AFT COMPOSITES LIMITED

💤Zombieactive
08337802 · ltd · incorporated 2012-12-20
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 Dec 2024
Net worth
£-68.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Combined office administrative service activities
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
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 £68,298

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
Net Worth
-£68k
↓ 13% YoY
Current Assets
£53k
~ YoY
Current Liabilities
—
-£68k-£44k-£20k£4k£29k£53kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£-68.3k£-60.1k
Current assets£53.0k£53.0k
Cash£1.5k—
Debtors£51.5k—
Net assets£-68.3k£-60.6k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-02-17
    ➖
    EYRE, Andrew resigned
    director
  4. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-09-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-09-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-02-12
    ➕
    GERRARD, Peter Robert John appointed
    secretary
  9. 2022-02-12
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  10. 2021-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-06-25
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2020-06-24
    ➖
    GERRARD, Peter Robert John resigned
    secretary
  13. 2020-06-24
    ➖
    WADE, Simon resigned
    director
  14. 2020-06-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2020-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-03-13
    ➖
    BOWMAN, Nicholas John resigned
    director
  17. 2020-03-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-10-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2018-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-09-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2018-09-10
    ➕
    WADE, Simon appointed
    director
  22. 2018-06-27
    📄
    capital-allotment-shares
    capital · SH01
  23. 2018-03-01
    ➕
    GERRARD, Peter Robert John appointed
    secretary
  24. 2018-03-01
    ➕
    EYRE, Andrew appointed
    director
  25. 2012-12-20
    🏢
    Company incorporated
    As AFT COMPOSITES LIMITED
  26. 2012-12-20
    ➕
    GERRARD, Peter Robert John appointed
    director
  27. 2012-12-20
    ➕
    BOWMAN, Nicholas John appointed
    director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 13 years.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr Peter Robert John Gerrard
Individual · British · DOB 02/1947 · age 79
——sig. influencesignificant influence06/04/2016
1 historic (ceased) PSC
  • Mr Nicholas John Bowmanceased 01/03/2018· 25-50% shares

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2012-12-20
Jurisdictionengland-wales
Primary SIC82110 — Combined office administrative service activities

Registered office

Brookside Cottage
Lower Frankton
Oswestry
SY11 4PB
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 4 resigned)

GERRARD, Peter Robert John→
secretary · appointed 2022-02-12
View their other companies + combined net worth →
Active
GERRARD, Peter Robert John→
director · ~79y · appointed 2012-12-20
View their other companies + combined net worth →
Active
GERRARD, Peter Robert John→
secretary · appointed 2018-03-01 · resigned 2020-06-24
Resigned
BOWMAN, Nicholas John→
director · ~64y · appointed 2012-12-20 · resigned 2020-03-13
Resigned
EYRE, Andrew→
director · ~55y · appointed 2018-03-01 · resigned 2025-02-17
Resigned
WADE, Simon→
director · ~58y · appointed 2018-09-10 · resigned 2020-06-24
Resigned

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

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
appoint-person-secretary-company-with-name-date
officers · AP03
2022-02-12
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-24
termination-secretary-company-with-name-termination-date
officers · TM02
2020-06-25