A & F FOODS LTD
Opportunity 74/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
1 live charge · oldest 11.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 11.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Average employees | 4500 | 5300 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 mortgage
- • 1 mortgage
Corporate timeline (18 events)Click to expand
- 2026-04-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-04-10🔓Charge satisfied #1
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-12-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-05-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-02-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-11📄change-person-director-company-with-change-dateofficers · CH01
- 2015-06-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2015-06-01🔒Charge registered #1Lender: Hsbc Bank PLC
- 2013-09-04🏢Company incorporatedAs A & F FOODS LTD
- 2013-09-04➕BUTT, Faisal appointeddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Faisal Butt Individual · British · DOB 01/1978 · age 48 | 75–100% | — | 75-100% shares | 30/08/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 01/06/2015 | 10/04/2026 |