AF PROTECTION LIMITED

🌳Matureactive
10071531 · ltd · incorporated 2016-03-18
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (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
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees121100

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
0
filings
Last 180 days
5
filings
  • 4 persons-with-significant-control
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-04-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2026-04-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2026-04-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-08-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-02-15
    📄
    capital-allotment-shares
    capital · SH01
  9. 2023-02-15
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  10. 2023-02-14
    📄
    second-filing-capital-allotment-shares
    capital · RP04SH01
  11. 2023-02-14
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  12. 2023-02-14
    📄
    legacy
    capital · SH20
  13. 2023-02-14
    ⚠️
    legacy
    insolvency · CAP-SS
  14. 2023-02-14
    📄
    memorandum-articles
    incorporation · MA
  15. 2023-02-14
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2023-02-14
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2023-02-14
    📄
    capital-name-of-class-of-shares
    capital · SH08
  18. 2023-02-08
    📄
    capital-allotment-shares
    capital · SH01
  19. 2023-02-07
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  20. 2023-02-07
    ⚠️
    legacy
    insolvency · CAP-SS
  21. 2023-02-07
    📄
    legacy
    capital · SH20
  22. 2021-06-01
    HIRONS, Gary David appointed
    director
  23. 2016-03-18
    🏢
    Company incorporated
    As AF PROTECTION LIMITED
  24. 2016-03-18
    DUGGAN, Paul Brian appointed
    secretary
  25. 2016-03-18
    DUGGAN, Paul Brian appointed
    director
  26. 2016-03-18
    WEBB, Andrew William appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-02-14: legacy; 2023-02-07: legacy

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Kerenza (Sw) Ltd
Corporate parent · holds 25-50% shares
significant stake
🏛️
Miramar Holdings (Sw) Ltd
Corporate parent · holds 25-50% shares
significant stake
AF PROTECTION LIMITED
This company · 10071531

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Kerenza (Sw) Ltd
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting14/02/2023
Miramar Holdings (Sw) Ltd
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting14/02/2023
2 historic (ceased) PSCs
  • Mr Andrew William Webbceased 14/02/2023· 25-50% shares
  • Mr Paul Brian Dugganceased 14/02/2023· 25-50% shares

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
Incorporated2016-03-18
Jurisdictionengland-wales
Primary SIC43390 — Other building completion and finishing

Registered office

High Park Office Catchfrench
Trerulefoot
Saltash
Cornwall
PL12 5BY
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (4 active · 0 resigned)

DUGGAN, Paul Brian
secretary · appointed 2016-03-18
View their other companies + combined net worth →
Active
DUGGAN, Paul Brian
director · ~60y · appointed 2016-03-18
View their other companies + combined net worth →
Active
HIRONS, Gary David
director · ~63y · appointed 2021-06-01
View their other companies + combined net worth →
Active
WEBB, Andrew William
director · ~47y · appointed 2016-03-18
View their other companies + combined net worth →
Active

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

Recent filings (58 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-16
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-22
capital-allotment-shares
capital · SH01
2023-02-15
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-02-15
second-filing-capital-allotment-shares
capital · RP04SH01
2023-02-14
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-02-14