LEATHERLAND EUROPE LTD

💤Zombieactive
12363720 · ltd · incorporated 2019-12-16
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 Dec 2024
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Retail sale of leather goods in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (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: high (80/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red 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

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-09-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-05-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2024-08-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2021-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-11-25
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  9. 2021-11-16
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  10. 2021-04-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2020-10-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-12-16
    🏢
    Company incorporated
    As LEATHERLAND EUROPE LTD
  14. 2019-12-16
    REHMAN, Afzal Ur appointed
    director
  15. 2019-12-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 Afzal Ur Rehman
Individual · British · DOB 09/1980 · age 46
75100%
75-100% shares16/12/2019

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.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2019-12-16
Jurisdictionengland-wales
Primary SIC47722 — Retail sale of leather goods in specialised stores

Registered office

Suite 121, Apollo Centre Desborough Road
High Wycombe
HP11 2QW
England

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-21
Last: 2025-12-07

Officers (1 active · 0 resigned)

REHMAN, Afzal Ur
director · ~46y · appointed 2019-12-16
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-dormant
accounts · AA
2025-09-10
change-person-director-company-with-change-date
officers · CH01
2025-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-07
accounts-with-accounts-type-dormant
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-14
gazette-filings-brought-up-to-date
gazette · DISS40
2021-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-07
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-11-25
gazette-notice-compulsory
gazette · GAZ1
2021-11-16
gazette-filings-brought-up-to-date
gazette · DISS40
2021-04-13