AFP 1 INTERMEDIATE BORROWINGCO LIMITED

🏛️Establishedactive
10475025 · ltd · incorporated 2016-11-11
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
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 47/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 9.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 9.4 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • • 2 gazette
Last 180 days
2
filings
  • • 2 gazette
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-04-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-12-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-07-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2024-07-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-03-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2024-02-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-11-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2021-09-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2021-01-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2020-07-27
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2019-12-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2019-09-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  14. 2019-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-05-28
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  16. 2019-05-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  17. 2019-03-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-10-11
    ➕
    ASSET FINANCE PARTNERS GROUP LIMITED appointed
    corporate-director
  20. 2018-02-28
    ➖
    FINCH, Craig Ross resigned
    director
  21. 2018-01-05
    🔓
    Charge satisfied #3
  22. 2018-01-05
    🔓
    Charge satisfied #1
  23. 2017-12-21
    🔒
    Charge registered #5
    Lender: U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties (as Defined in the Instrument)
  24. 2017-12-21
    🔒
    Charge registered #4
    Lender: U.S. Bank Trustees Limited (As Class a Loan Security Trustee for the Class a Loan Secured Parties (as Defined in the Instrument))
  25. 2017-07-06
    ➕
    FINCH, Craig Ross appointed
    director
  26. 2017-01-17
    🔒
    Charge registered #3
    Lender: U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
  27. 2017-01-17
    🔒
    Charge registered #2
    Lender: U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
  28. 2017-01-17
    🔒
    Charge registered #1
    Lender: U.S. Bank Trustees Limited (As Class a Loan Security Trustee for the Class a Loan Secured Parties)
  29. 2016-11-11
    🏢
    Company incorporated
    As AFP 1 INTERMEDIATE BORROWINGCO LIMITED
  30. 2016-11-11
    ➕
    WIDMER, Christoph Matthias appointed
    director

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-09-29

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Asset Finance Partners Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Asset Finance Partners Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
AFP 1 INTERMEDIATE BORROWINGCO LIMITED
This company · 10475025

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Asset Finance Partners Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control21/12/2017
1 historic (ceased) PSC
  • Asset Finance Partners Limitedceased 21/12/2017· 75-100% shares · 75-100% voting · board control

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

9 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 →
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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
Incorporated2016-11-11
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Eighth Floor 6 New Street Square
New Fetter Lane
London
EC4A 3AQ
England

Filing status

Accounts
Next due: 2025-09-29OVERDUE
Last made up to: 2023-12-31
Confirmation statement
Next due: 2026-11-23
Last: 2025-11-09

Officers (2 active · 1 resigned)

WIDMER, Christoph Matthias→
director · ~59y · appointed 2016-11-11
View their other companies + combined net worth →
Active
ASSET FINANCE PARTNERS GROUP LIMITED→
corporate-director · appointed 2018-10-11
View their other companies + combined net worth →
Active
FINCH, Craig Ross→
director · ~43y · appointed 2017-07-06 · resigned 2018-02-28
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
U.S. Bank Trustees (As Class B Loan Security Trustee for the Class B Loan Secured Parties (as Defined in the Instrument)
U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties (as Defined in the Instrument)
A registered charge1 property21/12/2017—
outstanding
U.S. Bank Trustees (As Class a Loan Security Trustee for the Class a Loan Secured Parties (as Defined in the Instrument))
U.S. Bank Trustees Limited (As Class a Loan Security Trustee for the Class a Loan Secured Parties (as Defined in the Instrument))
A registered charge1 property21/12/2017—
satisfied
U.S. Bank Trustees (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
A registered charge—17/01/201705/01/2018
outstanding
U.S. Bank Trustees (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
U.S. Bank Trustees Limited (As Class B Loan Security Trustee for the Class B Loan Secured Parties)
A registered charge—17/01/2017—
satisfied
U.S. Bank Trustees (As Class a Loan Security Trustee for the Class a Loan Secured Parties)
U.S. Bank Trustees Limited (As Class a Loan Security Trustee for the Class a Loan Secured Parties)
A registered charge—17/01/201705/01/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (44 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-04-22
gazette-notice-compulsory
gazette · GAZ1
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
accounts-with-accounts-type-full
accounts · AA
2024-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-full
accounts · AA
2024-07-19
change-person-director-company-with-change-date
officers · CH01
2024-07-04
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-06
gazette-notice-compulsory
gazette · GAZ1
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-16
accounts-with-accounts-type-full
accounts · AA
2022-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-09
accounts-with-accounts-type-full
accounts · AA
2021-09-29
accounts-with-accounts-type-full
accounts · AA
2021-01-05