A.P.S. ENGINEERING LIMITED
💤Zombieactive
01869822 · ltd · incorporated 1984-12-07
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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 65). 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).
🏦
Refinance opportunity
1 live charge · oldest 12.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
105 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 | 2024-12-31 | 2023-12-31 |
|---|
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-03-28📍default-companies-house-service-address-applied-officeraddress · RP09
- 2024-10-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-10-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-09-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-04📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-11➖LUTTEMAN, Sune Mauritz resigneddirector
- 2021-09-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-10-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-08-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2015-08-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-03-10📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-03-19🔒Charge registered #1Lender: National Westminster Bank PLC
- 1992-09-20➕LUTTEMAN, Renee Viola appointedsecretary
- 1992-07-20➕LUTTEMAN, Per Hans Mauritz appointeddirector
- 1992-07-20➖ANDERSSON, Lars resignedsecretary
- 1992-07-20➖ANDERSSON, Gerd resigneddirector
- 1992-07-20➕LUTTEMAN, Sune Mauritz appointeddirector
- 1984-12-07🏢Company incorporatedAs A.P.S. ENGINEERING LIMITED
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 42 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Per Hans Mauritz Lutteman Individual · Swedish · DOB 11/1961 · age 65 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 04/07/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · SL postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A J B ENGINEERING SERVICES LIMITED→ 04506799 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| A.L.S. PRESENTATION LIMITED→ 02722363 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| A&M WELLNESS LTD→ 16552294 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ACE COLD LTD→ 15221780 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ADAM'S REPAIRS AND SUPPLY LTD→ 16915361 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADDY TRADERS LTD→ 16814041 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ADVANCED INDUSTRIAL REPAIR GROUP LTD→ 16425236 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIRGRAHAM LTD→ 16803703 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AIRVAN MOBILE 24/7 TYRES LTD→ 16329733 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AJK CONTRACTS LTD→ 13666111 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| AKZO NOBEL COATINGS LIMITED→ 03124411 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| AKZO NOBEL PACKAGING COATINGS LIMITED→ 00059837 · est 1898 · no financials extracted | — | — | — | — | 127y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1984-12-07
Jurisdictionengland-wales
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
6 Spinfield Park
Marlow
Buckinghamshire
SL7 2DD
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30
Officers (2 active · 3 resigned)
LUTTEMAN, Renee Viola→
Activesecretary · appointed 1992-09-20
View their other companies + combined net worth →
LUTTEMAN, Per Hans Mauritz→
Activedirector · ~65y · appointed 1992-07-20
View their other companies + combined net worth →
ANDERSSON, Lars→
Resignedsecretary · resigned 1992-07-20
ANDERSSON, Gerd→
Resigneddirector · ~80y · resigned 1992-07-20
LUTTEMAN, Sune Mauritz→
Resigneddirector · ~96y · appointed 1992-07-20 · resigned 2022-02-11
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 19/03/2014 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (105 total)
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-07
default-companies-house-service-address-applied-officer
address · RP09
2025-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-04
termination-director-company-with-name-termination-date
officers · TM01
2022-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-30