AF HEATING LTD
💤Zombieactive
09589409 · ltd · incorporated 2015-05-13
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 May 2025
Net worth
£-18.3k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (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: distressed disposal / insolvency (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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
34 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £18,332
Key financials
2 years extracted from filed iXBRL accountsCash
£9k
↑ 3386% YoY
Net Worth
-£18k
↑ 40% YoY
Current Assets
£16k
↑ 13166% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £9.2k | £-2.7k |
| Current assets | £15.8k | £119 |
| Cash | £8.7k | £-264 |
| Debtors | £7.1k | £383 |
| Net assets | £-18.3k | £-30.7k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2026-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-02📄change-person-director-company-with-change-dateofficers · CH01
- 2024-01-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-11-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-11-08➖FLETCHER, Jenny resigneddirector
- 2021-05-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-29📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-29📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2019-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2019-07-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2015-05-13🏢Company incorporatedAs AF HEATING LTD
- 2015-05-13➕FLETCHER, Andrew Stephen appointeddirector
- 2015-05-13➕FLETCHER, Jenny appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Stephen Fletcher Individual · British · DOB 04/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Jenny Fletcherceased 08/11/2021· 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 →Similar companies
Active · Construction · SW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A G SERVICES LTD.→ 06799999 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ABSTRACT MID-TECH LIMITED→ 13347363 · est 2021 | — | — | — | 0 | 4y | — | — |
| AC HOMES INVESTMENT LTD→ 15929553 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ADMATECH LIMITED→ 15482842 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ADMIRAL SCAFFOLDING SOLUTIONS LIMITED→ 08465683 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| ADMIRE P&H GROUP LTD→ 16275076 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ADSE LIMITED→ 10968813 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ADVANCED DETAILING AND DESIGN APPLICATIONS UK LIMITED→ 10481516 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ADWUMA LTD→ 11515272 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AETHER POOLS AND WELLNESS LIMITED→ 16464152 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFFORDABLE HOUSES COMPANY LIMITED→ 05254057 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| AFL CONSTRUCTION LIMITED→ 07590392 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2015-05-13
Jurisdictionengland-wales
Primary SIC43220 — Plumbing, heat and air-conditioning installation
Registered office
341 Garratt Lane
Wandsworth
London
SW18 4DX
England
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-20
Last: 2026-04-06
Officers (1 active · 1 resigned)
FLETCHER, Andrew Stephen→
Activedirector · ~45y · appointed 2015-05-13
View their other companies + combined net worth →
FLETCHER, Jenny→
Resigneddirector · ~44y · appointed 2015-05-13 · resigned 2021-11-08
Click a director name to see their full track record across all companies.
Recent filings (34 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-26
change-person-director-company-with-change-date
officers · CH01
2024-01-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-01-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-04
termination-director-company-with-name-termination-date
officers · TM01
2021-11-15
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-31