AF CAFES LTD

🌿Early-stageactive
SC780273 · ltd · incorporated 2023-08-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
£128.4k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. 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 (69/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
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
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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 declared
Positive net assets
Net assets £128,380

Key financials

1 year extracted from filed iXBRL accounts
Cash
£115k
Net Worth
£128k
Current Assets
£129k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£139.8k
Current assets£128.6k
Cash£115.4k
Debtors£13.3k
Net assets£128.4k

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 (7 events)Click to expand
  1. 2025-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-16
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  3. 2023-08-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2023-08-24
    🏢
    Company incorporated
    As AF CAFES LTD
  5. 2023-08-24
    FEDI, Alessio Sean Paul appointed
    director
  6. 2023-08-24
    FEDI, Mairi Menzies appointed
    director
  7. 2023-08-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material 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.
  • +Young company: Only 2.7 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Alessio Sean Paul Fedi
Individual · Scottish · DOB 12/1988 · age 38
5075%
50–75%board control50-75% shares · 50-75% voting · board control24/08/2023
Mrs Mairi Menzies Fedi
Individual · Scottish · DOB 02/1992 · age 34
2550%
25–50%25-50% shares · 25-50% voting24/08/2023

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

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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.

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Company details

Statusactive
Typeltd
Incorporated2023-08-24
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

Pavilion 1 Finnieston Business Park
Minerva Way
Glasgow
G3 8AU
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-09-06
Last: 2025-08-23

Officers (2 active · 0 resigned)

FEDI, Alessio Sean Paul
director · ~38y · appointed 2023-08-24
View their other companies + combined net worth →
Active
FEDI, Mairi Menzies
director · ~34y · appointed 2023-08-24
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-25
change-account-reference-date-company-current-extended
accounts · AA01
2024-07-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-25
incorporation-company
incorporation · NEWINC
2023-08-24