AF TRUSTEE LIMITED

💤Zombieactive

02918343 · ltd · incorporated 1994-04-13

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 Aug 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 74/100 (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 (58/100).

Data confidence

Overall: high (81/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

18 officers (2 active, 18 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

10 connected companies via shared directors

Filing history

122 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-08-30	2024-08-31
Average employees	0	0

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

filings

• 1 accounts
• 1 officers
• 1 persons-with-significant-control

Last 90 days

filings

• 1 accounts
• 1 officers
• 1 persons-with-significant-control

Last 180 days

filings

• 2 officers
• 1 accounts
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-05-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2026-05-18
📄
change-person-secretary-company-with-change-date
officers · CH03
2026-05-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-07
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-05-21
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-10-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-10-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-01
➕
MUNSEY, Elizabeth Jane appointed
secretary
2023-09-01
➖
MARSHALL, David resigned
secretary
2023-06-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-01-18
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-01-17
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-12-15
➕
HUGHES, Stephen Glynn appointed
director
2022-12-15
➕
MARSHALL, David appointed
secretary
2022-12-15
➖
RATCLIFFE, Matthew resigned
secretary
2022-12-15
➖
AUSTIN, Neil resigned
director
2022-05-11
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-10-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-11
➖
PELHAM, Hugh Marcus resigned
director
2021-05-05
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-01-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-01-12
➖
DAVIES, Timothy John resigned
director
2021-01-12
➕
PELHAM, Hugh Marcus appointed
director
2016-11-26
➖
WOOD, Katie resigned
secretary
2016-11-25
➕
RATCLIFFE, Matthew appointed
secretary
2013-07-31
➖
HOLMES, Christopher Nigel Couper resigned
director
2013-05-01
➕
AUSTIN, Neil appointed
director
2013-05-01
➖
WOOD, Ronald Chalmers resigned
director
2013-03-01
➕
DAVIES, Timothy John appointed
director
2013-01-01
➕
WOOD, Katie appointed
secretary
2013-01-01
➖
WOOD, Ronald Chalmers resigned
secretary
2002-10-01
➕
HOLMES, Christopher Nigel Couper appointed
director
2001-12-31
➖
CLARKE, Steven Henry resigned
director
2000-05-31
➖
DALTON, Roland Malcolm resigned
secretary
2000-05-31
➕
WOOD, Ronald Chalmers appointed
secretary
2000-05-31
➖
THOMPSON, Robert John resigned
director
2000-05-31
➕
WOOD, Ronald Chalmers appointed
director
1998-11-12
➕
CLARKE, Steven Henry appointed
director
1998-11-12
➕
THOMPSON, Robert John appointed
director
1998-11-12
➖
WEBBER, Christopher Reginald resigned
director
1998-07-03
➖
CARR, Bryan resigned
director
1995-04-13
➖
INHOCO FORMATIONS LIMITED resigned
corporate-nominee-director
1994-11-09
➕
DALTON, Roland Malcolm appointed
secretary
1994-11-09
➖
A B & C SECRETARIAL LIMITED resigned
corporate-nominee-secretary
1994-11-09
➕
CARR, Bryan appointed
director

Showing most recent 50 of 54 events

Owner dependency

75/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

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

clean

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

Group structure

Carrs Billington Agriculture Operations Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Carrs Billington Agriculture Operations Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

AF TRUSTEE LIMITED

This company · 02918343

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%

Name	Shares	Voting rights	Nature of control	Notified
Carrs Billington Agriculture Operations Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Holding company · CA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
106-108 ST LEONARDS ROAD RTM COMPANY LIMITED→ 14015678 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
1816 CROWN PROPERTY LIMITED→ 15636424 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
20 ALDERBROOK ROAD RESIDENTS LIMITED→ 05137061 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
32 MARLBOROUGH BUILDINGS BATH MANAGEMENT COMPANY LIMITED→ 03686615 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
53 ELDER AVENUE LIMITED→ 03126580 · est 1995 · no financials extracted	—	—	—	—	30y	—	—
ADAM JD PROPERTY LTD→ 16488056 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AHL TWO LIMITED→ 16131044 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AINSWORTH FAMILY HOLDINGS LTD→ 15772387 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ALCA HOLDING LIMITED→ 17021704 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ALCHEMIST HOUSING LIMITED→ 13265888 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
ALDERS EDGE (SCOTBY) MANAGEMENT COMPANY LIMITED→ 08818676 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
ALTON STREET (CARLISLE) LIMITED→ 07332684 · est 2010 · no financials extracted	—	—	—	—	15y	—	—

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

Incorporated1994-04-13

Jurisdictionengland-wales

Primary SIC74990 — Non-trading company

Registered office

16 Montgomery Way

Rosehill Industrial Estate

Carlisle

Cumbria

CA1 2UY

England

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-30

Confirmation statement

Next due: 2026-11-10

Last: 2025-10-27

Officers (2 active · 16 resigned)

MUNSEY, Elizabeth Jane→

secretary · appointed 2023-09-01

View their other companies + combined net worth →

Active

HUGHES, Stephen Glynn→

director · ~57y · appointed 2022-12-15

View their other companies + combined net worth →

Active

DALTON, Roland Malcolm→

secretary · appointed 1994-11-09 · resigned 2000-05-31

Resigned

MARSHALL, David→

secretary · appointed 2022-12-15 · resigned 2023-09-01

Resigned

RATCLIFFE, Matthew→

secretary · appointed 2016-11-25 · resigned 2022-12-15

Resigned

WOOD, Katie→

secretary · appointed 2013-01-01 · resigned 2016-11-26

Resigned

WOOD, Ronald Chalmers→

secretary · appointed 2000-05-31 · resigned 2013-01-01

Resigned

A B & C SECRETARIAL LIMITED→

corporate-nominee-secretary · appointed 1994-04-13 · resigned 1994-11-09

Resigned

AUSTIN, Neil→

director · ~51y · appointed 2013-05-01 · resigned 2022-12-15

Resigned

CARR, Bryan→

director · ~90y · appointed 1994-11-09 · resigned 1998-07-03

Resigned

CLARKE, Steven Henry→

director · ~75y · appointed 1998-11-12 · resigned 2001-12-31

Resigned

DAVIES, Timothy John→

director · ~64y · appointed 2013-03-01 · resigned 2021-01-12

Resigned

HOLMES, Christopher Nigel Couper→

director · ~75y · appointed 2002-10-01 · resigned 2013-07-31

Resigned

PELHAM, Hugh Marcus→

director · ~59y · appointed 2021-01-12 · resigned 2021-10-11

Resigned

THOMPSON, Robert John→

director · ~75y · appointed 1998-11-12 · resigned 2000-05-31

Resigned

WEBBER, Christopher Reginald→

director · ~83y · appointed 1994-11-09 · resigned 1998-11-12

Resigned

WOOD, Ronald Chalmers→

director · ~79y · appointed 2000-05-31 · resigned 2013-05-01

Resigned

INHOCO FORMATIONS LIMITED→

corporate-nominee-director · appointed 1994-04-13 · resigned 1995-04-13

Resigned

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

Recent filings (122 total)

accounts-with-accounts-type-dormant

accounts · AA

2026-05-28

change-person-secretary-company-with-change-date

officers · CH03

2026-05-18

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2026-05-18

change-person-director-company-with-change-date

officers · CH01

2026-01-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-29

accounts-with-accounts-type-dormant

accounts · AA

2025-05-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-10-29

accounts-with-accounts-type-dormant

accounts · AA

2024-05-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-30

appoint-person-secretary-company-with-name-date

officers · AP03

2023-10-05

termination-secretary-company-with-name-termination-date

officers · TM02

2023-10-05

accounts-with-accounts-type-dormant

accounts · AA

2023-06-30

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-01-18

termination-director-company-with-name-termination-date

officers · TM01

2023-01-17

appoint-person-director-company-with-name-date

officers · AP01

2023-01-17