ALLIED PIPEFREEZING SERVICES LIMITED
- · Thesis: well-run, low negotiation leverage
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
8 live charges · 5 lenders · oldest 25.3y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 25.3 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | — | £704.4k |
| Current assets | — | £664.1k |
| Cash | — | £12.5k |
| Debtors | — | £582.0k |
| Net assets | — | £364.0k |
| Average employees | 12 | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
- • 1 accounts
Corporate timeline (44 events)Click to expand
- 2026-01-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-08-29🔒Charge registered #8Lender: Barclays Security Trustee Limited
- 2025-01-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-12📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-08📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-01-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-03-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-01-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-11-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-13📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-10-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-05-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2018-05-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2017-05-19🔓Charge satisfied #1
- 2017-01-31➖PADDOCK, Anne resignedsecretary
- 2017-01-31➖PADDOCK, Anne resigneddirector
- 2017-01-31🔒Charge registered #7Lender: Mrs Anne Paddock
- 2016-08-12🔓Charge satisfied #4
- 2016-08-05➖PADDOCK, Duncan James Stanley resigneddirector
- 2016-08-04🔒Charge registered #6Lender: Svenska Handelsbanken Ab (Publ)
- 2015-09-02🔓Charge satisfied #5
- 2013-09-02🔓Charge satisfied #3
- 2013-09-02🔓Charge satisfied #2
- 2011-03-25🔒Charge registered #5Lender: Lancashire County Developments (Investments) Limited
- 2008-12-22➕PADDOCK, Carl James appointeddirector
- 2008-12-22➕PADDOCK, Garth William appointeddirector
- 2008-08-22🔒Charge registered #4Lender: National Westminster Bank PLC
- 2005-04-22🔒Charge registered #3Lender: National Westminster Bank PLC
- 2003-05-08➖PADDOCK, James Melvyn resigneddirector
- 2002-03-21🔒Charge registered #2Lender: National Westminster Bank PLC
- 2001-04-06➕PADDOCK, Anne appointeddirector
- 2001-04-06➕PADDOCK, James Melvyn appointeddirector
- 2001-04-02🔒Charge registered #1Lender: National Westminster Bank PLC
- 2000-02-18🏢Company incorporatedAs ALLIED PIPEFREEZING SERVICES LIMITED
- 2000-02-18➕PADDOCK, Anne appointedsecretary
- 2000-02-18➕BRITANNIA COMPANY FORMATIONS LIMITED appointedcorporate-nominee-secretary
- 2000-02-18➖BRITANNIA COMPANY FORMATIONS LIMITED resignedcorporate-nominee-secretary
- 2000-02-18➕PADDOCK, Duncan James Stanley appointeddirector
- 2000-02-18➕DEANSGATE COMPANY FORMATIONS LIMITED appointedcorporate-nominee-director
- 2000-02-18➖DEANSGATE COMPANY FORMATIONS LIMITED resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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 26 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.
Group structure
Apfs Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Apfs Group Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 31/01/2017 |
2 historic (ceased) PSCs
- Mr Duncan James Stanley Paddockceased 18/02/2017· 25-50% shares · 25-50% voting
- Mrs Anne Paddockceased 31/01/2017· 25-50% shares · 25-50% voting
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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7 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 (2 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 29/08/2025 | — | |
| outstanding | Mrs Anne Paddock | A registered charge | — | 31/01/2017 | — | |
| outstanding | Svenska Handelsbanken Ab (Publ) | A registered charge | — | 04/08/2016 | — | |
| satisfied | Lancashire County Developments (Investments) Lancashire County Developments (Investments) Limited | Debenture | 1 property | 25/03/2011 | 02/09/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 22/08/2008 | 12/08/2016 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal charge | 1 property | 22/04/2005 | 02/09/2013 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Legal mortgage | 1 property | 21/03/2002 | 02/09/2013 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Mortgage debenture | 1 property | 02/04/2001 | 19/05/2017 |