ADVANCED POLYMERS LIMITED
Opportunity 74/100 (strong), bankability 85/100. 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 (58/100).
Refinance opportunity
1 live charge · oldest 38.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 38.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2025-05-31 |
|---|---|
| Total assets | £162.0k |
| Current assets | £1.99M |
| Cash | £1.26M |
| Debtors | £448.5k |
| Net assets | £162.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 5 persons-with-significant-control
- • 2 officers
- • 1 confirmation-statement
- • 5 persons-with-significant-control
- • 2 officers
- • 1 confirmation-statement
Corporate timeline (31 events)Click to expand
- 2026-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-04-23📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-04-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-02➖WHITE, Amy Caroline resignedsecretary
- 2026-04-02➖WHITE, Gary James resigneddirector
- 2025-11-05📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2025-08-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-04-09📄capital-allotment-sharescapital · SH01
- 2021-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2009-06-01➕FIELD, Joseph James Edward appointeddirector
- 2009-05-31➖BEALCH, Peter Thomas resigneddirector
- 2004-06-01➖BEALCH, Peter Thomas resignedsecretary
- 2004-06-01➕WHITE, Gary James appointeddirector
- 2004-05-31➕WHITE, Amy Caroline appointedsecretary
- 2004-03-08➖WALKER, Robert John resignedsecretary
- 2003-09-10➕WALKER, Robert John appointedsecretary
- 2003-05-31➖HAYMAN, George resigneddirector
- 1994-03-09🔓Charge satisfied #1
- 1988-06-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1974-03-29🏢Company incorporatedAs ADVANCED POLYMERS LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 52 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
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: WHITE, Amy Caroline resigned 2026-04-02; WHITE, Gary James resigned 2026-04-02
Group structure
Adpol Holdings Ltd holds majority control (50-75%). Likely parent but not wholly-owned.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Adpol Holdings Ltd Corporate entity | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 02/04/2026 |
Mr Joseph James Edward Field Individual · British · DOB 02/1972 · age 54 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/07/2016 |
3 historic (ceased) PSCs
- Mr Gary James Whiteceased 02/04/2026· 25-50% shares · firm interest
- Mr Joseph James Edward Fieldceased 02/04/2026· 25-50% shares · 25-50% voting
- Mrs Amy Caroline Whiteceased 02/04/2026· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (1 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Debenture | 1 property | 10/06/1988 | 09/03/1994 |