AK FORECOURTS NORTH LTD

🌿Early-stageactive
14811764 · ltd · incorporated 2023-04-18
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 Jun 2025
Net worth
£50.2k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · oldest 2.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 2.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
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
4 connected companies via shared directors
57
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
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 £50,203

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£50k
↑ 214% YoY
Current Assets
£83k
↓ 34% YoY
Current Liabilities
£0£25k£50k£75k£100k£124kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-06-302024-06-30
Total assets£3.09M£3.12M
Current assets£82.6k£124.5k
Net assets£50.2k£16.0k

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2026-02-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-12-10
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  5. 2023-10-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-10-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2023-10-19
    🔒
    Charge registered #2
    Lender: Lloyds Bank PLC ("the Bank")
  8. 2023-10-19
    🔒
    Charge registered #1
    Lender: Lloyds Bank PLC ("the Bank")
  9. 2023-04-18
    🏢
    Company incorporated
    As AK FORECOURTS NORTH LTD
  10. 2023-04-18
    ASHRAF, Usman appointed
    director
  11. 2023-04-18
    KHOKHAR, Aamir appointed
    director
  12. 2023-04-18
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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
Aamir Khokhar
Individual · British · DOB 08/1980 · age 46
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/04/2023

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
Incorporated2023-04-18
Jurisdictionengland-wales
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

2 Lacewood Gardens
Reading
Berkshire
RG2 8JW
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (2 active · 0 resigned)

ASHRAF, Usman
director · ~29y · appointed 2023-04-18
View their other companies + combined net worth →
Active
KHOKHAR, Aamir
director · ~46y · appointed 2023-04-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank PLC ("the Bank")
A registered charge19/10/2023
outstanding
Lloyds Banking Group
Lloyds Bank PLC ("the Bank")
A registered charge19/10/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (10 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
accounts-with-accounts-type-dormant
accounts · AA
2024-12-10
change-account-reference-date-company-current-shortened
accounts · AA01
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-24
incorporation-company
incorporation · NEWINC
2023-04-18