APPROVED HYDRAULICS LIMITED

🌳Matureactive
02507683 · ltd · incorporated 1990-06-01
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.74M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Wholesale of other machinery and equipment
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
93 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,736,999
Cash YoY
-8%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£580k
↓ 7.6% YoY
Net Worth
£1.7m
↑ 3.7% YoY
Current Assets
—
Current Liabilities
—
£0£347k£695k£1.0m£1.4m£1.7mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Cash£580.4k£628.3k
Net assets£1.74M£1.68M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  7. 2021-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2021-08-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-10-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-30
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  14. 2018-05-24
    📄
    capital-name-of-class-of-shares
    capital · SH08
  15. 2018-05-17
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2017-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2015-05-12
    🔒
    Charge registered #1
    Lender: Close Brothers Limited (The "Security Trustee")
  18. 1991-10-14
    ➕
    HINDLE, Elizabeth Ann appointed
    director
  19. 1991-10-14
    ➖
    ANDREWS, Ian resigned
    director
  20. 1990-06-01
    🏢
    Company incorporated
    As APPROVED HYDRAULICS LIMITED

Owner dependency

91/100
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 35 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 35 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.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Geoffrey Michael Hindle
Individual · British · DOB 07/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Elizabeth Ann Hindle
Individual · British · DOB 03/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1990-06-01
Jurisdictionengland-wales
Primary SIC46690 — Wholesale of other machinery and equipment

Registered office

Unit 1 Avery Trading Estate
Kenwood Road
Stockport
SK5 6PH
England

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-06-15
Last: 2026-06-01

Officers (3 active · 1 resigned)

HINDLE, Elizabeth Ann→
secretary
View their other companies + combined net worth →
Active
HINDLE, Elizabeth Ann→
director · ~67y · appointed 1991-10-14
View their other companies + combined net worth →
Active
HINDLE, Geoffrey Michael→
director · ~69y
View their other companies + combined net worth →
Active
ANDREWS, Ian→
director · ~67y · resigned 1991-10-14
Resigned

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
TypeProperties
outstanding
Close Brothers
Close Brothers Limited (The "Security Trustee")
A registered charge—12/05/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-26
change-person-secretary-company-with-change-date
officers · CH03
2021-08-19
change-person-director-company-with-change-date
officers · CH01
2021-08-19
change-person-director-company-with-change-date
officers · CH01
2021-08-19
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-23