ALF LOGISTICS LTD

💤Zombieactive
NI667701 · ltd · incorporated 2020-02-13
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 Feb 2023
Net worth
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (78/100)

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
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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
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£0Feb 2022Feb 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2023-02-282022-02-28
Average employees13001200

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2023-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2023-06-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2023-05-31
    MULLAN, Fergal resigned
    secretary
  4. 2022-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-06-04
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2020-03-01
    MULLAN, Fergal appointed
    secretary
  8. 2020-02-13
    🏢
    Company incorporated
    As ALF LOGISTICS LTD
  9. 2020-02-13
    MULLAN, Martin appointed
    director
  10. 2020-02-13
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-02-28

Confirmation statement overdue
high

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

Evidence: Next due: 2026-02-26

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Martin Mullan
Individual · Irish · DOB 08/1954 · age 72
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/02/2020

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

11 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
Incorporated2020-02-13
Jurisdictionnorthern-ireland
Primary SIC49410 — Freight transport by road

Registered office

42 Temple Road
Garvagh
Coleraine
BT51 5BJ
Northern Ireland

Filing status

Accounts
Next due: 2025-02-28OVERDUE
Last made up to: 2023-02-28
Confirmation statement
Next due: 2026-02-26OVERDUE
Last: 2025-02-12

Officers (1 active · 1 resigned)

MULLAN, Martin
director · ~72y · appointed 2020-02-13
View their other companies + combined net worth →
Active
MULLAN, Fergal
secretary · appointed 2020-03-01 · resigned 2023-05-31
Resigned

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

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-13
appoint-person-secretary-company-with-name-date
officers · AP03
2020-06-04
incorporation-company
incorporation · NEWINC
2020-02-13