AFL PROPERTIES LIMITED

💤Zombieactive
12421709 · ltd · incorporated 2020-01-23
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 Jan 2025
Net worth
£361.1k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 85/100. 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).

🏦

Refinance opportunity

4 live charges · oldest 6.0y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 6.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
25 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
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
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £361,105

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£361k
↑ 40% YoY
Current Assets
£26k
↑ 90% YoY
Current Liabilities
£0£72k£144k£217k£289k£361kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£361.6k£257.7k
Current assets£26.4k£13.9k
Net assets£361.1k£257.2k

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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-11-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-11-18
    LORGAT, Ahmed Adam resigned
    director
  3. 2025-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-02-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-10-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-03-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-03-13
    LORGAT, Ahmed Adam appointed
    director
  10. 2022-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2022-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-12-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-12-03
    🔓
    Charge satisfied #4
  15. 2022-12-03
    🔓
    Charge satisfied #3
  16. 2022-12-03
    🔓
    Charge satisfied #2
  17. 2022-12-03
    🔓
    Charge satisfied #1
  18. 2022-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2021-11-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2020-09-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2020-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2020-07-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2020-07-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  24. 2020-07-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  25. 2020-07-17
    🔒
    Charge registered #4
    Lender: Atom Bank PLC
  26. 2020-07-17
    🔒
    Charge registered #3
    Lender: Atom Bank PLC
  27. 2020-07-17
    🔒
    Charge registered #2
    Lender: Atom Bank PLC
  28. 2020-07-17
    🔒
    Charge registered #1
    Lender: Atom Bank PLC
  29. 2020-01-23
    🏢
    Company incorporated
    As AFL PROPERTIES LIMITED
  30. 2020-01-23
    LORGAT, Adam appointed
    director
  31. 2020-01-23
    📄
    incorporation-company
    incorporation · NEWINC

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

1 med ·
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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Adam Lorgat
Individual · British · DOB 03/1981 · age 45
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/01/2020

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
Incorporated2020-01-23
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Schofield Mill
Brunswick Street
Nelson
Lancashire
BB9 0HU
England

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22

Officers (1 active · 1 resigned)

LORGAT, Adam
director · ~45y · appointed 2020-01-23
View their other companies + combined net worth →
Active
LORGAT, Ahmed Adam
director · ~74y · appointed 2023-03-13 · resigned 2025-11-18
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Atom Bank
Atom Bank PLC
A registered charge17/07/202003/12/2022
satisfied
Atom Bank
Atom Bank PLC
A registered charge1 property17/07/202003/12/2022
satisfied
Atom Bank
Atom Bank PLC
A registered charge1 property17/07/202003/12/2022
satisfied
Atom Bank
Atom Bank PLC
A registered charge1 property17/07/202003/12/2022

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-14
termination-director-company-with-name-termination-date
officers · TM01
2025-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-08
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-13
change-person-director-company-with-change-date
officers · CH01
2024-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-13
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-20
appoint-person-director-company-with-name-date
officers · AP01
2023-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-17
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-03
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-03
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-03
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-03