ASSOCIATED POLYMER SERVICES LIMITED

🌳Matureactive

03028929 · ltd · incorporated 1995-03-03

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

£8.98M

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 08990

Sector: Mining & quarrying

ALSO REGISTERED FOR

43999Other specialised construction activities n.e.c.

Investor take

Pursue

Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 61). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 31.1y

35/100

too messy

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

· Oldest live charge is 31.1 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (74/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

11 officers (5 active, 11 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

9 connected companies via shared directors

Filing history

109 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 · accounting standard not declared

Positive net assets

Net assets £8,977,936

Key financials

1 year extracted from filed iXBRL accounts

Cash

£344k

Net Worth

£9.0m

Current Assets

£2.1m

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-08-31
Total assets	£837.3k
Current assets	£2.14M
Cash	£344.3k
Debtors	£341.7k
Net assets	£8.98M

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

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 90 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2026-06-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-06-29
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-16
📄
memorandum-articles
incorporation · MA
2025-06-16
📄
resolution
resolution · RESOLUTIONS
2025-06-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-11
📄
termination-director-company
officers · TM01
2025-06-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-11
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-11
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-11
🔓
Charge satisfied #2
2025-06-10
➕
LLOYD, Mark appointed
director
2025-06-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-27
➕
BRODIE, Charles Philip appointed
director
2025-05-27
➕
DAVIES, Gregory Paul appointed
director
2025-05-27
➕
ROSS, Kevin Alexander appointed
director
2025-05-27
➖
WATHEY, Neil resigned
secretary
2025-05-27
➖
BRODIE, Philip resigned
director
2025-05-27
➖
BRODIE, Sally resigned
director
2025-05-27
🔒
Charge registered #3
Lender: Hsbc UK Bank PLC
2011-09-01
➕
BRODIE, Sally appointed
director
2006-02-07
➖
THOMPSON, Frank resigned
director
2003-10-27
🔓
Charge satisfied #1
1995-06-15
🔒
Charge registered #2
Lender: National Westminster Bank PLC
1995-05-31
🔒
Charge registered #1
Lender: Trade Indemnity-Heller Commercial Finance Limited
1995-03-17
➕
WATHEY, Neil appointed
director
1995-03-17
➕
WATHEY, Neil appointed
secretary
1995-03-17
➖
SWIFT INCORPORATIONS LIMITED resigned
corporate-nominee-secretary
1995-03-17
➕
BRODIE, Philip appointed
director
1995-03-17
➕
THOMPSON, Frank appointed
director
1995-03-17
➖
INSTANT COMPANIES LIMITED resigned
corporate-nominee-director
1995-03-03
🏢
Company incorporated
As ASSOCIATED POLYMER SERVICES LIMITED
1995-03-03
➕
SWIFT INCORPORATIONS LIMITED appointed
corporate-nominee-secretary
1995-03-03
➕
INSTANT COMPANIES LIMITED appointed
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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — 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 61. Early succession window.
primary20+ year tenure: Director in role 31 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

Associated Polymer Services Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Associated Polymer Services Group Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

ASSOCIATED POLYMER SERVICES LIMITED

This company · 03028929

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
Associated Polymer Services Group Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	27/05/2025

1 historic (ceased) PSC

Mr Neil Watheyceased 27/05/2025· 25-50% shares · 25-50% voting

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

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A TO Z SOFA LTD→ 14553816 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ANCON SPECIAL ALLOY STEELS LIMITED→ 01350389 · est 1978 · no financials extracted	—	—	—	—	48y	—	—
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ASEIRO INDUSTRIES LTD→ 16560716 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ASPECT DEVELOPMENTS (SY) LTD→ 12157196 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ASPIRE FABRICATIONS LTD→ 11344590 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
ASPIRE MANUFACTURING LIMITED→ 10039924 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ASSA ABLOY ENTRANCE SYSTEMS LTD→ 00910858 · est 1967 · no financials extracted	—	—	—	—	58y	—	—
ASSOCIATED POLYMER SERVICES GROUP LTD→ 15600189 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ASTON LASER SERVICES LIMITED→ 09722627 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ASTRIX GOLF LIMITED→ 15830356 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
AT&CT JEWELLERY LTD→ 11032865 · est 2017 · no financials extracted	—	—	—	—	8y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated1995-03-03

Jurisdictionengland-wales

Primary SIC08990 — SIC 08990

Registered office

Don Valley Court

1 Oakes Green

Sheffield

South Yorkshire

S9 3WR

England

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2027-06-30

Last: 2026-06-16