APC CARDIOVASCULAR LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 62). 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 31.5y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 31.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £220.7k | £141.2k |
| Current assets | £964.3k | £951.5k |
| Cash | £275.7k | £255.0k |
| Debtors | £510.2k | £449.6k |
| Net assets | £143.0k | £8.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (41 events)Click to expand
- 2025-09-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-09-01🔓Charge satisfied #5
- 2025-08-12📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-31🔒Charge registered #6Lender: Npif Ii - Debt Yh LP Acting Through Its General Partner Mbl (General Partner Npif Ii - Debt Yh) Limited
- 2025-03-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-14📄memorandum-articlesincorporation · MA
- 2023-02-09📄memorandum-articlesincorporation · MA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-06🔒Charge registered #5Lender: Npif Y&H Debt L.P. Acting Through It’S General Partner Evbl (General Partner Npif Y&H Debt) Limited (“Npiflp”)
- 2021-06-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-01-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-01-26🔓Charge satisfied #4
- 2021-01-26🔓Charge satisfied #2
- 2021-01-26🔓Charge satisfied #3
- 2021-01-26🔓Charge satisfied #1
- 2016-01-15🔒Charge registered #4Lender: National Westminster Bank PLC
- 2013-03-31➕LAW-LYONS, Amanda Jayne appointeddirector
- 2012-01-06➕LAW-LYONS, Stephen Alan appointeddirector
- 2012-01-06➖EBDEN, Derrick resignedsecretary
- 2012-01-06➖EBDEN, Derrick resigneddirector
- 2012-01-06➖EBDEN, Sylvia Anne resigneddirector
- 2012-01-06🔒Charge registered #2Lender: Close Invoice Finance LTD
- 2012-01-04🔒Charge registered #3Lender: National Westminster Bank PLC
- 1995-01-05🔒Charge registered #1Lender: National Westminster Bank PLC
- 1994-02-01➕EBDEN, Sylvia Anne appointeddirector
- 1994-01-01➖LUPER, Robin Duncan resigneddirector
- 1993-09-01➖TILLEY, Nigel Gordon resigneddirector
- 1992-09-17➕EBDEN, Derrick appointedsecretary
- 1989-09-18🏢Company incorporatedAs APC CARDIOVASCULAR LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 14 years.
- secondaryStable-but-static management: Company is 37 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 instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Alan Law-Lyons Individual · British · DOB 04/1968 · age 58 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mrs Amanda Jayne Law-Lyons Individual · British · DOB 05/1964 · age 62 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
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.
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6 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 (2 active · 5 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Npif Ii - Debt Yh LP Acting Through Its General Partner Mbl (General Partner Npif Ii - Debt Yh) Npif Ii - Debt Yh LP Acting Through Its General Partner Mbl (General Partner Npif Ii - Debt Yh) Limited | A registered charge | — | 31/07/2025 | — | |
| satisfied | Npif Y&H Debt L.P. Acting Through It’S General Partner Evbl (General Partner Npif Y&H Debt) (“Npiflp”) Npif Y&H Debt L.P. Acting Through It’S General Partner Evbl (General Partner Npif Y&H Debt) Limited (“Npiflp”) | A registered charge | — | 06/04/2022 | 01/09/2025 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | A registered charge | 1 property | 15/01/2016 | 26/01/2021 | |
| satisfied | Close Invoice Finance Close Invoice Finance LTD | Debenture | 1 property | 06/01/2012 | 26/01/2021 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Charge of deposit | 1 property | 04/01/2012 | 26/01/2021 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 05/01/1995 | 26/01/2021 |