AFTERSET LIMITED

💤Zombieactive
02435192 · ltd · incorporated 1989-10-23
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£617
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. 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 (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
85 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
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 £617

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£617
~ YoY
Current Assets
£3k
~ YoY
Current Liabilities
—
£0£675£1k£2k£3k£3kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£617£617
Current assets£3.4k£3.4k
Net assets£617£617

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 (21 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-11-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2019-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-10-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2017-08-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-11-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-11-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2014-12-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2009-11-19
    ➖
    NICOLAOU, Roland resigned
    secretary
  17. 1993-10-23
    ➕
    NICOLAOU, Roland appointed
    secretary
  18. 1993-10-23
    ➖
    NICOLAOU, Roland resigned
    director
  19. 1992-12-01
    ➖
    RENKIN, Peter Ronald resigned
    secretary
  20. 1992-12-01
    ➕
    NICOLAOU, Roland appointed
    director
  21. 1989-10-23
    🏢
    Company incorporated
    As AFTERSET LIMITED

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nick Nicolaou
Individual · British · DOB 05/1962 · age 64
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated1989-10-23
Jurisdictionengland-wales
Primary SIC99999 — SIC 99999

Registered office

Raydean House Western Parade, Great North Road
New Barnet
Barnet
Hertfordshire
EN5 1AH

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-20
Last: 2025-10-06

Officers (1 active · 3 resigned)

NICOLAOU, Nicholas→
director · ~64y
View their other companies + combined net worth →
Active
NICOLAOU, Roland→
secretary · appointed 1993-10-23 · resigned 2009-11-19
Resigned
RENKIN, Peter Ronald→
secretary · resigned 1992-12-01
Resigned
NICOLAOU, Roland→
director · ~73y · appointed 1992-12-01 · resigned 1993-10-23
Resigned

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

Recent filings (85 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-17