APACOR LIMITED
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 70). 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 (65/100).
Refinance opportunity
5 live charges · 4 lenders · oldest 17.8y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 17.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Profit before tax | £-563.8k |
| Average employees | 67 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 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
Corporate timeline (54 events)Click to expand
- 2025-09-29📄accounts-with-accounts-type-fullaccounts · AA
- 2024-10-10📄accounts-amended-with-accounts-type-mediumaccounts · AAMD
- 2024-10-10📄accounts-with-accounts-type-mediumaccounts · AA
- 2024-04-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-07-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-06-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-06-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-09📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-08🔒Charge registered #5Lender: Lloyds Bank PLC
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-24🔒Charge registered #4Lender: Lloyds Bank PLC
- 2019-11-05➖REARDON, Paul Charles resigneddirector
- 2019-06-27➕BELLM, Anthony Tadeusz appointeddirector
- 2019-06-21🔓Charge satisfied #3
- 2019-06-21🔓Charge satisfied #2
- 2019-06-21🔓Charge satisfied #1
- 2018-11-23➖REARDON, Robert resigneddirector
- 2018-09-27🔒Charge registered #3Lender: Barclays Security Trustee Limited
- 2016-04-26➕REARDON, Robert appointeddirector
- 2011-12-19🔒Charge registered #2Lender: Luff Developments Limited
- 2009-09-21➕REARDON, Paul Charles appointeddirector
- 2009-03-26➕MACKENZIE, Janet Audrey appointedsecretary
- 2009-01-31➖REARDON, Paul Charles resigneddirector
- 2008-09-04🔒Charge registered #1Lender: Luff Developements Limited
- 2008-04-21➕BELLM, Howard Geoffrey appointeddirector
- 2008-04-18➖STANSFIELD, Kevin Edward resignedsecretary
- 2007-12-31➖FRAMPTON, Wendy Anne resigneddirector
- 2007-12-31➕REARDON, Paul Charles appointeddirector
- 1999-11-18➕STANSFIELD, Kevin Edward appointedsecretary
- 1999-11-18➖WILSHER, Bryan Guy resignedsecretary
- 1999-11-18➖PUXLEY, Steven Alfred resigneddirector
- 1999-11-18➖SHAW, Jonathan resigneddirector
- 1999-11-18➖WILSHER, Bryan Guy resigneddirector
- 1999-05-21➕FRAMPTON, Wendy Anne appointeddirector
- 1999-05-21➕PUXLEY, Steven Alfred appointeddirector
- 1999-05-21➕WILSHER, Bryan Guy appointeddirector
- 1997-01-24🏢Company incorporatedAs APACOR LIMITED
- 1997-01-24➕WILSHER, Bryan Guy appointedsecretary
- 1997-01-24➕WATERLOW SECRETARIES LIMITED appointedcorporate-nominee-secretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 29 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dr Veit Egmond Frommelt Individual · Liechtenstein Citizen · DOB 01/1957 · age 69 | — | — | sig. influencesignificant influence · trust interest | 22/05/2023 |
Dr Heinz Jurgen Frommelt Individual · Liechtenstein Citizen · DOB 10/1960 · age 66 | — | — | sig. influencesignificant influence · trust interest | 22/05/2023 |
8 historic (ceased) PSCs
- Mr Richard Negeleceased 24/04/2024· significant influence · trust interest
- Mr Hugo Joseph Seleceased 24/04/2024· significant influence · trust interest
- Dr Peter Nageleceased 31/05/2023· significant influence · trust interest
- Mr Vincent Pierre Solariceased 22/05/2023· significant influence · trust interest
- Mr Maurice Robert Turrettiniceased 22/05/2023· significant influence · trust interest
- Mr Anthony Tadeusz Bellmceased 22/05/2023· significant influence
- Mr Howard Geoffrey Bellmceased 22/05/2023· 25-50% shares
- Mr Paul Charles Reardonceased 05/11/2019· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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 SMART PHULL ALUMINIUM BIFOLDING DOORS AND WINDOWS LTD→ 13156390 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| A SMITH ENGINEERING LIMITED→ 14614427 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| A.S. PRESSURE ENGINEERING LIMITED→ 04282130 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| APPLE PRINT & CREATIVE HOLDINGS LIMITED→ 09103910 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| APPLE PRINT LIMITED→ 02001899 · est 1986 · no financials extracted | — | — | — | — | 40y | — | — |
| APPLERANGE LIMITED→ 01894501 · est 1985 · no financials extracted | — | — | — | — | 41y | — | — |
| APPLIANCE BOOK LTD→ 08731306 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| APPLIED TRAFFIC LIMITED→ 04265207 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| APPLIED VWS LIMITED→ 16198200 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| APPSOFFICIAL LTD→ 15785001 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AQUAFACTORS LTD→ 08165044 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AQUALITY POOL SERVICE LIMITED→ 15407117 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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 →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
Registered office
Filing status
Officers (3 active · 11 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | 2 properties | 08/12/2022 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank PLC | A registered charge | — | 24/04/2021 | — | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 27/09/2018 | 21/06/2019 | |
| satisfied | Luff Developments Luff Developments Limited | Rent deposit deed | 1 property | 19/12/2011 | 21/06/2019 | |
| satisfied | Luff Developements Luff Developements Limited | Rent deposit deed | 1 property | 04/09/2008 | 21/06/2019 |