AFTON BOARDING LIMITED

🌳Matureactive

SC249549 · ltd · incorporated 2003-05-16

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 22.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other service activities n.e.c.

Sector: Other service activities

Investor take

Pursue

Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 22.9y

65/100

clean up first

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

· Oldest live charge is 22.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

4 officers (3 active, 4 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

53 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Average employees	0	0

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-10-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-26
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-10-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2004-04-15
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2003-06-16
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-05-16
🏢
Company incorporated
As AFTON BOARDING LIMITED
2003-05-16
➕
CONDIE, Rosemary appointed
secretary
2003-05-16
➕
CONDIE, Michael appointed
director
2003-05-16
➕
CONDIE, Rosemary appointed
director
2003-05-16
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2003-05-16
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

84/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100

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 64. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Condie Individual · British · DOB 02/1965 · age 61	75–100%	—	75-100% shares	06/04/2016

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

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K.A.D.I.F.S. LIMITED→ SC248879 · est 2003	—	—	—	1100	22y	82	72y
SLS MEDICAL AESTHETICS LIMITED→ SC617555 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2003-05-16

Jurisdictionscotland

Primary SIC96090 — Other service activities n.e.c.

Registered office

Littlemark Farm

Dalleagles

New Cumnock

Ayrshire

KA18 4QW

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-05-30

Last: 2025-05-16

Officers (3 active · 1 resigned)

CONDIE, Rosemary→

secretary · appointed 2003-05-16

View their other companies + combined net worth →

Active

CONDIE, Michael→

director · ~61y · appointed 2003-05-16

View their other companies + combined net worth →

Active

CONDIE, Rosemary→

director · ~64y · appointed 2003-05-16

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2003-05-16 · resigned 2003-05-16

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	15/04/2004	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	16/06/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.