ASF SOFA FRAMES LIMITED

💤Zombieactive
09668047 · ltd · incorporated 2015-07-02
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 Jul 2025
Net worth
£-616.4k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
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 (78/100)

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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
40 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 · FRS 102
Negative net assets
Liabilities exceed assets by £616,421
Cash YoY
-19%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£12k
↓ 19% YoY
Net Worth
-£616k
↓ 168% YoY
Current Assets
£529k
↑ 20% YoY
Current Liabilities
—
-£616k-£387k-£158k£71k£300k£529kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£188.6k£203.6k
Current assets£528.8k£441.1k
Cash£12.5k£15.3k
Debtors£19.5k—
Net assets£-616.4k£-230.3k

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 confirmation-statement
Last 90 days
3
filings
  • • 1 confirmation-statement
  • • 1 address
  • • 1 accounts
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-06-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  8. 2021-07-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-07-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-07-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2021-07-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2021-05-19
    📄
    second-filing-of-director-termination-with-name
    officers · RP04TM01
  13. 2021-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-04-26
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  15. 2021-04-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2021-04-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-04-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2021-04-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2021-01-04
    ➕
    ASHRAF, Mohammad appointed
    director
  20. 2021-01-03
    ➖
    ALI, Haseeb resigned
    director
  21. 2020-10-01
    ➕
    ALI, Haseeb appointed
    director
  22. 2020-09-30
    ➖
    ASHRAF, Mohammad resigned
    director
  23. 2020-08-01
    ➕
    REHMAN, Qubra Yasmin appointed
    secretary
  24. 2019-06-30
    ➖
    REHMAN, Qubra Yasmin resigned
    secretary
  25. 2015-07-02
    🏢
    Company incorporated
    As ASF SOFA FRAMES LIMITED
  26. 2015-07-02
    ➕
    REHMAN, Qubra Yasmin appointed
    secretary
  27. 2015-07-02
    ➕
    ASHRAF, Mohammad 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

45/100
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.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mohammad Ashraf
Individual · British · DOB 12/1974 · age 52
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest04/01/2021
2 historic (ceased) PSCs
  • Mr Haseeb Aliceased 01/04/2021· 75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest
  • Mr Mohammad Ashrafceased 31/03/2021· 75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-07-02
Jurisdictionengland-wales
Primary SIC31090 — Manufacture of other furniture

Registered office

Site 1 Cunliffe Road
Whitebirk Industrial Estate
Blackburn
BB1 5UA
England

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-07-20
Last: 2026-07-06

Officers (2 active · 3 resigned)

REHMAN, Qubra Yasmin→
secretary · appointed 2020-08-01
View their other companies + combined net worth →
Active
ASHRAF, Mohammad→
director · ~52y · appointed 2021-01-04
View their other companies + combined net worth →
Active
REHMAN, Qubra Yasmin→
secretary · appointed 2015-07-02 · resigned 2019-06-30
Resigned
ALI, Haseeb→
director · ~26y · appointed 2020-10-01 · resigned 2021-01-03
Resigned
ASHRAF, Mohammad→
director · ~52y · appointed 2015-07-02 · resigned 2020-09-30
Resigned

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

Recent filings (40 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-06
appoint-person-secretary-company-with-name-date
officers · AP03
2021-07-06
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-07-06
termination-director-company-with-name-termination-date
officers · TM01
2021-07-06