AFTHONIA LTD
- 68209Other letting and operating of own or leased real estate
Opportunity 69/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
5 live charges · 5 lenders · oldest 4.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.2 years — mid-life; refi window approaching.
- · 5 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £390.6k | £282.4k |
| Current assets | £18.1k | £17.7k |
| Net assets | £111.6k | £282.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (20 events)Click to expand
- 2025-10-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-05-07🔒Charge registered #5Lender: The Mortgage Works (UK) PLC
- 2025-02-25📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-02-25🔒Charge registered #4Lender: Landbay Partners Limited
- 2024-10-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-18🔒Charge registered #3Lender: Keystone Property Finance Limited
- 2023-08-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-06🔒Charge registered #2Lender: The Mortgage Lender Limited
- 2022-11-30📄resolutionresolution · RESOLUTIONS
- 2022-10-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-10📄change-person-director-company-with-change-dateofficers · CH01
- 2022-08-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-09🔒Charge registered #1Lender: Onesavings Bank PLC
- 2020-11-09🏢Company incorporatedAs AFTHONIA LTD
- 2020-11-09➕MANN, Reet appointeddirector
- 2020-11-09📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +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
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Reet Mann Individual · British · DOB 01/1986 · age 40 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 09/11/2020 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Mortgage Works (UK) The Mortgage Works (UK) PLC | A registered charge | 1 property | 07/05/2025 | — | |
| outstanding | Landbay Landbay Partners Limited | A registered charge | 1 property | 25/02/2025 | — | |
| outstanding | Keystone Property Finance Keystone Property Finance Limited | A registered charge | 1 property | 18/07/2024 | — | |
| outstanding | The Mortgage Lender The Mortgage Lender Limited | A registered charge | 1 property | 06/12/2022 | — | |
| outstanding | Onesavings Bank Onesavings Bank PLC | A registered charge | 1 property | 09/05/2022 | — |