AF TRADE EXPERTS LTD

💤Zombieactive
14449377 · ltd · incorporated 2022-10-28
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 Oct 2024
Net worth
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: Other retail sale not in stores, stalls or markets
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 56103Take-away food shops and mobile food stands
  • 56290Other food services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. 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, 3 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
50
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Average employees200200

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 address
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-12-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-08-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-07-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2024-03-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-03-01
    ASIF, Sadaf appointed
    director
  10. 2024-03-01
    ASIF, Muhammad resigned
    director
  11. 2024-03-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2024-03-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2024-01-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-02-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2023-02-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-10-28
    🏢
    Company incorporated
    As AF TRADE EXPERTS LTD
  17. 2022-10-28
    ASIF, Muhammad appointed
    director
  18. 2022-10-28
    📄
    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 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Sadaf Asif
Individual · Pakistani · DOB 10/1986 · age 40
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/03/2024
1 historic (ceased) PSC
  • Mr Muhammad Asifceased 01/03/2024· 75-100% shares · 75-100% voting · board control

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

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 →
🔒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
Incorporated2022-10-28
Jurisdictionengland-wales
Primary SIC47990 — Other retail sale not in stores, stalls or markets

Registered office

27 Margaret Avenue
Rochdale
OL16 5BG
England

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-13OVERDUE
Last: 2025-04-29

Officers (1 active · 1 resigned)

ASIF, Sadaf
director · ~40y · appointed 2024-03-01
View their other companies + combined net worth →
Active
ASIF, Muhammad
director · ~45y · appointed 2022-10-28 · resigned 2024-03-01
Resigned

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

Recent filings (17 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-31
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
gazette-notice-compulsory
gazette · GAZ1
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-29
change-person-director-company-with-change-date
officers · CH01
2024-03-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-05
appoint-person-director-company-with-name-date
officers · AP01
2024-03-01
termination-director-company-with-name-termination-date
officers · TM01
2024-03-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-03
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-22