, Hilda Mary
director · ~78y · resigned 2024-10-25
Resigned
STRAUSS, Michael Jules
director · ~90y · resigned 2003-02-11
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
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Debenture1 property27/04/200602/09/2024

Recent filings (99 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-11-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-29
termination-director-company-with-name-termination-date
officers · TM01
2024-10-28
appoint-person-director-company-with-name-date
officers · AP01
2024-09-02
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-17