AFO TOPCO LIMITED
🌿Early-stageactive
14513484 · ltd · incorporated 2022-11-29
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)Distressed asset-holding vehicle — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 70/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (63/100).
Data confidence
Overall: medium (68/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (5 active, 10 linked, 10 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
23 connected companies via shared directors
90
Filing history
49 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
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-11-30 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 90 days
1
filing
- • 1 capital
Last 180 days
8
filings
- • 4 capital
- • 2 confirmation-statement
- • 2 officers
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-04-21📄capital-allotment-sharescapital · SH01
- 2026-03-05📄capital-allotment-sharescapital · SH01
- 2026-02-26📄capital-cancellation-sharescapital · SH06
- 2026-02-26📄capital-return-purchase-own-sharescapital · SH03
- 2026-01-28📄replacement-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP01CS01
- 2026-01-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-01-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-06➕WEBB, Jothan appointeddirector
- 2025-12-31➖LAZENBY, Marie Louise resigneddirector
- 2025-12-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-09➕LEITH, Danielle Louise appointeddirector
- 2025-12-09➕MARKS, Nicola Jane appointeddirector
- 2025-12-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-18➖LYONS, Stuart resigneddirector
- 2025-05-29📄accounts-with-accounts-type-groupaccounts · AA
- 2025-05-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-05-02➖MITCHELL, Peter Lawrence resigneddirector
- 2025-04-24➖KOSKY, Howard Barry resigneddirector
- 2025-04-10📄capital-cancellation-sharescapital · SH06
- 2025-04-10📄capital-return-purchase-own-sharescapital · SH03
- 2025-04-02📄second-filing-of-director-appointment-with-nameofficers · RP04AP01
- 2025-03-31➕LYONS, Stuart appointeddirector
- 2025-03-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-31📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-29➕LAZENBY, Marie Louise appointeddirector
- 2025-03-21📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-01-30📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2025-01-30📄legacycapital · SH20
- 2025-01-30⚠️legacyinsolvency · CAP-SS
- 2025-01-30📄resolutionresolution · RESOLUTIONS
- 2024-05-23➕MCMILLAN, Wendy Juliet appointeddirector
- 2024-05-23➖HALLWORTH, Ryan resigneddirector
- 2023-01-17➕KOSKY, Howard Barry appointeddirector
- 2023-01-17➕MITCHELL, Peter Lawrence appointeddirector
- 2022-11-29🏢Company incorporatedAs AFO TOPCO LIMITED
- 2022-11-29➕ELLEY, Robin appointeddirector
- 2022-11-29➕HALLWORTH, Ryan appointeddirector
Owner dependency
40/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 high · 1 med ·1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2025-01-30: legacy
2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: LAZENBY, Marie Louise resigned 2025-12-31; LYONS, Stuart resigned 2025-11-18
🔒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 →Similar companies
Active · Holding company · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AFFIE INVESTMENTS LIMITED→ 12510704 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| AFFINITY CAPITAL GROUP LIMITED→ 15700867 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AFFINITY PRIVATE ENTERPRISE LIMITED→ 15627245 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AFFORDABLE HOMES FOR LIFE LTD→ 16640653 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFII CAPITAL PARTNERS LIMITED→ 16535500 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFO BIDCO LIMITED→ 14513993 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AFP BIOFUEL LIMITED→ 13332190 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| AFRICA DATA CENTRES HOLDINGS LIMITED→ 12271875 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| AFRICA MERCHANT CAPITAL ADVISORY LTD→ 09996845 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| AFRICA TERRA RESOURCES LTD→ 16888151 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AFRICAN LION GOLD PLC→ 13004051 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| AFRIPAY LTD→ 16284503 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2022-11-29
Jurisdictionengland-wales
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
12-14 Berry Street
London
EC1V 0AU
England
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28
Officers (5 active · 5 resigned)
ELLEY, Robin→
Activedirector · ~33y · appointed 2022-11-29
View their other companies + combined net worth →
LEITH, Danielle Louise→
Activedirector · ~40y · appointed 2025-12-09
View their other companies + combined net worth →
MARKS, Nicola Jane→
Activedirector · ~45y · appointed 2025-12-09
View their other companies + combined net worth →
MCMILLAN, Wendy Juliet→
Activedirector · ~51y · appointed 2024-05-23
View their other companies + combined net worth →
WEBB, Jothan→
Activedirector · ~41y · appointed 2026-01-06
View their other companies + combined net worth →
HALLWORTH, Ryan→
Resigneddirector · ~43y · appointed 2022-11-29 · resigned 2024-05-23
KOSKY, Howard Barry→
Resigneddirector · ~58y · appointed 2023-01-17 · resigned 2025-04-24
LAZENBY, Marie Louise→
Resigneddirector · ~60y · appointed 2025-03-29 · resigned 2025-12-31
LYONS, Stuart→
Resigneddirector · ~39y · appointed 2025-03-31 · resigned 2025-11-18
MITCHELL, Peter Lawrence→
Resigneddirector · ~55y · appointed 2023-01-17 · resigned 2025-05-02
Click a director name to see their full track record across all companies.
Recent filings (49 total)
capital-allotment-shares
capital · SH01
2026-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-10
capital-allotment-shares
capital · SH01
2026-03-05
capital-cancellation-shares
capital · SH06
2026-02-26
capital-return-purchase-own-shares
capital · SH03
2026-02-26
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-01-28
appoint-person-director-company-with-name-date
officers · AP01
2026-01-19
termination-director-company-with-name-termination-date
officers · TM01
2026-01-19
appoint-person-director-company-with-name-date
officers · AP01
2025-12-10
termination-director-company-with-name-termination-date
officers · TM01
2025-12-09
appoint-person-director-company-with-name-date
officers · AP01
2025-12-09
accounts-with-accounts-type-group
accounts · AA
2025-05-29
termination-director-company-with-name-termination-date
officers · TM01
2025-05-08
termination-director-company-with-name-termination-date
officers · TM01
2025-05-08
capital-cancellation-shares
capital · SH06
2025-04-10