AFAN CONSTRUCTION LIMITED
- 42130SIC 42130
- 42990Construction of other civil engineering projects n.e.c.
Opportunity 70/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (38/100).
Refinance opportunity
12 live charges · 6 lenders · oldest 38.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 38.0 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 |
|---|---|---|
| Average employees | 2200 | 1900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (51 events)Click to expand
- 2025-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-10-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-10-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-10-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-10-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-13📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-10-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-10-06➕JEREMIAH, David Rhys appointedsecretary
- 2025-10-06➕JEREMIAH, David Rhys appointeddirector
- 2025-10-06➖EVANS, Pamela Margaret resignedsecretary
- 2025-10-06➖EVANS, David Wynne resigneddirector
- 2025-10-06➖EVANS, Pamela Margaret resigneddirector
- 2025-02-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-24📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-10-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-09-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-09-18🔓Charge satisfied #11
- 2024-08-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-08-23🔓Charge satisfied #10
- 2024-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-03-06🔓Charge satisfied #12
- 2017-02-28🔓Charge satisfied #9
- 2017-02-28🔓Charge satisfied #8
- 2017-02-28🔓Charge satisfied #7
- 2017-02-28🔓Charge satisfied #6
- 2017-02-28🔓Charge satisfied #5
- 2017-02-28🔓Charge satisfied #4
- 2015-12-14🔒Charge registered #12Lender: Lloyds Bank PLC
- 2015-12-07🔒Charge registered #11Lender: Lloyds Bank PLC
- 2015-04-20🔒Charge registered #10Lender: Ceredigion County Council
- 2011-09-07🔓Charge satisfied #3
- 2011-09-07🔓Charge satisfied #2
- 2011-09-07🔓Charge satisfied #1
- 2007-12-14🔒Charge registered #9Lender: Hsbc Bank PLC
- 2006-07-10🔒Charge registered #8Lender: Hsbc Bank PLC
- 2001-05-21🔒Charge registered #7Lender: Hsbc Bank PLC
- 2000-08-04🔒Charge registered #6Lender: Hsbc Bank PLC
- 1999-09-16🔒Charge registered #5Lender: Midland Bank PLC
- 1999-07-15🔒Charge registered #4Lender: Midland Bank PLC
- 1993-02-09🔒Charge registered #3Lender: Barclays Bank PLC
- 1993-02-09🔒Charge registered #2Lender: Secretary of State for Wales
- 1988-06-15🔒Charge registered #1Lender: Barclays Bank PLC
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
2 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: EVANS, Pamela Margaret resigned 2025-10-06; EVANS, David Wynne resigned 2025-10-06; EVANS, Pamela Margaret resigned 2025-10-06
Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Jeremiah Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Jeremiah Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/10/2025 |
Mr David Rhys Jeremiah Individual · British · DOB 11/1983 · age 43 | — | — | sig. influencesignificant influence | 06/10/2025 |
3 historic (ceased) PSCs
- Afan Construction Services Limitedceased 06/10/2025· 75-100% shares · 75-100% voting · board control
- Mr David Wynne Evansceased 06/10/2025· significant influence
- Mrs Pamela Margaret Evansceased 06/10/2025· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
Active · Construction · SY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADAPTLIVE LIMITED→ 15320512 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADD2YOURHOME LIMITED→ 15822257 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADRIAN GREEN CONSULTING LIMITED→ 11242228 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ADS ELECTRICAL SHREWSBURY LIMITED→ 11064742 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADZE-TECH LIMITED→ 03016637 · est 1995 · no financials extracted | — | — | — | — | 31y | — | — |
| AEDION LIMITED→ 12504275 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AEQUUS LAND LUDLOW LIMITED→ 06695650 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| AEROGLIDE ROLLERDOOR SYSTEMS LTD→ 17060312 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| AFAN ELECTRICAL LIMITED→ 04596255 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| AG CORDERO LIMITED→ 10128836 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| AG TRADING SERVICES LTD→ 16100152 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AHE REFRIGERATION & ELECTRICAL LTD→ 08782569 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 14/12/2015 | 06/03/2022 | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 1 property | 07/12/2015 | 18/09/2024 | |
| satisfied | Ceredigion County Council | A registered charge | 1 property | 20/04/2015 | 23/08/2024 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 14/12/2007 | 28/02/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 10/07/2006 | 28/02/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 21/05/2001 | 28/02/2017 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 04/08/2000 | 28/02/2017 | |
| satisfied | Midland Bank Midland Bank PLC | Legal mortgage | 1 property | 16/09/1999 | 28/02/2017 | |
| satisfied | Midland Bank Midland Bank PLC | Debenture | 1 property | 15/07/1999 | 28/02/2017 | |
| satisfied | Barclays Barclays Bank PLC | Legal charge | 1 property | 09/02/1993 | 07/09/2011 | |
| satisfied | Secretary of State for Wales | Conveyance | 1 property | 09/02/1993 | 07/09/2011 | |
| satisfied | Barclays Barclays Bank PLC | Debenture | 1 property | 15/06/1988 | 07/09/2011 |