APEX SECURITY ENGINEERING LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 70). 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
5 live charges · 3 lenders · oldest 29.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.1 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.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-30 | 2024-12-30 |
|---|---|---|
| Total assets | £1.10M | £1.11M |
| Current assets | £1.18M | £1.72M |
| Cash | £87.1k | £130.9k |
| Debtors | £753.5k | £990.1k |
| Net assets | £774.1k | £895.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 accounts
- • 1 accounts
- • 1 address
Corporate timeline (43 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2026-03-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-08-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-09📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-06-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-14📄capital-name-of-class-of-sharescapital · SH08
- 2019-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-27📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2019-07-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-07-26➖BURNS, Samuel resigneddirector
- 2018-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-01➕HILDER, Daniel James appointeddirector
- 2018-04-01➕PRENDERGAST, Robert Anthony appointeddirector
- 2018-04-01➕WELLS, Tony Graham appointeddirector
- 2010-11-15➖BUTTERFIELD, Bernard Henry resignedsecretary
- 2010-11-15➖BUTTERFIELD, Bernard Henry resigneddirector
- 2008-07-02➕BURNS, Samuel appointeddirector
- 2003-04-30🔒Charge registered #5Lender: National Westminster Bank PLC
- 2002-11-04🔒Charge registered #4Lender: The Royal Bank of Scotland Invoice Discounting Limited
- 2000-01-31🔒Charge registered #3Lender: National Westminster Bank PLC
- 1998-12-18🔒Charge registered #2Lender: Lombard Natwest Discounting Limited
- 1997-05-23🔒Charge registered #1Lender: National Westminster Bank PLC
- 1995-12-13➕BUTTERFIELD, Bernard Henry appointedsecretary
- 1995-12-13➖COVENTRY, Stephen John resignedsecretary
- 1995-12-13➖COVENTRY, Stephen John resigneddirector
- 1992-12-18➕WOODS, Kevin appointeddirector
- 1992-12-18➖BUTTERFIELD, Joyce Violet resignedsecretary
- 1992-12-18➕COVENTRY, Stephen John appointedsecretary
- 1992-12-18➕COVENTRY, Stephen John appointeddirector
- 1992-07-11➖ELK (NOMINEES) LIMITED resignedcorporate-nominee-director
- 1992-07-01🏢Company incorporatedAs APEX SECURITY ENGINEERING LIMITED
- 1992-07-01➕BUTTERFIELD, Joyce Violet appointedsecretary
- 1992-07-01➕ELK COMPANY SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 1992-07-01➖ELK COMPANY SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 1992-07-01➕BUTTERFIELD, Bernard Henry appointeddirector
- 1992-07-01➕ELK (NOMINEES) LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 34 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 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin Woods Individual · British · DOB 02/1956 · age 70 | 25–50% | — | 25-50% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mr Samuel Burnsceased 01/09/2023· 50-75% shares
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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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 →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 (4 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 30/04/2003 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Invoice Discounting Limited | Fixed and floating charge | 1 property | 04/11/2002 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 31/01/2000 | — | |
| outstanding | NatWest Group Lombard Natwest Discounting Limited | Fixed and floating charge | 1 property | 18/12/1998 | — | |
| outstanding | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 23/05/1997 | — |