ADVANCED PLASTICS LIMITED

🌳Matureactive

02758361 · ltd · incorporated 1992-10-23

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 Dec 2024

Net worth

£7.22M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 22290

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 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 · 5 lenders · oldest 16.1y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 16.1 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

14 officers (7 active, 14 linked, 9 with DOB)

Ownership & PSC

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

Director network

6 connected companies via shared directors

Filing history

118 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £7,217,707

Net assets shrinking

Down £246,891 YoY

Cash YoY

+61%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£3.3m

↑ 61% YoY

Net Worth

£7.2m

↓ 3.3% YoY

Current Assets

£11m

↑ 9.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£8.17M	£8.86M
Current assets	£10.67M	£9.72M
Cash	£3.34M	£2.08M
Debtors	£5.06M	£5.69M
Net assets	£7.22M	£7.46M

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

🔒Filing-note intelligence

4 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

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2025-11-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-11-13
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-11-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-12
➕
HEASTY, Jonathan appointed
secretary
2025-11-12
➕
ARAND, Lindsey appointed
director
2025-11-12
➕
HADFIELD, Michael Andrew appointed
director
2025-11-12
➕
HEASTY, Jonathan William appointed
director
2025-11-12
➕
SPENCE, Mark appointed
director
2025-11-12
➖
ANDERSON, Robert John resigned
secretary
2025-10-14
📄
resolution
resolution · RESOLUTIONS
2025-10-14
📄
memorandum-articles
incorporation · MA
2025-08-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-25
🔒
Charge registered #5
Lender: Hsbc Invoice Finance (UK) Limited
2025-07-23
📄
accounts-with-accounts-type-medium
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-full
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2022-11-02
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-09-28
📄
accounts-with-accounts-type-full
accounts · AA
2021-09-13
📄
accounts-with-accounts-type-full
accounts · AA
2020-12-03
📄
accounts-with-accounts-type-full
accounts · AA
2019-09-06
📄
accounts-with-accounts-type-full
accounts · AA
2013-10-25
🔓
Charge satisfied #2
2013-10-25
🔓
Charge satisfied #1
2013-02-04
🔒
Charge registered #4
Lender: Hsbc Asset Finance (UK) LTD and Hsbc Equipment Finance (UK) LTD
2012-09-12
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2010-10-01
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2010-04-20
🔒
Charge registered #1
Lender: Yorkshire Forward (Yorkshire & Humber Regional Development Agency)
2007-06-13
➕
PEARSON, Christopher James appointed
director
2007-06-13
➕
ANDERSON, Robert John appointed
secretary
2007-06-13
➖
THOMPSON, Peter John resigned
secretary
2007-06-13
➖
BARRICK, Glyn John Andrew resigned
director
2007-06-13
➖
THOMPSON, Peter John resigned
director
1993-04-01
➕
BARRICK, Glyn John Andrew appointed
director
1992-10-30
➕
ANDERSON, Robert John appointed
director
1992-10-30
➖
BARRICK, Glyn John Andrew resigned
director
1992-10-23
🏢
Company incorporated
As ADVANCED PLASTICS LIMITED
1992-10-23
➕
THOMPSON, Peter John appointed
secretary
1992-10-23
➕
ELK COMPANY SECRETARIES LIMITED appointed
corporate-nominee-secretary
1992-10-23
➖
ELK COMPANY SECRETARIES LIMITED resigned
corporate-nominee-secretary
1992-10-23
➕
BARRICK, Glyn John Andrew appointed
director
1992-10-23
➕
THOMPSON, Peter John appointed
director
1992-10-23
➕
ELK (NOMINEES) LIMITED appointed
corporate-nominee-director
1992-10-23
➖
ELK (NOMINEES) LIMITED resigned
corporate-nominee-director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 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.
+Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
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.

Group structure

Advanced Plastics Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Advanced Plastics Group Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

ADVANCED PLASTICS LIMITED

This company · 02758361

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Advanced Plastics Group Limited Corporate entity	75–100%	—	75-100% shares	23/10/2016

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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AIRDUCT LIMITED→ 02625403 · est 1991 · no financials extracted	—	—	—	—	34y	—	—
ALLAM GENERATORS LIMITED→ 05620647 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ALLAM POWER LIMITED→ 02708090 · est 1992 · no financials extracted	—	—	—	—	33y	—	—
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ANTI VANDAL CABINS HULL LIMITED→ 15669357 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
APROLIS UK LIMITED→ 02550150 · est 1990 · no financials extracted	—	—	—	—	35y	—	—
ARH MODULAR HOMES LTD→ 10902590 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
ARH PORTABLE BUILDINGS LIMITED→ 15258123 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
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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

Incorporated1992-10-23

Jurisdictionengland-wales

Primary SIC22290 — SIC 22290

Registered office

Advanced Plastics

Bergen Way

Hull

HU7 0YQ

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-04

Last: 2025-10-21