ADVANCED FORKLIFT SERVICES (MIDLANDS) LIMITED

🌳Matureactive
01145507 · ltd · incorporated 1973-11-14
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 38.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
£43.4k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 38.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 38.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
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
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £43,438
Net assets shrinking
Down £26,503 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£43k
↓ 38% YoY
Current Assets
£77k
↑ 39% YoY
Current Liabilities
—
£0£15k£31k£46k£61k£77kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-12-312024-12-31
Total assets£86.9k£151.5k
Current assets£76.7k£55.0k
Net assets£43.4k£69.9k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 confirmation-statement
  • • 1 accounts
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-01-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-01-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-07-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-05-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-03-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-04-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-03-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2018-10-19
    ➕
    MORRIS, Steven appointed
    director
  16. 2018-10-19
    ➕
    ROBINS, Joseph appointed
    director
  17. 2018-10-19
    ➖
    KEY, Christine Elizabeth resigned
    secretary
  18. 2018-10-19
    ➖
    KEY, Alan John resigned
    director
  19. 2018-10-19
    ➖
    KEY, Christine Elizabeth resigned
    director
  20. 2018-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 1999-12-31
    ➕
    KEY, Christine Elizabeth appointed
    secretary
  23. 1999-12-31
    ➖
    KEY, David Alfred resigned
    secretary
  24. 1999-12-31
    ➕
    KEY, Christine Elizabeth appointed
    director
  25. 1999-12-31
    ➖
    KEY, David Alfred resigned
    director
  26. 1987-11-30
    🔒
    Charge registered #1
    Lender: Barclays Bank PLC
  27. 1973-11-14
    🏢
    Company incorporated
    As ADVANCED FORKLIFT SERVICES (MIDLANDS) LIMITED

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 53 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 low
Multiple registered office changes
low

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven Morris
Individual · British · DOB 03/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting19/10/2018
Mr Joseph Robins
Individual · British · DOB 04/1981 · age 45
—25–50%25-50% voting19/10/2018
1 historic (ceased) PSC
  • Mr Alan John Keyceased 19/10/2018· 75-100% shares · 75-100% voting

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

6 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
Incorporated1973-11-14
Jurisdictionengland-wales
Primary SIC77390 — Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Registered office

Unit 1, Tib Hall Farm Foul End
Hurley
Atherstone
CV9 2JN
England

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2027-05-05
Last: 2026-04-21

Officers (2 active · 5 resigned)

MORRIS, Steven→
director · ~55y · appointed 2018-10-19
View their other companies + combined net worth →
Active
ROBINS, Joseph→
director · ~45y · appointed 2018-10-19
View their other companies + combined net worth →
Active
KEY, Christine Elizabeth→
secretary · appointed 1999-12-31 · resigned 2018-10-19
Resigned
KEY, David Alfred→
secretary · resigned 1999-12-31
Resigned
KEY, Alan John→
director · ~71y · resigned 2018-10-19
Resigned
KEY, Christine Elizabeth→
director · ~71y · appointed 1999-12-31 · resigned 2018-10-19
Resigned
KEY, David Alfred→
director · ~87y · resigned 1999-12-31
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Debenture1 property30/11/1987—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (108 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-26
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15