AAP PROPERTIES (SOUTHERN) LIMITED

💤Zombieactive

03254098 · ltd · incorporated 1996-09-24

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 Sept 2025

Net worth

—

book net assets

Opportunity

79/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Buying and selling of own real estate

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate

Investor take

Pursue

Property-backed borrower with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

16 live charges · 4 lenders · oldest 18.1y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 18.1 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

16 charges (16/16 with lender, 16/16 with type)

Directors & officers

5 officers (1 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

129 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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30	2024-09-30
Average employees	0	0

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

• 13 mortgage
• 1 accounts

Last 90 days

filings

• 13 mortgage
• 1 accounts

Last 180 days

filings

• 13 mortgage
• 5 persons-with-significant-control
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (64 events)Click to expand

2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-07-10
🔓
Charge satisfied #15
2026-07-10
🔓
Charge satisfied #14
2026-07-10
🔓
Charge satisfied #13
2026-07-10
🔓
Charge satisfied #12
2026-07-10
🔓
Charge satisfied #11
2026-07-10
🔓
Charge satisfied #9
2026-07-10
🔓
Charge satisfied #7
2026-07-10
🔓
Charge satisfied #6
2026-07-10
🔓
Charge satisfied #5
2026-07-10
🔓
Charge satisfied #4
2026-07-10
🔓
Charge satisfied #3
2026-07-10
🔓
Charge satisfied #2
2026-07-10
🔓
Charge satisfied #1
2026-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-17
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-16
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-12
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-24
🔒
Charge registered #16
Lender: The Mortgage Lender Limited
2016-12-02
🔒
Charge registered #15
Lender: Aldermore Bank PLC
2016-12-02
🔒
Charge registered #14
Lender: Aldermore Bank PLC
2016-05-23
🔒
Charge registered #13
Lender: Shawbrook Bank Limited
2016-03-02
🔒
Charge registered #12
Lender: Shawbrook Bank Limited
2016-02-26
🔒
Charge registered #11
Lender: Shawbrook Bank Limited
2015-03-14
🔓
Charge satisfied #10
2014-08-22
🔒
Charge registered #10
Lender: Shawbrook Bank Limited
2014-02-07
🔒
Charge registered #9
Lender: Barclays Bank PLC
2012-10-30
➖
RT SECRETARIAL LIMITED resigned
corporate-secretary
2011-11-29
🔓
Charge satisfied #8
2011-09-30
🔒
Charge registered #8
Lender: Barclays Bank PLC
2011-09-15
🔒
Charge registered #7
Lender: Barclays Bank PLC
2010-04-01
🔒
Charge registered #6
Lender: Barclays Bank PLC

Showing most recent 50 of 64 events

Owner dependency

100/100

Critical — business is the founder

The 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 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

100/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 72 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 29 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 30 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 ·

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Antonio Alberto Popotto Individual · British · DOB 10/1954 · age 72	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	30/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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AA TECH AND PROPERTY LTD.→ 13909878 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
AAVKAR INVESTMENT LIMITED→ 16922102 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ABBEY GRANGE PROPERTIES LTD→ 07003331 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
ABBOTT WALSINGHAM LIMITED→ 10598069 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
ABEL PROPERTY DEVELOPMENT LIMITED→ 03242894 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
ABLE BRICKS LTD→ 15253762 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACCOMCO LIMITED→ 05841199 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
ACER ESTATES LIMITED→ 08119790 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ACER PROPERTY GROUP LIMITED→ 17056008 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ACHILLES ESTATES LIMITED→ 07633914 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
ACREON PROPERTIES LIMITED→ 16494405 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ACUITY INVEST LIMITED→ 12669628 · est 2020 · no financials extracted	—	—	—	—	5y	—	—

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

Incorporated1996-09-24

Jurisdictionengland-wales

Primary SIC68100 — Buying and selling of own real estate

Registered office

2 Piries Place

Horsham

West Sussex

RH12 1EH

United Kingdom

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2027-02-15

Last: 2026-02-01

Officers (1 active · 4 resigned)

PAPOTTO, Antonio Alberto→

director · ~72y · appointed 1997-04-04

View their other companies + combined net worth →

Active

CHETTLEBURGH INTERNATIONAL LIMITED→

corporate-nominee-secretary · appointed 1996-09-24 · resigned 1996-09-24

Resigned

RT SECRETARIAL LIMITED→

corporate-secretary · appointed 1996-09-24 · resigned 2012-10-30

Resigned

PAPOTTO, Alice Virginia→

director · ~100y · appointed 1996-09-24 · resigned 1997-04-04

Resigned

CHETTLEBURGH'S LIMITED→

corporate-nominee-director · appointed 1996-09-24 · resigned 1996-09-24

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:16 of 16 shown

		Type	Properties
outstanding	The Mortgage Lender The Mortgage Lender Limited	A registered charge	1 property	24/04/2025	—
satisfied	Aldermore Aldermore Bank PLC	A registered charge	7 properties	02/12/2016	10/07/2026
satisfied	Aldermore Aldermore Bank PLC	A registered charge	1 property	02/12/2016	10/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	23/05/2016	10/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	02/03/2016	10/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	26/02/2016	10/07/2026
satisfied	Shawbrook Shawbrook Bank Limited	A registered charge	1 property	22/08/2014	14/03/2015
satisfied	Barclays Barclays Bank PLC	A registered charge	1 property	07/02/2014	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	30/09/2011	29/11/2011
satisfied	Barclays Barclays Bank PLC	Debenture	1 property	15/09/2011	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	01/04/2010	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	01/02/2010	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	13/07/2009	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	30/03/2009	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	06/01/2009	10/07/2026
satisfied	Barclays Barclays Bank PLC	Legal charge	1 property	24/06/2008	10/07/2026

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (129 total)

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

mortgage-satisfy-charge-full

mortgage · MR04

2026-07-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-06-30

confirmation-statement-with-updates

confirmation-statement · CS01

2026-03-18