AFTAB CURRENCY EXCHANGE LIMITED

💤Zombieactive
09360990 · ltd · incorporated 2014-12-18
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
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 75/100. 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: strategic trade sale (65/100).

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
74
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 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

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 1 officers
  • 1 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-16
    ALI, Unniza appointed
    secretary
  2. 2026-03-16
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  3. 2026-03-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2025-04-22
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  6. 2025-04-22
    ✏️
    change-of-name-notice
    change-of-name · CONNOT
  7. 2024-12-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-10-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2024-09-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2023-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-09-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-10-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-09-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-03-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2018-09-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-09-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2015-12-31
    ASHRAF, Aftab appointed
    director
  19. 2015-12-31
    ASHRAF, Rashid resigned
    director
  20. 2014-12-18
    🏢
    Company incorporated
    As AFTAB CURRENCY EXCHANGE LIMITED
  21. 2014-12-18
    ASHRAF, Rashid appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
Name changed 2 times
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-04-22: certificate-change-of-name-company; 2025-04-22: change-of-name-notice

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Aftab Ashraf
Individual · British · DOB 05/1973 · age 53
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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.

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Company details

Statusactive
Typeltd
Incorporated2014-12-18
Jurisdictionengland-wales
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

1 Portland Street
Manchester
M1 3BE
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (2 active · 1 resigned)

ALI, Unniza
secretary · appointed 2026-03-16
View their other companies + combined net worth →
Active
ASHRAF, Aftab
director · ~53y · appointed 2015-12-31
View their other companies + combined net worth →
Active
ASHRAF, Rashid
director · ~48y · appointed 2014-12-18 · resigned 2015-12-31
Resigned

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

Recent filings (31 total)

appoint-person-secretary-company-with-name-date
officers · AP03
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-13
accounts-with-accounts-type-dormant
accounts · AA
2025-09-01
certificate-change-of-name-company
change-of-name · CERTNM
2025-04-22
change-of-name-notice
change-of-name · CONNOT
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-18
accounts-with-accounts-type-dormant
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-dormant
accounts · AA
2023-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-31
accounts-with-accounts-type-dormant
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-01