AFH DISTRIBUTION LIMITED

🌳Matureactive
09594197 · ltd · incorporated 2015-05-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒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: SIC 46480
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 65/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
15 connected companies via shared directors
90
Filing history
33 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
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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
Average employees600200

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • 1 persons-with-significant-control
Last 90 days
1
filing
  • 1 persons-with-significant-control
Last 180 days
2
filings
  • 1 persons-with-significant-control
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-05-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-11
    SHEPPARD, Theodore Alban Edward appointed
    director
  6. 2023-07-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-07-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-04-24
    SHEPPARD, Keith Ronald resigned
    director
  9. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-04-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-04-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-04-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-04-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-11-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2018-11-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2018-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-05-15
    🏢
    Company incorporated
    As AFH DISTRIBUTION LIMITED
  21. 2015-05-15
    YIP, Gerard appointed
    secretary
  22. 2015-05-15
    YIP, Gerard appointed
    director
  23. 2015-05-15
    SHEPPARD, Keith Ronald appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-29

Group structure

Coswi Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Coswi Holdings Limited
Corporate parent · holds 25-50% shares
significant stake
AFH DISTRIBUTION LIMITED
This company · 09594197

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Lesley Anne Sheppard
Individual · British · DOB 09/1956 · age 70
2550%
25-50% shares31/03/2026
Coswi Holdings Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting29/10/2018
Mr Keith Ronald Sheppard
Individual · British · DOB 10/1953 · age 73
2550%
25–50%25-50% shares · 25-50% voting01/06/2016

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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03323298 · est 1997 · no financials extracted
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06420073 · est 2007 · no financials extracted
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06782806 · est 2009 · no financials extracted
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13545882 · est 2021 · no financials extracted
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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
Incorporated2015-05-15
Jurisdictionengland-wales
Primary SIC46480 — SIC 46480

Registered office

5 Station Road
Liphook
GU30 7DW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-29OVERDUE
Last: 2025-05-15

Officers (3 active · 1 resigned)

YIP, Gerard
secretary · appointed 2015-05-15
View their other companies + combined net worth →
Active
SHEPPARD, Theodore Alban Edward
director · ~41y · appointed 2023-07-11
View their other companies + combined net worth →
Active
YIP, Gerard
director · ~65y · appointed 2015-05-15
View their other companies + combined net worth →
Active
SHEPPARD, Keith Ronald
director · ~73y · appointed 2015-05-15 · resigned 2023-04-24
Resigned

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

Recent filings (33 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
termination-director-company-with-name-termination-date
officers · TM01
2023-07-11
appoint-person-director-company-with-name-date
officers · AP01
2023-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-22
change-person-director-company-with-change-date
officers · CH01
2021-04-23
change-person-director-company-with-change-date
officers · CH01
2021-04-23