APPLIED LEASING LTD

💤Zombieactive
02473288 · ltd · incorporated 1990-02-22
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 Mar 2025
Net worth
£83.2k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other activities auxiliary to financial services, except insurance and pension funding
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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: Cash flow review and working-capital discipline. Cash down -31% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: strategic trade sale (65/100).

🏦

Refinance opportunity

1 live charge · oldest 28.1y

45/100
under pressure

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

  • · Oldest live charge is 28.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
13 officers (1 active, 13 linked, 10 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
131 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £83,157
Cash YoY
-31%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£112k
↓ 31% YoY
Net Worth
£83k
↑ 20% YoY
Current Assets
£219k
↓ 12% YoY
Current Liabilities
—
£0£50k£99k£149k£199k£249kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£108.7k£107.7k
Current assets£218.7k£248.7k
Cash£112.3k£161.9k
Debtors£106.4k£86.9k
Net assets£83.2k£69.4k

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
3
filings
  • • 2 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-02-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-09-22
    ➖
    JOYCE, Corrinne Angela resigned
    director
  4. 2025-09-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-06-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2025-06-13
    ➖
    JOYCE, Corrinne Angela resigned
    secretary
  7. 2024-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-02-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  10. 2022-11-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-03-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-04-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2019-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-04-02
    ➕
    JOYCE, Lucy Ann appointed
    director
  18. 2019-04-02
    ➖
    JOYCE, Peter resigned
    director
  19. 2018-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-06-16
    🔓
    Charge satisfied #1
  21. 2012-02-01
    ➖
    JOYCE, Lucy Ann resigned
    director
  22. 2009-11-01
    ➕
    JOYCE, Lucy Ann appointed
    director
  23. 2007-02-16
    ➖
    HEDGES, Natalie Ruth resigned
    director
  24. 2006-03-01
    ➖
    CLAYTON, Adam Spencer resigned
    director
  25. 2004-03-01
    ➕
    CLAYTON, Adam Spencer appointed
    director
  26. 2004-03-01
    ➕
    HEDGES, Natalie Ruth appointed
    director
  27. 2003-08-27
    ➖
    CLAYTON, Glanville Vaughan resigned
    director
  28. 2003-08-22
    ➕
    JOYCE, Corrinne Angela appointed
    director
  29. 2003-08-01
    ➕
    JOYCE, Corrinne Angela appointed
    secretary
  30. 2003-02-28
    ➖
    ROPER, Paul resigned
    secretary
  31. 2003-02-28
    ➖
    ROPER, Paul resigned
    director
  32. 1998-05-07
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  33. 1996-11-01
    ➖
    ASTON, Julia Cecilia resigned
    secretary
  34. 1996-11-01
    ➖
    ASTON, Julia Cecilia resigned
    director
  35. 1996-10-31
    ➕
    ROPER, Paul appointed
    secretary
  36. 1996-10-31
    ➖
    ASTON, Paul Edgar resigned
    director
  37. 1996-10-31
    ➕
    CLAYTON, Glanville Vaughan appointed
    director
  38. 1996-10-31
    ➕
    JOYCE, Peter appointed
    director
  39. 1996-10-31
    ➕
    ROPER, Paul appointed
    director
  40. 1990-02-22
    🏢
    Company incorporated
    As APPLIED LEASING LTD

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 36 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Peter Joyce
Individual · British · DOB 09/1951 · age 75
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated1990-02-22
Jurisdictionengland-wales
Primary SIC66190 — Other activities auxiliary to financial services, except insurance and pension funding

Registered office

Suite 2.08 Grosvenor House
Central Park
Telford
TF2 9TW
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-02
Last: 2026-03-19

Officers (1 active · 12 resigned)

JOYCE, Lucy Ann→
director · ~36y · appointed 2019-04-02
View their other companies + combined net worth →
Active
ASTON, Julia Cecilia→
secretary · resigned 1996-11-01
Resigned
JOYCE, Corrinne Angela→
secretary · appointed 2003-08-01 · resigned 2025-06-13
Resigned
ROPER, Paul→
secretary · appointed 1996-10-31 · resigned 2003-02-28
Resigned
ASTON, Julia Cecilia→
director · ~76y · resigned 1996-11-01
Resigned
ASTON, Paul Edgar→
director · ~77y · resigned 1996-10-31
Resigned
CLAYTON, Adam Spencer→
director · ~53y · appointed 2004-03-01 · resigned 2006-03-01
Resigned
CLAYTON, Glanville Vaughan→
director · ~74y · appointed 1996-10-31 · resigned 2003-08-27
Resigned
HEDGES, Natalie Ruth→
director · ~49y · appointed 2004-03-01 · resigned 2007-02-16
Resigned
JOYCE, Corrinne Angela→
director · ~71y · appointed 2003-08-22 · resigned 2025-09-22
Resigned
JOYCE, Lucy Ann→
director · ~36y · appointed 2009-11-01 · resigned 2012-02-01
Resigned
JOYCE, Peter→
director · ~75y · appointed 1996-10-31 · resigned 2019-04-02
Resigned
ROPER, Paul→
director · ~64y · appointed 1996-10-31 · resigned 2003-02-28
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property07/05/199816/06/2015

Recent filings (131 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
change-person-director-company-with-change-date
officers · CH01
2026-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-25
termination-director-company-with-name-termination-date
officers · TM01
2025-09-22
termination-secretary-company-with-name-termination-date
officers · TM02
2025-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-16
change-account-reference-date-company-current-extended
accounts · AA01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-23