AFFORDABLE KITCHENS SOUTH WEST LIMITED

🌳Matureactive
05355697 · ltd · incorporated 2005-02-07
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£-105.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -57% YoY — forensic review of receivables, stock turns, and creditor days. 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
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 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
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £105,773
Cash draining
Cash down 57% YoY
Cash YoY
-57%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 57% YoY
Net Worth
-£106k
↓ 15% YoY
Current Assets
£6k
↓ 48% YoY
Current Liabilities
—
-£106k-£82k-£59k-£35k-£12k£12kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28
Total assets£-105.8k£-92.0k
Current assets£6.0k£11.7k
Cash£4.5k£10.5k
Net assets£-105.8k£-92.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-18
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  3. 2024-12-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2021-02-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-01-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-01-09
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  17. 2020-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-10-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2015-04-21
    ➕
    ETHERINGTON, Vikki Michelle appointed
    director
  20. 2009-12-21
    ➖
    ETHERINGTON, Gillian Ruth resigned
    secretary
  21. 2005-02-07
    🏢
    Company incorporated
    As AFFORDABLE KITCHENS SOUTH WEST LIMITED
  22. 2005-02-07
    ➕
    ETHERINGTON, Michael appointed
    director
  23. 2005-02-07
    ➕
    ETHERINGTON, Gillian Ruth appointed
    secretary
  24. 2005-02-07
    ➕
    KEY LEGAL SERVICES (SECRETARIAL) LIMITED appointed
    corporate-secretary
  25. 2005-02-07
    ➖
    KEY LEGAL SERVICES (SECRETARIAL) LIMITED resigned
    corporate-secretary
  26. 2005-02-07
    ➕
    KEY LEGAL SERVICES (NOMINEES) LIMITED appointed
    corporate-director
  27. 2005-02-07
    ➖
    KEY LEGAL SERVICES (NOMINEES) LIMITED resigned
    corporate-director

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Etherington
Individual · British · DOB 07/1963 · age 63
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mrs Vikki Michelle Etherington
Individual · British · DOB 03/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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ALDRED GAS & HEATING SERVICES LIMITED→
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2005-02-07
Jurisdictionengland-wales
Primary SIC43390 — Other building completion and finishing

Registered office

2-4 Gladstone Place
Newton Abbot
Devon
TQ12 2AW
England

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-01-18
Last: 2026-01-04

Officers (2 active · 3 resigned)

ETHERINGTON, Michael→
director · ~63y · appointed 2005-02-07
View their other companies + combined net worth →
Active
ETHERINGTON, Vikki Michelle→
director · ~59y · appointed 2015-04-21
View their other companies + combined net worth →
Active
ETHERINGTON, Gillian Ruth→
secretary · appointed 2005-02-07 · resigned 2009-12-21
Resigned
KEY LEGAL SERVICES (SECRETARIAL) LIMITED→
corporate-secretary · appointed 2005-02-07 · resigned 2005-02-07
Resigned
KEY LEGAL SERVICES (NOMINEES) LIMITED→
corporate-director · appointed 2005-02-07 · resigned 2005-02-07
Resigned

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

Recent filings (66 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-06
change-sail-address-company-with-old-address-new-address
address · AD02
2024-12-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-04