AUTOMOTIVE PARTS DISTRIBUTION LIMITED

🌳Matureactive
02614439 · ltd · incorporated 1991-05-24
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 Apr 2025
Net worth
£1.83M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 83). 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 (45/100).

🏦

Refinance opportunity

13 live charges · 4 lenders · oldest 34.7y

15/100
under pressure

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

  • · Oldest live charge is 34.7 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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
16 officers (3 active, 16 linked, 12 with DOB)
85
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
189 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 · accounting standard not declared
Positive net assets
Net assets £1,826,494
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£5k
↓ 95% YoY
Net Worth
£1.8m
↑ 3.3% YoY
Current Assets
£6.6m
↑ 10.0% YoY
Current Liabilities
—
£0£1.3m£2.6m£4.0m£5.3m£6.6mApr 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
Total assets£2.50M£2.54M
Current assets£6.59M£5.99M
Cash£4.7k£88.6k
Debtors£2.90M£2.44M
Net assets£1.83M£1.77M

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
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 address
Last 90 days
3
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 address
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (68 events)Click to expand
  1. 2026-05-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-05-26
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  3. 2026-01-27
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  4. 2024-12-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-10-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-12-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2021-11-03
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2020-12-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2020-01-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2018-12-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  11. 2018-02-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2018-02-20
    🔓
    Charge satisfied #10
  13. 2018-02-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-02-09
    🔓
    Charge satisfied #12
  15. 2018-01-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2017-01-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2016-08-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2016-08-23
    🔒
    Charge registered #13
    Lender: Rbs Invoice Finance Limited
  19. 2015-08-04
    ➖
    BARBER, Malcolm Stuart resigned
    director
  20. 2015-06-03
    🔓
    Charge satisfied #11
  21. 2015-06-03
    🔓
    Charge satisfied #9
  22. 2015-06-03
    🔓
    Charge satisfied #8
  23. 2015-06-03
    🔓
    Charge satisfied #7
  24. 2015-06-03
    🔓
    Charge satisfied #6
  25. 2015-06-03
    🔓
    Charge satisfied #4
  26. 2015-06-03
    🔓
    Charge satisfied #3
  27. 2013-05-29
    ➖
    HOARE, Graham resigned
    secretary
  28. 2013-05-29
    ➖
    HOARE, Graham resigned
    director
  29. 2007-07-09
    🔒
    Charge registered #12
    Lender: National Westminster Bank PLC
  30. 2004-08-14
    ➖
    DUNSFORD, John resigned
    director
  31. 2004-02-01
    ➕
    MURRAY, Ewan Sinclair Daniel appointed
    director
  32. 2004-02-01
    ➕
    MURRAY, Fraser appointed
    director
  33. 2004-01-22
    🔒
    Charge registered #11
    Lender: Robert Adrian Phipps
  34. 2003-11-28
    🔒
    Charge registered #10
    Lender: National Westminster Bank PLC
  35. 2003-10-31
    ➖
    SEAL, Alan resigned
    director
  36. 2000-06-01
    ➕
    BARBER, Malcolm Stuart appointed
    director
  37. 2000-06-01
    ➕
    DUNSFORD, John appointed
    director
  38. 2000-04-06
    ➖
    MCNALLY, Adrian Rodney resigned
    director
  39. 2000-04-06
    ➖
    MCNALLY, Ian Kenneth resigned
    director
  40. 2000-04-05
    ➖
    MCNALLY, James Kenneth resigned
    director
  41. 1998-12-01
    🔒
    Charge registered #9
    Lender: National Westminster Bank PLC
  42. 1997-07-28
    🔒
    Charge registered #8
    Lender: National Westminster Bank PLC
  43. 1997-07-18
    ➕
    HOARE, Graham appointed
    secretary
  44. 1997-07-18
    ➖
    MURRAY, Thomas resigned
    secretary
  45. 1997-02-07
    🔓
    Charge satisfied #5
  46. 1997-01-17
    ➖
    BARBER, Malcolm Stuart resigned
    director
  47. 1997-01-17
    ➖
    DUNSFORD, John resigned
    director
  48. 1997-01-17
    ➕
    MCNALLY, Adrian Rodney appointed
    director
  49. 1997-01-17
    ➕
    MCNALLY, Ian Kenneth appointed
    director
  50. 1997-01-17
    ➕
    MCNALLY, James Kenneth appointed
    director
Showing most recent 50 of 68 events

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
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 83 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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 ·
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.

🔒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

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
Incorporated1991-05-24
Jurisdictionengland-wales
Primary SIC45310 — SIC 45310

Registered office

69-71 Lower Bristol Road
Bath
Avon
BA2 3BE

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-06-07
Last: 2026-05-24

Officers (3 active · 13 resigned)

MURRAY, Ewan Sinclair Daniel→
director · ~52y · appointed 2004-02-01
View their other companies + combined net worth →
Active
MURRAY, Fraser→
director · ~55y · appointed 2004-02-01
View their other companies + combined net worth →
Active
MURRAY, Thomas→
director · ~83y · appointed 1991-06-13
View their other companies + combined net worth →
Active
HOARE, Graham→
secretary · appointed 1997-07-18 · resigned 2013-05-29
Resigned
MURRAY, Thomas→
secretary · appointed 1991-06-13 · resigned 1997-07-18
Resigned
SWIFT INCORPORATIONS LIMITED→
corporate-nominee-secretary · appointed 1991-05-24 · resigned 1991-06-13
Resigned
BARBER, Malcolm Stuart→
director · ~73y · appointed 2000-06-01 · resigned 2015-08-04
Resigned
BARBER, Malcolm Stuart→
director · ~73y · appointed 1991-09-03 · resigned 1997-01-17
Resigned
DUNSFORD, John→
director · ~79y · appointed 2000-06-01 · resigned 2004-08-14
Resigned
DUNSFORD, John→
director · ~79y · appointed 1991-09-03 · resigned 1997-01-17
Resigned
HOARE, Graham→
director · ~81y · appointed 1991-09-03 · resigned 2013-05-29
Resigned
MCNALLY, Adrian Rodney→
director · ~55y · appointed 1997-01-17 · resigned 2000-04-06
Resigned
MCNALLY, Ian Kenneth→
director · ~59y · appointed 1997-01-17 · resigned 2000-04-06
Resigned
MCNALLY, James Kenneth→
director · ~78y · appointed 1997-01-17 · resigned 2000-04-05
Resigned
SEAL, Alan→
director · ~78y · appointed 1991-06-13 · resigned 2003-10-31
Resigned
INSTANT COMPANIES LIMITED→
corporate-nominee-director · appointed 1991-05-24 · resigned 1991-06-13
Resigned

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

Mortgages & charges

13
Total charges
3
Outstanding
2
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge—23/08/2016—
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property09/07/200709/02/2018
satisfied
Robert Adrian Phipps
Rent deposit deed1 property22/01/200403/06/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property28/11/200320/02/2018
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage2 properties01/12/199803/06/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property28/07/199703/06/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property26/08/199403/06/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage4 properties08/08/199403/06/2015
satisfied
Thomas Murray
Mortgage1 property29/04/199407/02/1997
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property31/03/199403/06/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property27/03/199203/06/2015
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property16/09/1991—
outstanding
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property16/09/1991—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (189 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-26
change-sail-address-company-with-old-address-new-address
address · AD02
2026-05-26
accounts-with-accounts-type-medium
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-full
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-07
accounts-with-accounts-type-full
accounts · AA
2023-10-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
accounts-with-accounts-type-full
accounts · AA
2022-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-30
accounts-with-accounts-type-full
accounts · AA
2021-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-09
accounts-with-accounts-type-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-27