ALLIED PIPEFREEZING SERVICES LIMITED

🌳Matureactive
03928951 · ltd · incorporated 2000-02-18
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 Apr 2025
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

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

35/100
too messy

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.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
104 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
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
£0£133k£266k£398k£531k£664kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Total assets£704.4k
Current assets£664.1k
Cash£12.5k
Debtors£582.0k
Net assets£364.0k
Average employees12

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-01-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-09-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2025-08-29
    🔒
    Charge registered #8
    Lender: Barclays Security Trustee Limited
  6. 2025-01-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-12-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-11-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2022-01-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-03-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2021-03-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2021-01-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2020-11-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-11-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2018-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-05-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2018-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2017-05-19
    🔓
    Charge satisfied #1
  19. 2017-01-31
    PADDOCK, Anne resigned
    secretary
  20. 2017-01-31
    PADDOCK, Anne resigned
    director
  21. 2017-01-31
    🔒
    Charge registered #7
    Lender: Mrs Anne Paddock
  22. 2016-08-12
    🔓
    Charge satisfied #4
  23. 2016-08-05
    PADDOCK, Duncan James Stanley resigned
    director
  24. 2016-08-04
    🔒
    Charge registered #6
    Lender: Svenska Handelsbanken Ab (Publ)
  25. 2015-09-02
    🔓
    Charge satisfied #5
  26. 2013-09-02
    🔓
    Charge satisfied #3
  27. 2013-09-02
    🔓
    Charge satisfied #2
  28. 2011-03-25
    🔒
    Charge registered #5
    Lender: Lancashire County Developments (Investments) Limited
  29. 2008-12-22
    PADDOCK, Carl James appointed
    director
  30. 2008-12-22
    PADDOCK, Garth William appointed
    director
  31. 2008-08-22
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  32. 2005-04-22
    🔒
    Charge registered #3
    Lender: National Westminster Bank PLC
  33. 2003-05-08
    PADDOCK, James Melvyn resigned
    director
  34. 2002-03-21
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  35. 2001-04-06
    PADDOCK, Anne appointed
    director
  36. 2001-04-06
    PADDOCK, James Melvyn appointed
    director
  37. 2001-04-02
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  38. 2000-02-18
    🏢
    Company incorporated
    As ALLIED PIPEFREEZING SERVICES LIMITED
  39. 2000-02-18
    PADDOCK, Anne appointed
    secretary
  40. 2000-02-18
    BRITANNIA COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-secretary
  41. 2000-02-18
    BRITANNIA COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-secretary
  42. 2000-02-18
    PADDOCK, Duncan James Stanley appointed
    director
  43. 2000-02-18
    DEANSGATE COMPANY FORMATIONS LIMITED appointed
    corporate-nominee-director
  44. 2000-02-18
    DEANSGATE COMPANY FORMATIONS LIMITED resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +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

59/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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 ·
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

Apfs Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Apfs Group Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ALLIED PIPEFREEZING SERVICES LIMITED
This company · 03928951

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%
NameSharesVoting rightsNature of controlNotified
Apfs Group Holdings Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control31/01/2017
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.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2000-02-18
Jurisdictionengland-wales
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Unit 2 Caroline Court
Billington Road
Burnley
Lancashire
BB11 5UB

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-26
Last: 2026-01-12

Officers (2 active · 6 resigned)

PADDOCK, Carl James
director · ~47y · appointed 2008-12-22
View their other companies + combined net worth →
Active
PADDOCK, Garth William
director · ~42y · appointed 2008-12-22
View their other companies + combined net worth →
Active
PADDOCK, Anne
secretary · appointed 2000-02-18 · resigned 2017-01-31
Resigned
BRITANNIA COMPANY FORMATIONS LIMITED
corporate-nominee-secretary · appointed 2000-02-18 · resigned 2000-02-18
Resigned
PADDOCK, Anne
director · ~76y · appointed 2001-04-06 · resigned 2017-01-31
Resigned
PADDOCK, Duncan James Stanley
director · ~78y · appointed 2000-02-18 · resigned 2016-08-05
Resigned
PADDOCK, James Melvyn
director · ~103y · appointed 2001-04-06 · resigned 2003-05-08
Resigned
DEANSGATE COMPANY FORMATIONS LIMITED
corporate-nominee-director · appointed 2000-02-18 · resigned 2000-02-18
Resigned

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

Mortgages & charges

8
Total charges
3
Outstanding
3
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge29/08/2025
outstanding
Mrs Anne Paddock
A registered charge31/01/2017
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge04/08/2016
satisfied
Lancashire County Developments (Investments)
Lancashire County Developments (Investments) Limited
Debenture1 property25/03/201102/09/2015
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property22/08/200812/08/2016
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal charge1 property22/04/200502/09/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Legal mortgage1 property21/03/200202/09/2013
satisfied
National Westminster Bank
National Westminster Bank PLC
Mortgage debenture1 property02/04/200119/05/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-27
change-person-director-company-with-change-date
officers · CH01
2026-01-19
change-person-director-company-with-change-date
officers · CH01
2026-01-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-02
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-03-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-03-09