A&F ESTATES LTD
🏛️Establishedactive
SC623302 · ltd · incorporated 2019-03-05
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 Mar 2025
Net worth
£50.1k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 46900Non-specialised wholesale trade
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
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, 3 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £50,145
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£50k
↑ 45% YoY
Current Assets
£54k
↑ 16% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £50.6k | £37.6k |
| Current assets | £53.6k | £46.2k |
| Net assets | £50.1k | £34.7k |
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 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-12-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-12-23📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-05🏢Company incorporatedAs A&F ESTATES LTD
- 2019-03-05➕IQBAL, Anum appointeddirector
- 2019-03-05➕IQBAL, Farhan appointeddirector
- 2019-03-05📄incorporation-companyincorporation · NEWINC
Owner dependency
71/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Farhan Iqbal Individual · British · DOB 07/1988 · age 38 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/03/2019 |
Mrs Anum Iqbal Individual · British · DOB 11/1989 · age 37 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/03/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A GILLESPIE JOINERY LIMITED→ SC682468 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| A.C.W SERVICES LTD.→ SC589806 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| A.D.B. PROPERTY MAINTENANCE LTD.→ SC292511 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| A&F (SCOT) LTD→ SC515866 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| AB DECORATORS LIMITED→ SC784889 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ABIFF LTD→ SC844090 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AC2 SIGNALLING LTD→ SC699299 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ACCENT DOORS AND WINDOWS SCOTLAND LTD→ SC767695 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ACL DECORATORS LIMITED→ SC278268 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| ACS ALLTRADES LTD→ SC870606 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACW CONTRACTS LTD→ SC688069 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ADAPT ELECTRICAL SCOTLAND LTD→ SC653097 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
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.
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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
Incorporated2019-03-05
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
222 Low Waters Road
Hamilton
ML3 7QR
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-18
Last: 2026-03-04
Officers (2 active · 0 resigned)
Active
IQBAL, Farhan→
Activedirector · ~38y · appointed 2019-03-05
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (14 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-11
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-10
incorporation-company
incorporation · NEWINC
2019-03-05