AFASS LIMITED

🌳Matureactive
08428836 · ltd · incorporated 2013-03-04
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 5.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Security systems service activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 5.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 5.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
46 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Average employees2400

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 (25 events)Click to expand
  1. 2025-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-13
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-03-30
    📄
    capital-alter-shares-subdivision
    capital · SH02
  5. 2024-03-30
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2024-03-30
    📄
    memorandum-articles
    incorporation · MA
  7. 2024-03-30
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2024-03-27
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  9. 2024-02-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-11-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2021-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-06-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-05-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2021-04-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-03-16
    ➖
    MCKENZIE, Christopher resigned
    director
  17. 2021-02-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2021-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-02-19
    🔒
    Charge registered #1
    Lender: Barclays Security Trustee Limited
  20. 2020-07-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-09-04
    ➕
    BEATON, Stuart appointed
    director
  22. 2016-10-01
    ➕
    MCKENZIE, Christopher appointed
    director
  23. 2013-03-04
    🏢
    Company incorporated
    As AFASS LIMITED
  24. 2013-03-04
    ➕
    BROWN, Martin appointed
    secretary
  25. 2013-03-04
    ➕
    BROWN, Martin Fenwick appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

49/100
Moderate signal

Some 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 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Stuart Beaton
Individual · British · DOB 06/1985 · age 41
25–50%
25–50%25-50% shares · 25-50% voting01/09/2019
Mr Martin Fenwick Brown
Individual · British · DOB 06/1969 · age 57
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Christopher Mckenzieceased 16/03/2021· 25-50% shares · 25-50% voting

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

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
Incorporated2013-03-04
Jurisdictionengland-wales
Primary SIC80200 — Security systems service activities

Registered office

10 Mandale Park
Wallsend Road
North Shields
Tyne And Wear
NE29 7FN
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-18
Last: 2025-10-04

Officers (3 active · 1 resigned)

BROWN, Martin→
secretary · appointed 2013-03-04
View their other companies + combined net worth →
Active
BEATON, Stuart→
director · ~41y · appointed 2019-09-04
View their other companies + combined net worth →
Active
BROWN, Martin Fenwick→
director · ~57y · appointed 2013-03-04
View their other companies + combined net worth →
Active
MCKENZIE, Christopher→
director · ~58y · appointed 2016-10-01 · resigned 2021-03-16
Resigned

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
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge—19/02/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (46 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-13
capital-alter-shares-subdivision
capital · SH02
2024-03-30
capital-name-of-class-of-shares
capital · SH08
2024-03-30
memorandum-articles
incorporation · MA
2024-03-30
resolution
resolution · RESOLUTIONS
2024-03-30
capital-variation-of-rights-attached-to-shares
capital · SH10
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04