AVRIO LIMITED

💤Zombieactive
SC230458 · ltd · incorporated 2002-04-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

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
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Average employees300300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-18
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2024-04-17
    ➕
    MAIN, Alex appointed
    secretary
  5. 2024-04-17
    ➖
    MACNAB, Jean Sinclair resigned
    secretary
  6. 2024-04-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2024-01-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-01-20
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  9. 2023-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-01-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-01-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-02-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2002-04-28
    ➕
    HORN, David Alexander appointed
    director
  19. 2002-04-28
    ➕
    MACNAB, Jean Sinclair appointed
    secretary
  20. 2002-04-17
    🏢
    Company incorporated
    As AVRIO LIMITED
  21. 2002-04-17
    ➕
    COSEC LIMITED appointed
    corporate-nominee-secretary
  22. 2002-04-17
    ➖
    COSEC LIMITED resigned
    corporate-nominee-secretary
  23. 2002-04-17
    ➕
    CODIR LIMITED appointed
    corporate-nominee-director
  24. 2002-04-17
    ➖
    CODIR LIMITED resigned
    corporate-nominee-director
  25. 2002-04-17
    ➕
    COSEC LIMITED appointed
    corporate-nominee-director
  26. 2002-04-17
    ➖
    COSEC LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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
NameSharesVoting rightsNature of controlNotified
Mr David Alexander Horn
Individual · British · DOB 05/1958 · age 68
50–75%
—50-75% shares17/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Retail · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
PENTLAND KITCHENS LIMITED→
SC307579 · est 2006
£680.9k
£510.6k–£851.1k
——019y8363y
LYON & TURNBULL LIMITED→
SC191166 · est 1998
£551.7k
£413.8k–£689.6k
——7527y8577y
FESTIVAL FRINGE TRADING LIMITED→
SC130813 · est 1991
£497.4k
£373.1k–£621.8k
——035y8577y
M&F FUNERAL SERVICES LIMITED→
SC365033 · est 2009
£273.1k
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——1116y8861y
DRINX.COM LIMITED→
SC203859 · est 2000
——£353.7k—26y8363y
GLASGOW ARCHITECTURAL SALVAGE LIMITED→
SC248258 · est 2003 · no financials extracted
————23y8358y
GLENTERRIN LIMITED→
SC116076 · est 1989
———710037y8364y
GRAHAM TISO LIMITED→
SC081944 · est 1983 · no financials extracted
————43y8360y
NGS TRADING COMPANY LIMITED→
SC312797 · est 2006 · no financials extracted
————19y8368y
PLANET FLOWERS LTD.→
SC212761 · est 2000
——£208.8k—25y8378y
THE DORMANT DISTILLERY COMPANY LIMITED→
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———6429y8362y
THE GREAT GROG COMPANY LIMITED→
SC194873 · est 1999
——£501.5k—27y8364y
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
Incorporated2002-04-17
Jurisdictionscotland
Primary SIC47599 — Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Registered office

71 Morningside Road
Edinburgh
EH10 4AY
Scotland

Filing status

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

Officers (2 active · 4 resigned)

MAIN, Alex→
secretary · appointed 2024-04-17
View their other companies + combined net worth →
Active
HORN, David Alexander→
director · ~68y · appointed 2002-04-28
View their other companies + combined net worth →
Active
MACNAB, Jean Sinclair→
secretary · appointed 2002-04-28 · resigned 2024-04-17
Resigned
COSEC LIMITED→
corporate-nominee-secretary · appointed 2002-04-17 · resigned 2002-04-17
Resigned
CODIR LIMITED→
corporate-nominee-director · appointed 2002-04-17 · resigned 2002-04-17
Resigned
COSEC LIMITED→
corporate-nominee-director · appointed 2002-04-17 · resigned 2002-04-17
Resigned

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

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-20
appoint-person-secretary-company-with-name-date
officers · AP03
2024-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
termination-secretary-company-with-name-termination-date
officers · TM02
2024-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-23
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-26