APM COMMERCIALS LIMITED

🌳Matureactive

02997697 · ltd · incorporated 1994-12-02

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

£2.85M

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: SIC 33170

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 68). Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

12 live charges · 8 lenders · oldest 31.4y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 31.4 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 50/100 (high).

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

Lenders & charges

12 charges (12/12 with lender, 12/12 with type)

Directors & officers

10 officers (6 active, 10 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

1 connected companies via shared directors

Filing history

124 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

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 · accounting standard not declared

Positive net assets

Net assets £2,850,857

Cash YoY

+14013%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£117k

↑ 14013% YoY

Net Worth

£2.9m

↑ 31% YoY

Current Assets

£1.9m

↓ 4.6% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£12.41M	£13.06M
Current assets	£1.90M	£1.99M
Cash	£117.3k	£831
Debtors	£1.26M	£1.34M
Net assets	£2.85M	£2.18M

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

2025-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-20
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-11
📄
change-person-director-company-with-change-date
officers · CH01
2024-05-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-19
🔒
Charge registered #12
Lender: Renaissance Asset Finance Limited
2024-01-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-12-01
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-30
🔒
Charge registered #11
Lender: Hampshire Trust Bank PLC
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-03
➖
GILBOY, Stephen Joseph resigned
director
2023-06-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-05-15
🔒
Charge registered #10
Lender: Paragon Business Finance PLC
2022-10-04
📄
resolution
resolution · RESOLUTIONS
2022-10-04
📄
memorandum-articles
incorporation · MA
2022-10-04
📄
capital-allotment-shares
capital · SH01
2022-05-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-05
🔒
Charge registered #9
Lender: Paragon Business Finance PLC
2022-02-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-02-17
🔒
Charge registered #8
Lender: Paragon Business Finance PLC
2021-05-11
📄
change-person-director-company-with-change-date
officers · CH01
2021-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-02-01
➕
HANTON, Dominic Edward appointed
director
2019-03-20
🔒
Charge registered #7
Lender: Investec Asset Finance PLC
2019-02-11
🔒
Charge registered #6
Lender: Investec Asset Finance PLC
2018-10-08
🔒
Charge registered #5
Lender: Aldermore Bank PLC
2018-02-21
🔒
Charge registered #4
Lender: Aldermore Bank PLC
2014-06-05
➕
GILBOY, Michael Peter appointed
director
2009-12-24
🔓
Charge satisfied #2
2009-12-24
🔓
Charge satisfied #1
2009-11-09
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2007-01-01
➕
GILBOY, Andrew Edward Stephen appointed
director
2007-01-01
➕
GILBOY, Patrick Robert appointed
director
1998-07-31
➖
SANDERSON, Mark resigned
director
1997-06-09
🔒
Charge registered #2
Lender: Midland Bank PLC
1996-03-01
➕
SANDERSON, Mark appointed
director
1995-01-31
🔒
Charge registered #1
Lender: Lloyds Bank PLC
1994-12-02
🏢
Company incorporated
As APM COMMERCIALS LIMITED
1994-12-02
➕
GILBOY, Rose Marie appointed
secretary
1994-12-02
➕
GILBOY, Rose Marie appointed
director
1994-12-02
➕
WATERLOW SECRETARIES LIMITED appointed
corporate-nominee-secretary
1994-12-02
➖
WATERLOW SECRETARIES LIMITED resigned
corporate-nominee-secretary
1994-12-02
➕
GILBOY, Stephen Joseph appointed
director
1994-12-02
➕
WATERLOW NOMINEES LIMITED appointed
corporate-nominee-director
1994-12-02
➖
WATERLOW NOMINEES LIMITED resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 32 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 32 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 · 1 low

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.

10 live charges

low

Heavily 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
Mrs Rose Marie Gilboy Individual · British · DOB 07/1958 · age 68	50–75%	50–75%	50-75% shares · 50-75% voting	03/12/2023

4 historic (ceased) PSCs

Mr Stephen Joseph Gilboyceased 03/12/2023· 25-50% shares · 25-50% voting
Rose Marie Gilboyceased 21/03/2017· 25-50% shares · 25-50% voting
Rose Marie Gilboyceased 21/03/2017· 25-50% shares
Mr Stephen Joseph Gilboyceased 07/04/2016· 25-50% shares

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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CATHY SUTHERLAND JEWELLERY LTD→ 16369444 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
CENTRAL DOORS LIMITED→ 10502053 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
CENTRE LINE MACHINING LIMITED→ 06678657 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
CENTURY FRAMES LIMITED→ 06079491 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
CERBERUS FABRICATION LTD→ 16522107 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CERTEX LIFTING LIMITED→ 05304747 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
CHADBURN BLOCTUBE MARINE LTD→ 13219952 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
CHALLENGE SUPPLY CO. LIMITED→ 08197935 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1994-12-02

Jurisdictionengland-wales

Primary SIC33170 — SIC 33170

Registered office

Apm House

Manby Road

Immingham

North East Lincolnshire

DN40 2LL

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-10-04

Last: 2025-09-20