MAPINO LIMITED
💤Zombieactive
05801587 · ltd · incorporated 2006-05-02
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 May 2024
Net worth
£2.85M
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Retail sale of leather goods in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
15 live charges · 5 lenders · oldest 19.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.8 years old — likely at or near maturity.
- · 5 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
87 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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £2,847,619
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£20k
~ YoY
Net Worth
£2.8m
↑ 4503% YoY
Current Assets
£406k
↓ 24% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £5.44M | £1.71M |
| Current assets | £406.0k | £536.2k |
| Cash | £20.3k | £20.3k |
| Debtors | £295.6k | £356.9k |
| Net assets | £2.85M | £61.9k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
- 2025-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-08📄legacymiscellaneous · ANNOTATION
- 2024-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-20🔓Charge satisfied #10
- 2024-12-20🔓Charge satisfied #11
- 2024-12-20🔓Charge satisfied #9
- 2024-12-19🔒Charge registered #16Lender: Together Commercial Finance Limited
- 2024-12-19🔒Charge registered #14Lender: Together Commercial Finance Limited
- 2024-12-19🔒Charge registered #13Lender: Together Commercial Finance Limited
- 2024-12-19🔒Charge registered #12Lender: Together Commercial Finance Limited
- 2024-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-28📄mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-datemortgage · MR01
- 2021-08-28📄mortgage-create-with-deed-with-charles-court-order-extend-with-charge-number-charge-creation-datemortgage · MR01
- 2021-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-10-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-10-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-10-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-10-13🔓Charge satisfied #6
- 2020-10-13🔓Charge satisfied #5
- 2020-10-13🔓Charge satisfied #4
- 2020-05-14📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2019-05-31🔓Charge satisfied #8
- 2019-05-31🔓Charge satisfied #7
- 2018-12-24🔒Charge registered #10Lender: National Westminster Bank PLC
- 2018-11-13🔒Charge registered #11Lender: National Westminster Bank PLC
- 2018-11-13🔒Charge registered #9Lender: National Westminster Bank PLC
- 2018-02-14🔒Charge registered #8Lender: Funding 365 Capital Limited
- 2018-02-14🔒Charge registered #7Lender: Funding 365 Capital Limited
- 2017-06-18➖AHMAD, Fawzia resigneddirector
- 2016-09-06➕AHMAD, Fawzia appointeddirector
- 2015-01-25🔓Charge satisfied #1
- 2015-01-08🔓Charge satisfied #3
- 2015-01-08🔓Charge satisfied #2
- 2013-12-11🔒Charge registered #6Lender: Habib Bank Ag Zurich
- 2013-12-11🔒Charge registered #5Lender: Habib Bank Ag Zurich
- 2013-12-11🔒Charge registered #4Lender: Habib Bank Ag Zurich
- 2012-03-01➖ABDULLAH, Malik Mohyuddin Muhammad resignedsecretary
- 2009-02-25🔒Charge registered #3Lender: Hsbc Bank PLC
- 2007-05-02➖SAME-DAY COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 2007-05-02➖WILDMAN & BATTELL LIMITED resignedcorporate-nominee-director
- 2007-03-06🔒Charge registered #2Lender: Hsbc Bank PLC
- 2006-07-25🔒Charge registered #1Lender: Hsbc Bank PLC
Showing most recent 50 of 55 events
Owner dependency
93/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. 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 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 20 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Muzaffar Ahmad Individual · British · DOB 05/1965 · age 61 | — | 75–100% | 75-100% voting | 06/04/2017 |
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 · KT postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 01 SAVANT SYSTEMS LIMITED→ 16193814 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 19 DADDY LTD→ 15811552 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1BIGTUBE LIMITED→ 15700143 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 1ST VIRTUAL TRADERS LTD→ 13175989 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| 1W1L LTD→ 12169963 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 214 STATION STUDIOS LTD→ 17114268 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| 247CLICKANDSHOP LTD→ 13674126 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| 24CRICKET LIMITED→ 16762391 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 24SELLERS LTD→ 15878333 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 32-DAYS LTD→ 08554059 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| 3M TRADERS LTD→ 15609523 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| 3X3X77 LIMITED→ 15720830 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2006-05-02
Jurisdictionengland-wales
Primary SIC47722 — Retail sale of leather goods in specialised stores
Registered office
Unit 5 4a
Manorgate Road
Kingston
KT2 7EL
England
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12
Officers (1 active · 4 resigned)
AHMAD, Muzaffar→
Activedirector · ~61y · appointed 2006-05-02
View their other companies + combined net worth →
ABDULLAH, Malik Mohyuddin Muhammad→
Resignedsecretary · appointed 2006-05-02 · resigned 2012-03-01
SAME-DAY COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-05-02 · resigned 2007-05-02
AHMAD, Fawzia→
Resigneddirector · ~52y · appointed 2016-09-06 · resigned 2017-06-18
WILDMAN & BATTELL LIMITED→
Resignedcorporate-nominee-director · appointed 2006-05-02 · resigned 2007-05-02
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
4
Outstanding
1
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 19/12/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 19/12/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 19/12/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 19/12/2024 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 24/12/2018 | 20/12/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 13/11/2018 | 20/12/2024 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 13/11/2018 | 20/12/2024 | |
| satisfied | Funding 365 Capital Funding 365 Capital Limited | A registered charge | 2 properties | 14/02/2018 | 31/05/2019 | |
| satisfied | Funding 365 Capital Funding 365 Capital Limited | A registered charge | 2 properties | 14/02/2018 | 31/05/2019 | |
| satisfied | Habib Bank Ag Zurich | A registered charge | 1 property | 11/12/2013 | 13/10/2020 | |
| satisfied | Habib Bank Ag Zurich | A registered charge | 1 property | 11/12/2013 | 13/10/2020 | |
| satisfied | Habib Bank Ag Zurich | A registered charge | 1 property | 11/12/2013 | 13/10/2020 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 2 properties | 25/02/2009 | 08/01/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Debenture | 1 property | 06/03/2007 | 08/01/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 25/07/2006 | 25/01/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (87 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-31
legacy
miscellaneous · ANNOTATION
2025-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-16