AAFC ESTATES LIMITED

💤Zombieactive
SC428722 · ltd · incorporated 2012-07-20
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 Jul 2025
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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: high (80/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-06-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-03-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-04-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2023-04-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-04-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-04-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-06-17
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  9. 2022-06-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2022-06-04
    TODDS YARD TWO LTD appointed
    corporate-secretary
  11. 2022-06-04
    MULRANEY, Valerie resigned
    secretary
  12. 2022-03-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-03-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-04-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-03-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-03-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-05-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2017-05-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2012-07-20
    🏢
    Company incorporated
    As AAFC ESTATES LIMITED
  20. 2012-07-20
    MULRANEY, Michael appointed
    director
  21. 2012-07-20
    MULRANEY, Valerie appointed
    secretary

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • 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.)

Group structure

Aafc Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Aafc Holdings Limited
Corporate parent · holds 75-100% shares
ultimate parent
AAFC ESTATES LIMITED
This company · SC428722

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Aafc Holdings Limited
Corporate entity
75100%
75-100% shares01/12/2016
Mr Michael Mulraney
Individual · British · DOB 12/1968 · age 58
sig. influencesignificant influence06/04/2016

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
Incorporated2012-07-20
Jurisdictionscotland
Primary SIC93110 — Operation of sports facilities

Registered office

Lime Tree House
North Castle Street
Alloa
FK10 1EX
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-06-28
Last: 2025-06-14

Officers (2 active · 1 resigned)

TODDS YARD TWO LTD
corporate-secretary · appointed 2022-06-04
View their other companies + combined net worth →
Active
MULRANEY, Michael
director · ~58y · appointed 2012-07-20
View their other companies + combined net worth →
Active
MULRANEY, Valerie
secretary · appointed 2012-07-20 · resigned 2022-06-04
Resigned

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

Recent filings (33 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-03-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-dormant
accounts · AA
2025-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-19
accounts-with-accounts-type-dormant
accounts · AA
2024-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
accounts-with-accounts-type-dormant
accounts · AA
2023-04-21
change-person-director-company-with-change-date
officers · CH01
2023-04-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-17
appoint-corporate-secretary-company-with-name-date
officers · AP04
2022-06-17
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-17
accounts-with-accounts-type-dormant
accounts · AA
2022-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-16