APPLETREE JOINERY PRODUCTS LIMITED

🌳Matureactive
01931775 · ltd · incorporated 1985-07-18
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
£881.2k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 16290
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (73/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 38.7y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 38.7 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 8 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £881,160
Net assets shrinking
Down £246,090 YoY
Cash draining
Cash down 48% YoY
Cash YoY
-48%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£100k
↓ 48% YoY
Net Worth
£881k
↓ 22% YoY
Current Assets
£1.9m
↑ 2.3% YoY
Current Liabilities
—
£0£386k£773k£1.2m£1.5m£1.9mOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Total assets£1.04M£1.40M
Current assets£1.93M£1.89M
Cash£99.6k£190.7k
Debtors£1.57M£1.39M
Net assets£881.2k£1.13M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-03-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2017-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2017-10-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2017-10-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  14. 2017-10-17
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  15. 2017-10-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2017-10-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-10-16
    🔓
    Charge satisfied #4
  18. 2017-10-16
    🔓
    Charge satisfied #3
  19. 2017-10-12
    ➕
    MORRISON, Fiona appointed
    director
  20. 2017-10-12
    ➕
    YOUNG, Nicola Louise appointed
    director
  21. 2017-10-12
    ➖
    PORRITT, Doreen resigned
    secretary
  22. 2017-10-12
    ➖
    PARDOE, John resigned
    director
  23. 2017-10-12
    ➖
    PARDOE, Shirley resigned
    director
  24. 2017-10-12
    ➖
    PORRITT, Basil Henry resigned
    director
  25. 2017-10-12
    ➖
    PORRITT, Doreen resigned
    director
  26. 2017-10-12
    🔒
    Charge registered #6
    Lender: Aldermore Bank PLC
  27. 2017-10-12
    🔒
    Charge registered #5
    Lender: Aldermore Bank PLC
  28. 2009-07-13
    🔒
    Charge registered #4
    Lender: Rbs Invoice Finance Limited
  29. 2002-09-01
    ➕
    PARDOE, John appointed
    director
  30. 2002-09-01
    ➕
    PORRITT, Basil Henry appointed
    director
  31. 2000-05-23
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  32. 1997-04-18
    ➖
    PARDOE, John resigned
    director
  33. 1997-04-18
    ➖
    PORRITT, Basil Henry resigned
    director
  34. 1995-01-24
    🔓
    Charge satisfied #1
  35. 1988-09-22
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 1987-11-04
    🔒
    Charge registered #1
    Lender: Durham County Council
  37. 1985-07-18
    🏢
    Company incorporated
    As APPLETREE JOINERY PRODUCTS LIMITED

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Tempest Research Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Tempest Research Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
APPLETREE JOINERY PRODUCTS LIMITED
This company · 01931775

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Tempest Research Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control12/10/2017

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

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1985-07-18
Jurisdictionengland-wales
Primary SIC16290 — SIC 16290

Registered office

Howden Road
Aycliffe Industrial Estate
Newton Aycliffe
County Durham
DL5 6EU

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-06-13
Last: 2026-05-30

Officers (2 active · 7 resigned)

MORRISON, Fiona→
director · ~63y · appointed 2017-10-12
View their other companies + combined net worth →
Active
YOUNG, Nicola Louise→
director · ~61y · appointed 2017-10-12
View their other companies + combined net worth →
Active
PORRITT, Doreen→
secretary · resigned 2017-10-12
Resigned
PARDOE, John→
director · ~75y · appointed 2002-09-01 · resigned 2017-10-12
Resigned
PARDOE, John→
director · ~75y · resigned 1997-04-18
Resigned
PARDOE, Shirley→
director · ~72y · resigned 2017-10-12
Resigned
PORRITT, Basil Henry→
director · ~84y · appointed 2002-09-01 · resigned 2017-10-12
Resigned
PORRITT, Basil Henry→
director · ~84y · resigned 1997-04-18
Resigned
PORRITT, Doreen→
director · ~83y · resigned 2017-10-12
Resigned

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

Mortgages & charges

6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge4 properties12/10/2017—
outstanding
Aldermore
Aldermore Bank PLC
A registered charge—12/10/2017—
satisfied
NatWest Group
Rbs Invoice Finance Limited
Debenture1 property13/07/200916/10/2017
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property23/05/200016/10/2017
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Debenture1 property22/09/1988—
satisfied
Durham County Council
Legal charge1 property04/11/198724/01/1995
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (128 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-07-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-30