APPLEWADE LIMITED
💤Zombieactive
02773015 · ltd · incorporated 1992-12-11
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£66.4k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Packaging activities
Sector: Administrative & support services
Investor take
PursueActive trading company with a 81-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 81). Share purchase looks the cleaner deal structure. 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 (73/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 33.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 33.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 2 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
98 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 declaredPositive net assets
Net assets £66,438
Net assets shrinking
Down £5,661 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£66k
↓ 7.9% YoY
Current Assets
£164k
↓ 2.8% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £66.4k | £72.1k |
| Current assets | £163.9k | £168.6k |
| Net assets | £66.4k | £72.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-01-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-04-11📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2024-03-26📄gazette-notice-compulsorygazette · GAZ1
- 2023-08-26📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-08-15📄gazette-notice-compulsorygazette · GAZ1
- 2023-03-18📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-03-09📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-02-28📄gazette-notice-compulsorygazette · GAZ1
- 2022-04-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-07📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-04-06📄gazette-notice-compulsorygazette · GAZ1
- 2020-01-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-04-15🔒Charge registered #3Lender: National Westminster Bank PLC
- 2010-07-05🔒Charge registered #2Lender: Barclays Bank PLC
- 2001-01-02🔓Charge satisfied #1
- 2000-04-11➕SHAH, Shreyesh Madhusudan appointedsecretary
- 2000-04-11➖SHAH, Lavanlata Madhusudan resignedsecretary
- 1996-04-01➕SHAH, Lavanlata Madhusudan appointedsecretary
- 1996-04-01➖SHAH, Narendra Karamshi resignedsecretary
- 1993-10-14➕SHAH, Madhusudan Zaverchand appointeddirector
- 1993-10-14➖MACPHERSON, Susan Frances resignedsecretary
- 1993-10-14➕SHAH, Narendra Karamshi appointedsecretary
- 1993-10-14➖LE BAS, Malcolm Hedley resigneddirector
- 1993-01-19🔒Charge registered #1Lender: Unipol Plastics Limited
- 1992-12-23➕MACPHERSON, Susan Frances appointedsecretary
- 1992-12-23➖SAME-DAY COMPANY SERVICES LIMITED resignedcorporate-nominee-secretary
- 1992-12-23➕LE BAS, Malcolm Hedley appointeddirector
- 1992-12-23➖WILDMAN & BATTELL LIMITED resignedcorporate-nominee-director
- 1992-12-11🏢Company incorporatedAs APPLEWADE LIMITED
- 1992-12-11➕SAME-DAY COMPANY SERVICES LIMITED appointedcorporate-nominee-secretary
- 1992-12-11➕WILDMAN & BATTELL LIMITED appointedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 33 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Shreyesh Madhusudan Shah Individual · British · DOB 08/1974 · age 52 | 75–100% | — | 75-100% shares | 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
Active · Trade services · WD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AM & HE LTD→ 10601288 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AM & MG LIMITED→ 11496483 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ANCHOR SOUND AND SECURITY LTD→ 11126198 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| ANNETTE CLEMENTS LIMITED→ 06841878 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| ANTAL CHARITABLE FOUNDATION LIMITED→ 06650365 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| ANV BARBER LTD→ 17081961 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| APRES ACADEMY LTD→ 17107156 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| APSLEY SUPPORT SERVICES LIMITED→ 06206785 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| AQUASHINE AUTO SPA LTD→ 16611029 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARB (BMS SEVICES) LIMITED→ 06480983 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| ARBICON INTERNATIONAL LIMITED→ 02072676 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| ARCADIA PRINTING LIMITED→ 06505315 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
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
Incorporated1992-12-11
Jurisdictionengland-wales
Primary SIC82920 — Packaging activities
Registered office
11 Greenhill Crescent
Watford
WD18 8QU
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11
Officers (2 active · 6 resigned)
SHAH, Shreyesh Madhusudan→
Activesecretary · appointed 2000-04-11
View their other companies + combined net worth →
SHAH, Madhusudan Zaverchand→
Activedirector · ~81y · appointed 1993-10-14
View their other companies + combined net worth →
MACPHERSON, Susan Frances→
Resignedsecretary · appointed 1992-12-23 · resigned 1993-10-14
SHAH, Lavanlata Madhusudan→
Resignedsecretary · appointed 1996-04-01 · resigned 2000-04-11
SHAH, Narendra Karamshi→
Resignedsecretary · appointed 1993-10-14 · resigned 1996-04-01
SAME-DAY COMPANY SERVICES LIMITED→
Resignedcorporate-nominee-secretary · appointed 1992-12-11 · resigned 1992-12-23
LE BAS, Malcolm Hedley→
Resigneddirector · ~85y · appointed 1992-12-23 · resigned 1993-10-14
WILDMAN & BATTELL LIMITED→
Resignedcorporate-nominee-director · appointed 1992-12-11 · resigned 1992-12-23
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank National Westminster Bank PLC | A registered charge | — | 15/04/2016 | — | |
| outstanding | Barclays Barclays Bank PLC | Fixed & floating charge | 1 property | 05/07/2010 | — | |
| satisfied | Unipol Plastics Unipol Plastics Limited | Rent deposit deed | 1 property | 19/01/1993 | 02/01/2001 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-04-11
gazette-notice-compulsory
gazette · GAZ1
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-23
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-26
gazette-notice-compulsory
gazette · GAZ1
2023-08-15
gazette-filings-brought-up-to-date
gazette · DISS40
2023-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-03-09