AFIA LIMITED

💤Zombieactive
04128966 · ltd · incorporated 2000-12-21
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
£47.0k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. 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. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 14.3y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 14.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 2 with DOB)
76
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
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £47,048
Net assets shrinking
Down £53,926 YoY
Cash draining
Cash down 80% YoY
Cash YoY
-80%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 80% YoY
Net Worth
£47k
↓ 53% YoY
Current Assets
£764k
↓ 7.6% YoY
Current Liabilities
—
£0£165k£331k£496k£661k£826kMar 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£80.9k£195.7k
Current assets£763.8k£826.3k
Cash£1.3k£6.7k
Debtors£400.7k£378.3k
Net assets£47.0k£101.0k

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
3
filings
  • • 2 persons-with-significant-control
  • • 1 officers
Last 180 days
7
filings
  • • 3 persons-with-significant-control
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-03-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-03-13
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2026-03-10
    ➖
    KELLY, Therese Michel resigned
    secretary
  5. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2026-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2026-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-07-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2021-02-11
    🔒
    Charge registered #3
    Lender: Hsbc Invoice Finance (UK) LTD
  16. 2020-10-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-10-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2019-12-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2019-12-30
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  21. 2019-11-01
    ➕
    KELLY, Nicholas James Frederick appointed
    director
  22. 2019-11-01
    ➖
    KELLY, Nicholas James Frederick resigned
    secretary
  23. 2019-11-01
    ➕
    KELLY, Therese Michel appointed
    secretary
  24. 2019-11-01
    ➖
    KELLY, Therese Michel resigned
    director
  25. 2014-01-08
    🔓
    Charge satisfied #1
  26. 2013-06-24
    🔒
    Charge registered #2
    Lender: Hsbc Bank PLC
  27. 2012-01-19
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Bank PLC
  28. 2001-04-02
    ➕
    KELLY, Nicholas James Frederick appointed
    secretary
  29. 2001-04-02
    ➖
    KELLY, Therese resigned
    secretary
  30. 2001-03-05
    ➕
    KELLY, Therese appointed
    secretary
  31. 2001-03-05
    ➖
    WHBC NOMINEE SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  32. 2001-03-05
    ➕
    KELLY, Therese Michel appointed
    director
  33. 2001-03-05
    ➖
    WHBC NOMINEE DIRECTORS LIMITED resigned
    corporate-nominee-director
  34. 2000-12-21
    🏢
    Company incorporated
    As AFIA LIMITED
  35. 2000-12-21
    ➕
    WHBC NOMINEE SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  36. 2000-12-21
    ➕
    WHBC NOMINEE DIRECTORS LIMITED appointed
    corporate-nominee-director

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 63 — 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 63. 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 25 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 Nicholas James Frederick Kelly
Individual · British · DOB 12/1963 · age 63
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Therese Michel Kellyceased 10/03/2026· 25-50% shares · 25-50% voting

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
Incorporated2000-12-21
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Storage King, Room 4f
Longfield Road
Tunbridge Wells
TN2 3EY
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07

Officers (1 active · 6 resigned)

KELLY, Nicholas James Frederick→
director · ~63y · appointed 2019-11-01
View their other companies + combined net worth →
Active
KELLY, Nicholas James Frederick→
secretary · appointed 2001-04-02 · resigned 2019-11-01
Resigned
KELLY, Therese Michel→
secretary · appointed 2019-11-01 · resigned 2026-03-10
Resigned
KELLY, Therese→
secretary · appointed 2001-03-05 · resigned 2001-04-02
Resigned
WHBC NOMINEE SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2000-12-21 · resigned 2001-03-05
Resigned
KELLY, Therese Michel→
director · ~57y · appointed 2001-03-05 · resigned 2019-11-01
Resigned
WHBC NOMINEE DIRECTORS LIMITED→
corporate-nominee-director · appointed 2000-12-21 · resigned 2001-03-05
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc Invoice Finance (UK) LTD
A registered charge—11/02/2021—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property24/06/2013—
satisfied
Lloyds Banking Group
Lloyds Tsb Bank PLC
Debenture1 property19/01/201208/01/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-13
termination-secretary-company-with-name-termination-date
officers · TM02
2026-03-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
change-person-director-company-with-change-date
officers · CH01
2026-01-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-21