APPLEGATE PROPERTIES LIMITED
🌳Matureactive
01348316 · ltd · incorporated 1978-01-16
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Distressed property-backed borrower — structural issues outweigh the discount.
Opportunity 66/100 (strong), bankability 47/100. Strong seller-intent signal (63/100, director aged 72). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
15 live charges · 4 lenders · oldest 48.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 48.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 50/100 (high).
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
75
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
111 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
50
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Average employees | 100 | 100 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
- 2025-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-11-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-07-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-10-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-08-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-02-01➕GARLAND, David appointeddirector
- 2019-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-06-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-10📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2017-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2014-08-10➕GARLAND, David appointedsecretary
- 2010-10-01➖RICKETTS, William resignedsecretary
- 2002-02-21🔒Charge registered #15Lender: The Governor and Company of the Bank of Scotland
- 1990-02-16🔓Charge satisfied #13
- 1989-11-17🔓Charge satisfied #12
- 1989-11-17🔓Charge satisfied #11
- 1989-11-17🔓Charge satisfied #10
- 1989-11-17🔓Charge satisfied #9
- 1989-07-20🔒Charge registered #14Lender: Unity Trust Bank PLC
- 1989-05-23🔒Charge registered #13Lender: Unity Trust Bank PLC
- 1989-05-23🔒Charge registered #12Lender: Unity Trust Bank PLC
- 1989-04-27🔒Charge registered #11Lender: Unity Trust Bank PLC
- 1988-11-16🔒Charge registered #10Lender: Unity Trust Bank PLC
- 1988-08-26🔒Charge registered #9Lender: Unity Trust PLC
- 1988-01-21🔒Charge registered #8Lender: Unity Trust PLC
- 1987-03-03🔒Charge registered #7Lender: Barclays Bank PLC
- 1986-10-01🔒Charge registered #6Lender: Unity Trust PLC
- 1986-08-14🔒Charge registered #5Lender: Barclays Bank PLC
- 1985-07-22🔒Charge registered #4Lender: Barclays Bank PLC
- 1979-10-09🔒Charge registered #3Lender: Barclays Bank PLC
- 1978-11-01🔒Charge registered #2Lender: Barclays Bank PLC
- 1978-02-03🔒Charge registered #1Lender: Barclays Bank PLC
- 1978-01-16🏢Company incorporatedAs APPLEGATE PROPERTIES LIMITED
Owner dependency
73/100
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.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med · 1 lowConfirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-07-05
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
10 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Gordon Burgess Individual · British · DOB 09/1954 · age 72 | 75–100% | — | 75-100% shares | 02/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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Active · Property · TQ postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A W & E W PROPERTY SERVICES LIMITED→ 10482928 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALPHA EFRIDES LIMITED→ 16757895 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARMADALE HOUSE MANAGEMENT COMPANY LIMITED→ 05850032 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ARMADILLO HOMES LTD→ 16772259 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AS&P MANAGING CONSULTANTS LTD→ 11192887 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ASHELDON PROPERTIES LTD→ 13381064 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ASHFIELD RISE (TORQUAY) MANAGEMENT LIMITED→ 04805674 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ASHLEY HEIGHTS LIMITED→ 05600770 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ASHTONS PROPERTIES LTD→ 13147875 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ASPECT MANAGEMENT SOLUTIONS LTD→ 14276472 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ASSETS INTERNATIONAL LIMITED→ 07005528 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| ATKINS PROPERTY SERVICES LIMITED→ 10705766 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1978-01-16
Jurisdictionengland-wales
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
6 Grosvenor Terrace
Grosvenor Terrace
Teignmouth
TQ14 8NE
England
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-07-05OVERDUE
Last: 2025-06-21
Officers (3 active · 1 resigned)
Active
Active
GARLAND, David→
Activedirector · ~58y · appointed 2020-02-01
View their other companies + combined net worth →
RICKETTS, William→
Resignedsecretary · resigned 2010-10-01
Click a director name to see their full track record across all companies.
Mortgages & charges
15
Total charges
10
Outstanding
4
Active lenders
Status:Lender:15 of 15 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Legal charge | 1 property | 21/02/2002 | — | |
| outstanding | Unity Trust Bank Unity Trust Bank PLC | Legal charge | 1 property | 20/07/1989 | — | |
| satisfied | Unity Trust Bank Unity Trust Bank PLC | Legal charge | 1 property | 23/05/1989 | 16/02/1990 | |
| satisfied | Unity Trust Bank Unity Trust Bank PLC | Legal charge | 1 property | 23/05/1989 | 17/11/1989 | |
| satisfied | Unity Trust Bank Unity Trust Bank PLC | Legal charge | 1 property | 27/04/1989 | 17/11/1989 | |
| satisfied | Unity Trust Bank Unity Trust Bank PLC | Legal charge | 1 property | 16/11/1988 | 17/11/1989 | |
| satisfied | Unity Trust Unity Trust PLC | Legal charge | 1 property | 26/08/1988 | 17/11/1989 | |
| outstanding | Unity Trust Unity Trust PLC | Legal charge | 1 property | 21/01/1988 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 03/03/1987 | — | |
| outstanding | Unity Trust Unity Trust PLC | Legal charge | 1 property | 01/10/1986 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 14/08/1986 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 22/07/1985 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 09/10/1979 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 01/11/1978 | — | |
| outstanding | Barclays Barclays Bank PLC | Legal charge | 1 property | 03/02/1978 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (111 total)
change-person-director-company-with-change-date
officers · CH01
2025-11-14
change-person-director-company-with-change-date
officers · CH01
2025-11-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-16