A & F LETTINGS LIMITED

💤Zombieactive
10547986 · ltd · incorporated 2017-01-05
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 Mar 2026
Net worth
£4.1k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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: share sale to pe / searcher (58/100).

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 (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
36 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
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 105 (micro)
Positive net assets
Net assets £4,149
Net assets shrinking
Down £1,377 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£4k
↓ 25% YoY
Current Assets
£49k
↓ 13% YoY
Current Liabilities
—
£0£11k£23k£34k£45k£57kMar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2026-03-312025-03-31
Total assets£30.5k£35.3k
Current assets£49.1k£56.7k
Net assets£4.1k£5.5k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-05-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-09-22
    ➖
    RICHMAN, Lorraine Margaret resigned
    director
  3. 2025-09-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-05-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-06-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-09-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-12
    ➖
    CURTIS, Simon resigned
    secretary
  11. 2020-05-12
    ➖
    CURTIS, Simon resigned
    director
  12. 2020-05-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-05-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2020-05-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2020-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-05-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2020-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2020-02-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  19. 2019-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-04-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2018-05-11
    ➕
    GILPIN, Paul Andrew appointed
    director
  22. 2018-05-11
    ➕
    RICHMAN, Lorraine Margaret appointed
    director
  23. 2017-01-05
    🏢
    Company incorporated
    As A & F LETTINGS LIMITED
  24. 2017-01-05
    ➕
    CURTIS, Simon appointed
    secretary
  25. 2017-01-05
    ➕
    CURTIS, Simon 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 Paul Andrew Gilpin
Individual · British · DOB 04/1969 · age 57
75–100%
—75-100% shares12/05/2020
2 historic (ceased) PSCs
  • Mr Simon Curtisceased 12/05/2020· 75-100% shares
  • Mr Simon Curtisceased 12/05/2020· significant influence

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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01816878 · est 1984 · no financials extracted
————41y——
16 DELORME STREET LIMITED→
04291457 · est 2001 · no financials extracted
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24.5 LIMITED→
15953277 · est 2024 · no financials extracted
————1y——
41 WEST COKER ROAD MANAGEMENT COMPANY LIMITED→
05750914 · est 2006 · no financials extracted
————20y——
A & C PROPERTY (SOUTH WEST) LIMITED→
17080114 · est 2026 · no financials extracted
———————
A.E. SECURITIES LIMITED→
04079002 · est 2000 · no financials extracted
————25y——
A2 PRIME PROPERTY LTD→
17048773 · est 2026 · no financials extracted
———————
AAFF BLOCK MANAGEMENT LIMITED→
11400687 · est 2018 · no financials extracted
————7y——
ABACUS PROPERTIES (SW) LIMITED→
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———————
ABBOTT & FROST LTD.→
08251570 · est 2012 · no financials extracted
————13y——
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
Incorporated2017-01-05
Jurisdictionengland-wales
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

18 College Street
Burnham-On-Sea
TA8 1AE
England

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (1 active · 3 resigned)

GILPIN, Paul Andrew→
director · ~57y · appointed 2018-05-11
View their other companies + combined net worth →
Active
CURTIS, Simon→
secretary · appointed 2017-01-05 · resigned 2020-05-12
Resigned
CURTIS, Simon→
director · ~64y · appointed 2017-01-05 · resigned 2020-05-12
Resigned
RICHMAN, Lorraine Margaret→
director · ~66y · appointed 2018-05-11 · resigned 2025-09-22
Resigned

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

Recent filings (36 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-15
accounts-with-accounts-type-micro-entity
accounts · AA
2026-05-13
termination-director-company-with-name-termination-date
officers · TM01
2025-09-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-05-12