AFRICAN DEVELOPMENTS LTD

🌿Early-stageactive
15725620 · ltd · incorporated 2024-05-17
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
Upgrade to see
Turnover
year to May 2025
Net worth
£7.9k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 68100Buying and selling of own real estate
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
4 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £7,943

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£8k
Current Assets
£28k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-05-31
Total assets£7.9k
Current assets£28.0k
Net assets£7.9k

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 (7 events)Click to expand
  1. 2026-02-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-17
    🏢
    Company incorporated
    As AFRICAN DEVELOPMENTS LTD
  3. 2024-05-17
    CASSE, Calvin Gerard appointed
    director
  4. 2024-05-17
    HORNBY, Timothy appointed
    director
  5. 2024-05-17
    RUHLING, Stuart appointed
    director
  6. 2024-05-17
    VON MITZINGER, Gordon appointed
    director
  7. 2024-05-17
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

45/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Young company: Only 2.1 years old — management layer unlikely to be developed.

Succession & seller-readiness

30/100
Weak signal

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

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Gordon Von Mitzinger
Individual · British · DOB 05/1976 · age 50
2550%
25–50%25-50% shares · 25-50% voting17/05/2024
Timothy Hornby
Individual · British · DOB 04/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting17/05/2024

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.

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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.

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Company details

Statusactive
Typeltd
Incorporated2024-05-17
Jurisdictionengland-wales
Primary SIC41100 — Development of building projects

Registered office

African Developements Ltd , Unit 3 Upton Road
Fleetsbridge Business Centre
Poole
Dorset
BH17 7AF
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-05-30
Last: 2026-05-16

Officers (4 active · 0 resigned)

CASSE, Calvin Gerard
director · ~42y · appointed 2024-05-17
View their other companies + combined net worth →
Active
HORNBY, Timothy
director · ~51y · appointed 2024-05-17
View their other companies + combined net worth →
Active
RUHLING, Stuart
director · ~33y · appointed 2024-05-17
View their other companies + combined net worth →
Active
VON MITZINGER, Gordon
director · ~50y · appointed 2024-05-17
View their other companies + combined net worth →
Active

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

Recent filings (4 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-01
incorporation-company
incorporation · NEWINC
2024-05-17