A E P L LIMITED

🌳Matureactive

02479631 · ltd · incorporated 1990-03-12

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 Mar 2025

Net worth

£-50.6k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

ALSO REGISTERED FOR

85310General secondary education

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 67/100. Strong seller-intent signal (88/100, director aged 83). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 32.6y

15/100

under pressure

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

· Oldest live charge is 32.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

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, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

7 officers (3 active, 7 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

128 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £50,592

Very low cash

Cash position: £79

Cash draining

Cash down 96% YoY

Cash YoY

-96%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£79

↓ 96% YoY

Net Worth

-£51k

↑ 5.1% YoY

Current Assets

£79

↓ 97% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£-50.4k	£-53.0k
Current assets	£79	£2.4k
Cash	£79	£1.8k
Debtors	—	£647
Net assets	£-50.6k	£-53.3k

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

🔒Filing-note intelligence

3 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

filings

Last 90 days

filings

Last 180 days

filings

• 4 mortgage
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (38 events)Click to expand

2026-01-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-05
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-05
🔓
Charge satisfied #4
2026-01-05
🔓
Charge satisfied #3
2026-01-05
🔓
Charge satisfied #2
2026-01-05
🔓
Charge satisfied #1
2025-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-22
📄
change-person-director-company-with-change-date
officers · CH01
2025-04-08
📄
change-person-director-company-with-change-date
officers · CH01
2025-03-27
📄
change-person-director-company-with-change-date
officers · CH01
2025-03-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-03-26
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-03-25
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-11
📄
change-person-director-company-with-change-date
officers · CH01
2022-03-11
📄
change-person-secretary-company-with-change-date
officers · CH03
2021-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2010-03-13
➖
FOMICHEV, Ruslan Mihailovich resigned
director
2006-02-23
🔒
Charge registered #4
Lender: Dexter Property Limited
2002-04-10
➕
MACKENZIE OF FRAMWELLGATE, Brian, Lord appointed
director
2002-04-10
➕
FOMICHEV, Ruslan Mihailovich appointed
director
1999-04-01
➕
YAROSHENKO, Ekaterina appointed
secretary
1999-04-01
➕
BORCHTCHEVSKI, Platon Mikhailovich appointed
director
1999-04-01
➖
BORSHCHEVSKI, Platon resigned
secretary
1999-04-01
➖
BORSHCHEVSKI, Mikhail Benjamin resigned
director
1995-05-31
🔒
Charge registered #3
Lender: Pennant Investments Limited
1995-02-20
🔒
Charge registered #2
Lender: Pennant Investments Limited
1993-09-21
➖
BAILEY, Katherine resigned
secretary
1993-09-21
🔒
Charge registered #1
Lender: Mrs. Roschal-Stroeva
1990-03-12
🏢
Company incorporated
As A E P L LIMITED
1990-03-12
➕
BORSHCHEVSKI, Mikhail Benjamin appointed
director

Owner dependency

83/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

91/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
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

1 high · 1 med ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-26

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Platon Mikhailovich Borchtchevski Individual · British · DOB 10/1969 · age 57	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

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 →

Similar companies

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401VAULT LIMITED→ 16341343 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
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A3S GLOBAL LTD→ 12511447 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
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AALO INVESTMENT LTD→ 13601369 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AATF LIMITED→ 16597475 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ABOUELELA LIMITED→ 14880091 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACCISMUS LTD→ 15579115 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACE ART ADVISORY LTD→ 13441584 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ACEN METAL CO., LTD→ 15068161 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACEQUARE LIMITED→ 09190130 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ACGK DESIGN LTD→ 16956122 · est 2026 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated1990-03-12

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

55 Loudoun Road

London

NW8 0DL

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-03-26OVERDUE

Last: 2025-03-12

Officers (3 active · 4 resigned)

YAROSHENKO, Ekaterina→

secretary · appointed 1999-04-01

View their other companies + combined net worth →

Active

BORCHTCHEVSKI, Platon Mikhailovich→

director · ~57y · appointed 1999-04-01

View their other companies + combined net worth →

Active

MACKENZIE OF FRAMWELLGATE, Brian, Lord→

director · ~83y · appointed 2002-04-10

View their other companies + combined net worth →

Active

BAILEY, Katherine→

secretary · resigned 1993-09-21

Resigned

BORSHCHEVSKI, Platon→

secretary · resigned 1999-04-01

Resigned

BORSHCHEVSKI, Mikhail Benjamin→

director · ~87y · appointed 1990-03-12 · resigned 1999-04-01

Resigned

FOMICHEV, Ruslan Mihailovich→

director · ~57y · appointed 2002-04-10 · resigned 2010-03-13

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
satisfied	Dexter Property Dexter Property Limited	Rent deposit deed	1 property	23/02/2006	05/01/2026
satisfied	Pennant Investments Pennant Investments Limited	Rent deposit deed	1 property	31/05/1995	05/01/2026
satisfied	Pennant Investments Pennant Investments Limited	Rent deposit deed	1 property	20/02/1995	05/01/2026
satisfied	Mrs. Roschal-Stroeva	Deed	1 property	21/09/1993	05/01/2026

Recent filings (128 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-05

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-05

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-05

mortgage-satisfy-charge-full

mortgage · MR04

2026-01-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-23

change-person-director-company-with-change-date

officers · CH01

2025-04-22

confirmation-statement-with-updates

confirmation-statement · CS01

2025-04-08

change-person-director-company-with-change-date

officers · CH01

2025-04-08

change-person-director-company-with-change-date

officers · CH01

2025-03-27

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-03-26

change-person-secretary-company-with-change-date

officers · CH03

2025-03-26

change-person-director-company-with-change-date

officers · CH01

2025-03-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-12-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-20