AFFAAN TECHNOLOGIES LIMITED

🏛️Establishedactive
12503248 · ltd · incorporated 2020-03-06
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
—
year to Mar 2025
Net worth
£-17.3k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47421SIC 47421
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 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
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 102
Negative net assets
Liabilities exceed assets by £17,258
Cash YoY
-10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↓ 10% YoY
Net Worth
-£17k
↓ 7817% YoY
Current Assets
£35k
↓ 2.2% YoY
Current Liabilities
—
-£17k-£7k£4k£15k£25k£36kMar 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
Total assets£-12.3k£11.2k
Current assets£35.3k£36.1k
Cash£7.1k£7.9k
Debtors£22.2k£22.2k
Net assets£-17.3k£-218

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 confirmation-statement
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 (15 events)Click to expand
  1. 2026-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-07-11
    ➕
    AZAZ, Mudassar appointed
    director
  5. 2023-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-07-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2021-06-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2021-06-26
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  11. 2021-06-22
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2020-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-03-06
    🏢
    Company incorporated
    As AFFAAN TECHNOLOGIES LIMITED
  14. 2020-03-06
    ➕
    SAMAD, Abdul appointed
    director
  15. 2020-03-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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 Abdul Samad
Individual · Pakistani · DOB 10/1979 · age 47
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/03/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2020-03-06
Jurisdictionengland-wales
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

25 Lemon Street
Truro
Cornwall
TR1 2LS
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-19
Last: 2026-03-05

Officers (2 active · 0 resigned)

AZAZ, Mudassar→
director · ~44y · appointed 2024-07-11
View their other companies + combined net worth →
Active
SAMAD, Abdul→
director · ~47y · appointed 2020-03-06
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
2026-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-17
appoint-person-director-company-with-name-date
officers · AP01
2024-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-16
gazette-filings-brought-up-to-date
gazette · DISS40
2021-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-30