A & F PROPERTY LIMITED

💤Zombieactive

08260778 · ltd · incorporated 2012-10-19

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 Oct 2025

Net worth

£291.5k

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: Licenced restaurants

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

9 live charges · 4 lenders · oldest 13.6y

15/100

under pressure

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

· Oldest live charge is 13.6 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· 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

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

2 officers (2 active, 2 linked, 1 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

49 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

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

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £291,483

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£291k

↑ 11% YoY

Current Assets

£46k

↓ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-10-31	2024-10-31
Total assets	£1.45M	£1.45M
Current assets	£46.2k	£55.0k
Net assets	£291.5k	£262.9k

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

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 (37 events)Click to expand

2026-05-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-31
🔓
Charge satisfied #6
2024-05-31
🔓
Charge satisfied #5
2024-05-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-17
🔒
Charge registered #9
Lender: Tsb Bank PLC
2024-05-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-15
🔓
Charge satisfied #8
2024-05-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-05-07
🔒
Charge registered #7
Lender: Tsb Bank PLC
2024-05-03
🔒
Charge registered #8
Lender: Tsb Bank PLC
2023-11-30
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-17
➕
LIEW, Men Ping appointed
secretary
2023-07-07
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-07-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-04-22
🔒
Charge registered #6
Lender: Barclays Bank PLC
2015-11-02
🔓
Charge satisfied #4
2015-11-02
🔓
Charge satisfied #3
2015-10-23
🔒
Charge registered #5
Lender: Barclays Bank PLC
2014-07-24
🔓
Charge satisfied #1
2014-06-13
🔒
Charge registered #4
Lender: Relendex Pcc Limited (Renshaw Street Liverpool Cell)
2014-06-13
🔒
Charge registered #3
Lender: Relendex Pcc Limited (Renshaw Street Liverpool Cell)
2013-05-11
🔓
Charge satisfied #2
2012-12-12
🔒
Charge registered #2
Lender: Bridgebank Capital No 3 Fund Limited
2012-12-12
🔒
Charge registered #1
Lender: Bridgebank Capital No 3 Fund Limited
2012-10-19
🏢
Company incorporated
As A & F PROPERTY LIMITED
2012-10-19
➕
LIU, Andy Zhuobin appointed
director

Owner dependency

80/100

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.
+No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

58/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 14 years.
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

medium

Multiple 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 Andy Zhuobin Liu Individual · British · DOB 10/1970 · age 56	75–100%	—	75-100% shares	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 · Hospitality · L postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
92 DEGREES LIME STREET LIMITED→ 15148568 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
A CHANCE TO LTD→ 11803220 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
A GRAZE AFFAIR LIMITED→ 15565515 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
A&G HOSPITALITY MANAGEMENT LTD→ 06822112 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
ABO PROPERTIES LIMITED→ 16697927 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ACAI AND THE TRIBE LTD→ 14289981 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ACCOLADE RESIDENTIAL LTD→ 15235032 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACE CATERING (NW) LIMITED→ 09805550 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ACORN & OAK LIMITED→ 05330943 · est 2005 · no financials extracted	—	—	—	—	21y	—	—
ACROPOLIS RESTAURANT LTD→ 11465706 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ACTIONJACKSON LIMITED→ 16281671 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
AD RESTAURANT (NW) LIMITED→ 16429931 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2012-10-19

Jurisdictionengland-wales

Primary SIC56101 — Licenced restaurants

Registered office

82 Renshaw Street

Liverpool

L1 4EN

England

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-09-23

Last: 2025-09-09

Officers (2 active · 0 resigned)

LIEW, Men Ping→

secretary · appointed 2023-11-17

View their other companies + combined net worth →

Active

LIU, Andy Zhuobin→

director · ~56y · appointed 2012-10-19

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Lloyds Banking Group Tsb Bank PLC	A registered charge	1 property	17/05/2024	—
outstanding	Lloyds Banking Group Tsb Bank PLC	A registered charge	—	07/05/2024	—
satisfied	Lloyds Banking Group Tsb Bank PLC	A registered charge	—	03/05/2024	15/05/2024
satisfied	Barclays Barclays Bank PLC	A registered charge	—	22/04/2016	31/05/2024
satisfied	Barclays Barclays Bank PLC	A registered charge	1 property	23/10/2015	31/05/2024
satisfied	Relendex Pcc (Renshaw Street Liverpool Cell) Relendex Pcc Limited (Renshaw Street Liverpool Cell)	A registered charge	2 properties	13/06/2014	02/11/2015
satisfied	Relendex Pcc (Renshaw Street Liverpool Cell) Relendex Pcc Limited (Renshaw Street Liverpool Cell)	A registered charge	1 property	13/06/2014	02/11/2015
satisfied	Bridgebank Capital No 3 Fund Bridgebank Capital No 3 Fund Limited	Legal charge	1 property	12/12/2012	11/05/2013
satisfied	Bridgebank Capital No 3 Fund Bridgebank Capital No 3 Fund Limited	Debenture	1 property	12/12/2012	24/07/2014

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

Recent filings (49 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-05-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-15

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-12

accounts-with-accounts-type-micro-entity

accounts · AA

2024-07-01

mortgage-satisfy-charge-full

mortgage · MR04

2024-05-31

mortgage-satisfy-charge-full

mortgage · MR04

2024-05-31

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-05-24

mortgage-satisfy-charge-full

mortgage · MR04

2024-05-15

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-05-09

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-05-07

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

officers · AP03

2023-11-30

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

address · AD01

2023-11-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-11

accounts-with-accounts-type-micro-entity

accounts · AA

2023-07-07