AFFORDABLE FURNITURE LIMITED

💤Zombieactive

04222165 · ltd · incorporated 2001-05-23

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 Jun 2025

Net worth

£-45.0k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 24.7y

45/100

under pressure

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

· Oldest live charge is 24.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· 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.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (2 active, 7 linked, 3 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

64 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Negative net assets

Liabilities exceed assets by £44,959

Cash YoY

+0%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£853

~ YoY

Net Worth

-£45k

↓ 1.4% YoY

Current Assets

£59k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30
Total assets	£-45.0k	£-44.3k
Current assets	£58.9k	£58.6k
Cash	£853	£853
Debtors	£10.3k	£10.1k
Net assets	£-45.0k	£-44.3k

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

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-07-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-07-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2012-07-31
➖
HICKEY, Michael Robert resigned
director
2009-05-01
➖
HAMMOND, David Anthony resigned
director
2002-02-01
➕
TAYLOR, Karon Louise appointed
secretary
2002-02-01
➖
HICKEY, Michael Robert resigned
secretary
2001-08-29
🔒
Charge registered #1
Lender: National Westminster Bank PLC
2001-05-23
🏢
Company incorporated
As AFFORDABLE FURNITURE LIMITED
2001-05-23
➕
MORRIS, Gary Michael appointed
director
2001-05-23
➕
HICKEY, Michael Robert appointed
secretary
2001-05-23
➕
TEMPLE SECRETARIES LIMITED appointed
corporate-nominee-secretary
2001-05-23
➖
TEMPLE SECRETARIES LIMITED resigned
corporate-nominee-secretary
2001-05-23
➕
HAMMOND, David Anthony appointed
director
2001-05-23
➕
HICKEY, Michael Robert appointed
director
2001-05-23
➕
COMPANY DIRECTORS LIMITED appointed
corporate-nominee-director
2001-05-23
➖
COMPANY DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

93/100

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.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

85/100

Likely off-market candidate

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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%

Name	Shares	Voting rights	Nature of control	Notified
Mr Gary Michael Morris Individual · British · DOB 12/1966 · age 60	75–100%	—	75-100% shares	23/05/2017

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 · Retail · LN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
4 THE NEW YOU LTD→ 10968122 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
A G BURRIDGE LTD→ 08238755 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
A LITTLE BIT OF LINCOLNSHIRE LTD→ 10749356 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
A&K M BUSINESS LTD→ 16658796 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ABSOLUTELY SALES LTD→ 15604217 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACC TRADING LTD→ 14661604 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ADLIVIA LTD→ 16984190 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ADVANCED CAR CARE SOLUTIONS UK LTD→ 16721771 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AETHERFORGE LTD→ 16283865 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AGE UK LINCOLN AND SOUTH LINCOLNSHIRE RETAIL LIMITED→ 04825584 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
AGS NAMAKKAL LIMITED→ 16389068 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AHSOKA LIMITED→ 11268757 · est 2018 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated2001-05-23

Jurisdictionengland-wales

Primary SIC47599 — Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Registered office

282 Wragby Road

Lincoln

Lincolnshire

LN2 4PX

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-06

Last: 2025-05-23

Officers (2 active · 5 resigned)

TAYLOR, Karon Louise→

secretary · appointed 2002-02-01

View their other companies + combined net worth →

Active

MORRIS, Gary Michael→

director · ~60y · appointed 2001-05-23

View their other companies + combined net worth →

Active

HICKEY, Michael Robert→

secretary · appointed 2001-05-23 · resigned 2002-02-01

Resigned

TEMPLE SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2001-05-23 · resigned 2001-05-23

Resigned

HAMMOND, David Anthony→

director · ~58y · appointed 2001-05-23 · resigned 2009-05-01

Resigned

HICKEY, Michael Robert→

director · ~79y · appointed 2001-05-23 · resigned 2012-07-31

Resigned

COMPANY DIRECTORS LIMITED→

corporate-nominee-director · appointed 2001-05-23 · resigned 2001-05-23

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	National Westminster Bank National Westminster Bank PLC	Debenture	1 property	29/08/2001	—

Click column headers to sort. Use filters above to narrow by status and lender.