AF FOODS LIMITED
🌳Matureactive
08313278 · ltd · incorporated 2012-11-29
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£707.3k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 10890
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -97% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 5.7y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 5.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (84/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
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 £707,307
Cash draining
Cash down 97% YoY
Cash YoY
-97%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1k
↓ 97% YoY
Net Worth
£707k
↑ 13% YoY
Current Assets
£1.5m
↑ 2.5% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £767.4k | £678.8k |
| Current assets | £1.50M | £1.46M |
| Cash | £1.3k | £49.8k |
| Debtors | £1.36M | £1.32M |
| Net assets | £707.3k | £626.1k |
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 (21 events)Click to expand
- 2025-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-09-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-23📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-26📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-26📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-09-07🔒Charge registered #1Lender: Barclays Security Trustee Limited
- 2019-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2012-11-29🏢Company incorporatedAs AF FOODS LIMITED
- 2012-11-29➕AHMED, Shakoor appointeddirector
- 2012-11-29➕ALI, Asghar appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 14 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Shakoor Ahmed Individual · British · DOB 09/1983 · age 43 | 25–50% | — | sig. influence25-50% shares · significant influence · firm interest | 06/04/2016 |
Mr Mohammed Farooq Individual · British · DOB 06/1957 · age 69 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Asghar Ali Individual · British · DOB 07/1974 · age 52 | 25–50% | — | sig. influence25-50% shares · significant influence · firm interest | 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 · Food & drink · BD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A 1 DIAMOND HALAL MEAT LIMITED→ 16175345 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AILYIA FOODS LTD→ 16547169 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AJ GOLDEN CRUST BAKERY LTD→ 16173173 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AQSA COLA LIMITED→ 15787882 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ARCADIA FOOD INDUSTRIES LIMITED→ 02514227 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| ARCADIA FOODS LIMITED→ 05986792 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ARCADIA INDUSTRIES LIMITED→ 05986780 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ARCHERS QUALITY MEATS LTD→ 13510262 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ARK SWEETS LIMITED→ 11319179 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ARKAS GROUP LTD→ 16699093 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARKED COFFEE LTD→ 17028685 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ASIM FOODS LIMITED→ 13217311 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2012-11-29
Jurisdictionengland-wales
Primary SIC10890 — SIC 10890
Registered office
Unit 21 B Whetley Mills
Thornton Road
Bradford
BD8 8LQ
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08
Officers (2 active · 0 resigned)
AHMED, Shakoor→
Activedirector · ~43y · appointed 2012-11-29
View their other companies + combined net worth →
Active
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 07/09/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (41 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-23
change-person-director-company-with-change-date
officers · CH01
2025-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-26
change-person-director-company-with-change-date
officers · CH01
2022-10-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-26
change-person-director-company-with-change-date
officers · CH01
2022-10-26